Pakistan Stock Exchange (PSX) Tuesday remained fragile amid bearish pressure due to central bank’s rate hike. The benchmark Index stood at 168,337.56, down 1,159.79 points (-0.68%). Market opened in negative territory and traded red throughout the morning session. Trading volumes reached 341,059,243 shares with a traded value of approximately 13.49 billion.
The ongoing sell-off is attributed to concerns over rising borrowing costs impacting corporate earnings and dampening economic activity. Interest-sensitive sectors led the decline as investors reassessed their positions in light of tighter monetary conditions. Market participants are closely monitoring further developments and institutional flows for session’s closing direction.
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