The Pakistan Stock Exchange (PSX) witnessed a sharp downturn on Tuesday as early gains were wiped out by heavy profit-taking and weak investor sentiment, pushing the benchmark index deep into the red.

After opening on a positive note, the KSE-100 index climbed to an intra-day high of 163,380.67 points. However, momentum quickly reversed in the second half as investors booked profits from recent rallies. The index hit a low of 159,805.35 points before closing at 160,101.03, down 2,062.78 points or 1.27% from Monday’s close of 162,163.81.

Tuesday’s slump marked the fifth consecutive session of losses, underscoring persistent investor unease. The benchmark briefly dipped below the 160,000-point mark amid sustained selling pressure and a lack of positive triggers.

Market participants attrib

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