Karachi, October 28, 2025 – The Pakistan Stock Exchange (PSX) witnessed a bloodbath on Tuesday as the KSE-100 index nosedived by 2,063 points, marking one of the sharpest single-day declines in recent months amid aggressive bearish activity and intense selling pressure.
The benchmark KSE-100 index closed at 160,101 points, plunging from the previous day’s 162,164 points, as investors dumped positions across key sectors.
According to analysts at Topline Securities Limited, the market experienced extreme volatility throughout the session. The day opened with bullish momentum, pushing the index up by 1,216 points at its intraday high. However, sentiment dramatically reversed in the second half as bears seized control, dragging the benchmark down to an intraday low of -2,358 points before settling deep in the red.
Experts attributed the rollercoaster performance to futures rollover week, coupled with a series of corporate earnings announcements that spurred uncertainty and profit-taking across blue-chip stocks. Investors opted for caution amid concerns over macroeconomic challenges and monetary tightening.
Major drags on the index included HUBC, MEBL, HBL, OGDC, and UBL, collectively eroding 585 points from the KSE-100. Conversely, LUCK, PSEL, SRVI, BAHL, and TRG lent minor support, adding 171 points in total.
Despite the heavy decline, market activity remained strong, with traded volumes soaring to 1.014 billion shares and turnover reaching Rs. 36.7 billion. K-Electric (KEL) dominated the volume charts, with 94.5 million shares changing hands during the session.
Analysts suggest that while short-term volatility may persist, market direction will hinge on corporate earnings clarity, policy developments, and rollover adjustments in the days ahead.
Investors remain on edge as bearish sentiment tightens its grip on PSX, signaling heightened caution in the days to come.