Bears take control as KSE-100 sheds more than 2,500 points

The Pakistan Stock Exchange (PSX) witnessed a bloodbath session on Tuesday as the benchmark KSE-100 Index shed more than 2,500 points on the back of political and economic uncertainty.

The KSE-100 Index shed 2,534.12 points or 4.11% to reach 59,170.97 levels at the closing of the trading session.

The KSE-30 Index shed 836.93 points 4.07% to settle at 19,724.89 at the closing of the market.

According to market analysts, the investors opted to book profits in the last week, which resulted in the benchmark index closing in the red. They forecasted market may see a correction going forward.