Selling returns as KSE-100 sheds nearly 2,200 points

Selling pressure returned to the Pakistan Stock Exchange (PSX) on Tuesday following a positive start, with the benchmark KSE-100 Index shedding nearly 2,200 points during the opening hours of trading. At 11:15am, the benchmark index was hovering at 172,278.79, down 2,175.14 points or 1.25%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, HUBCO, ARL, OGDC, POL, HBL, MEBL and NBP, traded in the red. In a key development, the National Electric Power Regulatory Authority (Nepra) has granted protection to existing prosumers till expiry of their seven-year contracts with Discos/ K-Electric through amendments to the notified Prosumer Regulations 2026, following a communication from the Power Division.