Selling engulfs bourse, KSE-100 sheds nearly 600 points after SBP keeps policy rate unchanged

After a positive start, selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 600 points during the intra-day trading on Tuesday. At 12pm, the benchmark index was hovering at 188,001.04, a decrease of 586.62 points or 0.31%. Selling was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, OGDC, PPL, POL, MARI, PSO and WAFI, traded in the red. The SBP, contrary to market expectations, on Monday decided to keep its benchmark policy rate unchanged at 10.5% in its first Monetary Policy Committee (MPC) meeting of 2026.