Karachi: Pakistan Stock Exchange (PSX) witnessed bearish session for second consecutive day, as its benchmark KSE-100 Index closed lower by 487 points despite positive start. KSE-100 started session positive, hitting an intra-day high of 78,857.62.

However, bears again dominated market, especially in second half.
At close, benchmark index settled at 78,084.24, down by 486.82 points or 0.62 percent.

Volume on all-share index increased to 591.51 million from 512.34 million. Value of shares decreased to Rs 17.12 billion from Rs 18.89 billion in previous session.

Kohinoor Spinning was volume leader with 74.33 million shares, followed by WorldCall Telecom with 47.38 million shares and Cnergyico PK with 43.91 million shares.

Shares of 436 companies were traded on Tuesday, of which 163 registered an increase, 222 recorded fall while 51 remained unchanged.

Globally, Asian stocks fell on Tuesday as investors pondered looming US interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in Middle East and supply concerns checked risk sentiment and lifted oil prices.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.36 percent lower on Tuesday, inching away from one-month high it touched in previous session. Japan's Nikkei eased 0.16 percent while Chinese stocks were also on back foot. China's blue stock index CSI300 fell 0.28 percent while Hong Kong's Hang Seng index was 1 percent lower in early trading, dragged by lacklustre earnings from Temu-parent PDD Holdings due to lower consumer spending.