KARACHI: The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday, with the benchmark KSE-100 Index losing over 800 points. The market began on a positive note, pushing the index to an intra-day high of 116,424.85.

However, selling pressure in the latter half of the session erased earlier gains, dragging the index to a low of 114,783.71. The KSE-100 ultimately closed at 115,042.25, down by 802.56 points or 0.69%. Intermarket Securities noted that while the market could continue to gain momentum, it would likely be driven by flow dynamics rather than major catalysts. The brokerage also suggested that the upcoming Monetary Policy Committee (MPC) meeting on January 27 could serve as a positive trigger if the central bank announces a larger-than-expected rate cut. On Monday, the PSX closed on a positive note, supported by fresh buying from local investors and institutional backing, with the KSE-100 rising by 572.73 points, or 0.5%, to end at 115,844.82 points. Internationally, global shares and US Treasuries saw volatility on Tuesday, reversing earlier gains following US President Donald Trump's announcement of potential tariffs on Mexico and Canada. Trump stated that his administration was considering 25% tariffs, which dampened investor optimism. The move sparked a retreat in US stock futures, with Nasdaq futures falling by 0.4% and S&P 500 futures down by 0.25%.