Karachi, The Karachi Stock Exchange (KSE) witnessed continued selling pressure for the second consecutive day, leading to significant losses in major sectors. The KSE100 index dropped by 592 points to close at 71,103, primarily affected by non-materialization of an anticipated rate cut and some underwhelming corporate announcements.

According to JS Global, sectors such as cement, steel, and technology suffered the most, with notable companies like AIRLINK and NETSOL closing at their limit down. However, some stocks like ENGRO, GHNI, PPL, and SAZEW managed to resist the downward trend and closed with gains. The total market turnover also decreased to 561 million shares day over day, with companies like WTL, PACE, PPL, HASCOL, and AIRLINK being the most active in trading volumes.

Muhammad Shuja Qureshi of JS Global suggested that investors should use the current market dips to accumulate value stocks, anticipating potential future gains. Despite the day's losses, the year-to-date performance of the KSE100 still shows a substantial increase of 13.85%, reflecting a generally positive trend for the year despite periodic fluctuations.