Karachi: The Karachi Stock Exchange experienced a notable decline on Tuesday, with the KSE30 and KSE100 indices both closing lower amid widespread selling pressure. The KSE30 index fell by 269.99 points, closing at 48,680.99, while the KSE100 index dropped by 752.05 points, settling at 160,935.13.

Throughout the trading session, the indices fluctuated, with the KSE100 reaching a high of 162,344.66 and a low of 160,583.90. The KSE30 saw a high of 49,106.27 and a low of 48,535.37. The declines represent a 0.55% drop for the KSE30 and a 0.47% decline for the KSE100.

The overall market turnover increased to 1,545,928,917 shares from the previous 1,214,425,715 shares. The traded value, however, decreased to 38,855,445,430 from the previous 41,376,097,155. Market capitalization also saw a decline, closing at 18,376,322,460,421 compared to the previous 18,449,937,123,461.

In the futures market, turnover rose to 288,068,000 shares from 244,885,000 shares, with a traded value of 9,898,990,370, slightly up from 9,726,015,455. The odd lot market saw a turnover of 1,020 shares, an increase from 190 shares, with a traded value climbing to 18,677 from 3,509.

Analysts attributed the market's downturn to investor caution amid economic uncertainties. The market movements were tracked and reported by the Pakistan Stock Exchange Limited.