BRIndex100 lost 98.88 points or 2.35 percent to close at 4,117.36 points. BRIndex100 touched intraday high of 4,217.18 and intraday low of 4,112.04 points. Volumes stood at 148.425 million shares.
BRIndex30 decreased by 664.42 points or 3.05 percent to close at 21,132.84 points with a turnover of 114.100 million shares.
The KSE-100 index declined by 785.12 points or 1.98 percent to close at 38,821.67 points. Due to selling pressure, daily trading volumes on the ready counter increased to 161.891 million shares as compared to 68.072 million shares traded Monday.
Foreign investors however remained net buyers of shares worth $1.6 million shares. The market capitalization declined by Rs 121 billion to Rs 7.772 trillion. Out of total 363 active scrips, 309 closed in negative, only 37 in positive while the value of 17 stocks remained unchanged.
Bank of Punjab was the volume leader with 23.386 million shares. However, it declined by Re 0.42 to close at Rs 12.38 followed by K-Electric that lost Re 0.16 to close at Rs 6.04 with 8.594 million shares.
Pak Tobacco and Archroma Pak were the top gainers with Rs 115.00 and Rs 18.57, respectively to close at Rs 2,415.00 and Rs 585.00. Nestle Pakistan and Indus Motor Co were the top losers with Rs 100.00 and Rs 46.65, respectively to close at Rs 8,500.00 and Rs 1,242.91.
BR Commercial Banks Index declined by 126.15 points or 1.49 percent to close at 8,346.51 points with total turnover of 32.137 million shares.
BR Cement Index plunged by 147.78 points or 3.41 percent to close at 4,181.30 points with 18.483 million shares.
BR Oil and Gas Index decreased by 122.33 points or 2.47 percent to close at 4,835.76 points with 9.137 million shares.
BR Tech. & Comm. Index lost 39.66 points or 3.95 percent to close at 965.26 points with 11.427 million shares.
BR Power Generation and Distribution Index closed at 5,959.77 points, down 96.41 points or 1.59 percent with 11.446 million shares.
An analyst at Topline Securities said that Pakistan market fell amid concerns of increased tensions between India and Pakistan, after Inter Services Public Relations (ISPR) confirmed that Indian military jets violated Pakistan's airspace (before dawn).
Though Indian's claim of attacking a terrorist camp inside Pakistan was refuted by Pakistan's official sources, the damage was mainly seen in Pakistan's market as the index lost 785 points, the largest loss in 55 sessions (since December 06, 2018), closing at 38,822 level.
This was also the first time in 32 sessions (since January 09, 2019) the index closed below 39,000 level. With International Oil prices falling significantly after US President Donald Trump's tweet telling OPEC to relax, E&P's were the worst performing companies as the sector chipped away 156 points.