Pakistan, July 15 -- KARACHI - After setting a new intra-day record, the Pakistan Stock Exchange (PSX) saw a sharp downturn on Tuesday as profit-taking erased earlier gains. The benchmark KSE-100 Index dropped by 562.66 points, closing at 135,939.87, down 0.41% for the day.

The session started on a high note, with the index climbing to an all-time intra-day peak of 137,747.60 points. This surge followed Monday's remarkable rally, where the market soared by 2,203 points-the largest single-day gain in recent months. Optimism over macroeconomic recovery, foreign inflows, and strong corporate earnings had boosted investor confidence.

However, selling pressure in key sectors-including banking, cement, and technology-surfaced late in the sess...