Pakistan's benchmark share index, the KSE100, was down 4.1% at Tuesday's close, Eikon data showed.

The KSE100 has dropped 11% to 59,171 points from a peak of 66,427 points, most of which has happened over the past nine trading days.

"This was a fast and much-needed correction after a non-stop rally," Mohammad Sohail, CEO of Topline Securities, said on social media platform X, adding that high leveraged positions and the end of the calendar year are affecting market trends.

(Reporting by Ariba Shahid in Karachi Editing by Christian Schmollinger and David Goodman)