PSX ends day shedding over 1,500 points

KARACHI: The Pakistan Stock Exchange (PSX) began the week with a significant downturn, as major sectors ended in the red. The KSE-100 Index closed Monday’s trading session at 78,539.18 points, marking a decline of 1,578.71 points, or 1.97 per cent.

Throughout the day, the KSE-100 Index remained in negative territory, recording an intraday high of 80,085.63 points (down by 32.26 points) and a low of 78,404.76 points (down by 1,713.13 points). The total trading volume for the index reached 201.00 million shares

Out of the 100 companies listed on the index, only 13 managed to close with gains, while 87 ended the day lower. The top losers were NCPL (-6.31 per cent), INIL (-5.87 per cent), ABOT (-5.51 per cent), PSEL (-5.43 per cent), and FABL (-5.01 per cent).

Conversely, the top gainers were SNGP (+4.07 per cent), POML (+3.62 per cent), GADT (+1.77 per cent), SHFA (+1.30 per cent), and AVN (+1.19 per cent).

In terms of index-point contributions, the companies that dragged the index down included HUBC (-155.81 points), ENGRO (-96.56 points), FFC (-91.91 points), OGDC (-87.19 points), and PPL (-62.17 points).

On the positive side, the companies that added points to the index were SNGP (+26.20 points), HBL (+13.56 points), AVN (+3.07 points), PAEL (+2.84 points), and ILP (+2.40 points).

Sector-wise, the KSE-100 Index was weighed down primarily by Commercial Banks (-343.59 points), Oil & Gas Exploration Companies (-223.55 points), Fertilizer (-219.09 points), Power Generation & Distribution (-198.76 points), and Cement (-124.62 points).

The bearish start to the week reflects ongoing market uncertainties and investor caution, leading to widespread declines across major sectors.

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