PSX sees pullback following global market recovery

KARACHI: The Pakistan Stock Exchange (PSX) closed with a modest gain of 81 points, or 0.07%, at 122,225 after a volatile session on Monday as investor sentiment remained cautious amid persistent geopolitical tensions and rising international oil prices, analysts said.

Meanwhile, market participants remained focused on the Monetary Policy Committee (MPC) decision, which eventually met expectations with a status quo on rates, leading to a muted close, Ismail Iqbal Securities said.

Stocks advanced despite geo political risk amid speculations over the central bank’s policy announcement later today, CEO Arif Habib Commodities, Ahsan Mehanti noted.

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“Recovery in global equities, IMF driven FY26 upbeat projections for privatisation, GDP growth, federal PSDP in the Federal Budget FY26 played a catalyst role in positive close at PSX, Mehanti added.

The PSX experienced a pullback session, following a recovery in global markets. The benchmark index traded within range, hitting an intraday high of 759 points and a low of 253 points, before settling at 122,225 — a modest gain of 81 points or 0.07%, according to Topline Securities.

Positive contributions came from BAHL, OGDC, NBP, MARI, and MEBL, collectively adding 371 points to the index. On the other hand, sales in ENGROH, PKGP, and LUCK weighed on performance, subtracting a combined 255 points.

Market participation was total traded volume reaching 1.22 billion shares and a total traded value of PKR 25 billion. WTL led the volumes chart, with 267 million shares changing hands.

In the last session, the PSX had closed on a negative note after a volatile session amid escalation of tensions in the Middle East resulting in rising international oil prices.

The benchmark 100 Index had closed after falling 863 points or (-1.57%) closing at 122,144 level.