ISLAMABAD: The Pakistan Stock Exchange (PSX) on Monday observed renewed bearing sentiment as the benchmark KSE-100 Index settled nearly 900 points lower amid selling pressure across key sectors.
Selling was seen in key sectors including automobile assemblers, oil and gas exploration companies, OMCs, and power generation. Index-heavy stocks, including HUBCO, OGDC, PPL, POL, MARI, PSO and SSGC traded in the red.
By the close of the session, the benchmark index settled at 118,221.12, marking a loss of 881.55 points or 0.74%.
On Monday, a total of 635,535,311 shares were traded during the day as compared to 338,003,666 shares the previous trading day, whereas the price of shares stood at Rs 18.576 billion against Rs 18.511 billion on the last working day.
As many as 467 companies transacted their shares in the stock market, 188 of them recorded gains and 235 met losses, whereas the share price of 44 companies remained unchanged.
The three top trading companies were K-Electric Limited with 246,932,360 shares at Rs 5.72 per share, WorldCall Telecom with 36,720,714 shares at Rs 1.27 per share, and Telecard Limited with 30,010,235 shares at Rs 8.22 per share.
PIA Holding Company LimitedB witnessed a maximum increase of Rs 2,006.32 per share, closing at Rs 22,069.53, whereas Khyber Textile Mills Limited was the runner-up with Rs 190.61 rise in its share price to close at Rs 2,096.70
Rafhan Maize Products Company Limited witnessed a maximum decline of Rs 72.36 per share price, closing at Rs 10,755.23, whereas the runner-up Sazgar Engineering Works Limited with a fall of Rs 36.29 in its per share price to Rs 1,216.17.
During the last week, the PSX remained under continuous pressure as investors adopted a cautious stance ahead of the upcoming federal budget amid growing concerns about proposed tax measures, which led to a continued downward trend in the market.
The stock market plunged by 546.47 points, or 0.45% week-on-week (WoW), closing at 119,102.67 points down from 119,649.14 points in the previous week.
Stock markets across Asia moved higher on Monday, and the euro gained ground after U.S. President Donald Trump unexpectedly extended his deadline to impose 50% tariffs on European Union goods.
The extension—pushing the deadline from June 1 to July 9—offered a temporary reprieve and highlighted the unpredictability of Trump’s trade strategy.
The decision followed a request from European Commission President Ursula von der Leyen, who said the EU needed more time to secure “a good deal.”
Investor sentiment, which had been rattled by a sharp selloff in the previous month, showed signs of recovery.
Markets found relief as Trump paused the imposition of potentially damaging tariffs, especially following recent trade developments, including a finalised agreement with the UK and a provisional deal with China.
Investors are now hopeful that further progress can be made in global trade negotiations.
