ISLAMABAD: The Pakistan Stock Exchange (PSX) remained under selling pressure on Monday, with the benchmark KSE-100 Index dropping nearly 1,300 points to close below the 112,000 mark.
At the close of trading, the KSE-100 Index stood at 111,986.88, down 1,264.78 points or 1.12 percent.
The selling was observed across key sectors including automobile assemblers, cement, chemical, oil and gas exploration companies, OMCs, and refinery. Index-heavy stocks including OGDC, PPL, MARI, PSO, SSGC, and WAFI traded in the red.
A total of 208,881,544 shares were entertained during the day as compared to 472,078,779 shares the previous trading day, whereas the price of shares stood at Rs 11.881 billion against Rs 22.778 billion on the last working day.
As many as 438 companies transacted their shares in the stock market, 86 of them registered gains, and 287 met losses, whereas the share price of 65 companies remained unchanged.
The three top trading companies were National Bank XD with 23,799,736 shares at Rs 79.10 per share followed by WorldCall Telecom with 17,593,535 shares at Rs 1.41 per share whereas Pak International Bulk settled with 11,711,635 shares at Rs 9.41 per share.
Hoechst Pakistan Limited registered a maximum increase of Rs 174.39 per share closing at Rs 3,182.81 whereas Packages Limited was the runner-up with Rs 20.59 rise in its share price to close at Rs 567.59.
Shifa International Hospital Limited witnessed a maximum decline of Rs 29.08 per share price, closing at Rs 431.01, whereas the runner-up was Bata Pakistan Limited with a fall of Rs 27.62 in its per share price to Rs 1,772.38.
During the last week, the Pakistan Stock Exchange (PSX) remained in the green zone driven by improved local liquidity and positive investor sentiment.
dailystockmktThe benchmark KSE-100 index gained 451 points, or 0.4%, on a week-on-week basis, closing at 113,251.67 points compared to 112,801 points in the previous week.
Global Asian share markets fluctuated on Monday, with the looming threat of imminent tariffs hanging over them, while Bitcoin soared following news that it would be included in a new US strategic reserve of cryptocurrencies.
US President Donald Trump took to social media to announce five digital assets he planned to include in the new reserve, namely Bitcoin, Ether, XRP, Solana, and Cardano.
