ISLAMABAD: The Pakistan Stock Exchange (PSX) witnessed a bearish trend on Monday, with the benchmark KSE-100 Index falling by over 800 points due to selling pressure across key sectors on Monday.
By the close of the session, the benchmark index settled at 118,877.80, marking a loss of 813.29 points or 0.68%.
On Monday, a total of 497,940,020 shares were traded as compared to 580,318,842 shares the previous trading day, whereas the price of shares stood at Rs 23.450 billion against Rs 22.743 billion on the last working day.
As many as 464 companies transacted their shares in the stock market, 193 of them recorded gains and 231 met losses, whereas the share price of 40 companies remained unchanged.
The three top trading companies were Dewan Cement with 40,375,547 shares at Rs 12.67 per share followed by Invest Bank with 31,862,508 shares at Rs 2.31 per share and K-Electric Limited settled with 30,881,459 shares at Rs 5.09 per share.
PIA Holding Company LimitedB witnessed a maximum increase of Rs 2,937.45 per share, closing at Rs 32,311.99, whereas Khyber Textile Mills Limited was the runner-up with Rs 279.07 increase in its share price to close at Rs 3,069.78.
Rafhan Maize Products Company Limited witnessed a maximum decline of Rs 41.89 per share price, closing at Rs 9,919.02, whereas the runner-up SS Oil Mills Limited with a decrease of Rs 41.31 in its per share price to Rs 788.43.
The benchmark KSE-100 Index closed at 119,691.09 on Friday, marking a weekly gain of 588 points or 0.49%, up from the previous week’s close of 119,102.67 points.
On the global front, Asian stock markets and the US dollar opened the week on a softer note, amid ongoing US-China trade tensions.
Investors remained cautious ahead of the upcoming US jobs report and a widely anticipated interest rate cut by the European Central Bank.
Markets showed little immediate reaction to US President Donald Trump’s unexpected announcement late Friday to double tariffs on imported steel and aluminium to 50%, effective June 4—a move that drew strong criticism from European Union negotiators.
US Treasury Secretary Scott Bessent said on Sunday that President Trump planned to speak soon with Chinese President Xi Jinping to resolve ongoing disagreements over critical minerals.
However, Beijing firmly rejected Trump’s recent trade criticisms, casting doubt on how soon such a conversation might occur.
![NEW YORK: Pakistan's former Foreign Minister Bilawal Bhutto Zardari, leading Pakistan’s high-level parliamentary delegation, on Tuesday warned that India's aggressive actions pose a serious threat to peace in South Asia and urged the international community to take note of India's aggressive conduct. Bilawal was addressing a press conference at the United Nations headquarters in New York on recent regional developments after the military conflict between India and Pakistan. The Pakistani delegation is in New York to present Pakistan’s stance on the military escalation with India and to challenge New Delhi’s narrative at the global level. The visit is part of Pakistan’s sustained diplomatic outreach to brief key UN stakeholders on the alarming regional situation. The Pakistani delegation is also scheduled to arrive in Washington today, where it plans to engage with Secretary of State Marco Rubio, other senior officials, lawmakers, and think tanks till June 6. The team will also visit London and Brussels. Speaking at the press conference, Bilawal said that he wanted to use the opportunity to share Pakistan’s perspective on the recent military conflict with India in the wake of the Pahalgam attack and the way forward. Bilawal said that the “illegal strikes” launched by India as part of its ‘Operation Sindoor’ were “in violation of the UN Charter, international law”. He said the attacks had targeted civilian infrastructure, places of worship, energy infrastructure and innocent women and children. He said India had used the April 22 terrorist attack in Indian Illegally Occupied Jammu and Kashmir’s (IIOJK) Pahalgam as a pretext to launch the attack inside Pakistan. Following the Pahalgam incident, Pakistan's Prime Minister Shehbaz Sharif offered publicly to India that Pakistan was ready to be part of any impartial international investigation into this attack. “We did so because we were confident, our hands were clean and we had nothing to do with this terrorist attack. “We expressed our sympathy with the victims of terrorism and Pakistan has consistently and unequivocally condemned terrorism in all its forms and manifestations,” he said, adding that PM Sharif had immediately expressed Pakistan’s willingness to India and the global community to be part of any impartial international investigation. “Indian government refused Pakistan's offer and chose instead to conduct their illegal strikes. Pakistan only then acted in self-defence, we never initiated any violence against India,” Bilawal said. Bilawal emphasised that Pakistan never initiated hostilities against India but responded to Indian aggression by downing six Indian fighter jets. "The Pakistani military had responded with precision the night of the first Indian attack and only targeted and downed six planes because we believed those were the ones to release their load on Pakistan”. He stated that US President Donald Trump and Secretary of State Marco Rubio played a vital role in achieving a ceasefire during heightened tensions between the nuclear-armed South Asian neighbours. “We’ve seen during the course of this conflict how quickly the escalation ladder between our two countries rose and the concern is that the next time there is such an incident, there may not be time for the international community to intervene before things get a lot worse. That is why it is absolutely important for Pakistan and the international community to continue to pursue dialogue and diplomacy as the only viable path to peace.” He said Pakistan’s position was to hold a “comprehensive dialogue” with India that would include the issue of terrorism as well. The head of the Pakistani delegation said that no civilized nation can support the use of water as a weapon and urged the international community to play its part, questioning, "What would be the global reaction if someone’s lifeline was cut off?" He stressed that Pakistan has paid a heavy price in the fight against terrorism and has suffered the most. “The single largest number of terrorist attacks that take place in any one country is Pakistan. The single largest number of victims of terrorism is Pakistan. I myself have suffered at the hands of terrorists. My mother [Benazir Bhutto] was assassinated by the terrorists.” Bilawal also criticised India for targeting water reservoirs and civilian areas, including mosques, during its attacks. Calling negotiations the only path to peace, Bilawal reiterated that the unresolved Kashmir dispute remains the root cause of regional instability. He urged the global community to take notice of India’s aggressive conduct.](https://wenewsenglish.com/storage/2025/06/Bilawal-Bhutto-Zardari-300x180.jpg)
