PSX Plunges Below 174,000
Meanwhile, the Pakistan Stock Exchange (PSX) remained under pressure on Monday as the KSE-100 Index fell 1, 693 points, or 0.97 percent, to close at 173, 636.
Meanwhile, the Pakistan Stock Exchange (PSX) remained under pressure on Monday as the KSE-100 Index fell 1, 693 points, or 0.97 percent, to close at 173, 636.
Article outline
- What happened
- The details
- A closer look
- The key numbers
- The bottom line
Key points
- PACE 10.96 11.42 10.78 0.29 20, 020, 197.
- CNERGY 13.02 13.78 12.93 -0.9 82, 458, 351.
- PRL 88.84 95.5 88.84 -9.87 39, 964, 541.
- FCSC 5.31 5.88 4.05 0.43 41, 468, 236.
- TSBL 2.57 2.6 2.39 0.11 35, 534, 280.
Notably, the index moved between an intraday high of 175, 353 and a low of 173, 603 as renewed US-Iran tensions and high international oil rates weakened investor sentiment. PC Owners Clarify Future of Hotel Business After Breakup Rumors.
Investors remained concerned regarding higher inflation, pressure on Pakistan's external account and the impact of prolonged geopolitical tensions on the economy.
Refinery stocks additionally faced selling pressure after reports that the administration intends to impose financial penalties on refineries that fail to sign Upgradation Agreements with the Petroleum Division by October 1, 2026. The move triggered concern regarding feasible financial costs for refinery firms. SCRIP PRICE HIGH LOW CHANGE VOLUME.
TISL 4.29 4.71 4.2 -0.07 32, 485, 570.
IREIT 8.36 9.0 7.93 0.36 18, 292, 269.
United Bank Limited (UBL), Oil and Gas Development Firm Limited (OGDC), Pakistan Petroleum Limited (PPL), MCB Bank and Fauji Fertilizer Business (FFC) were among the biggest drags, together pulling the KSE-100 down by around 811 points.
Pakistan Services Limited (PSEL), Askari Bank Limited (AKBL) and Adamjee Insurance Firm Limited (AICL) provided some backing, adding regarding 117 points collectively.
Market activity remained solid, with 679 million shares changing hands at a total traded value of around Rs. 23.6 billion. Stay Connected with ProPakistani.
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Taken together, the developments around PSX Plunges Below 174, 000 point to a situation that is still moving, and the coming days should bring more clarity.
