The Pakistan Stock Exchange (PSX) experienced intense selling pressure on Monday as investors reacted to rising geopolitical concerns, pushing the benchmark KSE-100 index sharply lower during intraday trading. The market opened in negative territory and extended losses throughout the session, reflecting cautious investor sentiment.
Intraday Decline
By 9:44am, the KSE-100 Index had dropped 1,957.57 points, or 1.15%, to 168,521.37. Selling was broad-based, with major sectors bearing the brunt of the downturn. Shares of automobile assemblers, cement manufacturers, commercial banks, oil and gas exploration firms, oil marketing companies (OMCs), power producers, and refineries traded lower as investors opted to reduce exposure amid heightened uncertainty.
Partial Recovery
As trading progressed, the benchmark index recovered part of its losses but remained firmly negative. As of 1:00pm, when this report was filed, the KSE-100 index was down 1,486.32 points, or 0.87%, at 168,992.62. The session's intraday high stood at 169,360.54, while the low was recorded at 168,432.45.
Market Activity
Market participation remained robust, with more than 82.47 million shares changing hands, generating a traded value of Rs7.47 billion. The index had settled at 170,478.94 in the previous session, highlighting the sharp decline seen on Monday.
