The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Monday, with the benchmark KSE-100 Index dropping 1,693 points.
The index declined 0.97 percent to close at 173,636 points, falling below the 174,000 level.
The KSE-100 moved between an intraday high of 175,353 and a low of 173,603 during the session.
Renewed US-Iran tensions and elevated international oil prices weighed on investor confidence. Concerns over inflation and Pakistan’s external account also added pressure.
Geopolitical Tensions Weigh on Investors
Investor sentiment remained weak amid uncertainty surrounding geopolitical developments and their potential impact on Pakistan’s economy.
Higher global oil prices have raised concerns about import costs and external-sector pressures. Market participants are also watching inflation trends and broader economic risks.
Refinery stocks faced additional selling pressure after reports that the government plans to impose financial penalties on refineries that fail to sign Upgradation Agreements with the Petroleum Division by October 1, 2026.
Topline Securities said the development raised concerns about potential financial costs for refinery companies.
Major Stocks Drag KSE-100 Lower
Major index-heavy stocks were among the biggest contributors to Monday’s decline.
United Bank Limited (UBL), Oil and Gas Development Company Limited (OGDC), Pakistan Petroleum Limited (PPL), MCB Bank and Fauji Fertilizer Company (FFC) collectively dragged the KSE-100 down by around 811 points.
Some companies provided support to the market. Pakistan Services Limited (PSEL), Askari Bank Limited (AKBL) and Adamjee Insurance Company Limited (AICL) collectively contributed around 117 points.
Trading activity remained strong despite the market decline.
Around 679 million shares changed hands during the session, with the total traded value reaching approximately Rs23.6 billion.
Among the most actively traded stocks were CNERGY, FCSC, PRL, TSBL, TISL, PACE and IREIT.
