PSX Faces Bearish Session, Loses 599 Points

The Pakistan Stock Exchange (PSX) experienced a bearish trend on Monday as the benchmark KSE-100 Index slipped by 599.02 points, closing at 148,894.03 compared to 149,493.05 in the previous session, reflecting a decline of 0.4%.

At the start of the day, investor activity pushed the market into positive territory, with the index climbing more than 450 points and briefly crossing the 150,000-point mark. However, heavy selling pressure soon erased those gains, dragging the market downward.

During the session, investors traded 209.1 million shares, significantly lower than the 802 million shares exchanged on the last trading day. The overall trading value also dropped to Rs16.35 billion, compared with Rs40.45 billion previously.

Out of 479 listed companies, 217 closed higher, 250 ended in losses, while 12 remained unchanged.

Major selling pressure was seen in key sectors, including automobile assemblers, commercial banks, oil and gas exploration firms, and oil marketing companies. Several index-heavy stocks such as HUBCO, MARI, OGDC, POL, PPL, SNGPL, SSGC, and WAFI contributed to the downturn by closing in negative territory.