The Pakistan Stock Exchange (PSX) came under heavy selling pressure on Thursday, with the benchmark KSE-100 Index dropping 2,006 points, or 1.21 percent, to settle at 163,924 amid rising oil prices and geopolitical uncertainty.
The index started the session on a positive note, climbing 249 points to its intraday high before reversing course. Selling pressure pushed it down by as much as 2,148 points during the day.
Investor sentiment remained weak as concerns over international oil prices and regional tensions overshadowed trading. The absence of fresh positive developments also contributed to the decline, leaving stocks under pressure throughout the session.
ENGROH, UBL, HUBC, HBL, and PTC were the biggest contributors to the market’s decline, collectively pulling the KSE-100 Index down by around 752 points.
Trading activity remained moderate, with approximately 367 million shares traded during the session at a combined value of around Rs. 17.9 billion. PRL topped the volume chart, recording trading of 25.8 million shares.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| PRL | 95.12 | 101.21 | 93.01 | -4.76 | 25,877,567 |
| CNERGY | 12.35 | 12.59 | 12.26 | -0.17 | 23,190,905 |
| WTL | 0.9 | 0.94 | 0.89 | -0.03 | 22,159,640 |
| MACFL | 65.83 | 71.0 | 65.83 | -7.31 | 16,065,120 |
| PTC | 47.07 | 52.49 | 47.03 | -5.18 | 12,140,405 |
| TISL | 4.73 | 4.79 | 4.45 | 0.14 | 12,014,519 |
| TPLP | 11.28 | 11.71 | 11.1 | -0.13 | 9,173,571 |
The latest decline reflects growing caution among investors as external economic risks continue to influence market sentiment. The direction of international oil prices and developments on the geopolitical front are likely to remain key factors for the PSX in the coming sessions.
