PSX Closing Bell: Not Quite Green

Mettis Global reported that the KSE-100 index ended Monday's session at 176,975.67, a fall of 720.83 points, or 0.41 per cent. Selling pressure in bank, technology and cement shares was larger than the rise in refinery and certain energy counters. The index moved within a 1,193.77-point band during the day, peaking at 178,138.68 before sliding to 176,944.91.

Investor mood soured after a US attack on Iranian rocket launchers at Larak Island in the Strait of Hormuz. Oil prices climbed on fears of possible supply disruption along the shipping lane, adding to caution among investors. Breadth was weak: 38 of the 100 index stocks finished higher and 62 finished lower.

The broader All-Share Index ended at 107,431.86, dropping 273.31 points, or 0.25 per cent. Trading volume climbed to 937.27 million shares from 658.33m in the prior session, while traded value rose by Rs7.68bn to Rs39.13bn. Across 503 companies, 448,183 trades were recorded, with 169 advancing, 302 declining and 32 unchanged.