PSX Closing Bell: Down We Go

The benchmark KSE-100 index ended Monday's session at 173,636.07, a fall of 1,692.75 points or 0.97 per cent, according to Mettis Global. Sentiment turned negative as fighting involving ships between Washington and Tehran heightened worries about an extended oil supply disruption from the Middle East, pushing crude prices higher. The index touched an intraday high of 175,353.67 before sliding to a low of 173,603.75.

Among the index's 100 companies, 12 finished higher, 87 ended lower and one was flat. CNERGY led the losers with a 6.47 per cent drop, followed by THALL, PGLC, CPHL and ATRL. PSEL gained 7.55 per cent to top the advancers, while AICL, AKBL, GHGL and KEL also rose. In index-point terms, Commercial Banks weighed the most, ahead of Oil & Gas Exploration Companies and Cement.

Market turnover shrank, with 679.19 million shares changing hands compared with 874.32m in the prior session. The All-Share Index closed at 105,405.30 after shedding 1,037.53 points, while the value of trading dropped by Rs8.72bn to Rs23.69bn. Over the fiscal year the KSE-100 is down 6,666 points or 3.70 per cent, while in the current calendar year it has slipped 418 points or 0.24 per cent.