PSX Closing Bell: A Nudge Lower

Mettis Global reported that the benchmark KSE-100 ended Monday's session at 170,425.62, down 339.6 points or 0.2 per cent. The index swung across a range of 1,006.03 points, peaking at 171,126.52 before dipping to 170,120.49. Index constituents exchanged 139.0 million shares over the session.

Oil prices climbed as Washington turned down a ceasefire proposal from Tehran. Expectations that the Strait of Hormuz would reopen soon faded, adding to fears of a lengthy interruption to crude flows. Selling spread across several key sectors, and investor participation stayed restricted.

Commercial Banks shed 206.49 points and Cement lost 154.86, making them the biggest drags on the index. UBL, HBL and LUCK were the heaviest individual decliners, while TRG, FFC and OGDC added the most points on the upside. Breadth was weak, with 66 of the 100 index stocks ending lower against 30 higher and 4 flat. The All-Share index closed at 103,057.02, a loss of 184.03 points.