PSX Closing Bell: A Heavy Red Finish

Mettis Global reported that the KSE-100 closed 1.18 per cent lower at 165,124.41 on Monday, a fall of 1,964.86 points, as rising geopolitical tensions weakened investor confidence. Selling was broad, hitting banking, exploration, cement and technology counters hardest. The index moved between an intraday high of 166,988.32 and a low of 165,168.49 during the session.

Market breadth was weak, with 85 companies in the index falling, 13 rising and 2 unchanged. Volume reached 104.27 million shares on the index. The All-Share Index ended 959.70 points lower at 100,157.69, a decline of 0.95 per cent across the wider market.

UBL, OGDC, HBL, MEBL and LUCK were the heaviest drags, subtracting between 97.95 and 186.93 points each. On the gaining side, COLG, PAKT, JDWS, UPFL and SCBPL lifted the index, with COLG contributing the most at 16.08 points. Over the fiscal year the KSE-100 has lost 15,177 points, or 8.42 per cent, and it is down 8,930 points, or 5.13 per cent, in the current calendar year.