KSE-100 Slips Nearly 1,800 Points as Energy and Banking Stocks Weigh on Market

Karachi : The Pakistan Stock Exchange (PSX) ended Monday’s trading session on a weaker note as the benchmark KSE-100 Index lost nearly 1,800 points amid selling pressure in heavyweight energy, banking and cement stocks. Although the market opened on a positive footing and briefly touched higher levels during early trade, sustained profit-taking throughout the day erased gains and dragged the index into the red by the closing bell.
According to official figures, the KSE-100 began the session at 185,027.17 points and moved upward to an intraday high of 185,650.60 points, indicating early investor optimism. However, the bullish momentum could not hold as sellers entered the market, particularly in large-cap stocks that carry significant weight in the index. As a result, prices gradually declined across key sectors.
By midday, the bearish tone intensified and the index slipped sharply, touching an intraday low of 180,992.80 points. Despite a late-session attempt to recover, the benchmark ultimately closed at 182,340.38 points, marking a decline of 1,789.20 points or 0.97 percent.
Trading activity remained healthy, with index constituent volume recorded at 597.72 million shares. Analysts noted that while overall participation stayed strong, investors preferred to reduce exposure amid short-term uncertainty and recent market rallies. Profit-booking in blue-chip stocks played a major role in the downward movement.
Among the day’s positive contributors, Sazgar Engineering (SAZEW) emerged as the top gainer, adding 88.58 points to the index. MCB Bank followed with a 69.01-point contribution, while Nestle Pakistan, AGP Limited, and National Bank of Pakistan (NBP) also posted modest gains. These stocks attracted selective buying interest and helped cushion some of the losses.
However, the draggers outweighed the gainers. Oil & Gas Development Company (OGDC) led the decline by shaving off 242.89 points. MCB Bank Limited (MEBL), Pakistan Petroleum Limited (PPL), United Bank Limited (UBL), and Lucky Cement (LUCK) further pressured the benchmark, collectively dragging the index lower.
Despite the day’s drop, broader market performance remains encouraging. The KSE-100 has posted strong fiscal year-to-date growth of 45.14 percent, while calendar year-to-date returns stand at 4.76 percent. Analysts believe that the recent correction is part of a healthy consolidation phase following a strong rally.
Market experts advise investors to remain patient and focus on long-term fundamentals rather than reacting to daily fluctuations, noting that temporary pullbacks often present opportunities for disciplined buying.