PSX Update: KSE-100 Drops 579 Points to 188,587; MEBL, ENGROH Lead Declines

KARACHI: The benchmark KSE-100 index closed lower on Monday as selling pressure in key banking, oil, and fertilizer stocks overshadowed gains in select technology and auto shares.
The index ended at 188,587.66 points, down 579.16 points (-0.31%).
Market Statistics
Open: 189,788.68
High: 191,032.73
Low: 188,268.39
Volume: 449.79 million shares
Top Gainers (Pullers)
SAZEW: +139.92
SYS: +108.90
MTL: +56.08
JVDC: +54.89
FFC: +41.34
Biggest Decliners (Draggers)
MEBL: -143.55
ENGROH: -126.55
PIOC: -111.88
FATIMA: -87.23
LUCK: -84.51
Market Sentiment
Traders described the day as range-bound with mild selling pressure. While early buying pushed the index higher, profit-booking in heavyweights reversed gains.
Analyst Take
Experts believe the dip reflects healthy correction rather than a change in trend. With strong yearly returns already achieved, temporary consolidation is expected.
Long-Term View
The index remains firmly in positive territory with over 50% growth this fiscal year, underscoring continued investor confidence.
Market participants now await fresh triggers including earnings reports, economic updates, and foreign inflows that could guide the next move.