Pakistan Stock Exchange Extends Decline for Third Consecutive Session

KARACHI: Despite lower oil prices and easing geopolitical tensions, the Pakistan Stock Exchange (PSX) delivered another volatile session on Tuesday, with investors remaining hesitant and continuing to sell, sending the benchmark KSE-100 index into negative territory for the third day in a row.

Topline Securities Ltd described the session as weak and erratic, citing rollover pressure and fiscal‑year‑end considerations that dampened sentiment. The index swung between an intraday high of 179,405.56 points (933 points) and a low of 177,674.37 points (797 points), closing at 177,692.92, down 778 points or 0.44 %.

Trading activity was cautious, as many participants stayed on the sidelines to reposition portfolios and lock in profits before the fiscal year closed, resulting in a subdued finish across the market.

Among the index contributors, United Bank Ltd, Bank Al‑Habib Ltd, Engro Holdings, Fauji Fertiliser Company and Bank Alfalah Ltd were the main draggers, together pulling the benchmark down by 595 points. Conversely, Oil and Gas Development Company, Maple Leaf Cement Factory, Pakistan Petroleum Ltd, Sui Northern Gas Pipeline and Colgate‑Palmolive offered some support, adding a combined 217 points.

Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the session was largely uneventful and that market mood will continue to be shaped by headlines, with short‑term moves tied to oil prices, geopolitical developments and blue‑chip stock activity.

Overall market activity remained muted, with trading volume falling 5.24 % to 765.15 million shares and total turnover dropping 2.02 % to Rs 35.2 billion, reflecting the cautious stance of investors. K‑Electric led volume with 83.4 million shares traded.

Published in Dawn, June 24th, 2026

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