KARACHI – The Pakistan Stock Exchange (PSX) recorded a decline on Monday as geopolitical developments over the weekend intensified, dampening optimism for a swift resolution to the Middle East conflict. Clashes between Iran and Israel tested the fragile truce, contributing to market uncertainty.
Additional ambiguity surrounding the national budget further weighed on investor sentiment, pushing the benchmark KSE‑100 index below the 170,000 threshold.
Topline Securities Ltd reported a volatile session that mirrored weakness across global equity markets, as escalating geopolitical tensions eroded confidence.
Throughout the day, the index dropped to an intraday low of 2,046 points before closing at 168,953, a decline of 1,525 points or 0.89 percent.
Negative momentum aligned with international market trends, fueled by ceasefire violations and renewed hostilities, keeping risk appetite subdued.
Heavyweight names such as United Bank, Engro Holdings, Fauji Fertiliser, Habib Bank, Hub Power, and Pakistan Petroleum contributed to the slide, collectively eroding around 561 points from the benchmark.
Trading volume fell 9.51 percent to 658 million shares, and the traded value dropped 15.54 percent to Rs 22.5 billion. TPL Properties emerged as the biggest volume driver, with 60 million shares changing hands.
Ali Najib, Deputy Head of Trading at Arif Habib Ltd (AHL), noted that the KSE‑100’s fall below 170,000 marked the first such occurrence since May 22, underscoring the persistent impact of geopolitical uncertainty since early February.
Market sentiment remained cautious throughout the session, as renewed clashes between Iran and Israel curtailed hopes for a near‑term peace settlement.
On a corporate note, Sazgar Engineering reported a 75 percent jump in four‑wheelers sold in May, reaching 1,604 units, while three‑wheelers slipped 12 percent to 1,636 units. For the 11‑month period ending FY’26, four‑wheelers rose 73 percent to 16,459 units, and three‑wheelers edged up 1 percent to 23,578 units.
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