The benchmark KSE-100 index plunged more than 6,000 points during intraday trading at the Pakistan Stock Exchange on Monday. The sharp drop reflected intense selling pressure across key sectors. Investors reacted to weak corporate earnings and sustained negative momentum in the market.
By 3:00pm, the KSE-100 was down 6,029.47 points at 173,574.26. The index lost 3.36 per cent from its previous close of 179,603.73. Trading volume reached 302 million shares, with a total value of Rs29.64 billion. Market breadth remained negative as decliners outpaced gainers.
Read more: PSX sheds 2,537 points to close at 180,512
Among the most active stocks, K-Electric Limited fell 3.98 per cent to Rs8.21 on heavy volumes. Hum Network Limited gained 4.92 per cent to Rs12.80, while Worldcall Telecom Limited dropped 4.91 per cent to Rs1.55. The mixed performance in active counters failed to offset broader market losses.
Top gainers included Trust Securities & Brokerage Limited, which surged 19.37 per cent. 786 Investments Limited and Agritech Non-Voting (Pref) Class A also posted gains of around 10 per cent each. However, steep declines in LSE Capital Limited, Gulistan Spinning Mills Limited, and EKohinoor Industries Limited weighed on sentiment.
Read more: PSX sheds 908 points to close at 179,603
Last week, brokerage house Topline Securities noted that bearish momentum persisted due to disappointing corporate results. Analysts said the ongoing earnings season has fallen short of investor expectations. The latest plunge underscores heightened volatility and cautious investor sentiment at the PSX.