The PSX Pakistan snapped its seven-session bull run on Monday, as economic concerns weighed on investor sentiment. The benchmark KSE-100 index fell below 167,000 points, losing nearly 3,000 intraday amid heavy profit-taking.
Major stocks, including Engro Holdings, Meezan Bank, Hub Power, Bank Alfalah, and United Bank, led the decline, causing a 625-point drop. Some support came from Fauji Fertiliser, Adamjee Insurance, and Habib Bank.
READ MORE:PSX drops 1,200 points amid IMF concerns
Trading activity slowed sharply, with total volume falling 19 per cent to 1.27 billion shares. Total traded value also dropped 23 per cent to Rs 60.5 billion. Bank of Punjab led the volume chart.
Analysts said profit-taking intensified near psychological levels around 170,000, and economic issues like inflation, trade deficit, and IMF observations pressured the market. Geopolitical tensions with India added further uncertainty.
READ MORE:Investor confidence pushes PSX to record 169,000 points
Despite a positive milestone in export diversification and lower sovereign default risk, the PSX Pakistan ended the day lower. Selling pressure continues across key sectors like banking, oil, power, and cement.