PSX Closing Bell: Red Ink Dominates

July 08, 2026 (MLN):The Pakistan Stock Exchange (PSX) ended Wednesday's session sharply lower, with the benchmark KSE-100 Index shedding more than 4,600 points as heightened geopolitical tensions in the Middle East triggered broad-based selling, prompting investors to reduce exposure to risk assets.

Market sentiment remained under pressure after oil prices climbed on renewed supply concerns, following fresh U.S. military strikes on Iran in response to attacks on commercial vessels transiting the Strait of Hormuz.

The situation further escalated after U.S. President Donald Trump declared that the ceasefire agreement with Iran was no longer in effect, while Iran's Islamic Revolutionary Guard Corps claimed it had targeted U.S. military installations in Kuwait and Bahrain, deepening fears of a wider regional conflict.

The benchmark KSE-100 Index concluded Wednesday's trading session at 181,629.36, down 4,626.19 points or 2.48%.

The index traded within a range of 5,711.22 points, touching an intraday high of 185,215.56 (-1,039.99 points) and a low of 179,504.34 (-6,751.21 points).

Total volume traded in the KSE-100 Index stood at 571.94 million shares.

Out of the 100 index constituents, 7 closed higher, 93 declined.

Top losers during the session were MEHT (-9.67%), KTML (-6.42%), INIL (-5.76%), HCAR (-5.60%), and ISL (-5.48%).

On the gaining side, IBFL (+10.00%), PGLC (+3.26%), JDWS (+3.16%), CNERGY (+2.71%), and ATRL (+2.04%) led the advances.

In terms of index-point contribution, UBL (-388.93pts), FFC (-351.76pts), ENGROH (-330.47pts), LUCK (-252.04pts), and HUBC (-205.13pts) weighed the most on the benchmark.

Meanwhile, ATRL (+26.74pts), IBFL (+17.83pts), CNERGY (+11.05pts), JDWS (+9.02pts), and COLG (+1.29pts) provided limited support to the index.

Sector-wise, the index was dragged lower by Commercial Banks (-1,399.02pts), Cement (-573.77pts), Oil & Gas Exploration Companies (-517.19pts), Fertilizer (-489.13pts), and Investment Banks/Investment Companies/Securities Companies (-379.23pts).

On the positive side, Refinery (+37.79pts), Synthetic & Rayon (+17.83pts), Sugar & Allied Industries (+9.02pts), Leasing Companies (+0.17pts), and Woollen (-0.08pts) offered marginal support.

In the broader market, the All-Share Index closed at 109,942.32, down 2,557.43 points or 2.27%.

Total market volume stood at 1.55 billion shares, up from 984.85m in the previous session, while traded value increased by Rs16.73bn to Rs62.44bn.

A total of 707,378 trades were reported across 494 companies, with 85 stocks closing higher, 396 lower, and 13 remaining unchanged.

To note, the KSE-100 has gained 1,328 points or 0.74% during the fiscal year, whereas it has increased 7,575 points or 4.35% so far this calendar year.

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