PSX Closing Bell: Red Ink Dominates the Day

June 08, 2026 (MLN): The benchmark KSE-100 Index started the week on a negative note, closing Monday's session at 168,953.70, down by 1,525.24 points or 0.89%, as investor sentiment weakened amid rising geopolitical tensions in the Middle East and renewed pressure on heavyweight banking, energy, and fertilizer stocks.

The index traded within a range of 928.09 points, reaching an intraday high of 169,360.54 (-1,118.40 points) and a low of 168,432.45 (-2,046.49 points).

Total traded volume in the KSE-100 Index stood at 137.85 million shares.

Out of the 100 index companies, only 15 closed higher while 84 declined and one remained unchanged, reflecting broad-based selling across the market.

Among the top losers were PGLC (-4.55%), KTML (-3.90%), PTC (-3.64%), SCBPL (-2.99%), and TRG (-2.89%).

On the gaining side, PSEL (+9.43%), JVDC (+7.18%), PSX (+3.99%), LOTCHEM (+2.89%), and TPLRF1 (+2.75%) posted notable gains.

In terms of index-point contribution, UBL (-147.38pts), ENGROH (-108.11pts), HBL (-107.07pts), FFC (-107.07pts), and PPL (-91.51pts) were the biggest drags on the benchmark index.

Meanwhile, PSEL (+87.20pts), JVDC (+65.37pts), PSX (+28.58pts), LOTCHEM (+10.72pts), and TPLRF1 (+9.17pts) helped cushion the decline.

Sector-wise, the market was weighed down by Commercial Banks (-535.84pts), Cement (-213.44pts), Oil & Gas Exploration Companies (-166.62pts), Fertilizer (-159.99pts), and Technology & Communication (-110.57pts).

Support came from Miscellaneous (+84.36pts), Property (+65.37pts), Real Estate Investment Trust (+9.95pts), Chemical (+5.33pts), and Glass & Ceramics (+4.32pts).

In the broader market, the All-Share Index closed at 101,912.99, registering a decline of 972.54 points or 0.95%.

Total market volume stood at 657.97 million shares, while traded value was recorded at Rs22.59 billion.

A total of 385,694 trades were reported across 494 companies, with 116 closing higher, 336 lower, and 42 remaining unchanged.

Investor sentiment remained under pressure as rising geopolitical tensions fueled concerns about the global economic outlook.

Oil prices moved higher on Monday after renewed military exchanges between Israel and Iran heightened fears of prolonged instability in the Middle East, raising concerns over potential disruptions to regional energy supplies.

The increase in international oil prices and uncertainty surrounding the evolving regional conflict prompted investors to adopt a cautious stance, leading to broad-based selling in key sectors.

Heavyweight banking, fertilizer, and oil-related stocks faced significant pressure as market participants reduced risk exposure amid concerns that escalating tensions could weigh on economic activity and financial markets.

To note, the KSE-100 has gained 43,326 points or 34.49% during the fiscal year, whereas it has decreased 5,101 points or 2.93% so far this calendar year.

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