PSX Opening Bell: In the Red Again

June 23, 2025 (MLN): The benchmark KSE-100 Index kicked off Monday’s trading session on a negative note, opening at 118,031.71 with a decline of 1,991.52 points or 1.66%.

At the start of the session, the index traded within a range of 307.15 points, recording a low of 117,987.14 (-2,036.09) points.

The total volume for the KSE-100 Index stood at 4.76 million shares.

This bearish momentum comes amid heightened geopolitical tensions after the United States launched airstrikes on Iran’s nuclear facilities, escalating the Iran-Israel conflict and triggering fears of regional instability.

Pakistan’s Foreign Office strongly condemned the attacks, warning they risk plunging the Middle East into a broader war and urged all parties to return to dialogue.

Echoing this stance, Prime Minister Shehbaz Sharif, in a telephone call with Iranian President Masoud Pezeshkian, reiterated Pakistan’s condemnation of the strikes, voiced concern over attacks on IAEA-monitored sites, and reaffirmed Pakistan’s solidarity with Iran.

He stressed the urgent need for de-escalation and diplomacy, and expressed Pakistan’s readiness to play a constructive role in promoting peace.

Top losers at the start of the session were YOUW (-10.13%), PKGP (-10.00%), JDWS (-7.85%), HUMNL (-5.58%), and HMB (-5.15%).

On the other hand, top gainers were IBFL (+3.42%), HGFA (+1.85%), EFUG (+1.81%), JVDC (+0.63%), and AICL (+0.63%).

In terms of index-point contributions at the start of the session, major laggards included ENGROH (-139.71 pts), FFC (-110.81 pts), LUCK (-105.94 pts), MEBL (-105.54 pts), and MARI (-83.83 pts).

Meanwhile, the stocks contributing positively to the index were EFUG (+3.60 pts), AICL (+2.73 pts), and NESTLE (+0.74 pts).

Sector-wise, the KSE-100 Index came under pressure at the start of the session due to losses in Commercial Banks (-396.30 pts), Cement (-254.04 pts), Fertilizer (-199.06 pts), Oil & Gas Exploration Companies (-195.10 pts), and Power Generation & Distribution (-188.14 pts).

On the other hand, limited support came from Insurance (+6.33 pts), while sectors such as Tobacco, Modarabas, Close-End Mutual Funds, and Glass & Ceramics contributed neutrally (+0.00 pts each).

In the broader market, the All‑Share Index started the day at 76,851.45 with a net gain of 690.68 points or 0.91%.

Total market volume was 63.13m shares, down from 592.95m in the previous session, while traded value stood at Rs3.21bn, down by Rs18.62bn.

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