PSX Meltdown

June 13, 2025 (MLN): The benchmark KSE-100 Index stood at 122,261.50 by 9:45 AM on Friday, showing a decline of 1,831.62 points or 1.48%.

The index traded within a range of 1,453.47 points, with an intraday high of 123,058.06 (-1,035.06) and a low of 121,604.59 (-2,488.53).

Total volume on the KSE-100 Index reached 44.24 million shares by that time.

The sharp decline was due to escalating geopolitical tensions after Israel launched a military strike on Iran. 

The geopolitical shock also led to a global market selloff, with Asian indices falling and US futures declining sharply, while oil prices spiked and investors moved towards safe-haven assets like gold and the Swiss franc.

Of the 100 index companies, 4 gained, 90 declined, none remained unchanged, while 6 were untraded.

Top losers were PGLC (-9.91%), PSEL (-6.22%), IBFL (-5.77%), POML (-5.41%), and YOUW (-4.53%).

On the other hand, top gainers were PKGP (+6.22%), BNWM (+5.83%), EFUG (+4.41%), UPFL (+0.89%), and POL (+0.55%).

In terms of index-point contributions, companies that dragged the index lower were LUCK (-133.63pts), FFC (-127.21pts), UBL (-121.55pts), ENGROH (-107.73pts), and SYS (-76.04pts).

Meanwhile, companies that added points to the index were PKGP (+86.28pts), POL (+12.86pts), EFUG (+8.85pts), BNWM (+0.42pts), and RMPL (+0.00pts).

Sector-wise, KSE-100 Index was let down by Commercial Banks (-443.48pts), Cement (-324.85pts), Fertilizer (-185.79pts), Inv. Banks / Inv. Cos. / Securities Cos. (-122.51pts), and Oil & Gas Exploration Companies (-116.80pts).

While the index was supported by Power Generation & Distribution (+4.92pts), Insurance (+2.51pts), Woollen (+0.42pts), Tobacco (+0.00pts), and Close - End Mutual Fund (+0.00pts).

In the broader market, the All-Share Index settled at 76,056.61, registering a net loss of 1,049.68 points or 1.36%.

Total market volume stood at 115.56m shares, significantly lower than the previous session’s 1,024.56m. The traded value dropped to Rs5.26 billion, down by Rs45.28bn.

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