Heavy selloff at PSX, KSE-100 plummets 5,700 points

April 07, 2025 (MLN): The KSE-100 index continued to feel the heat on Monday, plunging by 5,717 points, or 4.81%, in intraday trade as the index is being traded at 113,052.14.

This drop mirrored the ongoing global market turbulence, driven by concerns over U.S. President Donald Trump's aggressive tariff stance.

The selloff remained widespread as the day progressed and the top losers during the day were SRVI (-10.00%), PAEL (-9.58%), SEARL (-8.27%), AVN (-7.69%), and PSEL (-7.35%).

In terms of index-point contributions, companies that dragged the index lower were MARI (-344.60pts), OGDC (-313.85pts), PPL (-262.37pts), ENGROH (-233.86pts), and UBL (-217.43pts).

Sector-wise, KSE-100 Index was let down by Oil & Gas Exploration Companies (-1042.23pts), Commercial Banks (-850.48pts), Cement (-353.78pts), Fertilizer (-268.22pts), and Inv. Banks / Inv. Cos. / Securities Cos. (-261.42pts).

Last week, the United States significantly raised tariffs on Pakistani exports, increasing rates from 4-5% to 29% under its reciprocal trade policy.

President Donald Trump announced the move as part of a broader strategy to address trade imbalances with multiple countries.

Under the new policy, Pakistan will now face a 29% tariff, mirroring its 58% tariff on US goods, as cited by the administration.

The baseline 10% tariff took effect on April 5, 2025, with additional rates applied to countries imposing higher trade barriers on American exports.

Internationally, equities fell sharply in response to Trump's Tariff announcements. 

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