PSX Closing Bell: This is War

April 30, 2025 (MLN): Amidst rising tension between Pakistan and India, the benchmark KSE-100 Index concluded Wednesday's trading session at 111,326.57, showing a decrease of 3,545.61 points or 3.09%.

Investors are concerned about the possibility of Indian military action against Pakistan. These fears have escalated following recent statements by the Information Minister, which have intensified uncertainty.

According to reports, the market has been under strain after the Information Minister's announcement, suggesting that India might take military action within the next 24 to 36 hours.

Earlier, the Information Minister revealed that "credible intelligence" reports indicated India was planning military action against Pakistan in the coming days, citing the ongoing tensions after the Pahalgam attack in occupied Kashmir.

India had blamed Pakistan for the attack, although no evidence was presented. India had also granted its military operational freedom to respond to the incident.

In his remarks, the Information Minister stated that Pakistan had intelligence confirming India's intentions to strike in the next 24-36 hours, based on unfounded accusations regarding Pakistan's involvement in the Pahalgam attack. He strongly rejected India’s unilateral approach and labeled it "reckless."

The index traded in a range of 3,434.28 points showing an intraday high of 114,066.12 (-806.06) and a low of 110,631.84 (-4,240.34) points.

The total volume of the KSE-100 Index was 254.49 million shares.

Of the 100 index companies 9 closed up, 90 closed down, while 1 were unchanged.

Top losers during the day were AGP (-10.00%), NML (-9.89%), CNERGY (-9.22%), KTML (-7.53%), and KOHC (-7.41%).

On the other hand, top gainers were POML (+10.00%), AKBL (+4.75%), PKGP (+4.46%), JDWS (+1.89%), and UPFL (+1.60%).

In terms of index-point contributions, companies that dragged the index lower were LUCK (-319.02pts), ENGROH (-251.01pts), UBL (-204.95pts), PPL (-188.73pts), and FFC (-168.91pts).

Meanwhile, companies that added points to the index were AKBL (+25.54pts), PKGP (+24.65pts), JDWS (+4.47pts), SNGP (+4.26pts), and UPFL (+3.83pts).

Sector-wise, KSE-100 Index was let down by Commercial Banks (-713.56pts), Cement (-556.12pts), Oil & Gas Exploration Companies (-514.62pts), Fertilizer (-315.80pts), and Inv. Banks / Inv. Cos. / Securities Cos. (-264.42pts).

While the index was supported by Sugar & Allied Industries (+4.47pts), Vanaspati & Allied Industries (+1.67pts), Synthetic & Rayon (+0.00pts), Leasing Companies (-0.11pts), and Woollen (-0.13pts).

In the broader market, the All-Share Index closed at 69,423.49 with a net loss of 2,085.97 points or 2.92%.

Total market volume was 490.95 million shares compared to 409.93m from the previous session while traded value was recorded at Rs31.12 billion showing an increase of Rs2.06bn.

There were 323,406 trades reported in 457 companies with 60 closing up, 352 closing down, and 45 remaining unchanged.

To note, the KSE-100 has gained 32,882 points or 41.92% during the fiscal year, whereas it has decreased 3,800 points or 3.30% so far this calendar year.

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