May 08, 2025 (MLN):  Pakistan Stock Exchange halted on Thursday as the benchmark KSE-100 Index plummeted by 6,948.72 points, or 6.32%, at 103,060.30 on heightened geopolitical tensions triggered a wave of panic selling across the board.
The sharp decline came after reports surfaced of escalating conflict between India and Pakistan, with Indian drones reportedly intercepted in Karachi and Lahore. The market reacted swiftly, with investors rushing to dump shares amid fears of a full-blown military confrontation.
Trading volumes surged as the news broke, and heavy sell-offs were witnessed across all key sectors, with defense-related uncertainties adding to investor anxiety.
Analysts warned that continued conflict could further rattle investor confidence and drag the market down further in the coming sessions.
The index traded in a range of 8,825.85 points showing an intraday high of 111,881.02 (+1,872.00) and a low of 103,055.17 (-6,953.85) points.
The total volume of the KSE-100 Index was 147.51 million shares.
Top losers during were CNERGY (-13.37%), PIBTL (-11.15%), MLCF (-10.00%), AGP (-10.00%), and TRG (-10.00%).
On the other hand, top gainers were PGLC (+6.47%), RMPL (+1.98%), FHAM (+1.18%), MEHT (+1.13%), and TPLRF1 (+0.96%).
In terms of index-point contributions, companies that dragged the index lower were UBL (-537.21pts), FFC (-508.25pts), MARI (-472.94pts), ENGROH (-457.40pts), and OGDC (-423.18pts).
Meanwhile, companies that added points to the index were RMPL (+5.38pts), TPLRF1 (+4.78pts), MEHT (+2.60pts), FHAM (+0.79pts), and PGLC (+0.44pts).
Sector-wise, KSE-100 Index was let down by Commercial Banks (-1277.45pts), Oil & Gas Exploration Companies (-1237.93pts), Cement (-822.53pts), Fertilizer (-636.94pts), and Inv. Banks / Inv. Cos. / Securities Cos. (-492.54pts).
Copyright Mettis Link News
Posted on: 2025-05-08T12:39:54+05:00
