2 min read
The Pakistan Stock Exchange witnessed sharp volatility on Monday as the KSE-100 Index slipped below the 184,000 level, giving up early gains amid heavy selling pressure. The market’s reversal highlighted fragile investor sentiment following last week’s steep correction.
Trading opened on a positive note, with the benchmark index surging more than 1,500 points to touch an intraday high of around 184,697 points. The bounce followed a sharp fall in the previous session, when the index closed at 184,129 points, down 3,702 points.
However, the momentum proved short-lived. By mid-morning, aggressive selling pushed the index down to 183,102.61 points, marking a loss of 1,026.97 points, or 0.56%, from the previous close.
Key Sectors Under Pressure
Selling pressure was seen across major sectors, including Oil and Gas Exploration, Commercial Banks, Cement, and Automobile Assemblers. Heavyweight stocks such as OGDC, PPL, PSO, HBL, and NBP were among the leading decliners, weighing on overall market performance.
Analysts said the market’s failure to hold early gains reflects ongoing uncertainty over macroeconomic conditions and cautious investor positioning after the recent sharp sell-off. Technical experts noted that if the KSE-100 Index fails to close above 185,000 points, further consolidation toward the 182,100 support zone could be seen in the near term.
The session’s sharp swings once again underlined the challenges investors face in navigating Pakistan’s volatile equity market.
