Business

PSX Drops Over 3,600 Points Amid Security Fears After 27th Amendment

The Pakistan Stock Exchange (PSX) saw a sharp decline on Tuesday, with the KSE-100 index dropping 3,668 points (-2.27%) to close at 157,871, as investors reacted to heightened geopolitical tensions and a bomb blast in Islamabad.

The 27th Constitutional Amendment had recently passed, boosting market optimism initially. However, deteriorating security conditions and political uncertainty quickly weighed on investor sentiment, prompting aggressive profit-taking.

Trading Volume: Increased to 291 million shares from 225 million shares in the previous session.
Sector Impact: Commercial banks, oil & gas exploration companies, and cement sectors were the biggest losers, shedding a combined 1,721 points.
Top Volume Stocks: FNEL led with 77.17 million shares, followed by KEL (66.87M) and WTL (46.81M).

A market analyst commented,

“Despite legislative progress, external shocks and security concerns are currently overshadowing fundamentals, leading to short-term volatility.”

Top Traded Stocks

Scrip	Price (PKR)	High	Low	Change	Volume
FNEL	22.61	23.34	20.76	1.39	77,173,809
KEL	5.12	5.36	5.07	-0.22	66,868,941
WTL	1.70	1.79	1.68	-0.07	46,808,585
BOP	34.72	36.25	34.55	-0.91	45,558,123
AMTEX	5.49	6.0	5.0	0.41	31,156,638
PIAHCLA	32.1	32.1	29.95	2.92	30,644,804
HASCOL	14.88	15.95	14.75	-0.80	27,255,907

The decline underscores the sensitivity of Pakistan’s equity markets to security and political developments. Analysts advise investors to monitor geopolitical risks closely while maintaining a diversified portfolio.