Share prices nosedive by over 5,200 points at Pakistan Stock Exchange
Pakistan Stock Exchange (PSX) began the new business week Monday on shaking grounds, extending the bearish run of the last week due to prevailing investor uncertainty, losing over 5,200 points a little while before close time, reported 24NewsHD TV channel.
The PSX’s benchmark KSE-100 index plunged by 5,209.50 points to drop to 174,394.23 points, marking a negative change of 2.99 percent.
Out of 565 active companies, 129 recorded gains, while 313 declined and 123 remained unchanged.
Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, HBL, MCB, MEBL and NBP, traded in the red.
An IMF delegation is scheduled to visit Pakistan in the final week of February 2026 to begin the third review of the $7 billion Extended Fund Facility (EFF).
The key objective of this meeting is to secure the next $1 billion tranche, with talks set to concentrate on fiscal targets and the upcoming 2026–27 federal budget.
Earlier on Friday, the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend, losing 908.92 points, a negative change of 0.50 percent, to close at 179,603.73 points.
During the session, the ready market recorded a trading volume of 708.968 million shares with a traded value of Rs 38.887 billion, against 873.996 million shares valuing Rs 41.766 billion in the previous session. Market capitalization declined to Rs 20.359 trillion from Rs 20.438 trillion a day earlier.
K-Electric Limited topped the volume chart with 131.137 million shares, followed by Pak Int. Bulk with 34.704 million shares and WorldCall Telecom with 33.828 million shares.
The top gainers included PIA Holding Company LimitedB, which rose by Rs 834.70 to close at Rs 18,694.99, and Unilever Pakistan Foods Limited, which gained Rs 354.50 to settle at Rs 27,254.50.
On the losing side, Sapphire Textile Mills Limited declined by Rs 66.32 to close at Rs 1,303.68, while ZIL Limited fell by Rs 48.75 to close at Rs 505.48.
Reporter: Kawish Memon