Market Plunge: KSE-100 Down 1.93%
The Pakistan Stock Exchange (PSX) started June on a bearish note, with the KSE-100 plunging 3,362.61 points to close at 170,600.20, a decline of 1.93%. The sell-off snapped a positive streak, triggered by renewed US-Iran uncertainty, a spike in global oil prices, and domestic inflation. The index hit an intraday low of 170,396.85 as market cap fell to Rs18.876 trillion.
span class="">Heavyweights—including Engro Holdings, Fauji Fertilizer, Lucky Cement, OGDC, and PPL—dragged the index down by over 2,100 points. Market breadth was deeply negative, with 296 declines versus 168 advances. Trading volume rose 6.25% to 589 million shares, though value dropped to Rs31.9 billion, reflecting cautious participation. Analysts said inflation, which accelerated to 11.66% in May from 10.89% in April, further weighed on sentiment.