KSE 100 Index Crashed

Staff Report

Islamabad: Due to India’s war against Pakistan, the stock market crashed on Wednesday when it opened trading and was down 5%. The market lost 6560 points at open; later, it recovered and was down 2360 points.

Pak stocks after falling sharply by 6% at open, have recovered and is down 1% now. Many believe that after this, there will be no major escalation between the two neighbours and dust will eventually settle down. Investors seem optimistic about the upcoming IMF board meeting, which will decide on the loan tranche for Pakistan,” Muhammad Suhail, CEO of Topline, said.

The trading session on Tuesday opened on a buoyant note on Tuesday, as investor sentiment was lifted by a much-anticipated 100bps policy rate cut by the State Bank. Riding this wave of optimism, the benchmark index surged to an intraday high of 990 points. However, the early celebrations were short-lived.

As the day progressed, profit-taking emerged across key sectors, gradually eroding the morning gains. The index ultimately succumbed to selling pressure, hitting an intraday low of 683 points and closing the session at 113,568 level — down by 533 points or 0.47%.

The reversal in market trajectory was primarily driven by renewed geopolitical tensions between Pakistan and India, which unsettled investors and overshadowed the central bank’s dovish stance.KSE 100 Index Trade in Positivie Zone

Key heavyweight stocks that provided upward support included PPL, OGDC, PSO, UBL, and SYS, which cumulatively contributed +275 points to the index. On the other hand, notable laggards such as LUCK, HMB, HUBC, EFERT, and BAHL collectively shaved -427 points, weighing heavily on overall performance.

Traded volume stood at 419 million shares, with a total traded value of PKR 23.68 billion. SSGC emerged as the volume leader, with 54 million shares changing hands.