PSX Suffers Worst Intraday Crash, Plunges to Record Low of 8,687 Points Amid Global Sell-Off
ISLAMABAD: A brutal day at the Pakistan Stock Exchange (PSX) as the market mirrored the global sell-off, opening on a sharply negative note and experiencing relentless selling pressure throughout the day. The benchmark index nosedived to an intraday low of 8,687 points, registering the largest intraday point-wise drop in PSX history.
While this decline set a new record in absolute terms, it was not the steepest in percentage terms. The most severe single-session percentage fall remains the 12.4% drop on June 1, 1998.
In response to the extreme volatility, trading was temporarily halted for one hour, triggered by the KSE-30 index falling more than 5% for five consecutive minutes, activating the market’s circuit breaker mechanism.
However, some stability returned during the later hours as value hunters stepped in, helping the index recover part of the losses. The session eventually closed at 114,909 points, down by 3,882 points or 3.27%.SECP Proposes RTP for Public Unlisted Companies at PSX
The major drag on the index came from ENGROH, OGDC, PPL, HUBC, and PSO, which collectively contributed a negative impact of 1,247 points.
Traded value wise PSO (Rs.4.2bn), MARI (Rs.2.73bn), OGDC (Rs.2.45bn), MLCF (Rs.1.92bn) and HUBC (Rs.1.89bn) dominated the trading activity.
Total market participation remained robust, with a traded volume of 702 million shares and a traded value of Rs. 42.7 billion.
