Markets Print edition: 2026-03-17

Stocks decline

Published March 17, 2026 Updated March 17, 2026 05:57am

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off on Monday as the benchmark KSE-100 Index plunged as investors remained wary due to persistent volatility in international oil prices and broader uncertainty in global markets.

The BRIndex100 closed at 16,640.83 points, which was 665.27 points or 3.84 percent lower than the previous close, with a total traded volume of 238.86 million shares. Similarly, the BRIndex30 closed at 58,802.30 points, down 2,071.87 points or 3.40 percent, with total traded volume of 152.93 million shares.

The KSE-100 Index closed at 149,178.66 points, registering a steep decline of 4,687.51 points or 3.05 percent compared with the previous close of 153,866.17 points. During the trading session, the index touched an intraday high of 153,943.70 points and slipped to a low of 148,747.72 points, reflecting intense selling pressure across the board.

According to Topline Securities, the benchmark KSE-100 Index remained under pressure throughout the trading day, with the market largely trading in negative territory as investors adopted a cautious approach amid ongoing volatility in international oil prices.

Market activity remained relatively subdued, reflecting limited investor participation. Among the major index-heavy constituents, Fauji Fertilizer Company, United Bank Limited, Engro Holdings, Hub Power Company, and Habib Bank Limited emerged as the key laggards and collectively dragged the benchmark index lower.

Overall market participation remained mixed. Total turnover in the Ready Market stood at 298.27 million shares, slightly lower than the previous session’s 303.01 million shares. However, traded value increased significantly to Rs20.18 billion compared with Rs14.69 billion in the previous session.

Meanwhile, total market capitalization declined to Rs16.825 trillion from Rs 17.329 trillion, reflecting a substantial erosion of investor wealth during the session.

In the Ready Market, 90 companies closed higher, 324 declined, and 60 remained unchanged out of 474 traded companies.

Among the most actively traded stocks in the Ready Market, K-Electric Limited led the volumes with a turnover of 18.42 million shares, closing at 7.27 compared with 7.59 in the previous session. National Bank of Pakistan followed with 17.86 million shares, closing sharply lower at 228.42 against 243.27 previously. Bank of Punjab recorded a turnover of 17.49 million shares to close at 26.56.

Among companies reflecting increases in share prices, Blessed Textiles Limited increased by 52.23 to close at 574.50, while Bhanero Textile Mills Limited increased by 50.00 to close at 910.00.

On the downside, PIA Holding Company Limited B decreased by 596.00 to close at 16,050.00, while Unilever Pakistan Foods Limited decreased by 438.84 to close at 24,217.38.

Sector-wise, the BR Automobile Assembler Index closed at 22,594.49 points, down 424.85 points or 1.85 percent, with a turnover of 956,443 shares. The BR Cement Index ended at 9,679.01 points, declining 360.12 points or 3.59 percent, with trading volume of 23.62 million shares.

The BR Commercial Banks Index closed at 51,372.64 points, losing 1,720.58 points or 3.24 percent, with total turnover of 48.22 million shares. The BR Power Generation and Distribution Index settled at 24,238.03 points, down 1,185.95 points or 4.66 percent, with trading volume of 40.34 million shares.

Similarly, the BR Oil and Gas Index closed at 13,064.26 points, reflecting a decline of 421.22 points or 3.12 percent, with turnover of 19.76 million shares, while the BR Technology and Communication Index ended at 3,214.28 points, down 8.01 points or 0.25 percent, with trading volume of 24.66 million shares.

The overall trading session underscored fragile investor confidence at the Pakistan Stock Exchange as global oil price volatility, cautious investor positioning, and persistent selling pressure in heavyweight stocks combined to drag the market sharply lower.

Copyright Business Recorder, 2026