The Pakistan Stock Exchange (PSX) experienced a halt in its record rally on July 16, 2025, as investors took the opportunity to book profits following recent gains. The benchmark index fell by 562.67 points, or 0.41%, closing at 135,939.87.
The Tuesday decline came after a surge on Monday, during which the market reached an intraday high of 137,748 before starting to decline. While banking stocks initially led the way with gains, widespread selling pressure affected the market’s close. Despite this, reports of a potential US trade deal provided some optimism to investors.
Trading began positively, extending the momentum from the previous day. Banking heavyweights drove the index up 1,245 points to its peak by midday. 0 However, profit-taking kicked in during the afternoon. The index swung widely, hitting a low of 135,826 before settling down 563 points.
Read: KSE-100 Hits Record Highs Amid Economic Boost
Of the KSE-100 components, 27 stocks rose while 72 fell. Investor activity stayed strong, with 879 million shares traded valued at Rs 38.6 billion. 0 The Bank of Punjab topped volumes at 61.3 million shares.
PSX’s Top Performers and Drags on the Index
Positive contributors included:
- United Bank Limited (UBL): +2.7%
- Fauji Fertiliser Company (FFC): +0.73%
- Allied Bank Limited (ABL): +10%
- Pakistan Services and Engro Holdings
These added 564 points collectively. 0
Negative pressures came from:
- Meezan Bank: -2.62%
- Pakistan Petroleum Limited (PPL): -1.95%
- Hub Power Company (Hubco): -1.49%
- Oil and Gas Development Company Limited (OGDCL)
The recent dip in the market reflects a natural correction following previous highs. However, Arif Habib Limited (AHL) has noted progress by the finance ministry on a trade deal with the United States that aims to secure preferential tariffs. This framework, established in early July, aims to prevent a 29% tariff on Pakistan’s exports, which would result in an annual loss of approximately $5 billion. The agreement includes zero-tariff offers from Pakistan, with a particular focus on textiles and agriculture.
