PSX Plummets Over 6,000 Points Amid Earnings Shock and Massive Sell-Off

Pakistan’s stock market faced a sharp sell-off as the KSE-100 Index plunged 6,042 points, or 3.21 percent, closing at 182,338 points amid intense selling pressure. The steep decline was primarily triggered by Fauji Fertilizer Company’s (FFC) earnings, which fell short of market expectations due to weaker gross margins. Investors’ anticipation of a stock split or bonus issue for FFC also went unmet, fueling panic selling and intensifying the market downturn.

Major blue-chip stocks such as FFC, UBL, ENGROH, OGDC, and HUBC led the losses, collectively erasing 3,155 points from the benchmark index. K-Electric (KEL) saw the highest trading volumes, with over 104 million shares changing hands, while other active counters included WTL, BOP, DSL, WAVESAPP, PTC, and SSGC.

Despite the sell-off, trading activity remained strong, with total market volumes reaching 925 million shares and a turnover of Rs. 66.2 billion, indicating that investors continued to actively engage in the market even amid heightened volatility. The sharp decline underscores the sensitivity of Pakistan equities to earnings results and unmet investor expectations, particularly among heavyweight stocks.