PSX Shares Drop 800 Points – Intraday Trade
- The Pakistan Stock Exchange (PSX) faced a downturn Monday, with shares dropping more than 800 points during intraday trading.
- Mohammed Sohail, chief executive of Topline Securities, attributed the decline in part to the delayed budget announcement and a lack of clarity regarding International Monetary Fund (IMF) conditions....
- Farooq, director of research at Chase Securities, noted that the market is consolidating ahead of the budget.
The Pakistan Stock Exchange (PSX) felt the heat as shares plummeted over 800 points in intraday trading today. The KSE-100 index tumbled 886 points, signaling investor unease. This meaningful drop stems from the delayed budget proclamation and swirling uncertainty surrounding the International Monetary Fund (IMF) stipulations, causing many too pull back. Market analysts pinpoint the budget delay, now set for June 10, and the impact of unresolved issues with the IMF as key drivers of this downturn. Pressure on the oil sector adds to the market’s woes. Yousuf M.Farooq expects a rebound once clarity emerges on budgetary measures. News Directory 3 helps you stay informed.Discover what’s next regarding the negotiations between Pakistan and the IMF, and how this impacts your investments.
Pakistan Stock Exchange Falls Amid Budget Delay, IMF Concerns
Updated may 26, 2025
The Pakistan Stock Exchange (PSX) faced a downturn Monday, with shares dropping more than 800 points during intraday trading. The benchmark KSE-100 index decreased by 886.10 points, or 0.74 percent, settling at 118,216.57 as of 1:13 p.m.
Mohammed Sohail, chief executive of Topline Securities, attributed the decline in part to the delayed budget announcement and a lack of clarity regarding International Monetary Fund (IMF) conditions. This uncertainty has prompted investors to reduce their market exposure.
Yousuf M. Farooq, director of research at Chase Securities, noted that the market is consolidating ahead of the budget. Pressure on the oil sector also contributed to the decline, following media reports of disagreements with the IMF over circular debt resolution.
“We expect a rerating to the upside once there is clarity on key budgetary measures,” Farooq said.
The government postponed the federal budget unveiling from June 2 to June 10 due to ongoing discussions with the IMF regarding taxation and fiscal policies. Sources indicated that the IMF mission held multiple discussions with Finance Minister Muhammad Aurangzeb.
Last Friday, the stock market experienced renewed selling pressure, leading to a close in the red as investors adjusted their positions amid concerns about an IMF-driven budget. This contrasts with the previous week when the KSE 100 index saw a notable recovery.
What’s next
Market participants anticipate a potential upswing once the budgetary measures are clarified, as stakeholders await further developments in negotiations between Pakistan and the IMF.