Karachi, July 29, 2025 – The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Tuesday, as the benchmark KSE-100 index dropped by 1.02% day-on-day amid growing uncertainty over upcoming corporate earnings announcements.
The index closed at 137,965 points, losing 1,415 points from the previous day’s closing level of 139,280. Despite a strong start during early trading hours—when the KSE-100 index surged by as much as 950 points—investor sentiment turned bearish by mid-session, leading to intense selling pressure. The index hit an intraday low of 1,743 points before partially recovering but still ending deep in the red.
Analysts at Topline Securities noted that market participants were spooked by speculation around Engro Fertilizers (EFERT), amid expectations of lower-than-projected earnings and dividend payouts. The company’s financial results, which were expected today, were delayed until tomorrow morning—injecting further uncertainty into the market and prompting broad-based selling.
Heavyweights such as ENGROH, EFERT, UBL, HBL, and HUBC were among the top losers of the day, together eroding 833 points from the KSE-100 index. However, some positive momentum was observed in FFC, GHGL, and MEBL, which collectively added 190 points to the index.
Despite the downtrend, trading activity remained robust. Total market volume clocked in at 603 million shares, while the overall turnover stood at Rs. 32.6 billion. TELE emerged as the volume leader with 38.7 million shares traded.
Market observers believe that investor caution will likely persist until more clarity emerges from key corporate announcements. The broader market outlook remains sensitive to earnings results, macroeconomic indicators, and evolving geopolitical developments, all of which continue to steer the direction of the KSE-100 index.