Futures Rollover Triggers Sell-Off At PSX
The Pakistan Stock Exchange (PSX) saw a volatile trading session on Monday as investors booked profits ahead of futures rollover, dragging the benchmark index down by nearly 700 points.
The KSE-100 index began on a strong footing, reaching 150,079.75 during early trade. However, heavy selling reversed gains, pushing the index to a session low of 148,757.13 before it closed at 148,815.30, down 0.45% or 677.75 points.
Analysts attributed the drop to the start of the rollover week, when traders square off expiring futures and take new positions. Research houses estimated that around Rs77 billion worth of contracts needed to be carried forward, contributing to nervous sentiment.
Currency Converter
Read More: PKR to dollar on August 15 2025 Rupee Holds Steady Amid Mixed Forex Movements
Automobile assemblers, banking, oil and gas exploration and marketing companies came under selling pressure. Index-heavy counters, including HUBO, MARI, OGDC, POL, PPL, SNGPL, SSGC and WAFI, all ended lower.
The losses followed a bullish week where the benchmark index climbed 2% on robust earnings and investor activity, touching an intraday peak of 151,262 points.
On the global front, Asian stocks gained as traders anticipated further US monetary easing. The MSCI Asia-Pacific index outside Japan rose 1.1%, supported by Chinese blue-chip shares climbing 1%. Japan’s Nikkei added 0.6%, South Korea’s Kospi gained 0.7% and Australia’s main index rose 0.4%.
