Equity market retreats on weak oil, US tariffs concerns
“Stocks under pressure on bearish global equities and weak global crude oil prices," says analyst
July 09, 2025
- The KSE-100 Index closed at 132,576.98, down 826.21 points.
- It dropped to intraday low of 132,326.17, shedding 1,077.02 points.
- Index hit intraday high of 133,566.37, gaining 163.18 points, or 0.12%.
The capital market closed in the red on Wednesday as the bourse came under pressure from bearish global equities, weak crude oil prices, and concerns surrounding the outcome of US trade tariff decisions and tax compliance issues flagged by the Asian Development Bank (ADB).
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index settled at 132,576.98 points, down 826.21 points or 0.62%, from the previous close of 133,403.19.
During the session, the index touched an intraday high of 133,566.37 points, gaining 163.18 points or 0.12%, before plunging to a low of 132,326.17 points, reflecting a drop of 1,077.02 points, or 0.81%.
“Stocks under pressure on bearish global equities and weak global crude oil prices amid fears over outcome of US trade tariff," said Ahsan Mehanti, Managing Director and CEO of Arif Habib Commodities.
"Rupee instability, uncertainty over outcome of ADB concerns on FBR tax compliance played catalyst role in bearish activity at PSX,” he added.
In a separate development, the Securities and Exchange Commission of Pakistan (SECP) announced a record 35,000+ company incorporations in FY2025 — the highest ever for a single fiscal year. This milestone is attributed to the SECP’s ongoing digital transformation and corporate registry reforms.
As of March 3, 2025, all newly incorporated companies are required to issue shares in dematerialised form to prevent ownership disputes. The SECP is also aligning with the World Bank’s B-Ready framework, incorporating gender-disaggregated data and verifying Ultimate Beneficial Owners (UBOs).
Additionally, draft amendments have been floated to make UDIN mandatory for ICMAP members and extend cost audit regulations to the automobile sector.
On Tuesday, the benchmark KSE-100 Index edged up by 33.04 points, or 0.02%, to close at 133,403.19 points, compared to 133,370.15 in the previous session. The intraday high was recorded at 134,200.27 points while the low hit 132,696.36.
