The Pakistan Stock Exchange (PSX) concluded Monday’s trading session on a cautious note as the benchmark KSE-100 Index closed at 188,587.66 points, registering a decline of 579.16 points (-0.31%). Despite touching a historic milestone by briefly crossing the 190,000 level, the index retreated due to profit-taking in key sectors.

Market activity remained volatile throughout the session, with the index moving within a wide intraday range of 2,764 points. The benchmark recorded an intraday high of 191,032.73 points, while the day’s low stood at 188,268.38 points, reflecting mixed investor sentiment.

Trading volumes remained healthy, with 449.79 million shares exchanged in the KSE-100 Index, while overall market participation stayed active. However, market breadth leaned negative as 67 index companies closed lower, 31 advanced, and 2 remained unchanged.

Selling pressure was observed mainly in cement, fertilizer, banking, and oil & gas exploration stocks, which dragged the index lower. Major laggards included PIOC, FATIMA, PIBTL, PAEL, and PSEL, as investors locked in gains after recent rallies.

On the positive side, select stocks provided support to the index. SAZEW, JVDC, SSOM, MTL, and KEL emerged as top gainers, supported by buying interest in technology, automobile assemblers, and property-related stocks.

In terms of index-point contribution, MEBL, ENGROH, PIOC, FATIMA, and LUCK were the biggest drags on the benchmark. Meanwhile, SAZEW, SYS, MTL, JVDC, and FFC helped cushion the downside.

Sector-wise, the index was weighed down by Oil & Gas Exploration Companies, Cement, Commercial Banks, Investment Companies, and Fertilizer. Conversely, Automobile Assemblers, Technology & Communication, Property, and Food & Personal Care Products offered limited support.

In the broader market, the All-Share Index closed at 112,503.18 points, down 306.47 points (-0.27%). Total market volume stood at 870.45 million shares, while traded value declined to Rs57.20 billion.

Despite the day’s correction, the market’s long-term outlook remains strong. The KSE-100 Index has gained 62,960 points (50.12%) during the ongoing fiscal year, while it is up 14,533 points (8.35%) in the calendar year so far, highlighting sustained bullish momentum amid short-term volatility.