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KSE-100 closes in red amid US-Iran tensions, sheds 1,742 points | The Express Tribune
Selling pressure concentrated in fertilisers, cement, banking sectors as geopolitical tensions subdue risk appetite
Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express
The Pakistan Stock Exchange (PSX) witnessed a volatile session on Monday with the benchmark KSE-100 Index closing sharply lower at 172,196 points, shedding 1,742 points (-1% day-on-day) as escalating geopolitical tensions dampened investor sentiment.
Market participants remained cautious following rising friction between the United States and Iran over a reported blockade, which Tehran termed illegal. The uncertainty kept regional risk appetite subdued and triggered volatility across financial markets, according to KTrade.
In the energy space, Brent Crude Oil opened firm near $97–98 per barrel before easing to around $95–96, contributing to a weak start at the exchange.
Read: With 4,000-point jump, PSX nears 174k mark
Early losses in the session were partially recovered but lacked sustained momentum. Selling pressure remained concentrated in fertilisers, cement, and banking stocks. Major index drags included Fauji Fertiliser Company (FFC), Habib Bank Limited (HBL), Hub Power Company (HUBC), Lucky Cement (LUCK), and Engro Holdings (ENGROH).
On the flip side, limited support came from United Bank Limited (UBL), National Bank of Pakistan (NBP), and Bank Alfalah (BAFL).
Trading activity remained robust, with volumes in the benchmark reaching approximately 597 million shares. Key volume leaders included Bank of Punjab, with 120 million shares, K-Electric with 85 million shares, and Pak Elektron Limited with 58 million shares.
Looking ahead, market direction is expected to remain highly sensitive to geopolitical developments, particularly with reports of an upcoming Iranian delegation visit to Pakistan. Oil price trends and evolving US-Iran relations will continue to guide investor sentiment, keeping a cautious outlook in the near term.
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Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India
Stock market recommendations: Bharat Electronics, and Colgate-Palmolive (India) have been recommended as the top stocks to buy today (April 24, 2026) by Bajaj Broking Research. Take a look at the target prices and expected returns:Bharat ElectronicsBuy in the range of ₹ 440.00-450.00
The stock is in structural up trend forming higher high and higher low in all time frame signaling strength and continuation of the uptrend. The entire up move of the last 8 months is in a rising channel as can be seen in the chart highlighting sustained demand at an elevated level.On the smaller time frame, the stock is at the cusp of generating a breakout above the bullish Flag like formation as post a sharp up move in the first 3 weeks of April the stock went into a consolidation phase in the last four sessions. It is seen resuming up move and is at the cusp of generating a breakout above the bullish Flag formation highlighting continuation of the up move and offers fresh entry opportunity.We expect the stock to extend the up move and head towards 495 levels in the coming months being the confluence of the 123.6% external retracement of the previous decline 473 – 400 and the upper band of the rising channel of the last 8 months.Colgate-Palmolive (India)Buy in the range of 2120-2160
The share price of Colgate-Palmolive has generated a breakout above bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity.We expect the stock to head higher towards 2330 levels in the coming months being the measuring implication of the bullish flag breakout.The daily 14 periods RSI is in buy mode thus supports the positive bias in the stock.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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