Pakistan Inventory Alternate (PSX) witnessed a deeply unstable session, as sustained promoting stress overshadowed early positive factors and dragged the benchmark KSE-100 index sharply decrease.
The market opened on a comparatively agency be aware, with the index climbing to an intra-day excessive of 174,336.86 factors throughout early buying and selling hours. Nevertheless, the constructive momentum proved short-lived as profit-taking emerged at larger ranges, sending the index downward amid heavy jitters.
Investor confidence remained fragile all through the session, weighed down by escalating geopolitical strains, uncertainty forward of the forthcoming IMF evaluation, and uneven company earnings outlooks.
Because the day progressed, promoting stress intensified throughout key index-heavy sectors. The index continued to float decrease by way of noon, reflecting cautious positioning and a scarcity of robust shopping for curiosity. Within the ultimate buying and selling hour, the market skilled accelerated promoting, pushing the benchmark to an intra-day low of 166,886.63 factors.
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Broad-based weak spot was noticed throughout main sectors as traders lowered publicity amid prevailing macroeconomic and geopolitical uncertainties. The cautious temper was additional amplified by positioning forward of the IMF overview, a key near-term set off for market path.
By the shut, the KSE-100 index tumbled 5,478.63 factors, or 3.16 per cent, to settle at 167,691.08.
On the company entrance, Oil & Gasoline Improvement Firm Restricted (OGDC) introduced its highest-ever dividend for any first half, declaring Rs7.8 per share for 1HFY26. Whereas the announcement mirrored robust monetary efficiency and wholesome money flows, it was inadequate to offset the broader market downturn.
“Regardless that some geopolitical tensions have eased, danger urge for food stays fragile. Markets are nonetheless pricing uncertainty. Buyers don’t look ahead to inflation prints, commerce disruptions or macro knowledge to substantiate the injury — they promote first on heightened geopolitical danger, uncertainty and risk-off flows,” JS World Head of Analysis Waqas Ghani mentioned.
Topline Securities famous that the KSE-100 index concluded the session at 167,691 factors, registering a decline of 5,478 factors amid persistent volatility. Through the buying and selling day, the index fluctuated inside a variety of 174,336 to 166,886 factors, largely influenced by rollover-week dynamics.
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Index-heavy constituents together with Fauji Fertiliser Firm, Fortunate Cement, Engro Holdings, Nationwide Financial institution of Pakistan and Habib Financial institution Restricted emerged because the principal laggards, collectively dragging the benchmark down by 1,797 factors. Regardless of the decline, 461 million shares had been traded with a turnover of Rs24.9 billion, Topline added.
General buying and selling quantity decreased to 461.2 million shares in contrast with the earlier week’s shut of 537.6 million. Shares of 479 corporations had been traded. Of those, 42 shares closed larger, 389 fell and 48 remained unchanged. Ok-Electrical was the amount chief with buying and selling in 36 million shares, falling Rs0.37 to shut at Rs7.66.
