General market participation was robust, as 1,066 million shares had been traded with a complete worth of Rs. 49 billion. KEL led the amount chart, with 195.8 million shares..Photograph: Specific
KARACHI:
The Pakistan Inventory Change (PSX) ended Friday’s session on a weaker be aware as geopolitical tensions with Afghanistan triggered early promoting, pulling the benchmark KSE-100 index down by 831 factors to shut at 168,062.
The index had plunged as a lot as 3,081 factors intra-day after stories that Pakistan focused terrorist outfits and their logistical help bases in Afghanistan, earlier than trimming losses later within the day. Heavyweight shares, notably United Financial institution, Fauji Fertiliser, Oil and Gasoline Improvement Firm, Pakistan Petroleum and MCB Financial institution, drove the majority of the decline, cumulatively shaving 658 factors off the index.
On the shut of buying and selling, the benchmark KSE-100 index posted a decline of 830.92 factors, or 0.49%, and settled at 168,062.17.
Topline Securities, in its market evaluation, famous that the KSE-100 opened on a adverse be aware and declined to the intra-day low of -3,081 factors (-1.82%). The negativity will be attributed to regional stress with Afghanistan, the place Pakistan carried out “exact operations, inflicting heavy losses on terrorist outfits”.
Some restoration was noticed later within the day as no additional escalation within the scenario was witnessed. The index settled at 168,062 (down 0.49%). The highest adverse contribution got here from UBL, FFC, OGDC, PPL and MCB as they cumulatively wiped off 658 factors.
Traded value-wise, NBP (Rs1.36 billion), MCB (Rs1.12 billion), PPL (Rs1 billion), The Financial institution of Punjab (Rs969 million) and Financial institution Alfalah (Rs905 million) dominated the exercise. Traded quantity and worth for the day stood at 536 million shares and Rs25.5 billion, respectively, Topline mentioned.
Arif Habib Restricted (AHL) famous that consolidation following the earlier session’s sharp surge, coupled with escalating tensions between Pakistan and Afghanistan, dragged the benchmark KSE-100 index down by 2.9% week-on-week and eight.75% month-on-month. The brokerage highlighted that geopolitical considerations intensified as China urged each nations to train restraint whereas pursuing diplomatic channels and Pakistan’s Defence Minister Khawaja Asif warned of “open warfare” with Afghanistan.
Regardless of the near-term stress, AHL emphasised that the tail-end of March sometimes marks the start of a seasonally bullish interval for the KSE-100. It added that following an virtually 15% drawdown, the index seems poised for a rebound in direction of the 175,000 stage, with sustained help above 165,000 more likely to underpin such a transfer.
Technically, the index presently trades about 5% beneath its 100-day transferring common however stays 7% above the 200-day transferring common, ranges the brokerage described as long-term accumulation zones.
On Friday, the market breadth remained adverse, with 34 advancing shares in opposition to 63 decliners. Amongst index movers, Financial institution Alfalah, Engro Holdings and Askari Financial institution had been the principle constructive contributors, whereas United Financial institution, Fauji Fertiliser and Oil and Gasoline Improvement Firm weighed on the benchmark.
AHL famous that the KSE-100 profitability – based mostly on 83% of index weight – grew 5.3% year-on-year in CY25, pushed by robust earnings enlargement throughout funding banking (+50%), auto assemblers (+44%), miscellaneous (+36%), textile composite (+31%) and cement (+24%), adopted by banks, oil and fuel advertising firms and different sectors, with modest progress in meals and fertiliser.
Shares of 472 firms had been traded within the prepared market. Of those, 161 shares closed increased, 257 fell and 54 remained unchanged.
Unity Meals was the amount chief with buying and selling in 50.3 million shares, shedding Rs1.18 to shut at Rs10.67. It was adopted by First Nationwide Equities with 36.2 million shares, gaining Rs0.02 to shut at Rs1.54 and BOP with 30.6 million shares, shedding Rs0.11 to shut at Rs31.70. Overseas buyers bought shares value Rs1.5 billion, the Nationwide Clearing Firm reported.
