The Pakistan Inventory Alternate (PSX) skilled its first corrective session of the brand new 12 months on Thursday, as traders engaged in profit-taking following a blistering 12,464-point rally throughout the preliminary 5 buying and selling days of 2026. The KSE-100 Index closed decrease at 185,543, down 976 factors (-0.52%).
Through the session, traders opted for revenue realization after the latest robust run-up, saidAli Najib, Deputy Head of Buying and selling at Arif Habib Ltd. The benchmark index initially touched an intraday excessive of 187,905 (+1,386 factors; +0.74%); nevertheless, promoting strain at greater ranges erased earlier positive factors, dragging the market into detrimental territory by shut.
On the diplomatic entrance, Pakistan and Saudi Arabia are reportedly in discussions to transform roughly $2 billion of Saudi loans right into a fighter jet deal, restricted to the supply of JF-17 Thunder plane. The full deal measurement is estimated at $4 billion, with a further $2 billion earmarked for gear past the mortgage conversion.
From a sectoral perspective, the federal government plans to decontrol the sugar sector as a part of structural reforms agreed with the IMF.
Heavyweight shares specifically ENGROH, UBL, MEBL, SYS, and PPL, confronted notable promoting strain, collectively shaving 986 factors off the index.
Regardless of the decline, market exercise remained sturdy, with traded quantity exceeding 1.4 billion shares and market turnover reaching Rs90.9 billion. AGHA led the amount chart, with 131.8 million shares traded.
Because the market heads into the ultimate session of the week, additional draw back can’t be dominated out, with the 184–185k zone prone to act as the primary assist stage.
