KARACHI:
The Pakistan Inventory Trade (PSX) ended Thursday’s session with a slight dip as merchants stayed on sidelines amid a mixture of home and exterior pressures. The KSE-100 index gave up 150.52 factors, or 0.10%, to shut at 147,343.51, reflecting a transparent lack of route throughout every week dominated by contract rollovers.
Buyers remained cautious over dangers of flood injury to agriculture in Punjab and a muted development outlook signalled by the central financial institution. Softer crude oil costs internationally and rollover-linked volatility added to investor hesitation, protecting the general exercise in examine.
Arif Habib Corp MD Ahsan Mehanti commented that shares closed decrease amid investor fears of widespread flood losses in Punjab that threaten agricultural development. “Excessive leverage ranges and strain from futures contract rollovers in addition to falling international crude oil costs have been the catalysts for bearish shut on the PSX,” he mentioned.
KTrade Securities wrote in its market wrap that the PSX prolonged its consolidation section, closing barely decrease amid volatility and futures rollover strain. The index fell 151 factors to shut at 147,344, after briefly hitting the intra-day excessive of 148,042.
Sentiment remained cautious, with promoting throughout key sectors like banking and fertiliser. Main laggards included Habib Financial institution, Fauji Fertiliser, Financial institution AL Habib, Faysal Financial institution, Methods Restricted and MCB Financial institution. On the optimistic aspect, selective shopping for in Sazgar Engineering, Fortunate Cement and United Financial institution helped limit losses, it mentioned.
Investor issues have been additional fuelled by ongoing flooding in components of Pakistan, elevating fears of disruption to financial exercise. Mixed with rollover-linked volatility, the market is anticipated to stay vary sure within the close to time period, KTrade famous.
JS World analyst Mohammed Waqar Iqbal mentioned that the benchmark index remained unstable and ended the day almost flat. The uneven commerce was primarily pushed by the rollover week exercise, whereas investor sentiment was additionally barely dampened by issues over potential flood dangers in components of Punjab. Main drags have been business banks, fertiliser and energy technology sectors, which shaved 532 factors off the index, he mentioned.
Arif Habib Restricted (AHL) noticed that the PSX registered the longest run of consecutive losses since Could 2025 with the KSE-100 nonetheless making an attempt to carve out a “swing low” across the 147.5k stage.
Some 51 shares rose whereas 47 fell, the place Sazgar Engineering (+10%), Fortunate Cement (+0.88%) and United Financial institution (+0.41%) contributed probably the most to index good points. On the flip aspect, Habib Financial institution (-2.6%), Fauji Fertiliser (-0.91%) and Financial institution AL Habib (-2.21%) have been the largest drags.
Amongst main financial information, AHL identified, the finance minister forecast that August inflation can be within the vary of 4-5% and flood damages might exert fiscal strain and disrupt meals provides.
In company bulletins, Faysal Financial institution (-5.32%) posted 1HCY25 earnings per share (EPS) of Rs6.87, down 23% year-on-year (YoY), and dividend per share of Rs3. Moreover, DG Khan Cement (+1.73%) reported FY25 EPS of Rs19.8, up 15 occasions YoY, and dividend per share of Rs2, AHL added.
General buying and selling volumes elevated to 935.5 million shares in contrast with Wednesday’s tally of 856.7 million.
Shares of 474 corporations have been traded. Of those, 238 shares closed increased, 201 dropped and 35 remained unchanged. Tempo (Pakistan) topped the volumes chart with buying and selling in 71.5 million shares, rising Rs1 to shut at Rs8.06. It was adopted by Financial institution Makramah with 66 million shares, including Rs0.52 to shut at Rs5.81 and Pak Elektron with 51.2 million shares, gaining Rs1.77 to shut at Rs46.83. International buyers purchased shares value Rs340.2 million.
