KARACHI:
The Pakistan Inventory Change (PSX) endured a pointy bearish session on Friday, because the benchmark KSE-100 index closed at 179,603.73, down 908.91 factors or roughly 0.50% from the day past’s shut.
This decline prolonged a two-day correction, with cumulative losses exceeding 3,400 factors over the interval amid persistent promoting strain throughout main sectors.
Buying and selling commenced on a risky word, with the index dipping sharply intraday to as little as round 178,237 earlier than partial restoration in late periods. Heavy offloading was evident in banking, fertiliser, power (together with oil & gasoline exploration and advertising corporations), cement, and energy era shares.
Market turnover remained sturdy, with over 708 million shares traded valued at almost Rs39 billion, indicating lively participation regardless of the downturn.
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Analysts attributed the sell-off to profit-taking after the index’s robust run-up earlier in 2026 (peaking close to 191,000 in January), coupled with issues over overvaluation in choose counters and potential retail outflows if corrections deepen.
Topline market assessment said that persevering with its damaging momentum, KSE-100 Index largely traded within the damaging zone in the course of the buying and selling session to settle at 179,604 stage (down by -0.50%). This negativity available in the market might be attributed to ongoing outcomes periods, the place company outcomes have fallen in need of traders’ expectations.
The highest damaging contribution to the index got here from LUCK, UBL, OGDC, SYS, EFERT and ENGROH, as they cumulatively weighed down on the index by -685 factors.
Traded value-wise, OGDC (Rs4.1b), PPL (Rs3b), NBP (Rs2.7b), LUCK (Rs1.87b), ENGROH (Rs1.7b) and SYS (Rs1.55b) dominated the buying and selling exercise. Traded quantity and worth for the day stood at 706mn shares and USD.38.8mn, respectively.
