The Pakistan Inventory Change (PSX) ended the week on a bearish be aware, with the benchmark KSE-100 Index sliding 1,701 factors, or 1.09%, to shut at 154,440 on Friday.
The session started on a optimistic footing, however momentum light shortly as profit-taking set in, pushing the index beneath the important thing 155,000 stage.
Heavy promoting in index-heavy sectors—banks, fertilisers, energy, cement, and exploration and manufacturing—exerted downward stress. UBL, FFC, ENGROH, HUBC, LUCK, and OGDC collectively knocked off 970 factors from the benchmark, in keeping with Ali Najib, Deputy Head of Buying and selling at Arif Habib Ltd.
Additionally Learn: Govt seeks IMF nod for brand spanking new tax
Buying and selling exercise moderated, with volumes declining to 984.9 million shares, valued at Rs39.8 billion. FNEL led the chart with 61.9 million shares altering arms.
Regardless of Friday’s stoop, the KSE-100 managed to complete the week marginally optimistic, including 163 factors, or 0.11%. The index opened the week at 155,057, touched a file excessive of 157,817, and dipped to 154,360 earlier than closing at 154,440.
Analysts count on volatility to persist within the coming classes, as traders proceed reserving income. Nonetheless, the 154,000 stage is seen as a robust assist zone, offering some stability to the market.
