PSX, Stock Market, Rollover Week, Investor Sentiment
The local bourse kicked off rollover week on a volatile footing, as profit-taking spells weighed on sentiment.
The benchmark index swung sharply, hitting an intraday high of 812 points before slipping to a low of 791 points, and eventually closed at 157,554 — down 482 points or 0.31%.
Caution also stemmed from a rise in the MTS rate to 17.10, indicating tighter conditions for leveraged investors.
With rollover activity in focus, volatility is expected to stay elevated in the sessions ahead.
On the sectoral front, PSO, HUBC, OGDC, and GLAXO collectively added +408 points to the index, while heavyweights UBL, ENGROH, MEBL, FFC, and LUCK dragged it down by -660 points.
In terms of value traded, PSO (PKR 6.96bn) led the charts, followed by BOP (PKR 3.41bn), OGDC (PKR 2.74bn), PPL (PKR 2.24bn), and TRG (PKR 2.20bn).
Overall activity remained muted versus the previous session, with volumes settling at 1,664 million shares and total traded value at PKR 60.8bn.
KEL topped the volume board with 236 million shares changing hands.