Bears Tighten Grip on the Bourse
The KSE-100 Index concluded the trading session on a downbeat note, closing at 157,870 points, marking a sharp decline of 3,667 points. Throughout the day, the benchmark index exhibited pronounced volatility, swinging between an intraday high of 161,516 and a low of 157,765.
Read More: KSE-100 Rebounds 0.31% as Remittances Boost Sentiment
Investor sentiment turned distinctly bearish amid rising geopolitical tensions triggered by the recent bomb blasts in India and Islamabad, Pakistan, which rattled market confidence and prompted broad-based selling pressure.
Heavyweight constituents — ENGRO, OGDC, HUBC, FFC, and LUCK — emerged as the primary drags on the index, collectively wiping off approximately 999 points from the benchmark.
Despite the negative trajectory, market participation remained vibrant, with trading volumes surging to 834 million shares and the total turnover expanding to Rs. 38 billion.
