Local Bourse Blows Hot and Cold Amid Lack of Triggers
After Tuesday’s decline, the market opened on a positive note; however, the optimism was short-lived as the index came under pressure before turning positive again.
The local bourse witnessed a day of mixed fortunes as the KSE-100 Index swung between an intraday high of 164,500 points and a low of 166,600 points, finally closing at 158,183 points, up 313 points (0.20%). Despite the modest gain, trading lacked decisive triggers, leaving investors cautious as the market oscillated throughout the session.Pakistan Stock Market Bleeds
Index-heavy stocks including FFC, PSEL, PPL, UBL, and KTML were among the major gainers, collectively contributing 777 points to the benchmark. On the flip side, LUCK, HBL, SYS, and OGDC together shaved off 303 points.
Despite the consolidation, market participation remained low, with trading volumes surging to 755 million shares and the total turnover expanding to Rs. 33 billion. FNEL emerged as the volume leader with 89 million shares exchanging hands.
