KSE-100 Falls 318 Points Amid Oil Price Volatility

Pakistan stocks closed slightly lower as energy shares dragged the benchmark, while banking stocks offered partial support during cautious trading.

The benchmark KSE-100 Index closed the session at 155,858 points, registering a decline of 318 points. The market largely traded in a range-bound manner throughout the session as investors remained cautious amid continued volatility in international oil prices, which kept overall sentiment mixed.Pakistan Stock Market Bleeds

Major index-heavy stocks including United Bank Limited, Pakistan Petroleum Limited, Oil and Gas Development Company, Meezan Bank Limited, and Mari Petroleum Company Limited emerged as key laggards, collectively eroding approximately 634 points from the benchmark index during the trading session.

On the positive side, gains in Engro Holdings Limited, Bank AL Habib Limited, and Askari Bank Limited helped provide partial support to the market, adding a combined 577 points to the index.

Market participation remained moderate, with total traded volume reaching 441 million shares, while overall market turnover stood at approximately Rs. 24 billion. Among volume leaders, K-Electric Limited dominated the board with over 37 million shares traded.