Bulls Hold Ground, But Conviction Lacks

The local bourse saw a two-way session, swinging between an intraday high of +2,324 points and a low of -669 points before settling at 150,016, up 837 points (+0.56%).

Support came from stable oil prices and positive regional markets; however, Volumes told the real story — activity stayed muted throughout the session, signaling that investors are still playing it safe and waiting for clearer direction before making aggressive bets.Stock Market Continues Momentum

Market participation remained low, with total traded volume reaching 260 million shares, while turnover stood at Rs. 17.20 billion. BOP led the volume leaders’ board, with trading exceeding 32 million shares.

Among index-heavy stocks, MCB, UBL, HUBC, PPL, and ENGROH emerged as key gainers, collectively adding 737 points to the index. On the flip side, HBL, NBP, DGKC, BOP, and FCCL weighed heavily on the market, cumulatively dragging 266points from the benchmark.