Pakistan Stock Market Continues Bleeding
KSE 100 index closed at 165,266.74, facing a decline of 0.55 percent to 907 points on Wednesday.
The market remained under pressure as bearish sentiment prevailed throughout the session.
The KSE-100 index kicked off on a strong note, surging by 773 points in early trade. However, the upward momentum quickly faded as institutional profit-taking gained pace.
The index dropped sharply, hitting an intraday low of 1,063 points, and eventually closed at 165,266 — down 907 points or 0.55%.
The day’s downturn was mainly driven by aggressive selling from local institutions and insurance companies, as suggested by NCCPL data from the previous session. This wave of profit-taking erased earlier gains and pulled the market into negative territory.
Major draggers included UBL, FFC, LUCK, MARI, and BOP, which together shaved off 944 points from the index. On the other hand, selective support came from SYS, BAFL, and MCB, which collectively contributed 470 points.
Despite the decline, trading activity remained robust. Total volume reached 1.27 billion shares, while traded value stood at PKR 61 billion. PTC led the volumes chart with 114 million shares.
Pakistan Stock Market continues bleeding and dropped by 674 points in opening hours of trading on Wednesday.
KSE 100 index dropped by 0.41 per cent at 9:45 am to 165499 points.
The companies which suffered included auto companies like Gandhara, Hinopak.
