Stock Market Recovers But Ends in Bleeding Again
Stock market started bleeding in the opening hours of trading on Friday but it recovered in the mid-day trading. However, ends by losing 1431.61 points or 0.88 percent to 163098.19.
KSE 100 Index declined by -3.48% on WoW basis, this pressure during the outgoing week can be attributed to: news during the start of the week that IMF has sought clarity on $11bn trade data gap (however later clarification by SBP eased investor`s concern), selling by insurance sector during the week (net sell of $25mn as of yesterday`s close) and risk in increase in regional tension with Afghanistan following blast in Kabul on Thursday.
Other major developments during the outgoing week were: Pakistan’s remittances for the month of Sep 25 coming in at US$3.18bn (up by 11% YoY & 1% MoM) and Pakistan Car sales (as reported by PAMA) for Sep 2025 clocking in at 17,174 units (up by 67% YoY and 22% MoM).
Investor participation during the outgoing week stood at 1.35bn shares (down by 8.8% on WoW) and PKR.54.8bn (down by 24% WoW) respectively.
Earlier, stock Market opened on Friday with bleeding again by losing 1561 points. During a few last days, it continues bleeding due to profit taking and following completion of IMF review in Pakistan.
At 9:34 am, it was hovering at 162969.46 by losing 1561 points or 0.78 percent.Pakistan Stock Market Continues Bleeding
Major sectors which have suffered included auto, cement, banks, steel industry and oil and gas.
On Thursday, the local bourse had opened on a strong footing, with the benchmark KSE-100 index surging to an intraday high of 1,463 points amid improved investor sentiment. Optimism prevailed after reports that the IMF had shared the draft Memorandum of Economic and Financial Policies (MEFP) with the Ministry of Finance.
Confidence further strengthened following Finance Minister Muhammad Aurangzeb’s statement that Pakistan has met all IMF targets and that a staff-level agreement is expected soon once the MEFP is signed.
However, the early optimism proved short-lived as heavy selling from local institutions and foreign corporates eroded gains, pulling the index down to an intraday low of 959 points. The benchmark eventually settled at 164,530, down by 735 points or 0.45% by the session’s close.
PTC attracted strong investor interest, closing in the green with 119mn shares traded, after Topline Securities released a research report assigning the stock a fair value of Rs65.
Major draggers included HBL, UBL, NBP, SYS, and BAFL, which collectively wiped out 639 points from the index. Conversely, selective buying in MCB, LUCK, and ENGRO contributed 317 points, providing some cushion to the benchmark.
Despite the decline, trading activity remained robust, with total volumes clocking in at 1.56 billion shares. Traded value, however, declined to PKR 50.4 billion. KEL led the volume chart with 278 million shares changing hands.
