Bears Take Lead as Tug of War Grips Local Bourse
The local bourse witnessed a tug of war between the bulls and bears today, with the index swinging to an intraday high of 657 points before slipping to an intraday low of 1,103 points.
Despite early attempts at a rebound, the bears ultimately seized control as the benchmark index closed at 160,935 — down by 752 points or 0.47%. With international markets trading in the red, the local bourse followed the global trend, while a lack of fresh positive news flows prompted investors to trim their positions and book profits, keeping sentiment cautious throughout the session.Stock Market Continues Gains
Index-heavy stocks including PIOC, POL, PSEL, DGKC, and PTC posted notable gains, collectively contributing 206 points to the benchmark. On the flip side, ENGROH, MEBL, BAHL, and UBL together dragged the index lower by 360 points.
Investor participation remained healthy, though activity moderated slightly, with total traded volumes easing to 1,543 million shares, while market turnover stood at Rs38.8 billion. WTL once again dominated the volume chart with 1,459 million shares traded.
