Bulls Lead Early Charge, But Volatility Keeps Investors on Toes
The local bourse opened on a strong positive footing, extending Wednesday’s upbeat momentum as the benchmark index surged to an impressive intraday high of 1,591 points. Mid-session volatility did emerge, trimming early gains and pulling the index down to an intraday low of 420 points — though it remained in positive territory throughout the day.Pakistan Stock Market Bleeds
Despite the fluctuations, the market held its ground and closed firmly in the green at 162,936, posting an increase of 710 points or 0.44%. The day’s movement reflected a tug of war between cautious bears attempting to cap the rally and resolute bulls defending the upward trajectory.
Index-heavy stocks including MARI, HUBC, OGDC, PPL, and SYS posted notable gains, collectively adding 476 points to the benchmark. On the flip side, MEBL, FFC, POL, and EFERT together shaved 100 points off the index.
Investor participation remained subdued, with total traded volumes at 725 million shares, while market turnover stood at Rs35.3 billion. BML once again dominated the volume chart with 103 million shares traded.
