Market Loses Steam After a Lively Start to the Week
The market remained lackluster on Thursday, with sentiment weighed down by the absence of any major news flow.
After oscillating between an intraday high of 1,012 points and a low of 1,325 points, the KSE-100 Index eventually settled at 159,096, losing 481 points or 0.30%. With no clear drivers in sight, investors chose to stay cautious, leading to another session of muted trading and range-bound activity.
Losses were largely driven by UBL, MEBL, OGDC, MLCF, and ENGROH, which collectively eroded 285 points from the index. Conversely, PSEL, COLG, HUBC, AKBL, and PTC lent partial support, adding 236 points to the benchmark.
Read More: KSE-100 Index Sheds 1704 Points
Despite the bearish close, trading activity remained strong, with total volumes rising to 956 million shares and overall turnover reaching Rs. 30.4 billion. BML led the charts with 93 million shares traded.
