Pakistan Stock Market Bleeds
KSE 100 Index largely traded in negative zone during the trading session on account of continued profit taking by investors, as Index declined to close at 163,806 level (down by -0.39%).
Top negative contribution to the index came from MARI, UBL, HBL, POL & ENGROH, as they cumulatively contributed -681 points to the index
Traded value wise BOP (PKR.2.98bn), KEL (PKR.1.95bn), OGDC (PKR.1.68bn), PSO (PKR.1.07bn) and DGKC (PKR.1.04bn) dominated the trading activity
MLCF PA in the cement sector declared its 1QFY26 result announcement in which it posted consolidated EPS of Rs.2.6/share (up 2x YoY while down by 25% QoQ).
Traded value and volume for the day stood at 1.97bn shares and PKR.36.97bn/$131mn respectively
PSX 100 index opened on Friday in the morning while losing over 500 points or 0.31 in early trade. But it recovered soon and came out of the red tap.
On Thursday, the bears had swiftly regained control while dragging the benchmark down by 1,424 points from it’s intraday high to close at the 164,444 level, posting a decline of 1,241 points or 0.75%.
