PSX 100 Index continues bleeding
The KSE-100 Index ended the session at 164,590 points, recording a decline of 1,962 points. The trading day remained notably volatile, reflecting mixed investor sentiment, as the index oscillated between an intraday high of 166,720 and a low of 164,395. The volatility was largely attributed to profit-taking ahead of the upcoming rollover week, coupled with disappointing financial results from Bank Al Habib and Bank Alfalah.
Among the major laggards, BAHL, HMB, LUCK, HUBC, and ENGRO collectively eroded 1,019 points from the benchmark index.
Despite the downturn, investor participation remained robust, with total traded volumes surging to 1,503 million shares, while market turnover stood at an impressive Rs. 49.4 billion.
PSX 100 index opened on Thursday while losing some points to 166505. It was down 0.03 percent.
The local bourse on Wednesday experienced a highly volatile session today, oscillating in both directions throughout the trading day. The KSE-100 Index posted an intraday high of 816 points and a low of 1,115 points before finally closing at 166,553, down 793 points or 0.47%.
The choppy performance reflected investors’ inclination to book profits on strength following the recent rally, as participants opted to secure gains amid mixed sectoral performance and a cautious tone prevailing in the market.
Losses were primarily driven by FFC, UBL, MCB, HBL, and FATIMA, which collectively shaved 647 points off the benchmark index. However, the downside was partially cushioned by gains in PPL, OGDC, PSX, BOP, and SNGP, which together added 306 points.
Investor activity remained robust, with total traded volumes surging to 1,567 million shares, while overall market turnover reached an impressive Rs. 55 billion. KEL led the volume chart with 241 million shares changing hands
