Bulls Fade as Bears Take Charge Amid Rollover Pressure
The local bourse blew hot and cold on Tuesday as the KSE-100 Index witnessed a dramatic tug-of-war between the bulls and the bears. The session opened on a strong note, with the bulls marching ahead in the first half and lifting the index to an intraday high of +1,216 points.
However, momentum quickly faded as the bears regained control in the latter half, dragging the benchmark to an intraday low of -2,358 points before closing at 160,101, down 2,062 points or 1.27%.Pakistan Stock Market Bleeds
The mixed performance was largely attributed to the ongoing futures rollover week and a spate of corporate earnings announcements, which kept investors cautious and triggered profit-taking across key sectors. Market participants now look toward the upcoming results and rollover adjustments for near-term direction.
Losses were mainly driven by HUBC, MEBL, HBL, OGDC, and UBL, collectively shaving off 585 points from the index. On the flip side, LUCK, PSEL, SRVI, BAHL, and TRG provided some support, contributing a combined 171 points to the benchmark.
Despite the downward trend, market participation remained robust, with total traded volumes rising to 1,014 million shares and overall turnover reaching Rs. 36.7 billion. K-Electric (KEL) led the volume charts with 94.5 million shares changing hands.
