PSX Market Wrap – KSE-100 Falls by 1,579 Points Amid Broad-Based Selling

The Pakistan Stock Exchange witnessed a volatile session today as the benchmark KSE-100 Index dropped by 1,579 points, closing at 166,174. The index touched an intraday high of 168,519 and a low of 165,997, with total traded volume reaching 630 million shares and a turnover of approximately PKR 41.7 billion.

Major index laggards included HUBC (-3.8%), Engro Fertilizers (-2.7%), Lucky Cement (-3.1%), UBL (-1.4%), and Mari Petroleum (-2.2%), collectively pulling the index lower by over 900 points.

Activity remained concentrated in PTC and BOP, which led volumes with 180.6 million and 134.7 million shares, respectively.

Heavy selling was observed across the OMC, E&P, Power, and Cement sectors, while Banks and Fertilizers showed mixed performance.

Market sentiment remained cautious as investors opted for profit-taking amid recent highs. Despite short-term pressure, analysts expect the broader outlook to stay positive, supported by the upcoming earnings season and potential strong dividend announcements from Banks and Fertilizers.

Investors are advised to focus on fundamentally strong sectors such as E&Ps, OMCs, Fertilizers, and Banks, which continue to offer stable returns and long-term growth potential.