KARACHI: The Pakistan Stock Exchange (PSX) KSE-100 Index closed at 147,344 points on Thursday, down 151 points or 0.10 per cent by the end of the trading session.
The market witnessed intraday swings, touching a high of 148,042 points amid persistent rollover-related pressure.
Support from SAZEW, LUCK and UBL contributed 206 points, but this was offset by declines in HBL, FFC, BAHL, FABL and SYS, which together pulled the index down by 477 points. Commercial banks, fertilizer, and power generation and distribution stocks were the major laggards, collectively shaving 529 points.
Trading activity remained robust, with volumes at 934 million shares and turnover of Rs33 billion.
“Stocks closed lower amid investor fears of devastating flood losses in Punjab that threaten agricultural growth, alongside SBP’s hints at thin FY26 growth,” said Ahsan Mehanti, CEO at Arif Habib Corp. He added that high leverage, futures rollover pressure, and falling global crude prices played a catalytic role in the bearish close.
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The session remained volatile as selective buying in cement and banking stocks briefly lifted the index, but profit-taking in later hours erased gains.
Pearl Securities noted that despite the marginal decline, overall activity improved as investors shifted focus to second- and third-tier scrips.
“The choppiness was largely due to the ongoing rollover week, while flood risks in parts of Punjab also weighed on sentiment,” Ismail Iqbal Securities said.
Meanwhile, gold prices in Pakistan continued their upward march on Thursday, extending a week of steady gains that brought the total rise to Rs2,800 per tola in just four trading sessions. The increase mirrored trends in the international market, where prices also showed a positive momentum.