KARACHI: The Pakistan Stock Exchange (PSX) blew hot and cold in Tuesday’s trading session, swinging between extremes before settling almost flat, analysts said.
The benchmark KSE-100 Index touched an intraday high of 830 points and a low of 673 points, ultimately closing at 133,403 — up by a modest 33 points or 0.02%.
After a strong streak of consecutive gains, the market paused for breath, with sector-wise profit booking taking centre stage. Investors opted to lock in recent gains, leading to a mixed session that saw volatility across the board, Topline Securities stated.
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Positive sentiment was supported by broader developments including the launch of a USD 500 million loan program by the SBP and ADB to boost women-led businesses, a 7.22% YoY increase in textile exports, and the early retirement of Rs1.5 trillion in public debt during FY25, Al Habib Capital Markets said.
However, profit-taking in highly leveraged stocks limited further gains in the benchmark index.
The KSE-100 index exhibited a volatile trading pattern during the session, initially undergoing a corrective phase in early hours before staging a notable recovery to breach the historic 134k pts threshold for the first time, Pearl Securities stated.
However, the upward momentum proved unsustainable as profit-taking pres-
sure emerged in the final hours, resulting in the index concluding the session on a flat note, it added.
On the leaderboard, HMB, AKBL, MEBL, INDU, and MCB emerged as key drivers, collectively contributing 222 points to the index. However, the upward momentum was partially offset by selling pressure in FFC, SYS, EFERT, and MARI, which together dragged the index down by 173 points.
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Investor participation remained healthy, with total traded volume reaching 1.20 billion shares and a robust turnover of Rs41.99 billion. TPLP topped the volume chart, trading an impressive 96.7 million shares.