Bulls Take a Breather as Rollover Pressure Triggers Profit-Taking

News Desk

ISLAMABAD: After a strong rally in recent sessions, the local bourse took a step back today as investors opted to lock in gains ahead of the final days of the rollover week. The KSE-100 Index witnessed a volatile session, swinging between an intraday high of 613 points and a low of 561 points, before closing at 138,692 — down 561 points or 0.40%.

 The session was marked by a tug-of-war between bullish sentiment and rollover-induced caution, with market participants leaning toward profit-booking. As rollover pressure mounts, choppy movements are likely to persist, with selective interest expected to dictate near-term direction.

Bulls Step Back: KSE-100 Slips on Lack of Positive Triggers

Key drags on the index included FFC, HBL, ENGROH, MARI, and EFERT, collectively pulling the index down by 506 points. On the flip side, HUBC, MCB, and SYS lent some support, adding a combined 204 points.

Market participation remained healthy, with trading volumes clocking in at 646 million shares and total turnover touching Rs. 28 billion. BOP led the volume chart with a robust 113 million shares traded.