A Hot-and-Cold Session Cools the Rally!
ISLAMABAD: After two consecutive sessions of a powerful bull run, the local bourse witnessed a hot-and-cold trading day, marked by heightened volatility and strategic profit-taking. The benchmark KSE-100 index swung widely — hitting an intraday high of 884 points and a low of 427 points — before closing at 118,537, down 39 points or 0.03%.
The session saw a tug-of-war between gainers and losers. On the upside, heavyweights such as ENGROH, FFC, MEBL, and UBL led the charge, collectively adding 470 points to the index. However, the rally lost some steam as OGDC, MCB, BAHL, and MARI dragged the index down by a combined 354 points, offsetting much of the early momentum.
Market participation remained low as compared to yesterday, with total traded volume reaching 603 million shares and a traded value of PKR 41.8 billion representing the highest in five months. PREMA topped the volume leaderboard with 38.7 million shares exchanged.
