KE 100 Index Faces a Drop of 813 Points

ISLAMABAD: The stock market exhibited volatility today, with the index fluctuating within large band, primarily influenced by global market trends. Local equities faced selling pressure amid uncertainty surrounding the upcoming budget and the government’s proposed 2–3% hike in the tax rate on passive income.

During the session, the index reached an intraday high of 1,018 points and a low of 899 points, eventually closing at 118,878 — a drop of 813 points, or 0.68%.

Upward momentum was supported by notable gains in PKGP, NATF, MEBL, NBP, and BAHL, which collectively added 201 points to the index. Conversely, losses in SYS, ENGROH, and PPL dragged the index down by a combined 341 points.

Market participation remained strong, with total trading volume reaching 496 million shares and a traded value of PKR 23.4 billion. DCL led the volume board, with 40 million shares changing hands.index match multiple criteria