KSE-100 Sinks Amid Profit-Taking, Closes Down 366 Points

Staff Report:
The market witnessed another bearish session as the KSE-100 index, despite opening on a positive note and gaining 159 points (0.19%), succumbed to selling pressure. The index plunged to an intraday low of 743 points before eventually closing at 81,483, marking a 366-point (0.45%) decline.

This downward shift was largely driven by profit-taking, particularly in key stocks such as HUBC (-4.25%) and EFERT (-1.99%), which reshaped market sentiment. A broad sell-off in HUBC, EFERT, MCB, PPL, and BAFL collectively dragged the index down by 400 points.

Pakistan Stock Market Up 0.47% Amid Policy Rate Cut

Despite the negative trend, trading volumes remained robust, with 369 million shares traded, valued at Rs 17 billion. WTL led the trading activity, with 39 million shares changing hands.