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.

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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.

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