Market Drops 1.31% Amid Weak Results and January Rollover

Staff Report:
The market saw a decline in Tuesday’s trading session, with the index dropping to an intraday low of 111,435 points before closing at 112,030, reflecting a loss of 1,490 points or 1.31%. The negative sentiment was driven by the January rollover and weaker-than-expected results, putting additional pressure on the market.

Key stocks contributing to the decline included FFC, ENGROH, SYS, MARI, and OGDC, which together caused a drop of 826 points in the index.Pakistan Stock Market Drops 283 Points Amid Volatile Trading

Despite the downturn, overall market activity was solid, with 516 million shares traded and a total turnover of Rs. 29 billion. WTL was the leader in trading volume, with 67 million shares exchanged.