Market Stumbles: Bears Take Charge Amid Heavy Selling Pressure

ISLAMABAD: The bears dominated today’s trading session as the KSE-100 index experienced a sharp decline. After reaching an intraday high of 213 points, the index plunged to an intraday low of 1,682 points, closing at 113,443, down by 1,598 points (-1.39%).

The downtrend was primarily attributed to consistent selling pressure from local banks, as reflected in NCCPL data. This prolonged selling dampened market sentiment, leading to a bearish tone. Investors maintained a cautious stance, which further intensified the negative momentum.Market Rebounds After Initial Dip

On a brighter note, HCAR from the auto sector announced its 3QMY25 financial results. The company reported an earnings per share (EPS) of Rs 3.97, surpassing industry expectations.

Key stocks driving the market’s decline included MARI, ENGROH, OGDC, PPL, and HUBC, collectively contributing to a loss of 936 points.

Despite the bearish outlook, market activity remained robust, with a total of 742 million shares traded, generating a turnover of Rs. 35 billion. WTL led the volumes, with 100 million shares traded during the session.