Market Swings Widely as Profit-Taking Caps Gains

ISLAMABAD: The stock market witnessed a dynamic trading session, marked by significant swings as the index ranged between an intraday peak of 1,359 points and a low of 150 points. By the end of the day, the benchmark index closed at 117,119, reflecting a moderate increase of 111 points or 0.10%.

Investors seemed eager to leverage the market’s heightened activity, opting to lock in profits following recent rallies. This resulted in mixed sentiments across various sectors, with some stocks experiencing selling pressure while others maintained an upward trajectory.Pakistan Market Faces FTSE Rebalancing Outflow Concerns

Major contributors to the market’s gains were EFERT, ENGRO, MTL, DAWH, and HBL, collectively adding 779 points. Conversely, significant losses in OGDC, PPL, MARI, PSO, and HUBC exerted downward pressure, subtracting a total of 485 points.

Trading activity remained robust, with a total volume of 1,036 million shares traded, amounting to a turnover of Rs. 46.5 billion. FFL stood out as the volume leader, with 89 million shares traded during the session.