Volatility Hits KSE-100 as Index Sheds 1509 Points

Karachi: The KSE-100 Index exhibited significant volatility on tuesday, oscillating between highs and lows as market sentiment remained uncertain. The index climbed to an intraday high of 1112 points early in the session, reflecting some optimism, but later tumbled to an intraday low of 1629 points due to profit-taking and bearish sentiment. By the close of trading, the benchmark index had shed 1509 points, or 1.33%, settling at 112,414 levels.KSE-100 Gains 5 Points Amid Volatile Session

The market’s downturn was primarily driven by concerns over rising leverage positions, which heightened risk perceptions. This, combined with increasing borrowing costs, compelled investors to trim their portfolios. Furthermore, the approaching last few days of December contract added additional pressure on market participants, resulting in cautious and selective trading behavior.

The primary contributors to the upward movement were UBL, DAWH, SNGP, TRG, and APL, which collectively added an impressive 351 points to the index. On the flip side, FFC, MARI, MCB, HUBC, and ENGRO emerged as the major laggards of the day, collectively dragging the index down by 850 points.

Trading remained active, with a total volume of 879 million shares and a turnover of Rs 54 billion. WTL topped the volume charts, with 127million shares traded during the session.