Profit taking push PSX down nearly 1,500 points

PSX witnessed a negative trading session, with the benchmark KSE-100 Index declined 1,493 points (-0.85% DoD) to close at 173,887.

The market opened on a subdued note as investors resorted to profit-taking following recent gains, while persistent economic and geopolitical uncertainties kept sentiment cautious. Selling pressure remained broad-based throughout the session, resulting in a decline in the benchmark index, said 𝐀𝐥𝐢 𝐍𝐚𝐣𝐢𝐛, Deputy Head of Trading at Arif Habib Ltd.

On the macroeconomic front, according to PBS, Pakistan recorded a trade deficit of USD 3.9bn in Oct’26. Exports stood at USD 2.9bn, up 2.8% YoY and 0.2% MoM. Meanwhile, imports increased to USD 6.8bn, reflecting growth of 11.8% YoY and 5.7% MoM, highlighting continued pressure from the import bill and external trade imbalance due to increase international oil prices.

From the index contribution perspective, UBL, LUCK, ENGROH, FFC, PPL, OGDC, MEBL, SYS, NBP and PSO were the major laggards, collectively eroding approximately 966 points from the benchmark index.

Chairman Punjab Revenue Authority (PRA) directs hotel owners to ensure 100% installation of E-IMS by the end of this month*

Market activity remained robust, with trading volume reaching 1.47bn shares and total traded value amounting to PKR 22.5bn. APLR1 led the volume chart with 687mn shares traded.

Weekly Review:

The KSE-100 Index ended the week on a positive note, gaining 7,477 points (+4.49% WoW) to close at 173,887. During the week, the benchmark traded between an intra-week high of 176,604 and a low of 165,585, reflecting a strong recovery in investor sentiment following the US midterm election outcome and growing optimism over potential de-escalation on the geopolitical front.

𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

Going forward, the market may sustain its positive momentum amid improving geopolitical sentiment and easing oil prices. However, profit-taking near recent highs, economic uncertainties and evolving global developments may keep trading volatile, with selective buying preferred.