Karachi:
The Pakistan Stock Exchange (PSX) witnessed a volatile yet resilient trading session on Thursday, December 4, 2025. After a lackluster performance in the previous session and an early intraday dip, the bulls managed to stage a recovery, pushing the benchmark KSE-100 Index to close in the green.
The market sentiment shifted significantly during the second half of the session, driven by aggressive buying in the Cement and Leather & Tanneries sectors, offsetting the selling pressure seen in Fertilizer and Commercial Banks.
Market Overview: Key Statistics:
The KSE-100 Index concluded the session at 166,283.55, recording a gain of 138.21 points (+0.08%).
- Intraday High: 166,837.10 (+691.75 points)
- Intraday Low: 165,886.26 (-259.09 points)
- Total Market Volume: 607 Million shares (Up from 593 Million)
- KSE-100 Volume: 167.56 Million shares
Indices Summary:
Index: KSE-100
Current Level: 166,283.55 Points
Change (Points): +138.21
Change (%)+0.08%
Index :KSE-30
Current Level: 50,536.06 Points
Change (Points): +39.88
Change (%): +0.08%
Index: KMI-30
Current Level: 238,289.02 Points
Change (Points): +380.14
Change (%) +0.16%
Index: ALLSHR
Current Level: 100,872.71 Points
Change (Points): +307.41
Change (%) +0.31%
Technical Note: The index successfully defended the psychological support level near 165,800. The recovery from the intraday low suggests that smart money is accumulating value stocks at dips, preventing a deeper correction.
Sector Watch: The Bulls vs. The Bears:
Today’s session was a classic tug-of-war between sector rotation strategies. While Fertilizer giants faced profit-taking, cyclical sectors like Cement and Leather stepped up to support the index.
Top Positive Contributors (The Saviors):
The Leather & Tanneries and Cement sectors were the primary drivers of today’s gains.
- Service Industries Ltd (SRVI): The star performer of the day. SRVI surged by Rs. 157.80, contributing a massive 126.28 points to the index alone.
- Pioneer Cement (PIOC): Buying interest in construction materials pushed PIOC up by Rs. 14.65, adding 51.01 points.
- PTCL (PTC): The telecom giant continued its upward trajectory, adding 41.83 points.
- Engro Polymer (ENGROH): Added 34.78 points.
- Pakistan Petroleum (PPL): E&P sector support added 33.97 points.
Top Negative Contributors ( The Drags):
Profit-taking was evident in the Fertilizer and Banking sectors, capping the index’s upside.
- Fauji Fertilizer Company (FFC): The heaviest weight on the index today, stripping 141.35 points as the stock corrected by Rs. 4.86.
- Pakistan Services Ltd (PSEL): A sharp drop of Rs. 95.55 wiped 100.30 points off the index.
- Mari Petroleum (MARI): Declined by Rs. 4.42, subtracting 36.15 points.
- United Bank Ltd (UBL): Shed 27.76 points.
- Meezan Bank (MEBL): Shed 26.37 points.
Volume Leaders: Where is the Liquidity?
Trading activity remained robust with the KSE-All Share volume hitting 607 million shares, indicating healthy market participation despite the volatility.
- Lalpir Power (LPL): Dominated the volume charts with 108.9 Million shares traded. However, the stock faced immense selling pressure, closing down by 6.06% at Rs. 24.33.
- PIA Holding Company (PIAHCLA): Witnessed speculative buying frenzy, surging 9.53% to close at Rs. 41.61 with 37.8 Million shares traded.
- PTCL (PTC): Consistent performer with 34.4 Million shares, closing up nearly 5%.
- First National Equities (FNEL): Traded 28.5 Million shares, closing up 4.13%.
Technical Analysis & Market Outlook:
The market formation today indicates an “Intraday Reversal.” After dipping 259 points, the index found support and bounced back. This “buy on dip” behavior is a bullish signal for the short term.
- Resistance: Immediate resistance lies near the 167,000 psychological barrier.
- Support: Strong support is established at 165,800. A breach below this could trigger a sharper correction.
- RSI Check: With the KSE-100 hovering near all-time highs, the RSI remains in the overbought territory, necessitating caution. Traders should maintain strict stop-losses.
Strategic Advice for Investors:
The rotation into Cement suggests investors are positioning for potential construction demand or favorable pricing power. The selling in LPL (despite high volume) warrants caution—high volume on a price drop is often a bearish divergence. Conversely, PIAHCLA shows strong momentum, likely driven by privatization news flows.