KSE-100 Index Closes Lower Amid High Volatility

Pakistan Stock Exchange (PSX) closed Tuesday’s trading session in negative territory as investors resorted to profit-taking following recent record highs, dragging the benchmark KSE-100 Index lower despite strong participation from select banking and power stocks.

The KSE-100 Index settled at 170,447.30 points, registering a decline of 294.05 points (-0.17%). Trading remained highly volatile throughout the session, with the index moving within a wide range of 1,730 points. It touched an intraday high of 171,922.60 points before slipping to a low of 170,191.98 points.

Total trading volume in the benchmark index stood at 475.39 million shares, reflecting sustained investor activity despite the downward close.

Out of the 100 index constituents, 43 stocks closed higher, 56 ended lower, while one stock remained unchanged, highlighting broad-based selling pressure.

Top Losers and Gainers of the Day

Major losers on the KSE-100 included:
• DHPL (-9.99%)
• PIOC (-4.23%)
• HUMNL (-3.31%)
• MLCF (-3.05%)
• NML (-2.77%)

Top gainers providing limited upside support were:
• KAPCO (+8.11%)
• KTML (+7.13%)
• BOP (+4.86%)
• AICL (+4.67%)
• PIBTL (+3.26%)

Index Movers: Stocks That Drove the Market

On a point basis, the largest drag on the KSE-100 Index came from:
• FFC (-180.02 points)
• Systems Limited (-111.11 points)
• PPL (-110.10 points)
• DHPL (-70.11 points)
• OGDC (-67.46 points)

Meanwhile, stocks supporting the index included:
• UBL (+251.96 points)
• BOP (+80.95 points)
• NBP (+47.05 points)
• KAPCO (+45.87 points)
• KTML (+44.85 points)

Sector Performance: Energy and Fertilizers Weigh Heavily

Sector-wise, the market downturn was primarily driven by losses in:

• Oil & Gas Exploration Companies (-207.64 points)
• Fertilizer (-188.69 points)
• Cement (-154.91 points)
• Technology & Communication (-113.13 points)
• Oil & Gas Marketing Companies (-55.56 points)

On the positive side, Commercial Banks provided strong support, contributing +383.12 points, followed by gains in:

• Power Generation & Distribution (+38.45 points)
• Automobile Assemblers (+36.81 points)
• Insurance (+36.24 points)
• Pharmaceuticals (+14.89 points)

Broader Market Summary

The All-Share Index closed at 102,982.88 points, down 193.32 points (-0.19%). Overall market activity improved notably, with total volume rising to 1.18 billion shares, compared to 905.68 million shares in the previous session.

The total traded value increased to Rs53.47 billion, up by Rs5.75 billion, indicating continued liquidity in selected stocks.

A total of 520,993 trades were recorded across 482 companies, of which:

• 161 stocks advanced
• 290 declined
• 31 remained unchanged

Most Active Stocks by Volume

The most actively traded stocks during the session were:

• PIBTL (101.8 million shares)
• BOP (88.7 million shares)
• TPLP (80.4 million shares)
• TPL (52.7 million shares)
• WTL (52.1 million shares)

Market Outlook: Strong Year-to-Date Gains Remain Intact

Despite the day’s decline, the broader trend remains bullish. The KSE-100 Index has gained 44,820 points (35.68%) during the ongoing fiscal year, while it is up 55,320 points (48.05%) in calendar year 2025, underscoring strong investor confidence and sustained momentum in Pakistan’s equity market.

Analysts believe short-term corrections are healthy and may provide fresh entry opportunities, particularly in fundamentally strong banking, energy, and power sector stocks as market participants recalibrate positions ahead of upcoming economic and corporate developments.

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