KARACHI: PSX had another lackluster day as the KSE-100 Index closed at 161,693 points, down 292 points or 0.18%.
Throughout the session, investors largely stayed on the sidelines amid the absence of meaningful positive triggers. The benchmark moved within a range of 1,543 points, recording an intra-day high of 162,820 (+836 points; 0.52%) and a low of 161,277 (-707 points; 0.44%), said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.
On the corporate front, OGDC notified the exchange that it has received the fifth instalment of Rs 7.725 billion as interest payment from Power Holding (Private) Limited (PHL), in line with the Government of Pakistan’s approved mechanism.
Sector-wise, Fertilizer, E&P, Banks and Power bore most of the selling pressure, with ENGROH, PPL, NBP, BAHL and HUBC collectively eroding 304 points. Meanwhile, FFC, LUCK, BAFL, POL and SYS saw renewed buying interest, adding a combined 317 points to the index.
Market activity remained moderate, with 589.2 million shares traded and a turnover of Rs 22.1 billion. WTL led the volume chart with over 59 million shares.
Outlook:
PSX experienced another range-bound day, with the benchmark fluctuating within a narrow band of 1,543 points.
Looking ahead, the index is expected to consolidate within the 157k–164k zone for the remainder of the week. To preserve stability and build a base for any potential rebound, the market should ideally avoid posting a new low in the upcoming sessions.