The KSE-100 Index closed Tuesday’s trading session with a 423.76-point drop, ending at 93,224.56 points — a 0.45% decline. The index experienced high volatility, trading within a 978.50-point range, reaching an intraday peak of 93,871.61 points (+223.29) and a low of 92,893.11 points (-755.21).
Market Overview and Volume
The trading volume for the KSE-100 Index totaled 408.48 million shares, with 28 stocks advancing, 69 declining, and 3 remaining unchanged. The broader All-Share Index also ended in the red, closing at 59,708.17, down by 119.90 points or 0.20%. The total market volume stood at 792.90 million shares, a slight decrease from the previous session’s 815.19 million, with a traded value of Rs30.79 billion, down Rs6.54 billion.
Top Gainers and Losers
Among individual stocks, AVN led the gainers with a 7.15% rise, followed by BNWM (+7.00%), MARI (+3.82%), KEL (+3.01%), and GLAXO (+2.82%). On the losing end, MUGHAL dropped 6.83%, HGFA fell 5.06%, KOSM declined 4.17%, SRVI decreased 3.80%, and FCCL slipped 3.74%.
In terms of index contributions, MARI added the most points (+122.70), followed by GLAXO (+18.40), FFC (+17.55), SNGP (+16.73), and AVN (+15.45). Major detractors included PPL (-65.07 points), OGDC (-61.98), ENGRO (-58.02), SYS (-44.70), and HBL (-37.26).
Sectoral Performance
Sector-wise, Cement (-74.24 points), Commercial Banks (-71.77), Fertilizer (-51.45), Technology & Communication (-38.93), and Automobile Assembler (-35.29) pulled the index lower. Some support came from Power Generation & Distribution (+7.33), Insurance (+5.10), Refinery (+4.90), Tobacco (+2.62), and Woollen (+0.42).
Top Ten Stocks by Volume
- PIBTL: Closed at Rs8.00, down 3.15%, with a volume of 79.86 million shares.
- KEL: Up 3.01% to Rs5.13, trading 71.76 million shares.
- PRL: Gained 7.52%, ending at Rs26.88, with 56.36 million shares traded.
- SSGC: Rose 9.51% to Rs20.50, with 45.54 million shares.
- CNERGY: Increased by 1.77%, closing at Rs4.60, with a volume of 40.14 million.
- PAEL: Dropped 3.65% to Rs27.95, with 37.70 million shares traded.
- WTL: Remained unchanged at Rs1.27, trading 28.32 million shares.
- BOP: Fell 1.49% to Rs6.60, with a volume of 18.43 million.
- SEARL: Slightly down by 0.32% to Rs78.20, with 17.72 million shares.
- SLGL: Rose 7.11% to Rs16.11, with 14.37 million shares traded.
Year-to-Date Performance
Despite Tuesday’s dip, the KSE-100 Index has gained 14,780 points or 18.84% in the current fiscal year, and it has risen an impressive 30,774 points, or 49.28%, since the beginning of the calendar year. This strong performance reflects the resilience of Pakistan’s stock market, although near-term pressures remain due to fluctuating investor sentiment and sector-specific factors.
Outlook
The KSE-100 Index’s recent fluctuations underscore the market’s sensitivity to sectoral dynamics and investor caution. The Cement and Banking sectors faced significant selling pressure, while selective buying in Power and Insurance provided some support. Going forward, global economic conditions, commodity prices, and monetary policy cues will likely influence trading patterns as the market adjusts to evolving economic indicators.
PAKISTAN MARKET UPDATES
The Pakistani Rupee (PKR) saw a minor decline against the US Dollar (USD) in Tuesday’s interbank session, dropping by 6.55 paisa (0.02%) to close at PKR 277.93 per USD. This marks a slight decrease from the previous day’s closing value of 277.86. The PKR recorded an intraday high (bid) of 278.05 and a low (ask) of 277.95 during the session. In the open market, the dollar was quoted at PKR 276.83 for buying and 278.74 for selling.
Gold prices continued to decline in Pakistan on Tuesday, with 24-karat gold dropping by Rs7,000 to Rs270,500 per tola, reflecting global trends. The Karachi Sarafa Association reported 24-karat gold at Rs231,911 per 10-gram, a decrease of Rs6,000. Similarly, the 22-karat gold price slipped to Rs212,584 per 10-gram. Silver prices also faced declines, with 24-karat silver priced at Rs3,250 per tola (-Rs50) and Rs2,786 per 10-gram (-Rs43).
