KARACHI: The local bourse witnessed a volatile trading session today, as investors navigated sharp swings in market sentiment.
The benchmark index remained turbulent throughout the day, recording an intraday high of 399 points and an intraday low of 984 points, reflecting heightened uncertainty and cautious investor behavior.
Despite intermittent recovery attempts, sustained selling pressure across key sectors kept the market under strain, dragging the benchmark index to close at 169,427 level, down by 903 points or 0.53%.
The wide intraday range reflected a tug-of-war between cautious optimism and lingering concerns, with sentiment remaining fragile as participants assessed evolving macroeconomic cues while positioning ahead of key market triggers.
On the index contribution front, heavyweight stocks including MEBL, ISL, POL, INIL, and ILP collectively added 183 points to the benchmark index. On the other hand, BAHL, UBL, MCB, ENGROH, and OGDC weighed on performance, collectively eroding 464 points from the index.
Market participation remained healthy, with total traded volume clocking in at 792 million shares, while traded value settled at PKR 25.4 billion. TPLP emerged as the volume leader, with 64 million shares changing hands during the session.
More read, Stocks rally in Karachi as KSE-100 gains 1,377 points
Earlier, the benchmark KSE-100 Index concluded Tuesday’s trading session on a strong note, closing at 170,330 points, up by 1,377 points (+0.81%).
Market sentiment remained positive, supported by a decline in international crude oil prices following the easing of geopolitical tensions between Iran and Israel. The improving regional outlook helped strengthen investor confidence and encouraged broad-based buying activity.
Although the market opened sharply higher, some gains were pared during the session as investors engaged in profit-taking. Nevertheless, sustained buying interest successfully absorbed selling pressure, enabling the index to remain firmly in positive territory throughout the day.
