Pakistan Stock Exchange Ends Lower Amid Profit-Taking
KARACHI: The Pakistan Stock Exchange’s (PSX) KSE-100 Index closed lower on Wednesday, shedding 476 points or 0.32%, to settle at 146,529—down from 147,005 in the previous session.
According to brokerage house Topline Securities, the market started on a strong note, climbing as much as 886 points in early trade. However, the rally lost steam as selling pressure emerged, pulling the index to an intraday low of 587 points before closing in the red. The decline was attributed to mild profit-taking after the recent upward streak.
Key gainers included LUCK, HBL, and MEBL, which collectively added 269 points to the index. On the flip side, FFC, EFERT, PPL, MCB, and HMB were the biggest drags, erasing 488 points from the benchmark.
Trading activity saw 647 million shares change hands—slightly lower than the 691 million recorded in the previous session—while the total value of traded shares stood at Rs. 40.89 billion, down from Rs. 44.57 billion a day earlier.
Out of 487 companies traded, 199 closed higher, 240 ended lower, and 48 remained unchanged.
