Index declines on volatile trade
The benchmark KSE-100 Index declined by 379.78 points, or 0.27 percent, to close at 138,217.58 points as compare to the previous session close of 138,597.36 points. The index moved within a narrow range, hitting an intraday high of 139,201 points and a low of 138,150 points.
On Monday, BRIndex100 closed at 14,139.60 points which was 59.97 points or 0.42 percent lower than previous close with the total volume was 471.707 million. While BRIndex30 closed at 39,326.96 points which was 184.91 points or 0.47 percent lower than previous close with the total volume remain 203.005 million shares.
According to Topline Securities, the market remained range-bound throughout the session as investors adjusted portfolios ahead of futures settlement. Major drag on the index came from Fauji Fertilizer Company (FFC), United Bank Limited (UBL), Oil and Gas Development Company (OGDC), Systems Limited (SYS), and Hub Power Company (HUBC), collectively shaving off 438 points. However, support came from Habib Bank Limited (HBL), Engro Fertilizers (EFERT), and Pakistan Aluminium Beverage Cans (PABC), which together contributed 152 points.
Market activity on Monday remained solid but showed a slight retreat from the prior session. The ready market recorded a total trading volume of 608 million shares, marginally down from 609 million previously. However, traded value declined more noticeably to Rs 23.5 billion, compared to Rs 31.6 billion on Friday, reflecting reduced participation in high-value blue-chip counters.
Among the volume leaders, Prud Modaraba First topped the chart with 58.7 million shares, closing at Rs. 4.98. It was followed by K-Electric Limited, which traded 53.1 million shares and settled at Rs. 5.43, and Pak International Bulk Terminal (PIBTL) with 51.7 million shares, closing at Rs. 10.06.
In terms of price gains, high-end consumer stocks led the board. Unilever Pakistan Foods surged by Rs 988, ending at Rs 25,498, while Nestlé Pakistan climbed Rs 86.97 to close at Rs 7,400. Conversely, some major scrips witnessed steep losses. PIA Holding Company Limited-B plunged by Rs 3,446, closing at Rs 31,015.32, making it the biggest loser of the day. Bata Pakistan also recorded a notable drop, shedding Rs 35.44 to close at Rs 1,650.89.
Market capitalization also saw a modest decline, slipping to Rs 16.505 trillion from Rs 16.517 trillion in the previous session. The Rs. 12 billion decrease reflects valuation erosion across key blue-chip stocks and indicates the impact of profit-booking on investor equity wealth.
Out of 479 active companies in the ready market, 245 closed lower, 193 advanced, and 41 remained unchanged—highlighting the breadth of the pullback.
BR Automobile Assembler Index closed at 22,576.44 points with a net positive change of 195.12 points or a percentage change of 0.87 and a total turnover remains 5.628 million. BR Cement Index ended at 10,685.87 points with a net negative change of 19.41 points or a percentage change of 0.18 and a total turnover of 20.83 million shares.
BR Commercial Banks Index saw a dip of 76.76 points or 0.19 percent and finished at 40,594.21 points with a total turnover of 52.65 million shares changing hand. BR Power Generation and Distribution Index also dipped 168.72 or 0.78 percent and closed at 21,433.61 points and a total turnover remains 56.55 million shares.
BR Oil and Gas Index closed at 11,892.62 points with a net negative change of 37.42 points or a percentage change of 0.31 percent and a total turnover was 17.08 million shares. BR Technology & Communication Index closed at 2,991.39 points with a net negative change of 29.52 points or a percentage change of 0.98 and a total turnover of 44 million shares.
In his post session comments, Ahsan Mehanti of Arif Habib Corporation noted that Stocks closed under pressure amid geo political uncertainty and concerns over surging inflation to impact SBP policy announcement next week. He further noted that Rupee instability, and concerns over external debt repayments due in FY26 played catalyst role in bearish activity at PSX. While JS Global expects that the market will consolidate around current levels, with sentiment largely dependent on upcoming corporate results, macroeconomic indicators, and clarity regarding foreign investment flows.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
an hour ago
- Business Recorder
Records tumble at PSX as buying rally continues
Buying momentum continued at the Pakistan Stock Exchange (PSX), fueled by a strong economic outlook and robust corporate earnings, with the benchmark KSE-100 Index settling at a new record high on Thursday. Positive sentiment prevailed for most of the trading session, driving the KSE-100 Index to an intra-day high of 146,081.02. At close, the benchmark index settled at 145,647.13, a new record high, following an increase of 558.64 points or 0.39%. On Wednesday, the PSX sustained its record-breaking rally as the benchmark KSE-100 Index soared by 2,051 points, or 1.43%, to settle at an all-time closing high of 145,088.50 points. In a Prime Minister's Office statement, PM Shehbaz Sharif expressed satisfaction as the stock exchange index surpassed the 145,000-point mark, signalling increased investor confidence in government policies. PM attributed the surge in stock market activity to business-friendly reforms and said providing support for investment remains a top priority for his administration. International markets Asian equities rose on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings and growing expectations for U.S. rate cuts boosted sentiment. The prospect of a meeting between U.S. President Donald Trump and Russian President Vladimir Putin over the war in Ukraine also underpinned sentiment, benefiting the euro, while weighing on oil prices as traders gauged the outlook for sanctions on Moscow. At the same time, markets largely shook off Trump's latest tariff threats, including an additional 25% tariff on India over purchases of Russian oil and a threatened 100% duty on chips. Japan's broad Topix index rose 0.9% to reach an all-time high, with the more tech-focused Nikkei also gaining by about the same margin. Taiwan's stock benchmark surged 2.3% to a more than one-year peak. South Korea's KOSPI added 0.6%. Hong Kong's Hang Seng rose 0.4%, and mainland Chinese blue chips advanced 0.3%.
Express Tribune
4 hours ago
- Express Tribune
PSX maintains bullish trend
The Pakistan Stock Exchange (PSX) extended its upward momentum during intra-day trading on Thursday, with the benchmark KSE-100 Index gaining 823.10 points, current index at 145,911.59 — up 0.57% from the previous close of 145,088.49. The index touched an intraday high of 146,053.43 and a low of 145,250.17. Total trading volume stood at 171.85 million shares, while the market value reached PKR 20.41 billion. The market remained largely stable during the session, indicating sustained buying interest and institutional support. Read: PSX maintains record-shattering streak Earlier on Wednesday, PSX remained unstoppable on Wednesday as the KSE-100 index surged past 145,000 points, marking a new milestone in its record-shattering drive. The momentum was largely driven by banks and optimism about a positive outcome of the recent Pakistan-US trade agreement. Arif Habib Corp MD Ahsan Mehanti observed that stocks reached a new all-time high amid an upbeat economic outlook. "Strong rupee, rising global oil prices and government measures for incentivising remittances and power sector reforms fuelled the bullish close at the PSX, he noted. KTrade Securities analyst Ahmed Sheraz commented that the stock market continued its bullish streak, with the KSE-100 index gaining 2,051 points day-on-day to close at a new all-time high of 145,088. Banks remained key drivers of the rally. JS Global analyst Muhammad Hasan Ather said that investor optimism was fuelled by corporate earnings, improving economic indicators and expectations of supportive government policies. Gains were broad-based, led by banking, energy and fast-moving consumer goods sectors, he said.
Business Recorder
5 hours ago
- Business Recorder
Pakistan's renewable rush: Another textile firm plans 7.2MW solar system
In a move aligned with Pakistan's industrial sector's growing shift toward renewable energy, Kohinoor Textile Mills Limited (KTML) is installing a 7.2-megawatt solar power system as part of its push for sustainable operations and cost efficiency. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX). 'The Board of Directors is also pleased to apprise that the company, as part of its commitment towards sustainable energy and focused operational efficiency, is in the process of installing a 7.2MW solar renewable energy system,' read the notice. It added that the company's management is confident that by the end of the first quarter ending on September 30, 2025, KTML will be utilising more than 20% of its operational energy requirement through renewable energy sources. 'This will result in cost savings and reduction of the country's reliance on imported fuels,' it said. Incorporated on 21 December 1987 in Pakistan under the Companies Ordinance, 1984 (Now Companies Act, 2017), Kohinoor Mills Limited is engaged in the business of textile manufacturing and generating, supplying electricity. At the time of filing, KTML share price was being traded at Rs81.15, an increase of Rs7.38 or 10%. There has been a growing shift towards alternative energy sources in Pakistan, especially solar, which has become increasingly popular among residential and commercial sectors. This rising trend has left decision-makers grappling with its implications for the national grid and energy sector, as electricity consumption remains stagnant. Nonetheless, several projects have been initiated to exploit this relatively cheaper energy source. Last month, J.K. Spinning Mills Limited announced plans to install 7MW of additional solar capacity as part of the company's strategic initiatives. Dewan Cement Limited successfully commissioned a 6 MW solar power system at its manufacturing facility in Karachi. In May, International Steels Limited (ISL), a subsidiary of International Industries Limited, completed and activated a 6.4-megawatt (MW) solar power project at its factory in Karachi. In March, Tariq Corporation Limited (TCORP), engaged in the manufacturing of sugar and its by-products, announced plans to set up a 200KW solar power system at its facility.
