Bulls Lose Grip as Bears Sneak In
Staff Report
After a strong start, the local bourse couldn’t sustain its early momentum. The session opened on a positive note, with the KSE-100 Index surging to an intraday high of 886 points. However, the gains were short-lived as bears gradually took control, dragging the index to an intraday low of 587 points before settling at 146,529 — down by 476 points or 0.32%. The move reflected not a deep bearish shift, but rather a mild spell of profit-taking following the recent rally.Pakistan Stock Market Hits Historic High as Investor Optimism Grows
Positive momentum in LUCK, HBL, and MEBL provided a combined uplift of 269 points, offering partial reprieve against broader market weakness. In contrast, significant downward pressure stemmed from FFC, EFERT, PPL, MCB, and HMB, which together shaved off 488 points from the benchmark.
Currency Converter
Investor participation remained robust, with total traded volume reaching 645 million shares, corresponding to a turnover of Rs. 40 billion. YOUW emerged as the volume leader, with an impressive 51.8million shares changing hands.
