Karachi, January 22, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a significant downturn on Wednesday, plummeting by 1,599 points due to heavy selling pressure throughout the trading session.
The KSE-100 index closed at 113,443 points, marking a steep decline from the previous day’s closing of 115,042 points. Analysts at Topline Securities Limited observed that bearish sentiment dominated the day, causing the KSE-100 index to experience one of its sharpest declines in recent sessions. Despite an initial intraday high of 213 points, the index spiraled downward to an intraday low of 1,682 points before settling at 113,443, reflecting a drop of 1,598 points (-1.39%).
The sell-off was largely driven by consistent selling pressure from local banks, as indicated by NCCPL data. This sustained selling weighed heavily on market sentiment, fostering a bearish tone across sectors. Investor caution further exacerbated the negative momentum, leaving the KSE-100 index under considerable pressure.
Adding to the mixed developments, HCAR from the auto sector provided a rare bright spot by announcing its 3QMY25 financial results. The company reported an earnings per share (EPS) of Rs 3.97, exceeding industry expectations and injecting a glimmer of positivity amid an otherwise turbulent day for the KSE-100.
Major contributors to the KSE-100’s decline included heavyweights such as MARI, ENGROH, OGDC, PPL, and HUBC, which collectively dragged the index down by 936 points. These losses underscored the broader market weakness, particularly in energy and industrial sectors.
Despite the sharp drop, market activity remained robust, signaling underlying investor engagement. A total of 742 million shares were traded during the session, generating a turnover of Rs. 35 billion. WTL emerged as the volume leader, with 100 million shares changing hands, highlighting the diverse trading interest even amid a declining KSE-100.
The KSE-100’s performance reflects ongoing market challenges, including macroeconomic uncertainties and sectoral pressures. However, with active trading volumes and selective positive corporate announcements, the market’s resilience remains evident. Investors and analysts alike continue to monitor developments closely, anticipating potential stabilization in the KSE-100 index in the near future.