Karachi, February 14, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed 479 points lower on Friday, as investors engaged in profit-taking ahead of the weekend.
The KSE-100 index concluded the day at 112,085 points, down from the previous session’s close of 112,564 points.
According to analysts at Topline Securities Limited, the KSE-100 index opened positively, registering an intraday gain of 918 points. However, as trading hours came to a close, investor sentiment turned cautious, leading to widespread selling and pulling the index down by 0.43%.
The KSE-100 index saw mixed performance from various sectors. Positive contributions came from companies like Lucky Cement (LUCK), Fauji Fertilizer Company (FFC), Lotte Chemical Industries (LCI), and National Bank of Pakistan (NBP), which collectively added 486 points to the index. On the flip side, significant losses from Engro Corporation (ENGROH), Pakistan Petroleum Limited (PPL), Pakistan State Oil (PSO), Oil & Gas Development Company (OGDC), and Meezan Bank Limited (MEBL) weighed heavily on the KSE-100, subtracting 583 points.
Market activity remained robust, with a total trading volume of 467 million shares and a traded value of PKR 23 billion. PSO led the market in terms of traded value with transactions worth PKR 1.97 billion, followed by NBP with PKR 1.21 billion, DG Khan Cement (DGKC) with PKR 1.04 billion, Hub Power Company (HUBC) with PKR 1.02 billion, and Bank of Punjab (BOP) with PKR 792 million.
In a noteworthy corporate development, Hub Power Holdings Limited, a wholly owned subsidiary of HUBC, announced the launch of its new venture, Hubco Green (Private) Limited. This new subsidiary will focus on the establishment and operation of electric vehicle charging infrastructure across Pakistan. Hubco Green has entered into a collaborative agreement with PSO to install charging stations at multiple PSO locations nationwide.
Looking ahead, market experts anticipate that the KSE-100 index may continue to experience fluctuations driven by profit-taking and external economic factors. The performance of heavyweight stocks and new ventures, like Hubco Green’s entry into the EV charging sector, will be crucial in determining the market’s future trajectory. Despite the recent dip, the KSE-100 index remains a key indicator of investor confidence and market trends in Pakistan.