Karachi, January 7, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) faced a tumultuous trading session on Tuesday, ultimately shedding 202 points amid substantial fluctuations throughout the day.
The KSE-100 index closed at 116,053 points, down from the previous day’s closing of 116,225 points, marking a 0.17% decline.
Market analysts from Topline Securities Limited reported that the KSE-100 index experienced significant volatility during the session. The index reached an intraday high of 116,843 points and a low of 113,677 points before partially recovering by the close. Despite the overall decline, the market showed resilience as positive developments buoyed investor sentiment.
The Prime Minister’s recent statement about the government’s consideration of reducing electricity rates played a crucial role in lifting investor confidence and aiding a partial recovery in share prices. This announcement came amid a day of heightened trading activity and uncertainty in the market.
The decline in the KSE-100 index was primarily driven by key stocks such as EFERT, FFC, HBL, ATRL, and PSO, which collectively contributed to a loss of 433 points. However, this was counterbalanced by gains from ENGROH, OGDC, and TRG, which together added 436 points to the index, demonstrating the mixed sentiment prevailing in the market.
Trading volumes remained robust, with 786 million shares exchanged during the session, reflecting strong investor participation. The turnover for the day stood at Rs 39 billion, underscoring the active trading environment. WTL emerged as the leader in volume, with 80 million shares traded, highlighting its popularity among investors.
Despite the challenges faced by the KSE-100 index, the market’s ability to rebound from intraday lows signals underlying investor confidence. The potential reduction in electricity tariffs is expected to have a favorable impact on various industries, which could support the index’s performance in the coming sessions.
The KSE-100 index remains a critical barometer of economic sentiment, and its fluctuations reflect the broader economic and political dynamics in Pakistan. Continued monitoring of key developments and sectoral performances will be essential for anticipating the index’s future trajectory.