Karachi, July 23, 2025 – The Pakistan Stock Exchange (PSX) witnessed a lackluster trading session on Wednesday as the benchmark KSE-100 index dropped by 165 points due to persistent rollover pressure ahead of futures contract settlement.
The KSE-100 index concluded the day at 139,254 points, slipping from the previous day’s closing of 139,419 points, reflecting a decline of 0.12%. According to analysts at Topline Securities Limited, the market remained range-bound for most of the session, fluctuating between an intraday high of 140,202 and a low of 139,105, largely influenced by the rollover week dynamics.
The ongoing rollover pressure—typically observed during the last week of the futures contract cycle—prompted cautious investor behavior and profit-taking across key sectors. Major contributors to the index’s decline included heavyweights such as ENGROH, HBL, PKGP, MCB, and MEBL, which collectively erased 277 points from the benchmark index.
On the flip side, BAHL, MARI, and HUBC provided some relief, adding a combined 174 points and helping limit deeper losses.
Despite the index’s downward movement, market activity remained upbeat. The trading volume was recorded at a healthy 655 million shares, while the total turnover reached Rs32 billion, indicating sustained investor participation. WorldCall Telecom Limited (WTL) led the volumes chart, with over 55 million shares exchanging hands.
Market observers believe that once the rollover phase passes, the KSE-100 index could stabilize and regain positive momentum, especially with corporate earnings season in progress and macroeconomic indicators gradually improving.
However, until the rollover pressure subsides completely, analysts advise investors to remain cautious and selectively accumulate fundamentally strong stocks. The coming sessions will be key in determining whether the KSE-100 can break out of the current consolidation phase.