Karachi, January 21, 2025 – The benchmark KSE-100 Index experienced a highly volatile trading session on Tuesday, ultimately losing 803 points by the end of the day.
The KSE-100 Index closed at 115,042 points, down from the previous day’s closing level of 115,845 points.
The market started the day on a positive note, with the KSE-100 Index climbing to an intra-day high of 116,425 points during early trading hours. However, sustained selling pressure in the latter part of the session wiped out all gains, pulling the benchmark index to an intra-day low of 114,784 points. At the close, the KSE-100 Index stood at 115,042 points, marking a decline of 803 points or 0.69%.
“We believe the market has the potential to gain momentum from here and maintain an uptrend,” stated Intermarket Securities in a research note on Tuesday. “However, any sustained rally would largely depend on liquidity flows. In the absence of significant market triggers, we do not anticipate a major surge,” the note added.
The brokerage firm also highlighted the potential impact of the upcoming Monetary Policy Committee (MPC) meeting, scheduled for January 27. A larger-than-expected rate cut by the central bank, exceeding 100 basis points, could serve as a positive catalyst for the KSE-100 Index.
The previous trading session on Monday saw a more optimistic performance at the Pakistan Stock Exchange (PSX). Supported by renewed buying interest from local investors and institutional support, the KSE-100 Index had gained 572.73 points or 0.5%, closing at 115,844.82 points. This uptick was seen as a reflection of improving sentiment ahead of key economic developments.
Despite Tuesday’s losses, the KSE-100 Index remains a barometer of market sentiment, with analysts closely monitoring external and internal economic factors. These include developments in monetary policy, corporate earnings, and geopolitical dynamics, all of which play a critical role in shaping the trajectory of the benchmark index.
As the KSE-100 Index continues to respond to both global and domestic market conditions, investors are advised to remain cautious while seeking opportunities for long-term gains.