Karachi, February 28, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a sharp decline of 532 points on Friday, as investors opted for profit-taking ahead of the weekend.
The KSE-100 index concluded the session at 113,252 points, down from the previous day’s closing of 113,784 points, marking a 0.47% drop.
The KSE-100 index began the trading session on a strong note, touching an intra-day high of 114,266 points. However, as the session progressed, selling pressure emerged, dragging the index to an intra-day low of 113,202 points before settling at 113,252 points by the closing bell. This decline reflected cautious investor sentiment, particularly in the latter half of the session.
“KSE-100 index opened on a positive note and gained momentum, reaching an intra-day high of +482 points. This early surge was fueled by AGP PA’s result announcement during the pre-market session, setting a positive tone for the day,” brokerage house Topline Securities noted in its post-market review.
“However, as the session progressed, selling pressure took over, causing the KSE-100 index to retreat and close at 113,252 points,” the report added. Analysts suggest that uncertainty surrounding macroeconomic indicators and global market trends contributed to the volatility observed in the KSE-100 index.
The KSE-100 index saw a mixed performance from various stocks. On the positive side, contributions from BAHL, NBP, AGP, MEBL, NML, and MLCF added a cumulative 293 points to the index. Conversely, major draggers such as ENGROH, FFC, SYS, MARI, EFERT, and SEARL collectively shaved off 521 points from the KSE-100 index, intensifying the downward pressure.
Market participants continue to monitor the movements of the KSE-100 index closely, as global financial conditions and domestic economic developments remain key drivers of market sentiment. If external and internal economic factors stabilize, the KSE-100 index could regain its upward trajectory in the coming sessions. However, investors remain cautious, waiting for clearer signals from both local and international markets before making significant moves.