Karachi, February 26, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a turbulent trading session on Wednesday, shedding 666 points as investors engaged in profit booking following recent gains. The KSE-100 index closed at 113,862 points, down from the previous day’s closing level of 114,528 points.
According to analysts at Topline Securities Limited, after two consecutive days of strong buying by local mutual funds, as reflected in NCCPL data, the market saw a pullback as investors opted to secure their profits. This led to a highly volatile trading session, with the KSE-100 index fluctuating between an intraday high of 234 points and a low of 678 points before settling with a decline of 666 points (-0.58%).
The downward pressure on the KSE-100 index was largely attributed to key heavyweight stocks, including ENGROH, OGDC, PPL, MARI, and PSO, which collectively erased 417 points from the index. The broader market sentiment remained cautious amid global economic uncertainties and local macroeconomic challenges.
From the power sector, HUBC announced its financial results for the second quarter of the fiscal year 2025, reporting an earnings per share (EPS) of Rs. 3.25. This figure fell below market expectations due to lower gross profits and increased operational expenses. However, the company surprised investors by declaring a dividend of Rs. 5 per share, surpassing industry forecasts.
Despite the overall decline in the KSE-100 index, market participation remained strong. The trading session recorded a substantial volume, with 639.8 million shares exchanging hands, leading to a total turnover of Rs. 22.7 billion. Among the actively traded stocks, CNERGY led the volume charts, with 83.8 million shares changing ownership, indicating sustained investor interest.
Market experts suggest that while the KSE-100 index faced downward pressure today, it continues to demonstrate resilience amid external and internal financial fluctuations. Investors are closely monitoring upcoming economic indicators, policy decisions, and corporate earnings reports to gauge future market movements. The KSE-100 index is expected to maintain a dynamic trading pattern in the coming sessions, with key resistance and support levels shaping investor sentiment.