Karachi, January 16, 2025 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a sharp decline on Thursday, shedding 659 points as bearish sentiments dominated the trading session. The KSE-100 index closed at 113,837 points, down from the previous day’s closing of 114,496 points.
Analysts at Topline Securities Limited noted that the day’s trading session was marked by significant pressure on the market, with the KSE-100 settling at 113,837 points. This represents a drop of 0.58%, or 659 points, amid the absence of positive triggers and growing uncertainty regarding the new US government’s strategy and its potential economic implications for Pakistan.
The negative trajectory of the KSE-100 index was heavily influenced by several major stocks. Companies such as Fauji Fertilizer Company (FFC), Pakistan Petroleum Limited (PPL), Pakistan State Oil (PSO), Mari Petroleum Company Limited (MARI), and Millat Tractors Limited (MTL) were the largest contributors to the decline, collectively erasing 392 points from the index.
Despite the bearish trend, market activity remained robust. A total of 468 million shares were traded during the session, with a total turnover of Rs. 24 billion. WorldCall Telecom Limited (WTL) emerged as the leader in volume, with 103 million shares changing hands during the day.
The KSE-100 index has been under pressure due to a combination of domestic and international factors. Concerns over rising inflation, depreciation of the Pakistani rupee, and uncertainty in global markets have weighed heavily on investor confidence. Analysts believe that the KSE-100’s performance will continue to reflect these macroeconomic challenges in the near term.
While some investors are adopting a cautious approach, others see the current dip in the KSE-100 index as an opportunity to accumulate undervalued stocks. However, sustained recovery in the market will likely depend on the resolution of prevailing economic and political uncertainties.
The KSE-100 index remains a key barometer of investor sentiment and economic performance in Pakistan. As the market navigates these challenging times, stakeholders will be closely monitoring both domestic developments and international cues to gauge the index’s future trajectory.