Karachi, June 12, 2025 – The Pakistan Stock Exchange (PSX) closed in the red on Thursday, shedding 260 points as investors opted for profit-taking after the market hit record highs a day earlier.
The benchmark KSE-100 index ended the session at 124,093 points, down from Wednesday’s all-time high closing of 124,353 points. Despite intraday volatility, investor sentiment remained cautious as participants locked in profits following a strong rally earlier in the week.
According to analysts at Topline Securities Limited, the PSX was weighed down by selling pressure in major index-heavy stocks, especially from sectors that had seen rapid gains. The session saw the KSE-100 index swing between an intraday high gain of 2,365 points and a low of 501 points, before settling with a net decline of 0.21%.
The bulk of the downward drag came from notable names including ENGROH, FFC, PPL, OGDC, and BAFL, which collectively wiped out 401 points from the index. However, the decline was partially offset by gains in PKGP, UBL, BAHL, LUCK, and DGKC, which together contributed 347 points, limiting the overall fall.
Despite the day’s correction, trading activity at the PSX remained vibrant. The market witnessed a strong turnover with a total volume of 1.017 billion shares, while the value of shares traded reached PKR 50 billion. SSGC led the volume chart with 55 million shares traded, reflecting continued investor interest in select sectors.
Market participants noted that the slight pullback was a healthy sign, allowing the market to consolidate recent gains and offering fresh entry points for investors. Analysts further suggested that profit-taking at this stage was expected, given the rapid ascent of the index and growing anticipation surrounding upcoming economic and corporate earnings data.
In the coming sessions, the PSX is likely to remain sensitive to macroeconomic signals, especially developments related to the federal budget and interest rate outlook. Nonetheless, the underlying bullish momentum may persist if investor confidence is sustained and corporate profit forecasts remain strong.