PSX ends rally with sudden dip - Is investor optimism fading?
File photo
File photo
ISLAMABAD (Web Desk): After showing signs of recovery, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index slipped back into bearish territory on Friday.

The index lost 264.34 points or 0.18 percent to close at 145,382.80 points, down from the previous day’s 145,647.14, according to data available at PSX website.

Trading activity slowed notably, with 548,050,956 shares changing hands compared to 712,527,450 in the prior session. The total share value also dropped to Rs45,488,000,000 from Rs55,677,000,000.

Out of 482 companies that traded, 151 saw gains, 296 faced losses, and 35 remained unchanged. The top volume leaders were Pak Petroleum with 21,967,632 shares at Rs188.23, Bank of Punjab with 21,258,633 shares at Rs13.92, and Loads Limited with 20,561,978 shares at Rs16.58.

Ismail Industries Limited posted the day’s highest gain of Rs70.39, closing at Rs2,172.38 per share, followed by Supernet Technologies Limited, which rose by Rs43.11 to Rs802.60.

Read more: Gold prices dip after three-day surge in Pakistan

On the downside, PIA Holding Company LimitedB recorded the steepest fall of Rs478.14, settling at Rs29,379.66, while Nestle Pakistan Limited dropped by Rs87.02 to close at Rs8,950.56.

The KSE-100’s dip after a brief uptrend signals investor caution amid reduced trading volume and value. While select companies posted significant gains, the overall market mood leaned bearish, hinting at a possible correction phase if investor confidence does not pick up in the coming sessions.