Pakistan stocks edge down in range-bound session on Thursday

By Raza Hassan

KARACHI: The Pakistan Stock Exchange experienced a range-bound session, edging down 78.02 points or -0.07 per cent, closing in the red on Thursday and closing at 113,784.30 level, after reaching a high of 595 points in intraday trading.

“The market experienced a range-bound session, with the PSX benchmark 100 Index fluctuating between an intraday high of 595 points and a low of 133 points. It closed at 113.784 points, reflecting a modest decline of (-0.07per cent),” noted Topline Merket Review.

Investor sentiment remained mixed due to a lack of market-moving triggers, it added.

Overall market activity remained robust, with a total of 397 million shares traded, resulting in turnover of Rs19 billion. CNERGY led the volume charts with 71 million shares traded.

Govt sets Zakat Nisab at Rs179,689 for 2025

“Uncertainty over IPP deals and the outcome of tax reforms under IMF review due next week played a catalyst role in bearish close,” Ahsan Mehanti, analyst at Arif Habib, told Hum Digital.

Upward movement was primarily driven by OGDCL, PPL, SNGP, PKGP, and MEBL, which collectively contributed 231 points to the index. Conversely, LUCK, HBL, and PSO together subtracted 132 points from the index.