KSE-100 Drops as Energy and Banking Stocks Weigh on PSX Close

The Pakistan Stock Exchange concluded Friday’s trading session with a decline, as the KSE-100 Index closed lower due to significant selling pressure in major sectors, particularly energy and banking.

The benchmark index closed at 151,707.52 points, down by 1,200.45 points, representing a decline of 0.79 percent. The session was characterized by volatility, with the market failing to sustain early gains.

The index opened at 153,041.83 points and reached an intraday high of 153,660.89 points. However, as selling intensified, the index dropped to a low of 151,457.95 points before settling at the closing level.

Trading volume remained active at 244.73 million shares, indicating continued investor participation despite the bearish sentiment.

The broader market picture shows contrasting trends. The FYTD performance stands at 20.76 percent, suggesting strong long-term growth. However, the CYTD decline of -12.84 percent reflects recent market instability.

Among the gainers, Systems Limited (SYS) and MCB Bank Limited (MEBL) were the top contributors, adding 81.90 and 67.62 points, respectively. Other stocks such as Fatima Fertilizer, Bank Alfalah, and Service Industries also posted gains.

On the downside, OGDC led the losses, followed by PPL, NBP, UBL, and MARI, all of which exerted downward pressure on the index.

The decline is largely attributed to concerns over economic stability, including inflationary pressures, exchange rate fluctuations, and interest rate outlook. The energy sector, in particular, remains under pressure due to global market trends.

As the market closes, investors are expected to remain cautious, focusing on economic signals and policy developments that could influence future market direction.