Stock market swings as KSE-100 closes lower after early gains
Business
Pakistan’s stock market opened with strong gains but closed lower, as KSE-100 fell 248 points to 161,687. Auto, banking, and energy sectors saw notable activity amid volatile trading.
KARACHI (Dunya News) – Pakistan’s stock market saw a rollercoaster ride on Monday, opening the week with strong gains before settling in the red zone by the close of trading.
The KSE-100 Index surged by over 1,700 points early in the day, reaching 163,602 points, driven by robust buying across key sectors. However, a sudden market downturn during the session wiped out much of the gains, and the index closed 248 points lower at 161,687 points.
Investors showed sustained interest in auto assemblers, commercial banks, fertilizers, oil and gas exploration companies, power generation, and refinery sectors. Notable performers included ARL, Mari, OGDC, POL, PPL, PSO, SNGPL, SSGC, MCB, MEBL, and UBL, which remained in the positive zone despite overall market weakness.
Last week, the KSE-100 Index had closed at 161,935 points, posting a 1,277-point gain, signaling that the market has been on a bumpy ride in recent sessions.
Trading volume today totaled 52.14 million shares, with a market value of Rs26.32 billion, reflecting active participation despite the negative close. Market analysts said volatility is expected to continue as investors weigh corporate earnings, economic data, and global trends.
