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The Pakistan Stock Exchange (PSX) entered a consolidation phase on Thursday after a volatile run to record levels, with the benchmark KSE-100 Index closing modestly higher at 187,688 points, gaining 695 points or 0.35%, as investors opted for selective profit-taking.
The index opened on a strong note but failed to sustain intraday highs due to selling pressure in major banking and fertilizer stocks. Despite this, overall sentiment remained positive, supported by heavy volumes and continued interest in energy and fertilizer shares.
Market participation stayed robust, with 1.066 billion shares traded during the session, amounting to a total turnover of Rs49 billion, reflecting sustained investor engagement even amid consolidation.
K-Electric (KEL) topped the volume chart, with 195.8 million shares traded, highlighting strong interest in power sector stocks.
Commenting on the session, Ali Najib, Deputy Head of Trading at Arif Habib Limited, said:
“After the recent sharp rally, some consolidation around the 187,000 level is healthy. Another sideways session cannot be ruled out in the near term.”
Index gains were driven mainly by ENGROH, HUBC, EFERT, ATRL, and AICL, which collectively added 607 points to the benchmark. However, losses in UBL, HBL, BOP, FFC, and MARI capped the upside, erasing 217 points.
On the corporate front, Pakistan Oilfields Limited informed the exchange that its board meeting (other than financial) is scheduled for January 29, 2026, keeping investor attention focused on potential corporate developments.
Following weeks of aggressive buying that pushed the PSX to historic highs, analysts believe short-term consolidation is a natural pause. Strong liquidity, improving macro indicators, and expectations of stable monetary policy continue to support the broader market outlook.
