Pakistan equities extended their losing streak on Wednesday as intense selling pressure dragged the benchmark lower, deepening the ongoing correction at the Pakistan Stock Exchange (PSX).
The KSE-100 Index plunged 1,632 points (-0.98%) to close at 164,626, marking another sharp decline after recent heavy losses. Since reaching a record high near 189,000 just weeks ago, the benchmark has erased almost 25,000 points, highlighting persistent bearish sentiment and investor caution.
During intraday trade, the index briefly fell 2,029 points to a session low of 164,229 before recovering slightly by the close.
Trading Activity
Market activity remained elevated:
- Shares traded: 351 million
- Value traded: Rs. 25.2 billion
- Companies traded: 567
- Gainers: 143
- Losers: 278
- Unchanged: 146
Top Volumes
K-Electric (KEL) led the volumes chart for the third consecutive session with nearly 100 million shares traded. Other active stocks included Cnergyico (CNERGY), First National Equities (FNEL), WorldCall Telecom (WTL), National Bank (NBP), Bank of Punjab (BOP), and Telecard (TELE).
Market participants attribute the continued slide to profit-taking after the historic rally, weak sentiment, and cautious positioning ahead of macroeconomic triggers.
| Scrip | Price (Rs.) | High | Low | Change | Volume |
|---|---|---|---|---|---|
| KEL | 7.71 | 8.00 | 7.47 | +0.14 | 99,786,190 |
| CNERGY | 7.17 | 7.55 | 6.90 | +0.55 | 70,330,560 |
| FNEL | 1.48 | 1.64 | 1.45 | +0.01 | 33,421,278 |
| WTL | 1.32 | 1.38 | 1.31 | +0.01 | 28,889,284 |
| NBP | 262.35 | 270.70 | 260.10 | +11.08 | 27,953,901 |
| BOP | 29.52 | 30.94 | 29.34 | -0.18 | 25,128,535 |
| TELE | 8.93 | 9.37 | 8.64 | +0.56 | 24,633,523 |
