The Pakistan Stock Exchange (PSX) finished Thursday’s session with a slight dip since the merchants remained on the middle of a combination of national and external pressures. The KSE-100 index gave 151 points to close at 147,344, which reflects the lack of clear direction for a week dominated by the reset of the contract.
Investors remained cautious due to concerns about the risks of flooding for agriculture in Punjab and a outward growth perspective indicated by the Central Bank. The softest crude oil prices and volatility linked to reinvestment added to the doubt of investors, maintaining the general activity under control.
Arif Habib Corp MD Ahsan Mehanti commented that the shares closed in the midst of the fears of devastating flood loss investors in Punjab that threaten agricultural growth in the midst of the suggestions of the Central Bank in a thin growth of FY26.
Read: The extensive sale in PSX leads to the fifth consecutive loss
“The high levels of leverage and the pressure of the reinvestments of the futures contract, as well as the fall in world prices of crude oil were the catalysts for the bearish closure in the PSX,” he said.
Ktrade Securities wrote in its market wrap that the PSX extended its consolidation phase, closing slightly lower in the means of volatility and reinvestment pressure of futures. The index fell 151 points (-0.10% day by day) to close at 147,344, after briefly reaching the maximum internal of 148,042 points.
The feeling remained cautious, with the sale of key sectors such as banking and fertilizer. The main lags included Habib Bank, Fauji Fertilizer, Bank al Habib, Faysal Bank, Systems Limited and McB Bank.
Read more: PSX closes lower in the middle of the reset pressure of the contract
Total market volumes reached 935 million shares. PACE (Pakistan) led the volumes with 71.5 million changing hands, followed by Bank Makramah (66 million) and Pak Elektron (51.2 million), he said.
On the positive side, selective purchases in Sazgar Engineering, Lucky Cement and United Bank helped restrict losses.
