The Pakistan Stock Exchange (PSX) ended Friday’s session in the red as investors resorted to profit-taking ahead of the upcoming recycling week, despite the benchmark touching a fresh intraday all-time high earlier in the day.
“The PSX had a day of profit taking today as the market headed into the renewal week starting on Monday,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. The KSE-100 closed at 171,405 points, down 556 points or 0.32%.
The day unfolded in two distinct phases. In the morning session, the market extended yesterday’s upward momentum and recorded a new all-time intraday high of 172,675 points (+714 points, +0.42%). However, sentiment reversed in the afternoon as investors opted to close weekly positions, which weighed on the index and resulted in a negative close.
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On a macro level, the Sensitive Price Index (SPI) rose 3.75% y-o-y (0.24% WoW), while LSMI production rose 8.3% y-o-y and 3.7% y-o-y in Oct-25.
On the company’s part, Lucky Cement has informed the PSX that its Board of Directors has approved participation, as part of a joint venture, in the ongoing privatization process of PIACL. In addition, MARI’s wholly-owned subsidiary Mari Minerals entered into a joint venture with Globacore Minerals for mineral exploration in Balochistan.
Among the major players, LUCK, MEBL, SYS, UBL and SRVI collectively added 389 points, while FFC, HBL, MLCF, BAFL and ENGROH collectively cut 408 points.
Market activity remained moderate, with 796 million shares traded and a total turnover of Rs 42.1 billion. KEL topped the volume chart with over 116 million shares.
The PSX ended the week on a positive note, gaining 1,540 points or 0.91%. The KSE-100 index opened at 170,550, hit a weekly high of 172,675 and recorded a low of 169,231 during the week. The benchmark finally settled at 171,405.
Looking ahead, with the Roll-over scheduled for next week, the market is likely to experience some selling pressure along with increased volatility, as is typically seen during this time each month.
The 170k level remains a key support to sustain the prevailing bullish momentum. a decisive break below this level could trigger a renewed consolidation phase of the KSE-100 Index.
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