The index fluctuated between an intraday high of 171,392.63 and a low of 169,230.50, before closing at 169,933.85
Trading on the Pakistan Stock Exchange remained volatile throughout the session as the market struggled to find clear direction amid a mix of positive macroeconomic developments and sector-specific concerns. The KSE-100 closed slightly in the red, reflecting investor caution and the ongoing consolidation phase after the recent rally.
The index fluctuated between an intraday high of 171,392.63 and a low of 169,230.50 before settling at 169,933.85, down 133.44 points or 0.08% on a daily basis. Market sentiment remained mixed on news of encouraging external accounts data against industry-specific headwinds.
At the macro level, Pakistan’s Current Account posted a surplus of $100 million in November 2025, a marked improvement compared to a deficit of $291 million in October 2025. Adding to the positive narrative, IT exports grew 14% year-on-year to $356 million in November 2025, as industry key foreign exchange role in growth earned.
However, gains were limited by weakness in the energy space. Electricity production remained flat year-on-year at 8.05k GWh in November 2025, down sharply from 9.9k GWh recorded in October 2025.
KTrade Securities writes that the PSX experienced another session of the rally as profit-taking and apparent mutual fund buyouts weighed on select sectors, particularly cement and energy. The KSE-100 fell 133 points (-0.08% DoD) to close at 170,314.
Banks provided the only substantial support to the market throughout the session, contributing around 800 points to the index. The buying interest was led by key banks such as United Bank, National Bank, Habib Bank, Askari Bank along with Pioneer Cement strong Searle, Bank of Punjab.
Looking ahead, the broader market outlook remains constructive, supported by positive developments including the SBP rate cut, some progress in resolving the power sector’s cyclical debt and renewed US investment commitments in the Reko Diq project, KTrade predicted.
Total trading volume fell to Rs 1.068 billion shares against Tuesday’s tally of 1.176 billion. The value of shares traded amounted to Rs 51.7 billion. Shares of 483 companies were traded. Of these, 178 closed higher, 255 declined and 50 remained unchanged. Bank of Punjab was the volume leader with 90.7 million shares traded, up Rs 0.75 to close at Rs 37.86.
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