As o early trading hours, the KSE-100 Index was recorded at 159,572.81, showing a decline of 1,637.86 points or 1.02%.
The market opened under pressure following Thursday’s sharp surge, as investors opted for profit-taking after the previous day’s optimism-driven rally.
During the early trading session, the index moved within a range of 1,933.07 points, touching an intraday high of 161,435.83 (+225.16) and a low of 159,502.76 (-1,707.91).
The total volume of the KSE-100 Index stood at 41.57 million shares in the early hours of trading.
Out of the 100 index companies, 23 traded higher, while 9 remained untraded.
Among the top early losers were MEHT (-5.73%), UNITY (-4.17%), PKGS (-3.58%), MLCF (-3.21%), and ENGROH (-3.20%). On the other hand, top gainers included BNWM (+7.43%), DHPL (+6.60%), HGFA (+4.47%), PSEL (+4.27%), and GADT (+4.17%).
In terms of index-point impact, companies weighing down the index included ENGROH (-273.37pts), FFC (-138.73pts), LUCK (-129.09pts), UBL (-118.82pts), and HUBC (-102.47pts). Meanwhile, companies providing support to the index were PSEL (+37.33pts), ATRL (+30.08pts), DHPL (+18.36pts), THALL (+17.18pts), and OGDC (+12.86pts).
Sector-wise, the KSE-100 Index was dragged lower by Commercial Banks (-439.24pts), Cement (-259.86pts), Investment Banks / Investment Companies / Securities Companies (-250.38pts), Fertilizer (-191.54pts), and Technology & Communication (-126.02pts).
On the other hand, support came from Miscellaneous (+39.92pts), Refinery (+21.87pts), Automobile Parts & Accessories (+17.18pts), Modarabas (+1.97pts), and Engineering (+0.60pts).
In the broader market, the All-Share Index stood at 95,385.20, showing a loss of 712.08 points or 0.74%.
The early decline comes a day after the market posted a strong recovery, suggesting lock in gains after Thursday’s broad-based rally.
Market participants are also keeping a close watch on global developments and geopolitical tensions, which have recently contributed to heightened volatility across financial markets.
Trade Balance