Bearish run continues as KSE-100 index loses 376 points

Published
0

The Pakistan Stock Exchange (PSX) closed lower on Wednesday, with the benchmark KSE-100 Index losing 376 points, or 0.88 per cent, to close at 42,290.

Volumes on the exchange remained low, with only 146.8 million stocks worth Rs5.4 billion traded. Only 99 of the 364 symbols traded advanced while 241 declined and 24 remained unchanged.

"Market opened and traded in red territory from the word go as noise on political front due to appearance of country's finance minister before accountability court on corruption charges," an analyst's note from Elixir Securities said.

"Stocks closed bearish on investor concerns for an ADB development report warning over dismal economic outlook, external shocks and likely $14.5bn current account deficit," Ahsan Mehanti of Arif Habib Corporation noted.

The technology sector dominated trading with 26.1m shares traded, while commercial banks and textile spinning followed with 21.6m and 19.3m shares traded respectively.

Volumes were led by:

K-Electric Ltd: 13.7m shares traded [-2.03pc]

WorldCall Telecom: 13.1m shares traded [+2.91pc]

B.O.Punjab: 11.8m shares traded [-0.22pc]

TRG Pak Ltd: 10.9m shares traded [-4.76pc]

Kohinoor Spinning: 7.8m shares traded [+17.27pc]

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...