PSX Plummets 700 Points in Range-Bound Trading Session

Pakistan Stock Exchange’s KSE-100 Index closed near 170,480 points on Friday, down about 700 points from the previous session.

Topline Securities noted a range-bound trading session, with the index fluctuating within a narrow band before closing at 170,479 points, marking a decline of 0.41%.

The proposed Single Stock Options Market aims to improve risk management, boost liquidity, and expand investment options for market participants.

Limited progress in US-Iran peace talks and ongoing regional tensions contributed to cautious market activity this week.

Positive contributions came from PSX, JVDC, KTML, MTL, and NPL, adding 138 points to the index. Conversely, UBL, OGDC, PPL, MCB, and MEBL subtracted 476 points.

In terms of traded value, MLCF led with Rs1.33 billion, followed by TRG at Rs1.02 billion, PTC at Rs992 million, DGKC at PKR705 million, OGDC at Rs655 million, and PPL at PKR635 million. The day’s total trading volume was 726 million shares, valued at Rs27 billion.