Overview
- The benchmark closed at 159,096.79 after early gains faded, marking a second straight decline following Wednesday’s steep sell-off.
- Turnover climbed to about 957 million shares with traded value at roughly Rs30.4 billion, and market breadth showed 199 gainers against 230 decliners.
- Losses were led by UBL, Meezan Bank, OGDC, Maple Leaf Cement and Engro Holdings, which together shaved 285 points from the index.
- MSCI’s latest review will take effect after the Nov 24 close, adding Meezan Bank, Bank of Punjab and Askari Bank to the Frontier Markets Standard Pakistan Index, according to brokerage reporting.
- The slide follows Wednesday’s 1,703-point drop to 159,578, when foreign investors were net sellers of about Rs778 million and large-cap names collectively pulled the gauge lower.