Overview
- The KSE-100 dropped 1,703.58 points, or 1.06%, to close at 159,578.19 after a brief early gain and an intraday low of 159,217.
- Analysts attributed the decline to a lack of fresh triggers following results season and profit-taking at richer valuations.
- Fauji Fertiliser, Engro, Lucky Cement, Meezan Bank and Systems Limited collectively shaved about 902 points from the index.
- Activity stayed strong with roughly 860.3 million shares changing hands and Rs34.8 billion in traded value, led by K-Electric, Hascol Petroleum and WorldCall Telecom.
- Foreign investors were net sellers of around Rs778 million, while investors also noted the IMF board’s early-December review and a Chromebook assembly plan targeting 500,000 units annually by 2026.