Overview
- Tuesday’s close at 160,101 followed a 2,062-point decline and marked a fifth straight losing session, with an intraday low of 159,805 after early gains faded.
- Turnover stayed elevated near 1.01 billion shares with traded value around Rs36.9 billion, reflecting active repositioning during rollover week.
- The State Bank kept its policy rate unchanged at 11% for a fourth meeting, reinforcing a cautious mood alongside concerns about inflation and external pressures.
- Selling concentrated in index heavyweights such as Hub Power, Meezan Bank, HBL, UBL, OGDCL and Mari Petroleum, which collectively weighed on the benchmark.
- Strong quarterly results from Lucky Cement, Indus Motor and Pakistan State Oil did not reverse the slide, and the index has now fallen more than 8,300 points since the Oct 21 peak, erasing mid-October gains.