Overview

• KSE-100 swung from an intraday high of 166,522.61 to a low of 164,155.32 before closing at 165,640.34, up 0.09% or 146.75 points.
• Trading volume rose to 1.63 billion shares with Rs69.6 billion in value, led by K-Electric at 299.7 million shares.
• The pullback followed two record sessions, including a 165,493.59 close on Tuesday and an earlier intraday peak of 166,556.29.
• Investor sentiment cooled after the ADB kept Pakistan’s FY2026 growth forecast at 3% and noted reform delays, with new disclosures to the IMF on flood-related export losses adding caution.
• Foundations of the recent rally remain in view, including the Rs1.225 trillion circular-debt financing package and strong local institutional buying, while foreign flows were mixed.