Particle.news
Download on the App Store

PSX Surrenders Early Rally as KSE-100 Closes Down 248 Points

Late profit-taking reversed early gains after fresh current‑account deficit data chilled risk appetite.

Overview

  • The benchmark jumped to an intraday high of 163,602 before closing at 161,687, down 248 points or 0.15%.
  • Traders locked in profits after recent gains, with caution heightened by an October current‑account deficit of $112 million.
  • Market participation strengthened to about 1.21 billion shares and Rs41 billion in value, with K‑Electric leading volumes.
  • Foreign investors were net sellers of Rs341.8 million, according to NCCPL.
  • Roughly 65% of value traded was in Shariah‑compliant stocks, and sentiment was further pressured by law‑and‑order headlines cited from The Economist.