Overview
- The KSE-100 closed at 181,456.34 on Thursday, down 1,113.48 points or 0.61%, after a weak session marked by broad profit-taking and risk aversion.
- Early Friday trade reversed some losses as the index jumped to an intraday high of 184,645.65, with traders citing talk of US–Iran de-escalation and softer policy bets.
- Reports of possible US action against Iran and precautionary evacuations, including at Al Udeid in Qatar, were key drivers of earlier selling and wider intraday swings.
- Energy outperformed against the weak tape, with Oil & Gas Development Company and Pakistan Petroleum posting gains, while banks, fertiliser, cement and tech lagged.
- Turnover eased to about 820 million shares and Rs46 billion on Thursday from roughly 1.03 billion and Rs66 billion a day earlier, with foreign investors net sellers by roughly Rs648–707 million and analysts guiding a range-bound, buy-on-dips approach.