Pakistan equities witnessed a sharp sell-off, with the market plunging into a severe downturn amid intense selling pressure. The KSE-100 Index tumbled by 6,042 points (-3.21 percent), closing the session at 182,338 points.
The steep decline was largely driven by Fauji Fertilizer Company’s (FFC) earnings announcement, which fell short of market expectations due to weaker-than-anticipated gross margins. Furthermore, market speculation had fueled expectations of a stock split or bonus issue—neither of which materialized.
This divergence between investor expectations and actual outcomes triggered panic selling, as participants rushed to lock in recent gains, exacerbating the downward momentum.
Heavyweight stocks including FFC, UBL, ENGROH, OGDC, and HUBC were the primary laggards, collectively shaving 3,155 points off the benchmark index during the session.
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| KEL | 7.12 | 7.46 | 7.03 | -0.18 | 104,156,675 |
| WTL | 1.67 | 1.72 | 1.66 | -0.04 | 48,363,248 |
| BOP | 39.53 | 41.53 | 39.17 | -1.76 | 31,338,262 |
| DSL | 7.98 | 8.29 | 7.61 | 0.29 | 31,027,733 |
| WAVESAPP | 11.01 | 11.41 | 10.38 | 0.64 | 30,667,217 |
| PTC | 60.43 | 64.79 | 59.8 | -3.61 | 25,820,981 |
| SSGC | 34.43 | 35.99 | 34.27 | -0.28 | 22,550,135 |
Despite the downturn, trading activity remained robust, with total volumes reaching 925 million shares and turnover valued at Rs. 66.2 billion. K-Electric (KEL) dominated the volumes chart, leading the market with over 104 million shares traded.
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Is a pump and dump
Why doesn’t govt take credit for it. Thanks to govt efforts it will crash further
After previous incompetent govt here we have another one with more lies and false indicators