Investors offloaded their holdings to book profits at sharply higher valuations following a rapid surge in the market over the past few days, during which it repeatedly touched new all-time highs.
In the morning, the bourse kicked off trading on a positive note, but it soon plunged to an intra-day low of 132,696. The benchmark KSE-100 index recovered and continued to fluctuate frequently until midday.
Afterwards, the market began a gradual ascent, surging to an intra-day high of 134,200. Before the end of trading, investors resorted to profit-taking, which wiped out most of the day’s gains.
The KSE-100 index closed higher by just 33.04 points, or 0.02%, settling at 133,403.19.
In its report, Arif Habib Limited (AHL) commented that the PSX saw a flat session on a day-on-day basis, despite rising above 134,000 earlier in the trading session.
Market Snapshot – July 8, 2025
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Some 41 shares rose while 57 fell, with Habib Metropolitan Bank (+3.87%), Askari Bank (+6.16%), and Meezan Bank (+0.95%) contributing the most to index gains. On the flip side, Fauji Fertiliser Company (-0.52%), Systems Limited (-1.09%), and Engro Fertilisers (-0.91%) were the biggest drags, it said.
The brokerage house noted that the KSE-100 index is projected to deliver a 27.4% return in FY26. Earnings growth for the fiscal year is expected to be 14%, excluding banks and exploration and production firms. However, overall earnings expansion, including all sectors, is projected at approximately 9.2%.
“Near-term index support now resides at 132,000 to 133,000, where upside is expected to resume,” AHL added.
Overall trading volumes increased to 1.2 billion shares, compared with Monday’s tally of 919.9 million. The value of shares traded was Rs42 billion. Shares of 480 companies were traded. Of these, 217 stocks closed higher, 231 dropped, and 32 remained unchanged.