PSX consolidates after volatile ride at 187,688-point mark

KSE-100 recovers modestly, ends up 0.35% amid high volume despite profit taking

KARACHI:

The Pakistan Stock Exchange (PSX) experienced a classic consolidation session on Thursday following recent record highs.

The benchmark KSE-100 Index opened strongly but faced profit-taking pressure, swinging from an intra-day high before closing modestly higher at 187,688 points, up 695 points, or by 0.35%.

"On the corporate side, Pakistan Oilfields informed PSX that its other than financial Board Meeting is scheduled on Jan 29, 2026," said Ali Najib, deputy head of trading at Arif Habib Ltd.

ENGROH, HUBC, EFERT, ATRL, and AICL, added a combined 607 points to the benchmark.

On the flip side, gains were partially offset by losses in UBL, HBL, BOP, FFC & MARI which together erased 217 points.

Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs49 billion.

KEL led the volume chart, with 195.8m shares.

"Going forward, another session of consolidation around 187k level cannot be ruled out," Najib said.