The index oscillated between an intra-day high of 171,392.63 and a low of 169,230.50, before closing at 169,933.85
Trading at the Pakistan Stock Exchange remained choppy throughout the session, as the market struggled to find clear direction amid a mix of positive macroeconomic developments and sector-specific concerns. The benchmark KSE-100 index ended slightly in the red, reflecting investor caution and a continued consolidation phase following recent upside.
The index oscillated between an intra-day high of 171,392.63 and a low of 169,230.50, before closing at 169,933.85, down 133.44 points, or 0.08% on a day-on-day basis. Market sentiment remained mixed on news of encouraging external account data against sector-specific headwinds.
On the macro front, Pakistan’s Current Account posted a surplus of $100 million in November 2025, a notable improvement compared to a deficit of $291 million in October 2025. Adding to the positive narrative, IT exports surged 14% YoY to $356 million in November 2025, reinforcing confidence in the sector’s structural growth and its role as a key foreign exchange earner.
However, gains were capped by weakness in the energy space. Power generation remained flat on a year-on-year basis at 8.05k GWh in November 2025, and declined sharply from 9.9k GWh recorded in October 2025.
KTrade Securities write that PSX witnessed another range-bound session, as profit-taking and apparent mutual fund redemptions weighed on select sectors, particularly cement and energy. The KSE-100 index edged down by 133 points (-0.08% DoD) to close at 170,314.
Banks provided the sole meaningful support to the market throughout the session, contributing approximately 800 points to the index. Buying interest was led by key banks including United Bank, National Bank, Habib Bank, Askari Bank alongside strength in Pioneer Cement, Searle, the Bank of Punjab.
Looking ahead, the broader market outlook remains constructive, underpinned by positive developments including the SBP’s policy rate cut, partial progress on resolving power-sector circular debt, and renewed US investment commitments in the Reko Diq project, KTrade predicted.
Overall trading volume decreased to Rs1.068billion shares versus Tuesday’s tally of 1.176billion. Value of traded shares stood at Rs51.7billion. Shares of 483 companies were traded. Of this, 178 closed higher, 255 declined and 50 remained unchanged. The Bank of Punjab was the volume leader with trading in 90.7million shares, rising Rs0.75 to close at Rs37.86.
