Pakistan Market Wrap: KSE-100 Pulls Back After Strong Rally, Correction Phase Takes Hold – By HMFS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">After a week of sustained rallies, the KSE-100 index entered a corrective phase today, reflecting profit-taking pressure from investors. The benchmark declined sharply by 2,318 points during intra-day trade before partially recovering to close at 149,235, down 1,356 points from the previous session. The market&rsquo;s initial downturn was primarily driven by investors realizing gains at elevated levels, compounded by concerns over Pakistan&rsquo;s July fiscal deficit, which reinforced a cautious sentiment regarding the macroeconomic outlook.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Trading activity for the day remained strong with 426mn shares exchanged on the KSE-100 and 1,061mn shares across th...