Pakistan Market Wrap: Index Settles Lower as Profit-Taking Tempers Bullish Start – By HMFS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The trading session opened on a bullish note as the KSE-100 index surged by 813 points intraday, supported by improving economic conditions, optimism over Pakistan&rsquo;s defence pact with Saudi Arabia&mdash;which strengthens the country&rsquo;s global positioning&mdash;and expectations of meeting IMF-set performance targets. However, as the session progressed, profit-taking emerged, with market participants capitalizing on elevated stock valuations following recent rallies.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">This led the index to retreat into negative territory before stabilizing toward the close. Ultimately, the benchmark settled modestly lower by 483 points at 157,554.66 level, reflecti...