Pakistan Market Wrap: PSX Retreats from Highs Amid IMF Caution and Sectoral Pullback – By HMFS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">After a brief spell of optimism, the Pakistan Stock Exchange succumbed to profit taking on Tuesday, with the benchmark KSE-100 Index plunging over 1,755 points intraday before closing at 166,173.7, down 1,578.7 points (-0.94%). The sell-off was broad-based, led by commercial banks, cement, and power sectors, as investors opted to secure gains following the recent rally near record highs. Market participation remained robust, with 629.7mn shares traded on the KSE-100 and 1.26bn shares on the All-Share Index. PTC (181mn), BOP (135mn), and CNERGY (91mn) emerged as the most actively traded stocks, reflecting heightened retail and institutional activity despite the bearish tilt. Sentiment was largely shaped by uncertainty surrounding the ongoing IMF revi...