Bearish wave wipes out 908 points off KSE-100

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Stockbrokers seen near an electronic display board at the Karachi Stock Exchange, November 17, 2008 — REUTERS/File
Stockbrokers seen near an electronic display board at the Karachi Stock Exchange, November 17, 2008 — REUTERS/File

Pakistan’s benchmark stock exchange, KSE-100, closed in the red on Friday, down 908.91 points (0.5 per cent) from its previous close of 180,512.64 points.

The top active stocks were led by K-Electric Limited, rising 4.02pc to Rs8.55 at a volume of 131,137,671, followed by Pakistan International Bulk Terminal, which rose 0.72pc to Rs19.53 at a volume of 34,704,501, and Worldcall Telecom Limited, which fell 1.21pc to Rs1.63 at a volume of 33,828,798.

The top advancers were led by LSE Capital Limited, which rose to Rs2.30, a 25.68pc increase, followed by 786 Investments Limited, which rose to Rs16.25, a 10.02pc increase, and Apna Microfinance Bank Limited, which advanced to Rs21.74, a 10.02pc increase.

The top decliners were led by Grays Leasing Limited, falling 9.65pc to Rs20.78, followed by Saritow Spinning Mills Limited, falling 9.57pc to Rs28.17, and Shahtaj Sugar Mills Limited, falling 9.10pc to Rs152.71.

In company news, according to Topline Securities, Pakistan Petroleum Limited (PPL) reported its 2QFY26 results, posting earnings of Rs20.3bn, down 26pc year-on-year while remaining largely flat on a quarter-on-quarter basis (up 1pc). The brokerage house noted that the year-on-year decline is primarily driven by lower hydrocarbon production and weaker oil prices. Pakistan Petroleum Limited stock fell 0.38pc to Rs236.27.

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