PSX dips slightly in post-rally consolidation

KARACHI:

The Pakistan Stock Exchange (PSX) witnessed a mixed trading session by midday on Thursday, April 9, 2026, as the benchmark KSE-100 Index hovered around the 165,700–166,800 level after opening near its previous close of 165,811 points.

According to the latest available data, the index stood at approximately 165,736 points, reflecting a marginal decline of about 74 points or 0.04% from the previous day’s close. The index touched an intraday high of 161,993 and a low of 166,812.93, indicating significant volatility in early trading before stabilising.

Trading activity remained robust, with total volume crossing 572 million shares valued at over Rs 33.95 billion in roughly 289,000 trades. Market breadth leaned negative, with 301 stocks declining, 168 advancing, and 96 remaining unchanged out of 565 active scrips.

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Sector Performance and key movers

Fertilizer and banking stocks, which led yesterday’s sharp rally following easing Middle East tensions, saw some profit-booking today. However, selective buying continued in cement, energy, and textile counters.

Notable gainers included certain textile names like Service Industries Textile (up over 2.8%) and Shadman Cotton, while some blue-chip stocks faced mild selling pressure.