Pakistan Stock Exchange (PSX) experienced selling pressure with the benchmark KSE-100 Index dropping nearly 500 points during the first half of trading, on Friday.
By 12 PM, the index stood at 116,636.80, reflecting a decline of 482.85 points or 0.41%.
Selling activity was noted across key sectors such as automobile assemblers, cement, chemicals, commercial banks, oil and gas exploration, OMCs, and power generation. Major stocks, including HUBCO, PSO, SHELL, MARI, OGDC, POL, MCB, MEBL, NBP, and UBL, traded in negative territory.
“Equities, particularly cyclicals, offer appealing opportunities for investors as the country gradually moves from stabilization toward growth,” stated Intermarket Securities in a research note.
