Profit-taking halts rally as KSE-100 slips 450 points

Market activity with total traded volume 807 million shares.

KARACHI: The benchmark KSE-100 Index closed Monday’s session at 178,471 points, down 450 points (-0.25%), as profit-taking emerged following the index’s earlier intraday rally and the strong gains recorded over preceding sessions.

The index touched an intraday high of 180,507 points before easing to a low of 178,337 points as selling pressure intensified through the latter half of the session.

Market activity with total traded volume 807 million shares and traded value reaching approximately Rs36 billion.

On the index contribution front, heavyweight constituents FFC, BAHL, HBL, LUCK, and MCB emerged as the primary drivers of downward momentum, collectively contributing 326 points to the benchmark’s decline.