On July 23, 2025, the Pakistan Stock Exchange (PSX) experienced a reversal as investors took profits following the rally on Tuesday. The KSE-100 Index fell by 165 points, or 0.12%, closing at 139,254.36 after peaking at an intraday high of 140,202.
The KSE-100 opened strong, climbing to 140,202, but selling pressure led to a retreat. KTrade Securities reported: “The PSX witnessed a mixed session as investors opted to book profits at market highs, leading to a slight pullback.” Of 479 traded companies, 193 stocks rose, 245 fell, and 41 remained unchanged. Trading volumes reached 193.4 million shares, valued at Rs 17.51 billion, with an intraday low of 139,105.
Market Snapshot – July 23, 2025
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— PSX (@pakstockexgltd) July 23, 2025Key drags included Engro Holdings (-1.23%), Habib Bank (-1.23%), MCB Bank, and Pakgen Power (-6.8%), subtracting significant points. Positive contributors were Bank AL Habib (+1.95%), Mari Petroleum (+1.04%), and Hub Power (+0.87%). Profit-taking ahead of July-end futures contracts drove the decline. KTrade expects volatility to persist due to:
- Earnings Season: Corporate Results May Sway Sentiment.
- Futures Rollover: Contract Expiries Add Uncertainty.
- Monetary Policy: The State Bank of Pakistan’s announcement on July 30 could impact investor confidence.
According to Arif Habib Limited (AHL), PIA Holding Company fell 1.2% amid updates on privatisation, which requires a Rs70 billion investment over five years. Pre-qualified bidders will begin site visits next week.
Systems Ltd (+0.91%) announced a potential acquisition in IT services, signalling growth ambitions. The market awaits further details, which could influence tech stock sentiment.
Pakistan’s $2.1 billion current account surplus in FY25 and $12.4 billion in foreign loans bolster macroeconomic stability, though global trade uncertainties and local volatility temper gains.
KSE-100 Performance Comparison
| Date | Closing Points | Change (Points) | Change (%) | Intraday High | Intraday Low |
|---|---|---|---|---|---|
| July 22, 2025 | 139,419.62 | +1,202.03 | +0.87% | 139,703.29 | 138,197.81 |
| July 23, 2025 | 139,254.36 | -165.26 | -0.12% | 140,202 | 139,105 |
Data sources: KTrade Securities, PSX posts on X.
The PSX’s dip reflects cautious profit-taking amid key events. Investors should closely monitor upcoming monetary policy and earnings announcements for direction in the market.
