Dawn
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11:35 Jan 29, 2026
Pakistan’s benchmark KSE-100 index remained under pressure on Thursday, closing in the red at 182,338.12 points, a sharp slip of 6042.26 points, or 3.21 per cent, from its previous close of 188,380.38. Trading activity hit a volume of 413.82 million shares and a total traded value of Rs52.45 billion. All commercial banks, fertiliser, automobile assemblers, close-end mutual funds, leather and tanneries, oil and gas exploration companies, synthetic and rayon companies, tobacco, transportation, vanaspati and allied industries, along with woolen industries, were trading in the red. Maaz Mulla, vice president equity sales at Topline Securities, noted that “the sharp decline was primarily triggered by Fauji Fertilizer Company Limited’s result, which disappointed the market as earnings came in below industry expectations due to lower-than-anticipated gross margins”. Top decliners included Kohinoor Power Company Limited, which dropped to Rs44.60 followed by Said Textile Mills Limited, which fell to Rs36.61, and Kohin...