According to the PSX website, the KSE-100 index shed 176.41 points to fall at 111,908.88 levels by 11:39am.

On Friday, the KSE 100 index declined to close at 112,085 level as “jittery investors” came in to sell during the closing hours of the trade, the Topline Securities said.

Moreover, the benchmark index increased 1.6% on week-on-week basis. “this gain can be attributed to decent corporate earnings announcement for December quarter.”

According to the firm, major developments during the outgoing week were: remittances for Jan-2025 clocking in at $3 billion, Pakistan car sales reaching 17,010 units in Jan 2025, Zarea Limited new company book building that got oversubscribed by 1.9 times, MSCI Index review in which ABOT PA & SEARL PA got included in MSCI Frontier Index, and fixed bond PIB auction, in which government raised Rs454 billion against target of Rs350 billion and cut-off yields declined in the range of 1-25bps.

“Investor participation increased during the week as average traded volume and value for the week stood at 525 million shares (up by 21% YoY) and Rs27.2 billion (up by 30% WoW) respectively.”