However, selling pressure in the latter half of the trading day pushed the index down, closing at 113,252 points, a decline of 0.47 per cent.

Topline in its market report said that the market saw mixed contributions, with BAHL, NBP, AGP, MEBL, NML, and MLCF collectively adding 293 points to the index.

On the other hand, ENGROH, FFC, SYS, MARI, EFERT, and SEARL dragged the index down, contributing to a combined loss of 521 points.

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Trading activity remained significant, with NBP leading in traded value at $8 million, followed by AGP at $4.93 million, OGDC at $3.8 million, MLCF at $3.2 million, PPL at $2.88 million, and AIRLINK at $2.81 million.

The total traded volume stood at 471 million shares, while the total traded value reached Rs22.76 billion ($82 million).

Ahsan Mehanti of Arif Habib Corp said the market closed under pressure as investors opted for consolidation near the end of the earnings season, while government projections of a rise in CPI inflation next month added to concerns.

He noted that dismal earnings from PPL and OGDC, uncertainty over IMF-led corporate and provincial tax reforms, and questions surrounding IMF approvals for power tax relief and federal budget FY26 proposals contributed to the bearish close.