The Pakistan Stock Exchange (PSX) ended Friday’s session in the red as investors resorted to profit-taking ahead of the upcoming roll-over week, despite the benchmark index touching a fresh all-time intra-day high earlier in the day.

"PSX witnessed a profit-taking day today as the market headed into the Roll-over week starting Monday," said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. The KSE-100 Index closed at 171,405 points, down 556 points or 0.32%.

The day unfolded in two distinct phases. During the morning session, the market extended yesterday’s bullish momentum and recorded a fresh intra-day all-time high of 172,675 points (+714 points; +0.42%). However, sentiment reversed in the afternoon as investors opted to close weekly positions, which weighed on the index and resulted in a negative close.

Read: Pakistan eyes January Panda Bond debut

On the macro front, the Sensitive Price Index (SPI) increased 3.75% YoY (0.24% WoW), while LSMI output grew 8.3% YoY and 3.7% MoM in Oct’25.

On the corporate side, Lucky Cement informed PSX that its Board has approved participation, as part of a consortium, in the ongoing privatisation process of PIACL. Additionally, MARI’s wholly owned subsidiary, Mari Minerals, entered into a joint venture with Globacore Minerals for mineral exploration in Balochistan.

Among major movers, LUCK, MEBL, SYS, UBL and SRVI collectively added 389 points, while FFC, HBL, MLCF, BAFL and ENGROH jointly shaved off 408 points.

Market activity remained moderate, with 796 million shares traded and a total turnover of Rs 42.1 billion. KEL led the volume chart with over 116 million shares.

PSX wrapped up the week on a positive note, posting a gain of 1,540 points or 0.91%. The KSE-100 Index opened at 170,550, touched a weekly high of 172,675, and recorded a low of 169,231 during the week. The benchmark eventually settled at 171,405.

Looking ahead, with the Roll-over scheduled for next week, the market is likely to face some selling pressure along with increased volatility, as typically observed during this period each month.

The 170k level remains a key support to sustain the prevailing bullish momentum; a decisive break below this level could trigger a renewed phase of consolidation in the KSE-100 Index.