Fertilizer Rally Fails to Lift PSX as ENGRO, EFERT Drag KSE-100 into Red

The Pakistan Stock Exchange closed marginally lower on Tuesday as gains in selected fertilizer and banking shares were offset by heavy selling in large-cap industrial stocks.
The benchmark KSE-100 index slipped 384 points to close at 188,202.86, marking a modest 0.20% loss for the day.
Early Momentum, Late Pressure
The index initially showed strength, rising above the 189,500 level. However, the momentum could not sustain as investors locked profits, particularly in energy and fertilizer heavyweights.
Pullers Dominate Early Session
Market leader Fauji Fertilizer Company (FFC) was the biggest positive contributor, adding over 600 points to the index. Meezan Bank, Pakistan Petroleum, Systems Limited, and Bank Alfalah also attracted buying interest.
Traders said investors preferred fundamentally strong and dividend-paying stocks.
Draggers Reverse Gains
Selling in ENGRO and EFERT proved decisive. HUBC and Lucky Cement also faced pressure, wiping out earlier gains and pushing the market into negative territory.
Brokerage firms noted:
Sector rotation
Short-term profit-taking
Cautious positioning before upcoming results as key reasons for the decline.
Volumes Show Activity
Total traded volumes of 341 million shares indicated continued investor activity, suggesting the correction was technical rather than panic-driven.
Market View
Experts see the drop as a healthy consolidation after the market’s strong rally this year.