Overview
- After heavy losses, the KSE‑100 jumped about 4,000 points intraday on Wednesday to roughly 177,200, reversing part of a two‑session slide.
- Monday’s session saw a steep one‑day drop of 5,149.79 points (2.87%) to 174,453.94, followed by a further 1,303.52‑point decline on Tuesday to 173,150.42.
- Analysts and trading data pointed to institutional liquidations and persistent foreign outflows as key drivers, with the National Clearing Company reporting foreign selling of roughly Rs3.3 billion on Monday and Rs1.69 billion on Tuesday.
- Macro signals improved as the State Bank reported a $121 million current‑account surplus for January and earlier data showed January remittances up about 15% year‑on‑year.
- Near‑term catalysts remain in focus with the IMF’s third‑review mission expected later in February and MSCI’s February rebalancing taking effect on February 27, which could spur stock‑specific flows and volatility.