Market Wrap: Evening Chronicle July 9, 2025 - By AHCML Research
Jul 9 2025
Al Habib Capital Markets
- The market witnessed a sharp sell-off after a rally, hitting an intraday low of 132,326.17 points. Profit-taking dominated the session, while rumours of delays in circular debt payments further dampened investor sentiment. However, positive developments included DIB arranging USD 1 billion in sovereign financing for Pakistan, a surge in software services exports, which crossed USD 1 billion for the first time and total services exports rose to USD 7.65 billion, supporting the market and limiting further declines. The index closed at 132,576.98, down 826.21 points (- 0.62%). Major decliners included FFC, ENGROH, BAHL, PSO, and HBL, collectively dragging the index down by 396.74 points. TPLP led volumes with 65.91 million shares traded. Overall market volume stood at 905.74 million shares.