According to Arif Habib Ltd Sales, a highly volatile session saw the KSE-100 continue to sell off before recovering in the second half of the day.

• Intra-day low saw the market -2.79% DoD before buying came in just above the 61k level.
• Key decliners on the day were ENGRO PA (-2.26%), OGDC PA (-2.38%), and LUCK PA (-1.98%), while the biggest index gainers were HUBC PA (+1.31%), MARI PA (+2.54%) and KEL PA (8.87%).
• To suggest a low has formed at 61k will require moves back above 64k.
• Max drawdown extended to -9 % at the 61k low; historically, corrections run their course around the 10% level in bull markets.