According to Arif Habib Ltd Sales, the volatility resumed around the key 48k pivot, leaving the potential for 46-47k support to be tested. It adds that OGDC PA (-3.58%), PPL PA (-4.29%), and MEBL PA (-2.39%) were the key blue chips that were sharply lower. Power names remained strong, with NPL PA (+7.5%) and NCPL (+5.47%).

BAFL PA and MEBL PA announced 1HCY23 earnings, reporting in line with AHL expectations.

48k remains the key heading into the Friday session.