Overview
- The KSE-100 slid about 1,549 points to close near 162,375 on Friday, extending its weekly decline to roughly 2.43 percent.
- Trading was heavy with roughly 399 million shares changing hands and a traded value near Rs18 billion, while 311 stocks fell and 136 rose.
- The National Clearing Company reported foreign investors sold about Rs416.6 million of shares during the session.
- Large-cap moves were concentrated: Fauji Fertiliser, Pakistan Services and Askari Bank supported the index while Meezan Bank, Engro and Lucky Cement were the biggest drags.
- Analysts flagged that higher oil prices and the looming State Bank policy decision increase downside risk, with technical notes pointing to potential falls toward 160,000 and resistance near 166,000, a shift that could add pressure to Pakistan’s external and fiscal outlook.