Overview
- The Pakistan Stock Exchange closed lower after a late sell-off that wiped out early gains, with the KSE-100 finishing near its intraday low.
- The index settled at 166,409.25, down 784.18 points or about 0.47 percent from the previous close.
- Trading began with sharp swings around the 167,000 level but selling intensified in the second half of the session and pushed the market into negative territory.
- Pakistan’s finance ministry projected October inflation of 9.5 to 10.5 percent, and investors reacted to large falls in major tech names and reports of a Binance security breach.
- Market turnover remained active and the move leaves investors watching upcoming domestic inflation data and further global tech or crypto developments for clues on direction.