Overview
- The KSE-100 closed at 176,966.68, down 199.84 points after an intraday swing that saw a high of 178,122.87 and a low of 176,735.57.
- Trading showed heavy activity with about 920 million shares changing hands and a traded value near Rs43 billion as selling pressure intensified in the afternoon.
- The index has fallen from the week's open, recording a wider weekly decline of roughly 2,938 points as gains above 178,000 could not be sustained.
- Investors cited regional political and geopolitical tensions, uncertainty around the Strait of Hormuz and rising international oil prices as key factors weighing on sentiment.
- Market participants are watching upcoming Nvidia earnings and a Federal Reserve speech in Jackson Hole for signals on global risk appetite and interest-rate expectations.