Overview
- The KSE-100 closed down about 784 points at 166,409 on Friday after selling intensified in the second half of trading and the index finished close to its intraday low.
- The market opened higher and briefly crossed 167,300 before repeatedly fluctuating and reversing into negative territory later in the session.
- Trading generated roughly Rs13.09 billion in turnover with about 235.53 million shares traded, showing active but sold-heavy flows on the final business day of the week.
- Local pressure came from a finance ministry projection that October inflation would run between 9.5% and 10.5%, and global shocks — deep losses in big tech stocks and a large crypto exchange hack — which reduced investor appetite for risk.
- The decline snapped a short rally and left the index down on the month by about 2.09; foreign investors sold sizable positions this period and rising inflation and oil costs could squeeze corporate profits and prompt further cautious flows in coming sessions.