PSX Falls About 632 Points in Volatile Morning Trading

Investor caution from the SBP’s 50bp rate hike to 12% alongside higher energy import costs has kept the market under pressure.

Overview

The benchmark KSE-100 was trading near 165,776.85 points by 12:29pm Monday after sliding about 632.40 points from Friday’s close, with an intraday high of 166,581.95 and low of 165,601.22.
Trading volume reached 101.08 million shares and the session’s traded value was Rs6.31 billion, signaling active selling rather than light markets.
Markets fell despite softer international crude prices following renewed talks between Iranian and Qatari officials, which eased some short-term oil disruption fears.
The State Bank of Pakistan’s Oct. 26 50 basis-point policy rate increase to 12% and concerns about Pakistan’s energy import bill and inflation are weighing on investor willingness to buy.
October losses of roughly 3,560 points and a brief late-month rebound have left confidence fragile, so traders and policymakers will watch crude moves, domestic inflation data and foreign portfolio flows for the next market direction.