Overview
- The KSE-100 closed at 166,409.25 after a late-session sell-off that erased gains from an earlier four-session recovery, falling about 784 points on October 30.
- Official clearing data showed foreign investors net sold roughly Rs6.2 billion, a move that analysts say intensified the downward pressure on the benchmark.
- Trading volume remained high with about 825.47 million shares changing hands but traded value dropped to roughly Rs23.12 billion as activity concentrated in lower-priced and energy names.
- Losses were concentrated in heavyweight stocks such as United Bank, Lucky Cement, Habib Bank, Fatima Fertilizer and Attock Refinery, which together removed a large portion of the index’s gains.
- The pullback underlines vulnerability to higher global crude prices and foreign portfolio flows and could translate into tighter domestic inflation and borrowing-cost worries for households and firms if oil stays elevated.