Overview
- The KSE-100 staged a late-session recovery on Friday, rising about 1,646.82 points to close near 170,512 after plunging earlier in the day to an intraday low around 166,141.
- A spike in global oil prices tied to renewed US–Iran tensions and Houthi attacks triggered the midweek sell-off, with Brent crude reaching roughly $109.97 a barrel before reports of talks eased the market.
- Trading activity expanded on the rebound, with ready-market turnover near 687.5 million shares and a traded value close to Rs33.7 billion while foreign investors were net sellers of about Rs1.8 billion.
- The index finished the week down about 2.75% as investors weighed higher fuel costs, rising inflation risk and the possibility of interest-rate responses under Pakistan’s new daily fuel pricing system.
- Market watchers say the rally is fragile because geopolitical shifts will keep oil prices volatile and the IMF staff mission due September 23 will be the next major trigger for investor sentiment.