Overview
- The market staged a strong, broad‑based rally on Thursday that lifted the KSE‑100 by about 2,838 points to roughly 178,124 as buyers piled into blue‑chip names.
- Selling accelerated on Friday when fresh US‑Iran strikes and concerns about higher oil prices prompted investors to book gains, knocking the index down about 2,320 points to finish the week near 175,802.
- Trading was active across the week with daily volumes peaking near 737 million shares and a one‑day traded value around Rs34.6 billion, while reported foreign net buying totaled roughly Rs2.53 billion during the rally session.
- Domestic macro news added pressure: official data showed a June current account deficit of $649 million and a higher real effective exchange rate, while corporate earnings (notably Lotte Chemical’s strong quarter) briefly supported the mid‑week rebound.
- The swings erased about Rs712 billion of market value over the week and left market breadth decisively negative, leaving investors watching geopolitical headlines, oil prices and the incoming earnings calendar for the next direction.