PSX Closes Lower as KSE-100 Index Loses More Than 780 Points
Pakistan's KSE-100 index drops 784 points to close at 166,409.25 as selling pressure increases during Friday's trading session.
KSE-100 Index Ends Friday in Negative Territory
The Pakistan Stock Exchange (PSX) closed lower on Friday, October 30, as the benchmark KSE-100 Index shed 784.18 points, or 0.47%, to settle at 166,409.25 points.
The market experienced fluctuations during the session and initially recovered some losses. However, selling pressure increased in the second half of trading, pushing the index close to its intraday low of 166,326.69 points.
Selling Pressure Follows Previous Session's Gains
The decline came after the benchmark gained 1,456.68 points on Thursday to close at 167,193.43 points.
Investors faced pressure as several international markets also recorded losses. Technology stocks in Asia came under pressure amid concerns about heavy artificial intelligence investment and whether companies would generate sufficient returns.
The global decline added to cautious sentiment among investors.
Inflation Outlook Also in Focus
Pakistan's Finance Ministry projected inflation at 9.5% to 10.5% for October 2026, citing higher food and energy prices.
Market participants continued to monitor economic conditions and international developments while assessing the outlook for local equities.
Despite Friday's decline, the KSE-100 remained above the 166,000-point level at the close.
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