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Pakistan Stocks Drop 3.2% for the Week as Oil and USIran Stalemate Weigh on Sentiment

Five straight losses drained trading interest, signaling fragile confidence.

Overview

  • The KSE-100, which fell 903 points Friday, finished the week down 3.2% at 165,596 after a five-session slide.
  • Trading thinned out, with average daily volume at 827 million shares and value at Rs25 billion for the week, while market capitalization fell by about Rs513 billion.
  • Analysts tied the decline to stalled USIran talks and Brent crude near $107–$109 a barrel, raising concerns about Pakistan’s import costs and inflation.
  • Index heavyweights BAHL, ENGROH, FFC, LUCK, UBL, OGDC and MEBL together shaved about 1,143 points from the benchmark, and foreign investors were small net sellers at Rs105 million.
  • New support measures had limited effect, as Pakistan raised RMB 1.75 billion via a three-year Panda Bond at a 2.5% coupon and the IMF set fresh benchmarks that include gas and power tariff resets.