Overview
- The KSE-100, which sank by more than 2,000 points by midday Friday, closed up 1,498 points at 170,672.04 after reports that Iran’s foreign minister would visit Islamabad.
- Trading swung from an intraday low near 166,381 to a high around 171,641 as early losses across banks, fertiliser, and oil and gas names gave way to broad late buying.
- Pakistan’s central bank said it has repaid $3.45 billion to the United Arab Emirates, a step that reduces foreign exchange reserves but shows the country met its debt on time.
- Turnover was heavy with 1.19 billion shares changing hands and Rs39.68 billion in value, while foreign investors were small net sellers at Rs99.6 million, according to the clearing data.
- For the week the index still fell about 2% on worries tied to US–Iran tensions near the Strait of Hormuz, a key oil route that can lift energy costs and pressure Pakistan’s market, with analysts eyeing 165,000–170,000 as a support zone.