Overview
- KSE-100 closed at 157,496.10 on Friday, down 3,714.57 points (2.3%) after an early bounce to 161,435.83.
- The drop followed Thursday’s surge of 5,433.46 points to 161,210.68, driven by strong institutional buying in index heavyweights such as Hubco, OGDC, FFC, Engro and Meezan Bank.
- Turnover swelled to roughly 724 million shares on the rebound day then fell to about 354 million on Friday as breadth weakened and sellers dominated.
- Exchange data showed foreign investors were net sellers on the rally day by roughly Rs1.4 billion, contrasting with domestic accumulation.
- The market logged a sixth straight weekly decline of about 10,280 points (~6%) as Middle East tensions, rising oil prices and tighter shipping conditions stoked inflation worries before the State Bank’s rate decision, with surveys pointing to a 10.5% hold.