- The KSE-100 index closed at 160,101.02 points, down 2,062.79 points.
- Session low recorded at 159,805.34 points, down 2,358.47 points.
- The index recorded an intraday high of 163,380.67, up 1,216.86 points.
The stock market extended its decline on Tuesday as investors booked profits after a prolonged rally, while concerns over inflation, current account pressures and global economic uncertainty weighed on sentiment.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index settled at 160,101.02 points, down 2,062.79 points, or -1.27 percent, from the previous close of 162,163.81.
During the session, the index reached an intraday high of 163,380.67 points, up 1,216.86 points, or 0.75%, before falling to a low of 159,805.34 points, reflecting a decline of 2,358.47 points, or 1.45%.
“The market is undergoing a correction after the massive rally. With the earnings season coming to an end, the market will look for fresh momentum for its next move,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities. “Concerns about the current account and inflation also play a role,” he added.
Investor confidence further dampened after the State Bank of Pakistan (SBP) on Monday decided to keep its policy rate unchanged at 11% for the fourth consecutive meeting, citing an improving growth outlook and a lighter-than-expected impact of recent floods. The central bank’s decision was in line with market expectations.
Meanwhile, the World Bank maintained its FY26 growth forecast at 3%, warning that Pakistan’s economic recovery remains limited due to tight fiscal policies and exposure to climate risks. The lender expects growth to improve to 3.4% in FY27, subject to continued reforms and macroeconomic stability.
The Finance Division expects Consumer Price Index (CPI) inflation to remain at 5-6 percent in October, following 5.6 percent in September, up from 6.9 percent in the same month last year. During July-September FY26, inflation averaged 4.2% compared to 9.2% in the corresponding period of FY25.
In the previous session, the benchmark index closed at 162,163.81 points, down 1,140.32 points, or 0.7 percent, after trading between a high of 163,570.83 points and a low of 161,766.61 points.
