Karachi, October 9, 2025 – The Pakistan Stock Exchange (PSX) faced another day of turbulence as the benchmark KSE-100 index extended losses for the fourth straight session on Thursday. Investors remain on edge amid rising uncertainties, sending shockwaves across the market.
On Thursday, the KSE-100 index declined by 736 points, closing at 164,531 points from the previous day’s 165,267 points. Over the first four days of the week, the index has cumulatively lost 4,459 points, having started at 168,990 points on October 2, 2025. During intraday trading earlier this week, the KSE-100 index had flirted with the 170,000-point mark, raising expectations for strong market performance.
Despite positive economic developments, including an improved GDP growth report and a successful IMF review meeting, the market remained unimpressed. Analysts attribute the decline to heavy selling from local institutions and foreign corporates.
Topline Securities Limited reported that the market initially opened on a strong footing, with the KSE-100 index rising to an intraday high of 1,463 points, fueled by optimism over the draft Memorandum of Economic and Financial Policies (MEFP) shared by the IMF with the Ministry of Finance. Confidence increased after Finance Minister Muhammad Aurangzeb stated that Pakistan had met all IMF targets and a staff-level agreement is expected once the MEFP is signed.
However, gains were quickly erased as significant selling pressure dragged the index down to an intraday low of 959 points. By the session’s close, the KSE-100 index settled at 164,530, down 735 points or 0.45%. Major contributors to the decline included HBL, UBL, NBP, SYS, and BAFL, collectively shaving 639 points off the index, while selective buying in MCB, LUCK, and ENGRO provided a partial cushion of 317 points.
Despite the market decline, trading volumes remained active at 1.56 billion shares, though traded value fell to PKR 50.4 billion. PTC saw robust investor interest, trading 119 million shares in the green after a positive valuation report from Topline Securities. KEL led volume activity with 278 million shares changing hands.
As the KSE-100 index navigates this uncertain phase, investors continue to watch for signals from both local and global markets to gauge the path forward for Pakistan’s bourse.