PSX: selling continues, KSE-100 down over 1,300 points

Business Recorder reported that the KSE-100 was at 162,589.30 around noon on Friday, down 1,335.01 points, or 0.81%, in the first half of trading. Arif Habib Limited research head Sana Tawfik attributed the weakness to softer global markets and higher oil prices, alongside investor caution before Monday’s monetary policy announcement and expectations of a rate increase.

Selling extended across several sectors, including commercial banks, oil and gas exploration, and power generation. HUBCO, MARI, PPL, POL, MCB, MEBL, NBP and UBL were among the index-heavy shares trading lower. The market had already lost 2,006.67 points on Thursday, while Asian shares also declined on Friday amid concerns about AI-related investment and funding needs.