PSX down 4,045 points amid ME wars

The KSE-100 dropped 4,045 points, or 2.4%, over the week to 162,375, extending its losing run to five weeks. The Express Tribune reported that rising geopolitical risks, higher oil prices and uncertainty at home weighed on trading, with the index falling below 166,000, 164,000 and 163,000.

Trading was negative on four of the five sessions. A 779-point gain on Wednesday was outweighed by losses of 2,007 points on Thursday and 1,550 points on Friday, while average volumes fell 13% to 393 million shares.

The weekly market review also highlighted a 21.1% expansion in the trade deficit to $9.33 billion in 1QFY27 and August large-scale manufacturing growth of 0.67%. Brent crude finished above $114 a barrel, while the government’s FY26 GDP growth estimate was revised to 3.65% from 3.70%.