PSX Closing Bell: Bears Flip the Script

The KSE-100 fell 784.18 points, or 0.47%, to 166,409.25 on Friday, October 30, Mettis Global reported. Heavy selling left 69 index constituents lower, 30 higher and one unchanged; turnover in the benchmark reached 235.53 million shares. The index had climbed to 167,338.72 earlier in the session before sliding to 166,326.69.

Commercial banks made the largest negative sector contribution, followed by cement and refinery stocks. UBL, LUCK and HBL were the biggest individual drags, while EFERT contributed the most support; CPHL topped the gainers and IBFL led the fallers. Mettis Global also cited rising crude prices and Middle East tensions as concerns for import costs and investor sentiment. The broader All-Share Index lost 457.17 points to close at 100,707.77.