On October 9, 2025, the Pakistan Stock Exchange (PSX) extended its losing streak, with the KSE-100 Index dropping 735.94 points, or 0.45%, to close at 164,530.81. The index hit an intraday high of 166,730 but fell to a low of 164,307 as heavy selling from local institutions and foreign corporates erased early gains. This marks the fourth consecutive session of declines.
Initial optimism stemmed from the progress made by the IMF. The IMF shared a draft Memorandum of Economic and Financial Policies (MEFP), and Finance Minister Muhammad Aurangzeb signalled a staff-level agreement soon. However, profit-taking dominated, driven by banking, power, and oil & gas sectors. Major drags included HBL (-3.09%), UBL (-1.27%), and NBP (-3.76%), wiping out 639 points. MCB Bank (+2.25%), Lucky Cement (+1.56%), and Engro Holdings (+1.27%) added 317 points, cushioning losses.
Arif Habib Limited (AHL) noted the 163,800–164,200 range as a key support level, with 164,307 as the day’s low. Persistent selling and lack of fresh triggers fueled volatility.
Read: Pakistan and IMF Near Staff-Level Agreement in 2025 Review Talks
Trading volume rose to 1.6 billion shares from 1.3 billion, with a traded value of Rs50.5 billion. Of 481 companies traded, 184 rose, 264 fell, and 33 stayed unchanged. K-Electric led volumes with 278.9 million shares, down Rs0.31 to Rs6.92. PTCL surged Rs2.31 to Rs35.68 on 119.9 million shares, boosted by a Topline report valuing it at Rs65. Foreign investors sold Rs166 million in shares.
The State Bank reported remittances up 8% year-on-year to $9.6 billion in Q1 FY26, with September at $3.18 billion (+11%). Meanwhile, Indus Motor sought clarity on used vehicle import rules
The KSE-100’s decline reflects investor caution amid flood impacts and IMF scrutiny. Sustained selling pressures signal market fragility, with key levels to watch.
