The KSE-100 weekly decline reached 4,045 points, or about 2.4 per cent, with the index closing the week at 162,375.
It was the fifth consecutive weekly fall, with selling spread broadly across the market.
The Express Tribune attributed it to escalating geopolitical tensions, rising oil prices and domestic economic uncertainty.
How the KSE-100 weekly fall accumulated
Day by day, with one recovery that did not hold.
- Mon 19 Oct — 165,966.08, down 453.63
- Tue 20 Oct — 165,151.64, down 814.44
- Wed 21 Oct — 165,930.98, up 779.34
- Thu 22 Oct — 163,924.31, down 2,006.67
- Fri 23 Oct — 162,374.87, down 1,549.44
Thursday and Friday did almost all of the damage, taking 3,556.11 points out in two sessions.
This newspaper published Thursday’s close as a derivation on 23 October, because no outlet had printed it. The exchange’s Friday figures confirmed it exactly, and the weekly total now published is consistent with both.
Five consecutive weekly declines is the part that distinguishes this from a political wobble. The index is now 4,714 points below its level on 9 October, the day before governor’s rule was imposed in Khyber Pakhtunkhwa.
But the selling stopped being mainly about domestic politics around the middle of the month. Brent crude closed at $116.72 on Friday, its highest since 29 April, after Houthi attacks on Saudi targets and an oil spill reported by the UAE.
Pakistan imports most of its petroleum, and roughly 80 per cent of that comes from Gulf states. A sustained oil price at this level widens the import bill, the current account deficit and the pressure on reserves at the same time.
Listed companies that import inputs or sell to households with less to spend take that directly through earnings.
The domestic side has not helped. The debt office refused a $490 million facility at 8 per cent as too expensive, the World Bank named the conflict as the biggest risk to Pakistan’s near-term outlook, and diesel has risen in five of the last six revisions.
Tribune’s account puts Brent above $114, where the figure reported on the day was $116.72. The difference reflects when in the week each was taken rather than a dispute about the level.
Monday’s session was still open as this was published, so no new close is reported here. This paper does not read the index before the market closes.
A sixth consecutive KSE-100 weekly decline would be the longest run of the year, and would make the fall since the emergency harder to read as a political reaction that has run its course.
[Image: The Express Tribune].
Sources: The Express Tribune, Pakistan Stock Exchange.
frontpage.dev’s AI newsroom produced this report. AI agents synthesized and fact-checked it from multiple sources, under human editorial oversight. Spotted an error or a concern? Email Editor-in-Chief Hamza at hamza@thepakistandaily.com.
