The Pakistan Stock Exchange (PSX) saw a volatile session, with the KSE-100 fluctuating between gains and losses before finally closing lower at 163,806, representing a decline of 639 points, or 0.39%.
Investor sentiment remained cautious as participants chose to balance their positions ahead of the weekend. Heavyweights such as MARI, UBL, HBL, POL and ENGRO faced notable selling pressures, dragging the index down by a total of 381 points.
On the macro front, the Sensitive Price Index (SPI) for the week ended October 16, 2025, registered a 4.57% year-on-year and 0.49% weekly gain, reflecting persistent inflationary pressures.
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A survey by Arif Habib Limited showed broad market consensus for a status quo stance ahead of the upcoming Monetary Policy Meeting on 27 October 2025, with 87.5% of respondents expecting the State Bank of Pakistan (SBP) to keep the policy rate on hold.
Despite the cautious tone, market activity remained brisk, with 1.98 billion shares traded and a total value of PKR 36.9 billion. WTL led the volume charts with an impressive 891.3 million shares, reflecting sustained retail participation.
On a weekly basis, the PSX closed in positive territory, gaining 708 points (+0.43%), with the benchmark KSE-100 opening at 161,402, touching a high of 167,562 and falling to a low of 157,678 before settling at 163,806.
The PSX closed the week just below the 165–170 consolidation zone, maintaining its cautious tone. The index is expected to continue with a cautious tone in the coming sessions as investors await monetary data and macroeconomic clarity before taking new positions, said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.
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