Pakistan Stock Exchange closes lower after volatile October session
The Pakistan Stock Exchange benchmark index ended October with a loss amid regional tensions and local political instability.
Market ends in negative territory
The KSE-100 Index closed at 166,409 points after shedding 3,560 points for the month. Analysts attribute this decline to foreign portfolio outflows and profit-taking in major stocks. Selling pressure intensified during the second half of the trading session on Friday.
Geopolitics and politics drive sentiment
Investor confidence faced headwinds from ongoing conflicts in the Middle East and emergency rule in Khyber Pakhtunkhwa. Global financial market volatility also contributed to cautious behavior among traders. Despite late-month recovery hopes, supply concerns kept oil prices elevated.
Inflation outlook remains high
The finance ministry projects inflation between 9.5% and 10.5% for October due to rising food and energy costs. This forecast aligns with current global economic trends affecting the region.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Dawn
Reported by
2 independent outlets. Headlines as published. Links open the original report.