The KSE-100 closed the week of 12–16 October at 166,420, a loss of 670 points or 0.40% week-on-week. The calendar-year decline deepened to –4.39%, and the ten-week chart now shows eight losing weeks out of ten - including four consecutive - with the index down roughly 8.3% over that stretch. At 166,420 the market sits 12.9% below its record high of 191,033 and 15.5% above its 52-week low of 144,119.
The week opened with the sharpest single-session drop: Monday fell 1,965 points after the federal government imposed emergency and governor rule in Khyber Pakhtunkhwa, a move that rattled investor sentiment across the board. The 14 index banks shed a combined 734 points on Monday alone, with UBL down 187 points, OGDC 131, and HBL 115. Tuesday extended the slide by a further 348 points as early gains faded and PTCL added to the drag, pushing the intraday low below 164,800 - the weakest level in several months. Then the recovery began. Wednesday rose 641 points on refinery buying and value-hunting in beaten-down names, with Engro Holdings leading a five-stock cluster that added 381 points. Thursday continued the run with +769 points, Fauji Fertilizer providing a steady Tue–Thu lift throughout. Friday added a modest 234 points on bank and technology buying - Systems Ltd contributed 82 points and AGP gained 4.11% - but the three-session total of 1,643 points was not enough to reclaim Monday’s 1,965-point loss.
The economy data offered modest support. SBP reserves edged up to $21.47 billion, September car sales reached 15,100 units - up 19% quarter-on-quarter - and value buying in Engro Holdings and Lucky Cement through the recovery sessions suggested institutional conviction at current levels. The more significant signal from the week, however, came from inside the Monetary Policy Committee: three of ten MPC members voted for a 100 basis point rate hike at the latest meeting, a hawkish minority that the market had not fully priced in.
The MPC vote is the detail that lingers. A majority held rates, but a 3-of-10 split for a 100bp hike - against a backdrop of Brent near $106 and an inflation trajectory that has been creeping back up since September - signals that the rate-cut cycle the market spent most of 2026 anticipating may be further away than consensus assumed. Combined with ongoing political noise around KPK and oil that shows no sign of retreating, the path to fresh highs looks harder from here. The 164,000–165,000 zone, tested briefly on Tuesday, is the level to watch; holding it matters more than any single session’s recovery.
Pakistan's benchmark KSE-100 index ended Friday 16 October 2026 at 166,420, down 0.40% week-on-week and 4.39% lower so far in calendar 2026.
KSE-100 daily closes for 12–16 October 2026: a 1,965-point fall on Monday and a further 348-point loss on Tuesday, followed by gains on Wednesday, Thursday and Friday totalling 1,643 points.
Top PSX movers this week included Systems Ltd, Fauji Fertilizer, AGP and K-Electric, while UBL, OGDC, HBL and the large banks were the biggest drags on the KSE-100.
Three straight gaining sessions, buying in Engro Holdings and Lucky Cement, SBP reserves of $21.47bn and 19% higher quarterly car sales are the main positives for the Pakistan stock market outlook.
At 166,420 the KSE-100 is 15.5% above its 52-week low of 144,119 and 12.9% below its record high of 191,033.
Emergency rule in Khyber Pakhtunkhwa, Brent crude near $106 a barrel and expectations of an SBP rate hike drove the Pakistan Stock Exchange during the week of 12–16 October 2026.
Weekly KSE-100 performance from August to October 2026 shows eight losing weeks out of ten, including four in a row, with the index down about 8.3% over ten weeks.
Pakistan economic data this week: SBP reserves at $21.47bn, three of ten MPC members voting for a 100bp rate hike, Brent crude near $106 and September car sales of 15,100 units.