• The KSE-100 closed the week at 175,329, down 2,368 points or 1.33%. Three of five sessions finished lower, and the damage was concentrated: Monday, Tuesday and Wednesday took 2,920 points out of the index between them.

  • Two things did it. Oil rose almost 3% on Monday as tension escalated around the Strait of Hormuz, with Brent back above $90 - unwelcome for a net importer. Then Tuesday's inflation print came in at 11.15% for August, up from 9.2% in July, and banks and cement led the market lower. By Wednesday the index had broken below 175,000, with 356 stocks falling against 113 rising.

  • Refineries were the exception, bid up ahead of expected plant upgrade agreements - Attock Refinery gained 8.44% and the sector rose 8.61% on Monday alone.

  • Thursday and Friday recovered 552 points as a global rally lifted sentiment. The index is still 21.7% above its 52-week low and 8.2% below July's record close. The IMF's fourth review is the next scheduled test.

Summary card for the Pakistan Stock Exchange KSE-100 benchmark, showing a close of 175,329, a fall of 2,368 points on the week, a one-year gain of 14.8% and market capitalisation of Rs19.6 trillion.

KSE-100 closed at 175,329 on 4 September 2026, down 1.33% for the week and up 0.73% year-to-date.

Line chart of KSE-100 daily closes for 31 August to 4 September 2026, falling from the prior Friday's 177,697 to a Wednesday low before recovering into Friday.

Daily KSE-100 closes, 31 Aug – 4 Sep 2026: three losing sessions cost 2,920 points, led by Wednesday's 1,690-point drop.

Table of the week's biggest Pakistan Stock Exchange gainers and losers: Attock Refinery up 8.44% and Cnergyico up 7.31% led a refinery sector rally, while Meezan Bank, MCB Bank, Bank Alfalah and Lucky Cement dragged the index down.

PSX weekly winners and losers: Attock Refinery +8.44% and Cnergyico +7.31% led, while banks and Lucky Cement dragged.

Card on Pakistani corporate and monetary news, covering Indus Motor's FY26 profit of Rs25.5 billion, up 11% year on year, its record cumulative payout of Rs195 per share, and a real policy rate of about 0.4%.

PSX outlook: Indus Motor's record Rs195 payout, refinery upgrade buying, a 0.4% real policy rate, and 175,000 as new support.

Chart placing the KSE-100 against its recent range: 21.7% above the 52-week low of 144,119 and 8.2% below the record close of 191,033, after a 1.0% decline over two weeks.

KSE-100 sits 21.7% above its 52-week low of 144,119 and 8.2% below July's record close of 191,033.

List of the events that moved the Pakistan Stock Exchange during the week, including oil rising 3% on Strait of Hormuz tension, August inflation at 11.15%, the index breaking below 175,000 on Wednesday and a Friday rally across Asian markets.

Five PSX volatility drivers in early September 2026: oil up 3%, CPI at 11.15%, the break below 175,000, and a Friday global rally.

Bar chart of weekly KSE-100 percentage changes over ten weeks to 4 September 2026, showing a net decline of 5.3% from 185,166 to 175,329.

Weekly KSE-100 changes from late June to 4 September 2026: four losing weeks in July, two August recoveries, net 5.3% down.

Card of Pakistan's August 2026 economic indicators: headline inflation 11.15%, transport costs up 20% year on year, a real policy rate of 0.4% and the rupee at 277.41 to the US dollar.

Pakistan, August 2026: inflation 11.15%, transport up 20% year-on-year, real policy rate 0.4%, rupee at 277.41.

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