{
  "id": 12079720,
  "title": "PSX: selling at bourse, KSE-100 down over 1,300 points",
  "url": "https://urgent.news/2026/10/05/psx-selling-at-bourse-kse-100-down-over-1-300-points",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T05:04:12.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442684/psx-selling-at-bourse-kse-100-down-over-1300-points"
  },
  "original_language": "en",
  "account": "At the opening bell, the Pakistan Stock Exchange (PSX) benchmark KSE-100 Index experienced a sharp decline, plunging over 800 points within the first few minutes of trading on Monday. By 10:01am, the index was trading at 166,851.39, marking a loss of 1,304.10 points or 0.78%. The downturn was observed across various sectors, such as automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refinery. Notably, index-heavy stocks like PRL, NRL, HUBCO, MARI, OGDC, PPL, HBL, MEBL, NBP, and UBL were all trading in the red. The previous week saw significant losses as the PSX plunged by 2,609.74 points, or 1.5%, closing at 168,155.48 points due to stalled US-Iran negotiations, a global sell-off in sovereign fixed-income markets causing US Treasury yields to peak since 2002, and a widening domestic trade deficit eroding investor risk appetite. Globally, stocks opened strongly on Monday, with the dollar weakening and bonds steadying, as investors reduced expectations of aggressive policy tightening by the Federal Reserve following weaker-than-anticipated US jobs data. Market activity was sparse in Asia due to holidays in China, South Korea, and Australia's New South Wales, allowing Wall Street's moves from the previous Friday to dictate market sentiment. Recent US job growth slowed more than expected in September, and the nonfarm payrolls count for the preceding two months was revised significantly downwards, diminishing the likelihood of another rate hike this month. Consequently, investors have reduced the probability of a Fed rate increase to just 22%, down from 64% a week earlier. This shift in sentiment benefited Japan's Nikkei, which rose 2% early in the session, while Australian stocks climbed 0.5% and MSCI's Asia-Pacific index outside Japan gained 0.15%. Nasdaq and S&P 500 futures both increased by 0.3% and 0.1%, respectively, while EUROSTOXX 50 futures climbed 0.3% and FTSE futures rose 0.4%. This is an update based on intraday data.",
  "summary": "Selling was evident at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding more than 800 points in the opening minutes of trading on Monday. At 10:01am, the benchmark index hovered at 166,851.39, down 1,304.10 points or 0.78%. Selling was seen in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power…",
  "key_points": [
    "KSE-100 Index dropped 1,304.10 points to 166,851.39",
    "Decline occurred within first minutes of Monday trading",
    "Sectors affected include automobile, cement, banks and energy"
  ],
  "editors_take": "The sharp decline in PSX mirrors a broader sell-off in sectors sensitive to economic shifts, aligning with investor caution amid global market fluctuations and domestic trade concerns.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}