{
  "id": 14365205,
  "title": "Nervous selling drags index below 165,000",
  "url": "https://urgent.news/2026/10/14/nervous-selling-drags-index-below-165-000",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T03:40:18.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2037004/nervous-selling-drags-index-below-165000"
  },
  "original_language": "en",
  "account": "Political turmoil in Khyber Pakhtunkhwa state and uncertainty surrounding Pakistan's economic outlook have unsettled equity investors, resulting in nervous selling of stocks. Despite Finance Minister Asad Umar expressing confidence that GDP growth would surpass four percent this fiscal year, the Pakistan Stock Exchange (PSX) continued its downward trajectory, breaching the 165,000 mark for the first time. The KSE-100 index fell 347.97 points, or 0.21 percent, to close at 164,776.44, remaining range-bound throughout the trading session. The decline was largely driven by top stocks such as Pakistan Telecommunication Company, United Bank, Habib Bank, Lucky Cement, and Mari Energies, which together lost 343 points and added to the market-wide pressure. Trading volume surged 5.72 percent to 384 million shares, but the traded value fell 9.67 percent to Rs13.1 billion. Although the session opened higher after yesterday's sell-off and reached an intraday high of 166,071, profit-taking limited the recovery, pushing the benchmark into negative territory. While auto sales declined slightly in September, overall sales for the first quarter of fiscal year 2027 increased by 19 percent. Analysts anticipate market volatility to persist due to domestic political uncertainty, suggesting investors should exercise caution, focus on fundamentally sound stocks, and refrain from aggressive trading until market sentiment stabilizes.",
  "summary": "KARACHI: Amid political turmoil following the imposition of governor’s rule and an emergency in PTI-ruled Khyber Pakhtunkhwa, equity investors remained unsettled on Tuesday by the uncertain outlook. Economic concerns persisted despite the finance minister’s optimism that GDP growth would exceed four per cent this fiscal year, even with the oil shock. The Pakistan Stock Exchange (PSX) continued…",
  "key_points": [],
  "editors_take": null,
  "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."
}