{
  "id": 18444181,
  "title": "PSX: selling engulfs bourse, KSE-100 sheds over 2,200 points",
  "url": "https://urgent.news/2026/11/06/psx-selling-engulfs-bourse-kse-100-sheds-over-2-200-points",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T04:44:01.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447725/psx-selling-engulfs-bourse-kse-100-sheds-over-2200-points"
  },
  "original_language": "en",
  "account": "The Pakistan Stock Exchange (PSX) experienced a sharp sell-off on Friday as trading opened, with the benchmark KSE-100 Index losing over 2,200 points in the early hours of the session. At 9:40am, the index was trading at 173,146.07, down 2,233.79 points or 1.27%. Analysts expect profit-taking to take place following the recent rally, as investors may prefer to lock in gains before the long weekend. Persistent geopolitical uncertainties and a stalemate in peace negotiations are expected to weigh on investor sentiment and keep the market cautious. Foreign exchange reserves held by the State Bank of Pakistan increased by $39 million to $21.56 billion, while Pakistan's external debt stock rose by 4% to $135.1 billion, with the majority of the debt coming from multilateral and bilateral creditors. On Thursday, the PSX continued its bullish trend, with a 3,366.38 point or 1.96% increase, taking the index to 175,379.87. However, globally, Asia's tech-heavy markets declined on Friday due to concerns over increased regulatory scrutiny and a slowdown in AI development. US stocks suffered their steepest drop since the \"Liberation Day\" rout in April 2025, with the Nasdaq falling 5.5% and $3 trillion wiped off S&P 500 companies. AI-related stocks, such as Samsung Electronics, SK Hynix, Kioxia, and TSMC, saw significant losses, with SoftBank Group also experiencing a 11% drop. The sell-off is expected to spread to European markets, as indicated by a 1% fall in European stock futures.",
  "summary": "After days of buying momentum, selling returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 2,200 points during the opening minutes of trading on Friday. At 9:40am, the benchmark index was hovering at 173,146.07, down 2,233.79 points or 1.27%. “We expect the market to witness some profit-taking today following the recent rally, as investors may prefer to…",
  "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."
}