Here is a look at how the trading week played out day by day.
Daily Breakdown (28 September – 02 October 2026)
- Monday, 28 Sep (Green Day | +825 pts):The market kicked off the week with strong buying momentum. Positive expectations around early fiscal revenue collections provided solid support, lifting the benchmark index to its weekly high of 171,580 points.
- Tuesday, 29 Sep (Red Day | -339 pts):Profit-taking set in swiftly. Fresh concerns over regional crude supply routes triggered selling across energy and banking blue-chips.
- Wednesday, 30 Sep (Red Day | -825 pts):Intensifying conflict between Saudi Arabia and Houthi forces in Yemen dampened hopes for a quick diplomatic solution. Heavies like PPL and UBL led the decline.
- Thursday, 01 Oct (Red Day | -1,332 pts):The index saw its heaviest decline of the week, hitting the weekly low of 166,141 points intraday. Sharp hikes in Treasury yields and Treasury bill auction results further drained equity liquidity.
- Friday, 02 Oct (Red Day | -461 pts):Despite late-day buying in selected fertilizer and tech stocks, overall market sentiment remained cautious ahead of the weekend. The index wrapped up at 168,155 points.
Key Weekly Stats at a Glance
| Metric | Value |
| Starting Index (25 Sep Close) | 170,765 points |
| Closing Index (02 Oct Close) | 168,155 points |
| Weekly Net Change | -2,610 points (-1.53%) |
| Weekly High | 171,580 points (Monday, 28 Sep) |
| Weekly Low | 166,141 points (Thursday, 01 Oct) |
| Average Daily Volume | 525 Million shares |
| Average Daily Value | $67.3 Million (PKR ~18.6 Billion) |
Market Drivers & Sector Performance
Commercial banks, cements, and exploration & production companies took the brunt of the selling pressure. Heavyweight names like PPL (-262 pts), UBL (-207 pts), PSEL (-151 pts), and HUBC (-115 pts) pulled the index lower. On the flip side, select stocks managed to stay green, led by ATRL (+67 pts) and POL (+32 pts).
Macroeconomic indicators provided a mixed backdrop. CPI inflation for September dropped to 10.3% YoY (down from 11.2% in August), and the FBR cleared its quarterly tax collection target by PKR 13 billion. However, a 21% surge in crude and oil product imports kept pressure on the external front, making traders wary of near-term import bill expansions.
The Road Ahead
All eyes remain on international energy trends, IMF program negotiations, and geopolitical developments across the Middle East. With the KSE-100 currently trading at an attractive price-to-earnings (P/E) ratio of 7.5x and a dividend yield near 6.7%, fundamental valuations look solid—though global news headlines will likely dictate market direction in the immediate short term.
