The KSE-100 index experienced significant volatility, dropping over 1,100 points during intraday trading, closing at 168,412.23, down 1,085.12 points or 0.64%. This decline follows a recent 1% interest rate hike by the State Bank of Pakistan, which has led to broad-based selling across key sectors such as commercial banks and oil and gas exploration. Investors are reacting to these developments, compounded by global market uncertainties, including geopolitical tensions and tech sector performance ahead of major earnings announcements.
BUSINESSPublished 29 Apr 2026 • Published 4h ago • Updated 33m ago
KSE-100 Index Drops Over 1,100 Points Amid Interest Rate Hike
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The KSE-100 index faced renewed selling pressure, shedding over 1,100 points during intraday trading, closing at 168,412.23. This follows a 1% interest rate hike and uncertainty ahead of the IMF's crucial approval on May 8, which is expected to stabilize Pakistan's economy amidst a challenging retail sector.
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