KSE-100 closes below 163,000 as Middle East tensions rise
The PSX website stayed down from morning until late night without an official explanation, while the market expects a 50 basis-point rate rise at the State Bank's meeting on Oct 26.
The KSE-100 index closed down 1,549.44 points, or 0.95 per cent, at 162,374.78 on Friday, its second straight losing session.
The index hit an intraday high of 163,987 before renewed selling pushed it below 163,000.
Turnover was Rs18bn on 384 million shares, with Pervez Ahmed Co leading volume at 32.6 million shares.
The PSX website was down from the morning until late night, and the exchange has not explained the outage.
The market expects a 50 basis-point increase in the policy rate at the State Bank's Monetary Policy Committee meeting on Oct 26.