Pakistani stocks lose over 6,000 points due to heavy selling, regional tensions 

Stockbrokers walk under the digital board during a trading session inside the trading hall of the Karachi Stock Exchange, January 12, 2009. (REUTERS)
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Updated 29 January 2026
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Pakistani stocks lose over 6,000 points due to heavy selling, regional tensions 

  • KSE-100 index fell 6042.26 points or by 3.21 percent to close at 182,338.12 points, Pakistan Stock Exchange data states
  • Analysts say heavy selling triggered by Fauji Fertilizer Company’s earnings announcement, which fell short of expectations

KARACHI/ISLAMABAD: The Pakistan Stock Exchange (PSX) saw a massive drop of over 6,000 points on Thursday, which financial analysts attributed to heavy selling in the market and geopolitical tensions between Iran and the US. 

The KSE-100 index fell by 6042.26 points or 3.21 percent to close at 182,338.12 on Thursday evening, the PSX data showed, down from the previous close of 188,380.38 points.

The development took place as US President Donald Trump warned Iran this week that “time is running out” for the nation to negotiate a deal on its nuclear program, following the steady build-up of US military forces in the Gulf.

Meanwhile, Pakistani brokerage firm Topline Securities said equities witnessed a sharp sell-off in the stock market on Thursday, causing Pakistani stocks to plunge into a “severe downturn.”

“The steep decline was largely driven by Fauji Fertilizer Company’s (FFC) earnings announcement, which fell short of market expectations due to weaker-than-anticipated gross margins,” Topline Security’s Senior Equity Trader Naveed Nadeem said. 

Nadeem noted that the FFC, United Bank Limited (UBL), Engro Corporation (ENGROH), Oil & Gas Development Company (OGDC), and Hub Power Company (HUBC) collectively shaved 3,155 points off the benchmark index during the session.

Najeed Warsi, chief business officer at Al Habib Capital Markets, agreed. 

 “FFC’s [Fauji Fertilizer Company] below-expectation results didn’t help, triggering a sell-off,” he added. 

Ahsan Mehanti, CEO of Arif Habib Commodities, said geopolitical tensions between Washington and Tehran triggered the selling activity as well as the central bank’s recent decision to keep policy rate unchanged.

“Geopolitical uncertainty and SBP [State Bank of Pakistan] status quo in the policy rates projecting high inflation played a catalyst role in selling activity at PSX,” he said. 

Pakistan’s central bank held its key policy rate unchanged ​at 10.50 percent on Monday, defying market expectations for further easing. 


Imran Khan's sons fear for his health, seek visas to visit him in Pakistan

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Imran Khan's sons fear for his health, seek visas to visit him in Pakistan

  • Pakistani authorities say medical procedures are under way and reject opposition claims of neglect
  • Khan's sons say he should be moved to a proper medical facility and have access to private doctors

LONDON: Imran Khan's sons say they fear for their father's deteriorating health in a Pakistani ​jail and are seeking permission to visit the former prime minister, urging authorities to grant access after more than two years apart.

Khan's lawyer told Pakistan's Supreme Court last week that the ex-cricketer had lost significant vision in his right eye while in custody. A medical board said on Monday the swelling had reduced after treatment and his vision had improved.

Speaking to Reuters in London, where they are based, Khan's sons, Kasim and Sulaiman, 26 and 29, said they were uncertain about the medical report. They spoke to their father on Thursday for the first ‌time since September.

They ‌said their father usually avoids discussing his health, but during ​the ‌call ⁠he expressed ​frustration, ⁠saying he had been denied treatment for his eye for a few months.

"It's hard not to feel low at times because we've been away from him so long," Kasim said of his father, whom he and his brother call 'Abba', adding that he should be moved to a proper medical facility and have access to his private doctors.

Authorities say medical procedures are under way and reject opposition claims of neglect. The Supreme Court has sought details of his treatment.

JAILED SINCE AUGUST 2023

Khan, ⁠73, has been jailed since August 2023 after convictions he and his ‌Pakistan Tehreek-e-Insaf party call politically motivated.

Since his 2022 ouster ‌in a no-confidence vote, he has faced multiple cases, including ​over state gifts and an unlawful marriage. Some ‌convictions have been suspended or overturned, with appeals pending. He denies wrongdoing.

Kasim and Sulaiman were ‌raised in Britain after Khan's divorce from their mother, British socialite and filmmaker Jemima Goldsmith. They have not seen their father since November 2022 after he survived an assassination attempt. They said they applied for visas last month but have yet to receive a response.

"Maybe the establishment is worried that if we ‌go and see him it would create more noise, and just more attention to his situation," Sulaiman said, when asked why there ⁠could be a delay.

The Pakistani ⁠embassy in London and Pakistan's foreign ministry did not immediately respond to requests for comment.

Kasim said their immediate concern was his health, but there were other pressing issues, including "his freedom, abiding by correct human rights processes and also the rule of law and just ensuring that he's allowed a proper, fair trial".

Broadcast outlets have been restricted from airing Khan's name and speeches or even showing his image. Only a single court photograph has been publicly available since his imprisonment.

PTI swept to power in 2018 and retains a large support base across key provinces.

For four days, PTI supporters have blocked major highways linking Khyber Pakhtunkhwa to Punjab, stranding thousands of vehicles and affecting fuel and food supplies in some areas.

Asked if they had a ​message for Khan's supporters, Kasim asked them ​to "keep faith and keep fighting", adding: "It's the same kind of message we're trying to hold on to."