KARACHI: The KSE-100 Index demonstrated resilience by closing the week at 161,935 points, marking a 1.5 percent rise on a week-on-week basis, despite a 13 percent decline in average trading volumes. This slight increase was primarily supported by recoveries in the Cement, Exploration and Production, and Fertilizer sectors.

Investor sentiments remained uncertain as geopolitical tensions escalated between Pakistan and Afghanistan. The situation intensified with Kabul's announcement of a planned ban on Pakistani imports within the next three months.

On the legislative front, the government successfully passed the 27th Constitutional Amendment, indicating a significant political development during the week.

Internationally, the International Monetary Fund has set December 8, 2025, for its executive board meeting to consider disbursing the third tranche of $1.2 billion under the ongoing program. The government is actively pursuing approximately $1 billion in policy-based financing from the World Bank and Asian Development Bank, alongside preparations for a Eurobond issuance next year. Additionally, a $250 million Panda bond is anticipated to launch by year-end.

Economic indicators showed a budget surplus of Rs2.1 trillion in the first quarter of fiscal year 2026, accounting for 1.6 percent of GDP. The automobile sector posted a 33 percent year-on-year increase in sales for October 2025.

In a bid to rejuvenate the energy sector, the government revived offshore exploration by awarding 23 blocks, marking the first such initiative in 18 years. The recent Treasury bill auction raised Rs493 billion against a target of Rs550 billion, with yields remaining stable. The State Bank of Pakistan's reserves experienced a slight increase to $14.52 billion.