PSX Closing Bell: A Heavy Red Finish

October 12, 2026 (MLN): The benchmark KSE-100 Index extended its decline on Monday, shedding 1,964.86 points or 1.18% to close at 165,124.41, as heightened geopolitical tensions dampened investor confidence and triggered broad-based selling across major sectors.

Persistent uncertainty surrounding regional developments kept investors cautious, with concerns over a potential escalation of geopolitical tensions weighing on risk appetite. Selling pressure intensified in banking, exploration, cement, and technology stocks, leaving the benchmark firmly in negative territory throughout the session.

The index traded within a range of 1,819.83 points, touching an intraday high of 166,988.32, down 100.95 points, before slipping to a low of 165,168.49, reflecting a decline of 1,920.78 points.

KSE-100 volume stood at 104.27m shares, while market breadth remained sharply negative as 85 index companies closed lower, 13 higher, and 2 unchanged.

PGLC led the losers with a decline of 5.19%, followed by BML (-3.58%), THCCL (-3.23%), KOHC (-2.99%), and PKGS (-2.93%).

On the gaining side, JDWS rose 2.09%, followed by COLG (+1.71%), PAKT (+1.60%), UPFL (+0.83%), and SCBPL (+0.80%).

UBL emerged as the biggest drag on the index, erasing 186.93 points, followed by OGDC (-131.40pts), HBL (-114.71pts), MEBL (-114.08pts), and LUCK (-97.95pts).

Meanwhile, COLG provided the highest positive contribution of 16.08 points, while PAKT, JDWS, UPFL, and SCBPL added 9.99pts, 5.38pts, 3.84pts, and 3.23pts, respectively.

Sector-wise, Commercial Banks accounted for the largest decline, dragging the index down by 734.42 points, followed by Oil & Gas Exploration Companies (-303.56pts), Cement (-260.02pts), Technology & Communication (-121.67pts), and Fertilizer (-117.71pts).

The index received limited support from Tobacco (+9.99pts), Sugar & Allied Industries (+5.38pts), Food & Personal Care Products (+4.00pts), Transport (+2.57pts), and Apparel (+0.80pts).

In the broader market, the All-Share Index settled at 100,157.69, recording a loss of 959.70 points or 0.95%.

Total market volume increased to 362.95m shares from 309.41m in the previous session, while traded value declined by Rs0.93bn to Rs14.51bn.

A total of 284,538 trades were recorded across 500 companies, with 135 stocks closing higher, 322 lower, and 43 remaining unchanged.

To note, the KSE-100 has lost 15,177 points or 8.42% during the fiscal year, whereas it has decreased 8,930 points or 5.13% so far this calendar year.

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