PSX Closing Bell: A Quiet Exit for Bulls

June 05, 2026 (MLN): The benchmark KSE-100 Index extended its decline on Friday, closing at 170,478.94, down by 696.56 points or 0.41%, as investors opted for profit-taking in heavyweight banking and energy stocks despite positive activity in selected sectors.

The index traded within a range of 1,848.27 points, reaching an intraday high of 172,102.91 (+927.41 points) and a low of 170,254.64 (-920.86 points).

Total traded volume in the KSE-100 Index stood at 174.95 million shares.

Out of the 100 index companies, 45 closed higher, 54 declined, while one remained unchanged, reflecting a mixed but slightly negative market breadth.

Among the top losers were HCAR (-2.50%), PPL (-1.74%), NATF (-1.52%), ATRL (-1.45%), and BOP (-1.34%).

On the gaining side, PSX (+10.00%), PGLC (+9.78%), KTML (+4.36%), NPL (+3.50%), and GAL (+3.35%) posted strong gains.

In terms of index-point contribution, UBL (-157.79pts), OGDC (-95.85pts), PPL (-94.78pts), MCB (-72.64pts), and MEBL (-54.92pts) weighed heavily on the benchmark.

Meanwhile, PSX (+65.06pts), JVDC (+22.83pts), KTML (+19.49pts), MTL (+16.51pts), and NPL (+14.46pts) helped limit losses.

Sector-wise, the market was dragged lower by Commercial Banks (-375.21pts), Oil & Gas Exploration Companies (-234.58pts), Fertilizer (-65.82pts), Cement (-60.56pts), and Power Generation & Distribution (-39.99pts).

Support came from Inv. Banks / Inv. Cos. / Securities Cos. (+62.03pts), Automobile Assembler (+29.23pts), Property (+22.83pts), Textile Composite (+11.49pts), and Automobile Parts & Accessories (+9.39pts).

In the broader market, the All-Share Index closed at 102,885.53, posting a decline of 297.61 points or 0.29%. Total market volume stood at 727.17 million shares, while traded value was recorded at Rs26.75 billion.

A total of 387,968 trades were reported across 491 companies, with 248 closing higher, 205 lower, and 38 remaining unchanged.

Investor sentiment remained cautious as weakness in oil and gas exploration stocks, along with profit-taking in major banking names, offset gains elsewhere in the market.

Market participants also remained watchful of developments in the Middle East and their potential implications for global energy markets and investor risk appetite.

The decline came despite relatively stable international conditions, as traders preferred to lock in recent gains following the market's strong rebound over previous sessions.

Selling pressure in index-heavy sectors, particularly banks and exploration companies, kept the benchmark under pressure throughout the day, resulting in a modest weekly-end decline.

To note, the KSE-100 has gained 44,852 points or 35.70% during the fiscal year, whereas it has decreased 3,575 points or 2.05% so far this calendar year.

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