PSX Closing Bell: Bears Edge It

July 29, 2026 (MLN): The Pakistan Stock Exchange (PSX) continued its downward trend on Wednesday, with the benchmark KSE-100 Index falling over 1,500 points amid renewed selling pressure and cautious investor sentiment as escalating military tensions in the Middle East raised concerns over potential disruptions to regional energy supplies.

Global oil prices surged in Asian trading following the intensification of geopolitical tensions, stoking fears of supply disruptions and adding to uncertainty in global markets.

The development weighed on investor sentiment and triggered fresh selling across key sectors, particularly commercial banks, cement, exploration companies, and investment companies.

The benchmark KSE-100 Index concluded Wednesday's trading session at 176,042.98, showing a decrease of 1,580.90 points or 0.89%.

The index traded in a range of 1,303.29 points, touching an intraday high of 176,935.03 (-688.85 points) and a low of 175,631.74 (-1,992.14 points).

The total volume traded in the KSE-100 Index stood at 193.07 million shares.

Of the 100 index companies, 19 closed higher, 80 ended lower, while 1 remained unchanged.

Top losers during the day were KTML (-4.28%), PIOC (-3.95%), MEHT (-3.62%), KOHC (-3.44%), and POWER (-2.99%).

On the other hand, top gainers were FFC (+2.01%), GHGL (+1.15%), INDU (+1.13%), TRG (+1.01%), and JDWS (+0.91%).

In terms of index-point contributions, ENGROH (-159.35pts), LUCK (-143.35pts), UBL (-130.00pts), HUBC (-125.83pts), and PPL (-110.36pts) exerted the biggest drag on the benchmark.

Meanwhile, FFC (+306.55pts), PTC (+12.10pts), INDU (+10.65pts), TRG (+7.60pts), and POL (+5.57pts) provided support to the index.

Sector-wise, the KSE-100 Index was let down by Commercial Banks (-554.71pts), Cement (-321.37pts), Oil & Gas Exploration Companies (-199.16pts), Investment Banks / Investment Companies / Securities Companies (-170.34pts), and Power Generation & Distribution (-143.86pts).

On the positive side, Fertilizer (+225.79pts), Sugar & Allied Industries (+2.53pts), Transport (+1.13pts), Tobacco (+0.93pts), and Textile Spinning (+0.32pts) supported the benchmark.

In the broader market, the All-Share Index closed at 106,543.53, showing a net loss of 928.73 points or 0.86%.

Total market volume stood at 574.08 million shares, compared with 958.01m in the previous session, while traded value was recorded at Rs25.37 billion, showing a decrease of Rs16.20bn.

A total of 340,317 trades were reported across 492 companies, with 126 stocks closing higher, 330 lower, and 36 remaining unchanged.

To note, the KSE-100 has lost 4,259 points or 2.36% during the fiscal year, whereas it has increased 1,989 points or 1.14% so far this calendar year.

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