PSX Closing Bell: Bull Power

June 16, 2026 (MLN):The benchmark KSE-100 Index extended its rally on Tuesday, closing at 180,392.97, up by 3,353.15 points or 1.89%, as investor confidence remained strong amid easing geopolitical tensions, optimism surrounding the FY2026-27 federal budget, and expectations of continued macroeconomic stability.

The index remained positive throughout the session, touching an intraday high of 180,503.55 (+3,463.73 points) and a low of 177,741.46 (+701.64 points).

Total traded volume in the KSE-100 Index stood at 610.92 million shares.

Market participation remained robust, with 81 index companies closing higher and 19 ending in the red.

Among the top gainers were SSGC (+10.01%), SNGP (+10.00%), PSX (+10.00%), PABC (+6.72%), and UBL (+6.16%).

On the losing side, PGLC (-2.93%), JVDC (-2.90%), IBFL (-2.23%), BNWM (-2.21%), and DGKC (-1.75%) were among the notable decliners.

In terms of index-point contribution, UBL (+807.82pts), ENGROH (+330.44pts), BAHL (+234.62pts), NBP (+147.65pts), and PPL (+143.02pts) provided the biggest boost to the benchmark index.

Meanwhile, DGKC (-29.56pts), JVDC (-29.50pts), ILP (-11.76pts), KOHC (-9.16pts), and PSEL (-8.75pts) weighed on gains.

Sector-wise, the rally was led by Commercial Banks (+1,839.22pts), Investment Banks/Investment Companies/Securities Companies (+410.98pts), Oil & Gas Exploration Companies (+232.34pts), Oil & Gas Marketing Companies (+187.32pts), and Fertilizer (+146.18pts).

On the other hand, Property (-29.50pts), Cement (-9.03pts), Engineering (-3.39pts), Synthetic & Rayon (-2.95pts), and Woollen (-0.26pts) exerted some downward pressure on the index.

In the broader market, the All-Share Index closed at 108,164.80, gaining 1,725.65 points or 1.62%.

Total market volume rose to 1.22 billion shares from 988.08 million shares in the previous session, while traded value increased to Rs70.22 billion.

A total of 612,215 trades were reported across 496 companies, with 303 closing higher, 165 lower, and 28 remaining unchanged.

Investor sentiment remained upbeat as market participants continued to welcome the pro-business measures announced in the FY2026-27 budget, including relief in super tax, lower withholding taxes on property transactions, reduced export advance tax, and the continuation of incentives for the IT sector.

Expectations that these measures will support corporate profitability, investment activity, and economic growth helped sustain strong buying interest in heavyweight sectors.

Adding to the positive momentum, U.S. President Donald Trump announced that a preliminary agreement to end the Gulf conflict had been signed between the United States and Iran, raising hopes for a lasting peace settlement in the region.

The development eased concerns over potential disruptions to global energy supplies and strengthened investor confidence, while expectations of lower geopolitical risk and more stable oil prices supported risk appetite.

Market sentiment was further reinforced by the State Bank of Pakistan's Monetary Policy Committee decision to keep the policy rate unchanged at 11.5% during its June 15, 2026 meeting.

The decision signaled confidence in the country's improving macroeconomic outlook and provided investors with greater visibility on interest rates, supporting demand for equities, particularly in banking, energy, and cyclical sectors..

To note, the KSE-100 has gained 54,766 points or 43.59% during the fiscal year, whereas it has increased 6,339 points or 3.64% so far this calendar year.

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