PSX Closing Bell: Bulls Break the Red Spell

October 26, 2026 (MLN): The benchmark KSE-100 Index recovered 663.59 points or 0.41% on Monday to close at 163,038.46, as renewed buying in cement, exploration and investment stocks helped the market rebound from the previous session's sharp decline.

Investor sentiment received support from easing crude prices, with U.S. oil falling more than 2% as traders weighed the threat of further attacks on Saudi Arabia's energy facilities against concerns that sustained high prices could dampen global demand. The decline in oil prices offered some relief to market participants, encouraging selective buying in heavyweight stocks.

The index witnessed considerable volatility during the session, trading within a range of 2,227.02 points. It touched an intraday high of 163,477.08, up 1,102.21 points, after recovering from a low of 161,250.06, down 1,124.81 points.

KSE-100 volume stood at 114.58m shares, while market breadth remained mixed, with 48 index companies closing higher, 51 lower, and 1 unchanged.

HGFA led the gainers with an increase of 5.03%, followed by THCCL (+4.30%), FCCL (+3.95%), DGKC (+3.34%), and PSX (+3.14%).

On the losing side, DCR declined 2.67%, followed by UPFL (-2.64%), GADT (-2.50%), MEBL (-2.39%), and PSEL (-2.32%).

UBL emerged as the largest positive contributor to the index, adding 269.41 points, followed by ENGROH (+166.51pts), LUCK (+154.68pts), OGDC (+64.41pts), and MARI (+63.28pts).

Conversely, MEBL dragged the index down by 205.88 points, followed by EFERT (-78.21pts), FFC (-32.46pts), PSEL (-25.80pts), and HBL (-23.85pts).

Sector-wise, Cement led the gains with a contribution of 345.05 points, followed by Inv. Banks / Inv. Cos. / Securities Cos. (+187.77pts), Oil & Gas Exploration Companies (+180.30pts), Commercial Banks (+87.66pts), and Oil & Gas Marketing Companies (+48.24pts).

The index faced pressure from Fertilizer (-108.55pts), Miscellaneous (-27.45pts), Technology & Communication (-26.48pts), Real Estate Investment Trust (-26.11pts), and Pharmaceuticals (-25.82pts).

In the broader market, the All-Share Index settled at 98,887.68, gaining 267.57 points or 0.27%.

Total market volume declined to 376.02m shares from 398.94m in the previous session, while traded value fell by Rs2.01bn to Rs16.19bn.

A total of 288,881 trades were recorded across 495 companies, with 196 stocks closing higher, 251 lower, and 48 remaining unchanged.

To note, the KSE-100 has lost 17,263 points or 9.57% during the fiscal year, whereas it has decreased 11,016 points or 6.33% so far this calendar year.

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