PSX Closing Bell: Bulls Come Out Swinging

May 29, 2026 (MLN):The benchmark KSE-100 Index extended its upward momentum on Friday, closing at 173,962.81, up by 2,237.52 points or 1.30%, as investor sentiment strengthened on easing geopolitical concerns and a sharp decline in global oil prices.

The index traded in a range of 2,560.88 points, reaching an intraday high of 174,106.34 (+2,381.05) and a low of 171,545.46 (-179.83) points. Total traded volume in the KSE-100 Index stood at 313.69 million shares.

Out of the 100 index companies, 81 closed higher while 19 declined, reflecting broad-based buying across key sectors.

Among the top gainers were TGL (+9.92%), TRG (+9.45%), HCAR (+6.76%), THALL (+5.91%), and POWER (+5.26%). On the losing side, CNERGY (-1.88%), APL (-1.36%), PPL (-1.33%), SYS (-1.25%), and ATRL (-1.16%) ended lower.

In terms of index-point contribution, FFC (+601.77pts), ENGROH (+295.35pts), LUCK (+255.96pts), EFERT (+119.52pts), and BAHL (+111.02pts) were the major contributors to the benchmark’s gains. Meanwhile, UBL (-145.84pts), PPL (-74.89pts), SYS (-58.72pts), ATRL (-15.58pts), and NBP (-9.27pts) limited the upside.

Sector-wise, the market was supported by Fertilizer (+735.97pts), Cement (+445.35pts), Inv. Banks / Inv. Cos. / Securities Cos. (+308.29pts), Commercial Banks (+163.45pts), and Automobile Assembler (+136.23pts). On the other hand, Refinery (-23.26pts), Property (-5.99pts), Leasing Companies (+0.00pts), Tobacco (+0.00pts), and Vanaspati & Allied Industries (+0.13pts) remained under pressure.

In the broader market, the All-Share Index closed at 104,178.61, posting a gain of 964.13 points or 0.93%. Total market volume stood at 555.06 million shares, while traded value was recorded at Rs40.88 billion. A total of 414,064 trades were reported across 490 companies, with 298 closing higher, 161 lower, and 31 remaining unchanged.

Investor confidence improved after oil prices fell sharply on Friday, putting crude on track for its steepest weekly decline, amid reports that Washington and Tehran had tentatively agreed to extend a ceasefire despite the agreement not yet being formally finalized.

The easing in oil prices reduced fears of prolonged supply disruptions and regional instability, encouraging renewed buying in cement, banking, fertilizer, and leveraged sectors. Improved risk appetite and expectations of a calmer geopolitical environment also helped fuel strong gains across the Pakistan Stock Exchange.

To note, the KSE-100 has gained 48,336 points or 38.48% during the fiscal year, whereas it has decreased 92 points or 0.05% so far this calendar year.

Copyright Mettis Link News