PSX Closing Bell: Bulls Finish Strong

April 10, 2026 (MLN):Stocks at the Pakistan Stock Exchange closed higher on Friday, with the benchmark KSE-100 Index extending its upward momentum, supported by strong performance in banking and cement sectors amid cautious optimism over global developments.

The KSE-100 Index settled at 167,191.37, gaining 1,673.86 points or 1.01%. The index remained in positive territory throughout the session, reaching an intraday high of 168,290.28 (+2,772.77 points) and a low of 166,221.33 (+703.82 points), reflecting sustained buying interest.

Trading activity remained robust, with total volume in the KSE-100 Index recorded at 452.22 million shares. Market breadth was firmly positive, as 79 companies closed higher while 21 declined, indicating strong investor participation.

Among the top gainers, BOP (+10.01%), SSGC (+10.00%), GADT (+10.00%), TGL (+9.99%), and JVDC (+9.07%) posted significant gains. On the other hand, losses were recorded in SRVI (-7.15%), MEHT (-3.04%), ILP (-2.47%), MEBL (-2.08%), and HGFA (-2.00%).

In terms of index-point contribution, the rally was led by MCB (+138.17 points), BOP (+133.50 points), HBL (+114.97 points), UBL (+98.53 points), and LUCK (+87.48 points). Meanwhile, the index was dragged lower by MEBL (-164.34 points), SRVI (-87.82 points), ENGROH (-53.65 points), ILP (-20.24 points), and KEL (-8.54 points).

Sector-wise, the KSE-100 Index was supported by Commercial Banks (+551.83 points), Cement (+339.26 points), Technology & Communication (+137.27 points), Automobile Assembler (+93.57 points), and Oil & Gas Marketing Companies (+91.74 points). However, some pressure was seen in leather & tanneries and investment-related sectors.

Investor sentiment remained cautiously optimistic amid ongoing geopolitical developments. A fragile two-week ceasefire between the United States and Iran continued to hold, easing immediate fears of conflict escalation, although uncertainty persisted regarding its durability.

Oil prices remained volatile as markets reacted to shifting signals around the ceasefire and potential supply disruptions in the Strait of Hormuz. The relative stability in global energy markets, compared to earlier tensions, provided some relief to investors and supported equities in energy-importing economies like Pakistan.

In the broader market, the All-Share Index closed at 99,572.56, up 1,123.80 points or 1.14%. Total market volume stood at 875.54 million shares, while traded value was recorded at Rs46.65 billion, indicating healthy activity levels.

A total of 486 companies were traded during the session, of which 357 advanced, 101 declined, and 28 remained unchanged, reflecting a broadly positive tone at the close of the week.

To note, the KSE-100 has gained 41,564 points or 33.09% during the fiscal year, whereas it has decreased 6,863 points or 3.94% so far this calendar year.

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