PSX Closing Bell: Downbeat End

April 28, 2026 (MLN): The benchmark KSE-100 Index closed Tuesday’s trading session at 168,412.23, posting a decline of 1,085.12 points, or 0.64%, as investor sentiment remained under pressure amid rising global oil prices and lingering uncertainty surrounding US-Iran negotiations.

The index moved within a narrow range of 1,143.16 points, touching an intraday high of 169,313.90 before slipping to a low of 168,170.74. Trading activity remained strong, with total volume recorded at 592.49 million shares.

Market breadth stayed negative, with 67 of the index constituents closing in the red, while 31 advanced and 2 remained unchanged.

Top losers during the day were YOUW (-11.20%), BNWM (-8.46%), GADT (-6.42%), NPL (-5.17%), and THALL (-4.67%). On the other hand, top gainers were HCAR (+10.00%), PAKT (+8.52%), CNERGY (+8.45%), TPLRF1 (+3.13%), and GHGL (+2.78%).

In terms of index-point contributions, companies that dragged the index lower were UBL (-280.06pts), FFC (-216.10pts), PPL (-72.47pts), LUCK (-64.65pts), and NBP (-57.33pts). Meanwhile, companies that added points to the index were ENGROH (+91.58pts), PAKT (+50.00pts), POL (+41.21pts), CNERGY (+32.40pts), and BOP (+26.37pts).

Sector-wise, the KSE-100 Index was let down by Commercial Banks (-313.81pts), Fertilizer (-228.67pts), Cement (-208.01pts), Oil & Gas Exploration Companies (-82.44pts), and Power Generation & Distribution (-67.67pts). While the index was supported by Inv. Banks / Inv. Cos. / Securities Cos. (+83.91pts), Tobacco (+50.00pts), Refinery (+42.58pts), Real Estate Investment Trust (+6.49pts), and Insurance (+4.57pts).

In the broader market, the All-Share Index closed at 100,841.15 with a net loss of 498.14 points or 0.49%.

Total market volume was 1,190.34 million shares compared to 780.23m from the previous session, while traded value was recorded at Rs34.54 billion, showing an increase of Rs1.12bn.

There were 408,180 trades reported in 481 companies, with 167 closing up, 284 closing down, and 30 remaining unchanged.

The downturn in equities came as global oil prices pushed higher, crossing the $110 per barrel mark, as investors reacted to mixed and evolving signals from ongoing US-Iran diplomatic engagements.

While there have been intermittent indications of possible de-escalation, the absence of a clear breakthrough has kept markets on edge.

Concerns over potential supply disruptions in the region—particularly around the strategically vital Strait of Hormuz have continued to fuel volatility in energy markets.

This uncertainty has translated into cautious investor behavior at the Pakistan Stock Exchange, with participants opting to trim positions amid rising external risks and fluctuating global cues.

To note, the KSE-100 has gained 42,785 points or 34.06% during the fiscal year, whereas it has decreased 5,642 points or 3.24% so far this calendar year.

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