PSX Closing Bell: Gains Cut Short

May 14, 2026 (MLN): The Pakistan Stock Exchange (PSX) extended its losing streak on Thursday, with the benchmark KSE-100 Index closing lower by 952.30 points or 0.57% as investors remained cautious amid uncertainty in global energy markets and continued pressure on heavyweight banking stocks.

The benchmark index settled at 166,498.83 after trading in a volatile range of 2,129.97 points. The market touched an intraday high of 168,528.87, gaining 1,077.74 points, before slipping to a low of 166,398.90, down 1,052.23 points during the session.

Investor sentiment remained subdued as crude oil prices stayed elevated globally, with markets weighing a downward revision to oil demand forecasts by OPEC against warnings from the International Energy Agency (IEA) over potential volatility in energy markets in the coming months. The uncertainty kept investors cautious, particularly in banking, oil exploration, and fertilizer sectors.

Out of the 100 index companies, 25 closed higher while 74 declined, reflecting broad-based selling pressure across key sectors of the market.

Among the top losers were PGLC (-6.19%), IBFL (-5.02%), AICL (-3.34%), BAFL (-2.53%), and UBL (-2.50%). On the gaining side, GADT (+10.00%), JVDC (+3.46%), TRG (+1.67%), FCCL (+1.63%), and AIRLINK (+1.60%) posted gains.

In terms of index-point contribution, UBL (-301.49pts), SYS (-85.60pts), BAFL (-73.93pts), FFC (-62.80pts), and PPL (-56.17pts) were the major drags on the benchmark index. Meanwhile, JVDC (+29.96pts), FCCL (+24.01pts), SRVI (+22.21pts), TRG (+12.89pts), and CHCC (+10.80pts) helped limit losses.

Sector-wise, the market was weighed down by Commercial Banks (-523.89pts), Oil & Gas Exploration Companies (-118.18pts), Technology & Communication (-83.65pts), Fertilizer (-70.37pts), and Textile Composite (-30.27pts). However, gains in Property (+29.96pts), Cement (+28.27pts), Leather & Tanneries (+22.21pts), Textile Spinning (+8.68pts), and Sugar & Allied Industries (+1.28pts) provided some support.

In the broader market, the All-Share Index closed at 100,481.40, posting a decline of 519.60 points or 0.51%. Total market volume stood at 706.02 million shares, while traded value was recorded at Rs19.92 billion. A total of 321,685 trades were reported across 484 companies, with 155 closing higher, 293 lower, and 36 remaining unchanged.

To note, the KSE-100 has gained 40,872 points or 32.53% during the fiscal year, whereas it has decreased 7,555 points or 4.34% so far this calendar year.

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