PSX Closing Bell: Little Gains, Longer Streak

October 16, 2026 (MLN): The benchmark KSE-100 Index extended its winning streak on Friday, gaining 233.55 points or 0.14% to close at 166,419.71, as selective buying in banking and technology stocks kept the market in positive territory amid easing oil prices.

Crude prices slipped in early trading as investors weighed escalating Middle East tensions against reports of potential U.S. measures to relax restrictions on certain oil tankers.

The prospect of easing shipping curbs offered some relief to global supply concerns, lending support to market sentiment despite persistent geopolitical uncertainty.

The index traded within a range of 751.85 points, touching an intraday high of 166,708.36, up 522.20 points, while its low stood at 165,956.51, reflecting a decline of 229.65 points.

KSE-100 volume stood at 133.15m shares, with 54 index companies closing higher, 45 lower, and one remaining untraded.

BNWM led the gainers with a surge of 10.01%, followed by AGP (+4.11%), KEL (+3.05%), POWER (+2.84%), and NATF (+2.22%).

On the losing side, PTC declined 2.65%, followed by IBFL (-2.45%), BML (-2.10%), LOTCHEM (-1.59%), and THCCL (-1.17%).

SYS emerged as the largest positive contributor to the index, adding 82.08 points, followed by UBL (+57.35pts), MCB (+50.89pts), BAHL (+41.80pts), and EFERT (+37.18pts).

Conversely, OGDC dragged the index down by 72.27 points, followed by LUCK (-53.14pts), MEBL (-42.10pts), PTC (-30.80pts), and ENGROH (-24.41pts).

Sector-wise, Commercial Banks led the gains with a contribution of 95.67 points, followed by Technology & Communication (+60.94pts), Oil & Gas Marketing Companies (+38.68pts), Pharmaceuticals (+36.45pts), and Power Generation & Distribution (+28.86pts).

The index faced pressure from Cement (-54.27pts), Oil & Gas Exploration Companies (-52.96pts), Inv. Banks / Inv. Cos. / Securities Cos. (-28.17pts), Chemical (-4.17pts), and Miscellaneous (-2.30pts).

In the broader market, the All-Share Index settled at 100,871.91, gaining 48.64 points or 0.05%.

Total market volume declined to 396.90m shares from 517.20m in the previous session, while traded value fell by Rs4.88bn to Rs18.68bn.

A total of 266,743 trades were recorded across 498 companies, with 211 stocks closing higher, 254 lower, and 33 remaining unchanged.

To note, the KSE-100 has lost 13,882 points or 7.70% during the fiscal year, whereas it has decreased 7,635 points or 4.39% so far this calendar year.

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