PSX Closing Bell: Rally Mode

May 07, 2026 (MLN): The benchmark KSE-100 Index extended its gains on Thursday, closing at 172,894.27, up by 1,189.52 points or 0.69%, as investor sentiment remained supported by expectations surrounding Pakistan’s upcoming IMF board review and easing global oil prices.

The index traded within a range of 1,733.50 points, touching an intraday high of 173,274.54 (+1,569.79) and a low of 171,541.04 (-163.71) points. Total volume traded in the KSE-100 Index stood at 429.22 million shares.

Out of the 100 index companies, 64 closed higher, 35 declined, while 1 remained unchanged.

Among the top gainers were PIOC (+10.00%), SEARL (+4.76%), MTL (+4.14%), FHAM (+3.74%), and KOHC (+3.70%). On the losing side, YOUW (-2.31%), MEHT (-2.09%), BNWM (-2.06%), ILP (-1.58%), and JDWS (-1.47%) led the declines.

In terms of index-point contribution, UBL (+186.77pts), FFC (+174.17pts), LUCK (+153.12pts), OGDC (+119.92pts), and MARI (+101.16pts) provided major support to the benchmark index. Meanwhile, HUBC (-100.09pts), MCB (-84.48pts), HBL (-38.06pts), BAFL (-31.68pts), and PSO (-13.43pts) weighed on the market.

Sector-wise, the rally was led by Cement (+304.62pts), Oil & Gas Exploration Companies (+270.92pts), Fertilizer (+180.61pts), Commercial Banks (+150.48pts), and Automobile Assemblers (+120.42pts). However, losses in Power Generation & Distribution (-106.57pts), Oil & Gas Marketing Companies (-19.16pts), Refinery (-18.53pts), Paper, Board & Packaging (-5.05pts), and Sugar & Allied Industries (-3.94pts) limited overall gains.

In the broader market, the All-Share Index closed at 103,374.79, gaining 892.69 points or 0.87%. Total market volume stood at 986.97 million shares, while traded value was recorded at Rs52.71 billion. A total of 495,542 trades were reported across 489 companies, with 289 closing higher, 165 lower, and 35 remaining unchanged.

Market sentiment remained cautiously optimistic despite lingering uncertainty over the geopolitical situation in the Middle East.

Reports suggesting that Washington and Tehran are moving closer to a potential agreement aimed at ending the ongoing conflict helped stabilize investor confidence, while oil prices remained steady near $101 per barrel, easing concerns over inflationary pressure and external account risks for Pakistan.

Investor focus also remained firmly on the IMF Executive Board meeting scheduled for May 8, where the Board is expected to discuss Pakistan’s Third Review under the Extended Fund Facility (EFF) and the Second Review of the Resilience and Sustainability Facility (RSF).

The anticipated discussions have strengthened expectations for the approval of approximately $1.21 billion in fresh funding for Pakistan, including nearly $1 billion under the EFF and around $210 million under the RSF, providing further support to market sentiment and strengthening confidence in the country’s external financing outlook.

To note, the KSE-100 has gained 47,267 points or 37.62% during the fiscal year, whereas it has decreased 1,160 points or 0.67% so far this calendar year.

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