PSX Closing Bell: Red Refuses to Leave

November 12, 2026 (MLN): The benchmark KSE-100 Index extended its decline on Thursday, losing 1,710.04 points or 0.95% to close at 177,373.76, as reports circulating in certain media regarding the possible release of former Prime Minister Imran Khan on bail added to political uncertainty and weighed on investor sentiment.

The market came under pressure after reports suggested that Imran Khan could potentially secure bail and be allowed to move to his Bani Gala residence. 

The benchmark had started the session on a positive note, crossing the 180,000-point mark and reaching an intraday high of 180,310.44, up 1,226.64 points.

However, sustained selling pushed the index to a low of 177,271.60, down 1,812.20 points, before it settled at 177,373.76. The index recorded a trading range of 3,038.84 points, while KSE-100 constituent volume stood at 236.42 million shares.

Market breadth remained firmly negative, with 83 companies declining, 16 advancing and one remaining unchanged.

AKBL led the laggards, falling 3.82%, followed by CHCC (-3.12%), KTML (-3.09%), NBP (-2.93%) and THCCL (-2.69%). On the gaining side, GHNI rose 2.85%, MARI advanced 2.44%, FFL gained 1.97%, NATF added 1.75% and SHFA increased 1.67%.

In terms of index-point contributions, UBL exerted the largest drag, shedding 141.83 points, followed by LUCK (-137.48 points), HUBC (-127.97 points), SYS (-114.04 points) and FFC (-109.81 points).

Meanwhile, MARI provided the strongest support, adding 140.19 points, followed by MTL (+29.25 points), GHNI (+19.15 points), NATF (+12.35 points) and KEL (+9.95 points).

Sector-wise, Commercial Banks led the decline, weighing on the index by 689.26 points. Cement contributed a negative 292.65 points, Technology & Communication 161.01 points, Fertilizer 157.32 points and Power Generation & Distribution 134.01 points.

On the supporting side, Automobile Assembler added 33.19 points, followed by Cable & Electrical Goods (+6.59 points), Leather & Tanneries (+4.88 points), Sugar & Allied Industries (+2.95 points) and Food & Personal Care Products (+2.80 points).

In the broader market, the All-Share Index closed at 106,122.87, shedding 846.42 points or 0.79%.

Total market volume stood at 1,070.48 million shares, compared with 1,248.21 million in the previous session, while traded value was recorded at Rs31.64 billion, down Rs10.18 billion.

A total of 450,303 trades were reported across 499 companies, with 316 declining, 154 advancing and 29 remaining unchanged.

To note, the KSE-100 has lost 2,928 points or 1.62% during the fiscal year, whereas it has increased 3,319 points or 1.91% so far this calendar year.

Copyright Mettis Link News