PSX Closing Bell: The Red Sequel

October 23, 2026 (MLN): The benchmark KSE-100 Index closed Friday's trading session at 162,374.87, shedding 1,549.44 points or 0.95%, as broad-based selling gripped the market amid renewed geopolitical tensions and concerns over global energy supplies.

The elevated oil prices added to investor concerns over Pakistan's import costs and external pressures, weighing on market sentiment.

The index traded within a range of 1,674.42 points, touching an intraday high of 163,966.86, up 42.55 points, before sliding to a low of 162,292.44, down 1,631.87 points.

KSE-100 volume stood at 110.96m shares, with market breadth remaining sharply negative as 75 index companies closed lower, 23 higher, and 2 unchanged.

UPFL led the losers with a decline of 9.37%, followed by TRG (-4.00%), PTC (-3.78%), LOTCHEM (-3.72%), and NML (-3.55%).

On the gaining side, PSEL rose 4.54%, followed by THCCL (+3.91%), TPLRF1 (+2.54%), AKBL (+1.65%), and BML (+1.45%).

MEBL emerged as the biggest drag on the index, erasing 172.37 points, followed by ENGROH (-149.76pts), LUCK (-122.40pts), HUBC (-96.44pts), and PPL (-96.23pts).

Meanwhile, FFC provided the highest positive contribution of 63.22 points, while PSEL, AKBL, THCCL, and BAFL added 48.41pts, 26.82pts, 16.18pts, and 15.18pts, respectively.

Sector-wise, Commercial Banks led the decline with a negative contribution of 427.18 points, followed by Oil & Gas Exploration Companies (-182.42pts), Inv. Banks / Inv. Cos. / Securities Cos. (-173.25pts), Cement (-173.15pts), and Technology & Communication (-159.48pts).

The index received support from Miscellaneous (+44.94pts), Fertilizer (+38.73pts), Real Estate Investment Trust (+13.55pts), Refinery (+4.20pts), and Textile Spinning (+0.22pts).

In the broader market, the All-Share Index settled at 98,620.11, recording a loss of 906.76 points or 0.91%.

Total market volume increased to 398.94m shares from 367.09m in the previous session, while traded value rose by Rs0.20bn to Rs18.20bn.

A total of 304,276 trades were recorded across 495 companies, with 136 stocks closing higher, 311 lower, and 48 remaining unchanged.

To note, the KSE-100 has lost 17,927 points or 9.94% during the fiscal year, whereas it has decreased 11,679 points or 6.71% so far this calendar year.

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