PSX Intraday: Red Sets the Tone

November 12, 2026 (MLN): The benchmark KSE-100 Index was trading at 177,715.98 points by 12:42pm on Thursday, down 1,367.82 points or 0.76%, after surrendering its early-session gains amid renewed uncertainty following reports circulating in certain media regarding the possible release of former Prime Minister Imran Khan.

The market had started the session on a strong footing, with the benchmark crossing the 180,000-point mark in morning trade and reaching an intraday high of 180,310.44, up 1,226.64 points.

However, sentiment turned negative after reports circulated in certain media claiming that Imran Khan, who remains incarcerated, could potentially secure bail and be allowed to move to his Bani Gala residence.

At the time of reporting, the index had touched an intraday low of 177,317.80, down 1,766 points, recording a trading range of 2,992.64 points. KSE-100 constituent volume stood at 153.55 million shares.

Market breadth remained negative, with 79 companies declining, 20 advancing and one remaining unchanged.

AKBL led the laggards, falling 3.76%, followed by SSOM (-3.33%), PGLC (-3.05%), THCCL (-2.82%) and CHCC (-2.49%). On the gaining side, GHNI rose 2.11%, YOUW advanced 2.00%, JDWS gained 1.63%, MARI added 1.56% and BNWM increased 1.45%.

In terms of index-point contributions, ENGROH exerted the largest drag, shedding 128.86 points, followed by FFC (-128.09 points), LUCK (-105.45 points), UBL (-90.84 points) and SYS (-88.30 points). Meanwhile, MARI provided the strongest support, adding 88.12 points, followed by MTL (+16.95 points), GHNI (+14.01 points), TRG (+9.69 points) and NATF (+7.67 points).

Sector-wise, Commercial Banks led the decline, weighing on the index by 464.61 points. Cement contributed a negative 249.48 points, Fertilizer 180.50 points, Investment Banks / Investment Companies / Securities Companies 133.81 points and Technology & Communication 92.08 points.

On the supporting side, Automobile Assembler added 13.86 points, Miscellaneous 13.15 points, Oil & Gas Exploration Companies 9.16 points, Insurance 6.56 points and Sugar & Allied Industries 4.51 points.

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