PSX Mid-Day: Above and Beyond 180K

June 16, 2026 (MLN): The benchmark KSE-100 Index continued its rally on Tuesday, gaining 3,285.41 points or 1.86% to reach 180,325.23 as of 12:38pm, supported by broad-based buying amid improving geopolitical sentiment and optimism surrounding the government's business-friendly FY2026-27 budget.

The index remained firmly in positive territory throughout the session, touching an intraday high of 180,499.96 (+3,460.14 points) and a low of 177,741.46 (+701.64 points).

Total traded volume in the KSE-100 Index stood at 350.70 million shares by midday.

Market breadth remained overwhelmingly positive, with 85 index companies trading higher and only 15 lower.

Among the top gainers were SSGC (+10.01%), SNGP (+10.00%), PSX (+10.00%), AIRLINK (+6.03%), and CHCC (+5.99%). 

In terms of index-point contribution, UBL (+685.13pts), BAHL (+277.13pts), ENGROH (+219.91pts), NBP (+150.54pts), and PPL (+135.79pts) provided the biggest boost to the benchmark index. 

Sector-wise, the rally was led by Commercial Banks (+1,643.57pts), Investment Banks/Investment Companies/Securities Companies (+300.18pts), Oil & Gas Exploration Companies (+284.41pts), Fertilizer (+211.03pts), and Oil & Gas Marketing Companies (+185.35pts). 

Investor sentiment remained upbeat as U.S. President Donald Trump announced on Monday that a preliminary agreement to end the Gulf war had been signed between the United States and Iran, fueling hopes of lasting peace in the region.

The development eased concerns over potential disruptions to global energy supplies and strengthened investor confidence, while lower geopolitical risk and expectations of stable oil prices further supported sentiment at the Pakistan Stock Exchange.

Adding to the positive momentum, market participants continued to welcome the pro-business measures announced in the FY2026-27 budget, including relief in super tax, lower withholding taxes on property transactions, reduced export advance tax, and the continuation of incentives for the IT sector.

Expectations that these measures will support corporate earnings and economic activity helped sustain buying interest in heavyweight sectors.

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