KARACHI: The PSX falls 908 points on Friday as the benchmark KSE-100 Index closed at 179,603.73. The index shed 908.91 points, or 0.50%, from the previous session.
The decline extended a two-day correction. Over 3,400 points have been wiped off the index during this period. Persistent selling pressure hit major sectors throughout the day.
At one stage, the index dropped to an intraday low of around 178,237 before trimming some losses in late trade.
Banking, Energy and Cement Stocks Under Pressure
Heavy offloading was visible in banking, fertiliser, energy, cement and power generation stocks.
The top negative contribution came from:
- Lucky Cement (LUCK)
- United Bank Limited (UBL)
- Oil and Gas Development Company (OGDC)
- Systems Limited (SYS)
- Engro Fertilizers (EFERT)
- Engro Holdings (ENGROH)
These stocks collectively dragged the index down by 685 points.
Strong Trading Activity Despite Downturn
Despite the bearish close, trading activity remained strong at the Pakistan Stock Exchange (PSX).
More than 706 million shares changed hands, with total traded value reaching nearly Rs39 billion (around $38.8 million).
In terms of traded value, OGDC led with Rs4.1 billion, followed by PPL at Rs3 billion, NBP at Rs2.7 billion, LUCK at Rs1.87 billion, ENGROH at Rs1.7 billion and SYS at Rs1.55 billion.
Why Did the Market Decline?
Analysts linked the sell-off to profit-taking after the index’s strong rally earlier in 2026. The KSE-100 had peaked near 191,000 in January.
Market experts also cited:
- Disappointing corporate earnings results
- Concerns about overvaluation in select stocks
- Possible retail investor outflows if correction deepens
According to market review data, the index largely stayed in the negative zone throughout the session. Ongoing earnings announcements failed to meet investor expectations, adding to negative sentiment.
Outlook for Investors
Market watchers believe volatility may persist in the short term. However, strong trading volumes suggest investors remain active.
If corporate earnings improve and macroeconomic indicators stay stable, the market could regain momentum. For now, cautious sentiment dominates trading at PSX.
FAQs
Why did PSX fall 908 points?
The market declined due to profit-taking, weak corporate results and selling pressure in major sectors.
What was the closing level of KSE-100?
The KSE-100 Index closed at 179,603.73.
Which sectors were most affected?
Banking, energy, fertiliser, cement and power stocks faced heavy selling.
