PSX Closes Lower as KSE-100 Sheds 908 Points Amid Profit-Taking Pressure

Karachi: The benchmark KSE-100 Index at the Pakistan Stock Exchange (PSX) ended lower on Friday as investors engaged in profit-taking, dragging the market down by 908.92 points in a volatile trading session. The index closed at 179,603.73 points compared to the previous close above the 180,000 level, reflecting a negative change of 0.50 percent.
The trading session began on a positive note, with the KSE-100 opening at 180,577.78 points. During intraday trading, the index touched a high of 180,832.66 points, signaling early optimism among investors. However, selling pressure intensified in the latter half of the session, pushing the market to an intraday low of 178,237.14 points before settling at 179,603.73.
Market activity remained healthy as the index constituent volume clocked in at 379.80 million shares, indicating continued investor participation despite the bearish close. Analysts observed that while the broader trend remains positive in the fiscal year, short-term corrections are emerging as investors lock in gains following recent rallies.
On a fiscal year-to-date (FYTD) basis, the KSE-100 Index is still showing a strong gain of 42.97 percent, highlighting the overall bullish momentum witnessed during the ongoing fiscal year. Meanwhile, the calendar year-to-date (CYTD) performance stands at 3.19 percent, reflecting moderate gains so far in 2026.
Among the major contributors on the positive side, Habib Metropolitan Bank (HMB) led the gainers with a 90.77-point contribution to the index. National Bank of Pakistan (NBP) followed with 77.07 points, while K-Electric (KEL) added 30.89 points. Maple Leaf Cement Factory (MLCF) and Hum Network Limited (HUMNL) also supported the index, contributing 24.76 and 21.33 points respectively.
However, the market faced significant pressure from heavyweight stocks. Lucky Cement (LUCK) emerged as the biggest dragger, pulling the index down by 179.04 points. United Bank Limited (UBL) shaved off 144.37 points, while Oil & Gas Development Company (OGDC) contributed negatively with 125.29 points. Systems Limited (SYS) and Engro Fertilizers (EFERT) further weighed on the index, reducing it by 89.55 and 78.81 points respectively.
The sharp decline in key blue-chip stocks offset gains in select banking and power sector shares. Market participants are closely monitoring macroeconomic indicators, corporate earnings announcements, and foreign inflows for direction in the coming sessions.
Despite Friday’s downturn, the overall sentiment remains cautiously optimistic as strong fiscal year gains continue to provide a cushion. Investors are expected to watch upcoming economic data and policy developments that may influence market direction in the near term.