PSX ends in green as KSE-100 posts 0.35% gain; energy, fertilizer shares dominate

Karachi: Pakistan’s equity market continued its gradual upward trend on January 22, 2026, as the KSE-100 Index advanced more than 650 points during an active trading session, supported primarily by gains in energy and fertilizer counters.
The benchmark opened at 187,391 points and remained largely positive through the day. Consistent buying lifted the index to an intraday high above 188,100 points, while the day’s low was recorded near 186,825 points.
At close, the index finished at 187,688 points, registering a 654-point increase, equivalent to 0.35 percent growth.
Encouraging participation
activity remained robust, with more than 462 million shares traded among index constituents. Analysts believe that the steady flow of liquidity reflects growing confidence among investors who see equities as attractive amid improving macroeconomic stability.
The index’s performance for the year has also been noteworthy, showing nearly 49 percent gains in the fiscal year and almost 8 percent growth since January, highlighting a strong rebound in the broader market.
Sectoral leadership
Heavyweight stocks from fertilizer and energy sectors led the charge. ENGRO emerged as the top performer, adding over 273 points, followed by HUBC and EFERT.
Refinery stock ATRL and insurance player AICL also provided solid support.
“These companies offer consistent earnings and dividend yields, which attract long-term investors,” analysts said.
Banking stocks under pressure
On the downside, banking shares came under selling pressure. UBL and HBL were the biggest laggards, pulling the index lower, while BOP and FFC also slipped.
Experts attribute the declines to short-term profit-taking after recent rallies.
Investor sentiment
Overall sentiment remained cautiously optimistic. Market watchers say improving foreign exchange reserves, stable currency trends, and expectations of policy continuity are helping restore confidence.
If buying momentum persists, the KSE-100 could target new highs in upcoming sessions. However, intermittent corrections are likely as traders book profits.
For now, the market appears well-supported by strong fundamentals and healthy trading volumes.