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PSX Loses 1,710 Points in a DayBusiness
The benchmark KSE-100 gave up a strong early rally as selling swept through banks, energy and cement stocks, closing sharply lower on Thursday.
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Trading at the Pakistan Stock Exchange turned sharply negative on Thursday, 12 November 2026, as the benchmark KSE-100 Index closed 1,710.04 points lower at 177,373.76. The drop of 0.95 per cent wiped out a bright start to the session and left the market firmly in the red by the close of trading.
The day had begun on a hopeful note. The index opened higher and climbed by nearly 1,200 points in early trade, touching an intraday high of 180,310.45. But the mood changed after midday. Fresh selling swept through the market, dragging the index down to a low of 177,271.61 before it settled just above that level at the close.
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Selling hits banks, energy and cement
Pressure was felt across most of the market’s heavyweight sectors. Commercial banks, cement makers, oil and gas exploration companies, oil marketing firms, power producers and automobile assemblers all came under selling. According to brokerage house Topline Securities, the slide reflected profit-taking and weakness in several stocks that carry the most weight in the index.
A handful of large companies accounted for much of the damage. United Bank, Fauji Fertilizer Company, Hub Power Company, Lucky Cement and Systems Limited together pulled the benchmark down by around 931 points, Topline said. Mari Energies stood out on the other side, adding about 140 points and limiting the fall.
The wider market told the same story. Of the 500 companies that traded in the ready market, only 155 managed to finish higher, while 316 closed lower and 29 were unchanged. The balance of losers over gainers underlined how broad the selling had become by the end of the day.
Analysts linked the cautious mood to worries beyond Pakistan’s borders. Continuing geopolitical tensions and concern about possible disruption to global energy supplies weighed on investor sentiment, encouraging many to book profits rather than hold on for further gains.
The fall followed a softer session on Wednesday, when late profit-taking erased early gains and pushed the KSE-100 down 251.44 points, or 0.14 per cent, to 179,083.80. The two-day slide has now taken the index well below the 180,000 mark it briefly crossed during Thursday’s early rally.
The Islamic KMI-30 Index also finished lower, shedding 2,200.84 points, or 0.86 per cent, to close at 253,872.99. Traders will now watch whether buyers return at these levels or whether the selling extends into the next session.
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