KARACHI: The Pakistan Stock Exchange (PSX) extended its record-setting rally on Friday, with the index closing at another all-time high as declining international oil prices and their positive implications for Pakistan’s external account continued to strengthen investor confidence and fuel broad-based buying.
The benchmark KSE-100 Index gained 851.25 points, or 0.46 percent, to settle at 185,372.21 points, compared with the previous close of 184,520.96 points. The market remained in positive territory throughout the session, touching an intraday high of 185,668.66 points, while the day’s low stood at 184,462.65 points, reflecting sustained buying interest across key sectors.
The BRIndex100 settled at 20,445.76 points, up 105.01 points, or 0.52 percent, with a trading volume of 613.86 million shares. The BRIndex30 gained 351.64 points, or 0.47 percent, to close at 75,179.51 points, while its trading volume stood at 245.63 million shares.
According to Topline Securities, the benchmark KSE-100 Index maintained its bullish momentum as lower international oil prices and the resulting improvement in Pakistan’s external account outlook continued to support market sentiment. The brokerage house noted that heavyweight stocks including UBL, OGDC, FFC, MARI and PPL remained the major drivers of the rally, collectively contributing around 611 points to the benchmark index.
Despite another strong session, overall trading activity moderated compared with the previous day. Ready Market volume declined to 815.65 million shares from 994.75 million shares recorded a day earlier. Likewise, the value of traded shares fell to Rs42.63 billion from Rs55.79 billion, indicating reduced trading activity despite the market’s continued upward trajectory.
Market capitalization, however, continued to expand as rising share prices added substantial investor wealth. The total market capitalization increased by approximately Rs132.16 billion, reaching Rs20.763 trillion, compared with Rs20.631 trillion in the previous session.
Market breadth remained firmly positive. Out of 494 companies traded on the Ready Market, 256 closed higher, 211 ended lower and 27 remained unchanged.
Among the most actively traded stocks, TPL REIT Fund I led the volume chart with 72.95 million shares, closing at Rs10.60. TPL Corp Limited followed with 48.41 million shares, ending at Rs16.79, while TPL Properties traded 34.29 million shares to close at Rs11.64.
On the gainers’ table, PIA Holding Company Limited (B) remained the top performer, rising Rs309.14 to close at Rs18,603.14, followed by Thal Industries Corporation Limited, which gained Rs105.38 to settle at Rs1,162.45. Among the decliners, Khairpur Sugar Mills Limited lost Rs77.10 to close at Rs2,227.84, while Service Industries Limited fell Rs65.87 to Rs2,221.61.
Sector-wise, the BR Oil and Gas Index led the gains, rising 176.20 points, or 1.12 percent, to 15,839.99 points on a turnover of 43.16 million shares. The BR Commercial Banks Index advanced 461.05 points, or 0.73 percent, to 63,770.27 points, with 59.84 million shares traded.
The BR Power Generation and Distribution Index gained 123.60 points, or 0.42 percent, to 29,823.87 points, while the BR Tech and Communication Index increased 12.79 points, or 0.32 percent, to 3,994.13 points, with turnover of 115.35 million shares.
The BR Automobile Assembler Index added 73.13 points, or 0.30 percent, to close at 24,320.19 points. In contrast, the BR Cement Index was the only sector to finish in negative territory, slipping 5.70 points, or 0.04 percent, to 13,365.52 points, with 23.11 million shares changing hands.
Analysts believe the market remains well-supported by declining global crude oil prices, which improve Pakistan’s external account outlook and ease inflationary concerns. They expect investor focus to remain on global commodity prices, macroeconomic indicators and corporate earnings, which will continue to shape market direction in the coming sessions.
Copyright Business Recorder, 2026
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