PSX Closes Above Historic 185,000 Milestone After Gaining Over 2,600 Points

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained over 2,600 points on Tuesday to reach a fresh all-time high.

The main bourse gained 1.68 percent or 3,073 points to hit its highest ever 185,481 level before settling at 185,062, up 1.45 percent or 2,653 points, which is a new all-time high.

A total of 596,928,682 shares were traded during the day, whereas the price of shares stood at Rs. 67.75 billion when the market closed.

Market participation remained positive, with 56 stocks advancing against 42 decliners, as heavyweight banks led the charge. MCB Pakistan (MCB PA) surged 7.9%, United Bank Limited (UBL) climbed 3.06% and Meezan Bank (MEBL) added 4.98%, together providing the bulk of the index’s gains.

Not all sectors participated in the advance, however. Pakistan State Oil’s energy subsidiary PSEL slumped 5.52%, while Pakistan Petroleum Limited (PPL) and Engro Fertilizers (EFERT) slipped 1.15% and 1.05%, respectively.

In the technology and telecom space, AIRLINK rallied 6.62% after the government unveiled the Mobile and Electronic Devices Manufacturing Policy 2026-33. The policy, which includes a proposed ban on the import of used mobile phones, was interpreted by the market as a structural positive for local assemblers and manufacturers, triggering strong buying interest in the counter.

A major milestone was recorded in the banking sector as UBL became the largest listed company on the Pakistan Stock Exchange by market capitalization during the session. With its market value crossing approximately $4.6 billion, UBL overtook oil and gas giant OGDC, signaling a notable shift in market leadership from energy to financials.

Top Volumes

During today’s session, 563 companies made trades, out of which 238 advanced, 218 declined, and 107 remained unchanged.

K-Electric (PSX: KEL) was the leading scrip today with a volume of 109.6 million shares.