KSE-100 Index Falls 1.54%, Selling Pressure Shakes Market

The Pakistan Stock Exchange (PSX) witnessed a bearish trend once again on Wednesday, April 29, 2026, and the KSE-100 Index recorded a decline of 1.54%. The index gave some positive signals at the beginning of the day and reached a high of 169,686.03, but this momentum could not be sustained.

The market fell sharply due to profit booking and selling pressure from investors and touched a low of 165,391.47 at one point. The day ended at 165,823.88 points, which means the market closed 2,588.35 points lower.

Despite the downturn, the market witnessed a pick-up in trading activity and the total volume touched 448.99 million shares. This volume indicates that despite the decline, there was interest in the market. The long-term performance (FYTD) is still positive with a gain of 32%, which is a welcome development, while the short-term (CYTD) performance was worrisome with a decline of 4.73%.

The market’s “draggers” included key stocks from the banking and cement sectors, with UBL and NBP in particular causing the most losses with a negative contribution of -319.60 and -292.31 points respectively. Apart from these, OGDC, ENGROH, and PPL also played a role in dragging the market down. On the other hand, among the “pillars” MTL (+64.38) and cement companies like DGKC (+34.05) and CHCC (+28.47) tried to show some resistance, but they failed to stem the flood of bearishness.

In the current situation, it is advisable to wait for the market to stabilize.