PSX Daily Market Update | 23 October 2026
By PSX Investors Zone · October 23, 2026
The KSE-100 Index fell 1,549.44 points to close at 162,374.87 on 23 October 2026. Selling pressure continued across major sectors amid elevated oil prices and Middle East tensions. Commercial banks, oil and gas exploration, cement, investment companies and technology stocks weighed on the market. The KMI-30 Shariah index also declined, while investors watched geopolitical developments and market support levels.
The Pakistan Stock Exchange (PSX) closed lower on Friday, 23 October 2026, extending the previous session’s decline. The KSE-100 Index settled at 162,374.87, down 1,549.44 points or 0.95% from the previous close of 163,924.31. The index reached an intraday high of 163,966.86 and a low of 162,292.44. KSE-100 volume was 110.96 million shares. Total market volume reached 398.94 million shares, with traded value of approximately Rs18.20 billion.
Top movers: UPFL fell 9.37%, TRG declined 4.00%, PTC lost 3.78%, LOTCHEM dropped 3.72%, and NML decreased 3.55%. Among the gainers, PSEL rose 4.54%, THCCL gained 3.91%, TPLRF1 advanced 2.54%, AKBL added 1.65%, and BML increased 1.45%.
Sector performance: Commercial banks exerted the largest negative impact, contributing -427.18 points, followed by oil and gas exploration (-182.42), investment companies (-173.25), cement (-173.15), and technology and communication (-159.48). Higher international oil prices and renewed geopolitical tensions kept investors cautious. Market breadth remained weak, with 311 stocks declining, 136 advancing and 48 unchanged across the broader market.
Shariah-compliant market watch: The KMI-30 declined 1.23% to 232,733.99, while the KMI All Share Index fell 1.12% to 63,955.68. Investors should verify current Shariah screening status before considering individual stocks.
Next-session outlook and technical levels: The session low near 162,292 is an immediate support reference. The previous close near 163,924, followed by the intraday high near 163,967, forms a potential resistance area. These are reference levels, not guaranteed turning points. Oil prices and geopolitical developments may continue to influence sentiment.
Investor learning point: A falling market is not, by itself, a buy signal. Consider company fundamentals, valuation, risk and Shariah eligibility before investing.
FAQ: Should investors buy after two declining sessions? Not automatically. Review your investment plan and avoid decisions driven by short-term market movements.
Sources: Official PSX Data Portal | PSX Company Announcements | Full market closing report
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This update is market commentary for educational purposes, not investment advice.