KSE-100 Drops Over 1300 Points: Pakistan Stock Market Update

February 17, 2026 Priya Shah – Business Editor Business

Pakistan’s benchmark KSE-100 index closed lower on Tuesday, shedding 1,303.52 points to settle at 62,150.41, a significant downturn from its previous close of 63,453.93 points.

The index experienced considerable volatility throughout the trading day, peaking at 63,781.35 points and reaching a low of 62,138.39 points. Total trading volume reached 424,959,530 shares, with a value of Rs32,759,788,353, according to data released at market close.

K-Electric Limited led the volume charts, though as one of the day’s largest decliners, falling 3.81 percent to close at Rs7.82 with 122,541,564 shares traded. Bank of Punjab saw gains, rising 2.62 percent to Rs34.12 on a volume of 79,835,860 shares. Worldcall Telecom Limited as well experienced high trading activity, decreasing 0.65 percent to Rs1.52 with 35,505,622 shares changing hands.

Itanz Technologies Limited emerged as the top advancer, increasing 11.78 percent to Rs9.49. Metropolitan Steel Corporation Limited followed with a 10.02 percent rise to Rs23.05, and 786 Investments Limited increased by 10.01 percent to Rs19.67. Conversely, LSE Capital Limited suffered the largest decline, plummeting 38.76 percent to Rs1.09. Mirpurkhas Sugar Mills Limited decreased by 10.01 percent to Rs31.82, and Engro Powergen Qadirpur Limited fell 10.01 percent to Rs27.69.

Millat Tractors Limited (MTL) announced its second-quarter fiscal year 2026 results on Tuesday, reporting an unconsolidated profit of Rs2.4 billion, a 21 percent decrease year-over-year, but a substantial 4.7-fold increase quarter-over-quarter. Topline Securities noted the result exceeded expectations due to higher-than-anticipated gross margins, and MTL’s stock closed up 3.32 percent at Rs548.91.

Pakistan State Oil Company (PSO) also released its 2QFY26 results, reporting an unconsolidated profit of Rs2.7 billion. Although, Topline Securities indicated these earnings fell short of industry forecasts, attributed to larger-than-expected inventory losses and a higher Effective Tax Rate (ETR). PSO’s stock closed down 6.05 percent at Rs409.39.

The downturn follows a particularly challenging session on Monday, when the KSE-100 lost over 5,000 points, a decline of 2.87 percent. Topline Securities analysts attributed Monday’s losses to foreign investment outflows and increased political uncertainty, which intensified bearish sentiment in the market.