Karachi, February 12, 2026 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) suffered a sharp decline on Thursday, dropping 2,537 points to close at 180,512.64, as weak corporate earnings and sector-specific concerns weighed on investor sentiment.
Investors reacted strongly to disappointing corporate results and rising uncertainties around the Reko Diq project, which raised concerns over project timelines and funding. Analysts pointed out that selling pressure was broad-based, affecting key sectors including cement, commercial banks, oil and gas exploration companies, and refineries.
Among major index-heavy stocks, MCB, NBP, OGDC, POL, PPL, and ARL traded in the red, intensifying the market slide. Market participants noted that negative sentiment in a few large-cap stocks triggered a ripple effect across the board.
KSE-100 Index Snapshot – February 12, 2026
| Metric | Value |
| Current Index | 180,512.64 |
| Change | -2,537.16 |
| Percent Change | -1.39% |
| High | 182,757.08 |
| Low | 178,725.24 |
| Volume | 448,219,476 |
| Previous Close | 183,049.80 |
| Market Value (PKR) | 31,950,652,231 |
Analysts cautioned that the market may continue to experience volatility in the near term due to uncertainties in major infrastructure projects and uneven corporate earnings across sectors.
Sector Performance: Cement, banking, and oil & gas stocks were hit the hardest, while selective buying was observed in defensive sectors.
Disclaimer: The information provided in this article is for general informational purposes only and should not be considered as financial or investment advice. Investors are advised to conduct their own research or consult a licensed financial advisor before making any investment decisions.