PSX Daily Market Update | 16 October 2026
By PSX Investors Zone · October 16, 2026
The KSE-100 gained 233.55 points on 16 October 2026, extending its recent recovery. Review market activity, Shariah-market indices, official company announcements and key levels to watch.
The Pakistan Stock Exchange (PSX) closed higher on Friday, 16 October 2026. The KSE-100 Index settled at 166,419.71, gaining 233.55 points (0.14%) from Thursday’s close of 166,186.16. Thursday’s session had gained 768.66 points, making this the second consecutive positive close.
Total market volume reached approximately 396.90 million shares, with traded value of Rs18.68 billion. Market breadth was mixed: 211 companies advanced, 254 declined and 107 remained unchanged.
Top Gainers and Losers: The final ranked lists could not be reliably verified from the available official data. Check the PSX Market Performers section before adding individual names.
Sector and Shariah Watch: The Banks Tradable Index gained 0.23%, while the Oil and Gas Tradable Index fell 0.51%. The KMI-30 declined 0.05%, indicating that the broader market’s positive close did not extend to every Shariah-market benchmark.
Company News and Dividends: PSX announcements dated 16 October included a final cash-dividend credit notice from Globe Residency REIT and a dividend-credit notice from International Steels. Other notices included board-meeting and corporate-briefing updates. Read the original details at official PSX announcements.
Support and Resistance: The intraday low near 165,956 is a reference support area; the high near 166,708 is a reference resistance area. These levels reflect the session range and are not guaranteed turning points.
Tomorrow’s Outlook: The market is closed over the weekend. For Monday, watch whether buying broadens and the index sustains above the recent range.
Investor Learning: A rising index can coexist with more declining than advancing shares. Check market breadth as well as the headline index.
FAQ: Does a positive close mean the whole market rose? No. Individual stocks and sectors can fall while the benchmark gains.
Official links: PSX Market Summary | PSX Data Portal
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This update is market commentary for educational purposes, not investment advice.