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Banking Giants Power PSX Rally as KSE-100 Closes at Record Levels

Business Desk by Business Desk
January 6, 2026
in Business, Pakistan Stock Exchange
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Heavyweight banking stocks dominated trading at the Pakistan Stock Exchange on January 6, 2026, driving the KSE-100 Index sharply higher and pushing it to a closing level of 185,062.11.

Among the top contributors, MCB Bank led the rally with a 450.68-point contribution, followed closely by United Bank Limited (UBL), which added 446.03 points. Other major gainers included MEBL, HBL, and Lucky Cement, collectively reinforcing the index’s upward momentum.

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Despite some pressure from select energy stocks, overall sentiment remained firmly positive. The index recorded a daily gain of 2,653.87 points, with a trading range exceeding 4,000 points between the day’s low and high.

Market experts note that sustained buying in blue-chip stocks and expectations of economic stability are encouraging institutional participation in equities.

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