On February 12, 2026, the Pakistan Stock Exchange (PSX) experienced a significant downturn, with the benchmark KSE-100 Index plummeting by 2,537.16 points, a decrease of 1.39%, to close at 180,512.65 points, as reported by The Frontier Post. This decline was attributed to widespread selling pressure across major sectors, including cement, commercial banks, oil and gas exploration, and refineries. The ProPakistani article highlighted that the market sentiment turned negative following the underwhelming fourth-quarter results from Engro Fertilizers (EFERT), which reported earnings per share of Rs 6.26 and a dividend payout of Rs 4.0, below market expectations. This disappointment triggered a selling spree, particularly affecting the exploration and production sector, with Pakistan Petroleum Limited (PPL) and Oil & Gas Development Company (OGDC) contributing significantly to the index's decline.