On February 17, 2026, the Pakistan Stock Exchange (PSX) faced significant setbacks, with the KSE-100 index closing down 1,303.52 points at 173,150.41, a decline of 0.75% from the previous close of 174,453.93. The session was marked by high volatility, as the index initially surged to an intraday high of 176,131.35 before aggressive selling led to a low of 171,693.39. This sell-off was largely driven by persistent foreign corporate selling and a lack of investor confidence, as highlighted by Topline Securities. Trading volumes remained robust at 424.96 million shares, valued at Rs 32.76 billion, despite the negative sentiment dominating the market. Key stocks like K-Electric Limited and Pakistan State Oil (PSO) saw notable declines, with K-Electric falling 4.30% and PSO down 6.05% after reporting disappointing earnings due to higher inventory losses and tax rates.