KSE-100 Rally: Index Jumps 5,449 Points to 179,335
The KSE-100 rally carried the Pakistan Stock Exchange higher on Tuesday, as the benchmark index gained 5,449 points and closed at 179,335.24, the top of its weekly and monthly ranges. The index closed at 179,335.24, up 5,448.56 points or 3.13 per cent from Friday’s close of 173,886.69.
Trading resumed after Monday’s public holiday for Iqbal Day, and buyers stayed in control through the session. The index never slipped into negative territory. It touched an intra-day high of 179,424.04 and a low of 176,273.72 before closing near the top of the day’s range.
KSE-100 rally: banks and cement lead the gains
Banks and cement makers drove the advance. UBL, Lucky Cement, Meezan Bank, Systems Ltd, Engro Holdings, Bank AL Habib, HBL, Hub Power, Oil and Gas Development Company and Pakistan Petroleum added about 1,981 points to the index between them, The Express Tribune reported.
UBL alone contributed 630.22 points. Banks as a group added 2,099.31 points to the benchmark, while cement stocks posted the sharpest sector gains. Fauji Cement rose 9.58 per cent, Maple Leaf Cement gained 7.23 per cent, DG Khan Cement climbed 6.54 per cent and Lucky Cement added 5.59 per cent.
Refineries moved the other way. National Refinery fell 6.65 per cent and Attock Refinery lost 3.36 per cent, as lower crude prices weighed on their margins.
Oil slide and remittances lift sentiment
Two forces powered the buying. Brent crude fell to 96 dollars a barrel from 102 dollars in the previous session, down more than 8 per cent, while US crude dipped below 87 dollars. The slide eased fears about Pakistan’s import bill and inflation, since the country buys nearly all of its oil from abroad.
The second support came from remittances. Pakistan received 3.89 billion dollars from overseas workers in October, the strongest monthly figure so far this financial year, and the inflows have steadied the external account.
Ali Najib, deputy head of trading at Arif Habib Limited, linked the rally to both factors. He said the market had reclaimed the 175,000 level for the first time since September 1, 2026, helped by the sharp correction in global oil prices and improving risk appetite after US President Donald Trump played down the need for further military action against Iran.
“Going forward, the market is likely to maintain its bullish momentum amid easing oil prices and improved global risk appetite. However, profit-taking may emerge at higher levels, keeping investors selective and cautious,” Najib said.
Trading volumes and market breadth
Turnover stayed heavy even though volumes fell from Friday’s tally. About 972.4 million shares changed hands, against 1.48 billion shares in the previous session, and the value of traded shares stood at Rs50.7 billion.
Breadth stayed firmly positive. Shares of 501 companies traded in the ready market, and 363 closed higher while 107 fell and 31 stayed unchanged. Market capitalisation rose to Rs19.397 trillion from Rs18.909 trillion. The All-Share Index gained 2,816.27 points to close at 107,010.16.
Cnergyico PK led the volume chart with 70.1 million shares traded, though the stock fell Rs0.75 to close at Rs11.35. Tasdeeq Information followed with 46.8 million shares and K-Electric with 42.3 million. Among the top gainers, Rafhan Maize rose Rs134.90 to Rs8,534.89, while Sazgar Engineering advanced Rs96.94 to Rs1,505.04. Foreign investors bought shares worth Rs1.68 billion, according to the National Clearing Company.
What comes next for the market
The rally extends a strong run for the exchange. The KSE-100 had already posted its strongest weekly gain in nearly six months, rising 7,477 points in the week before this session.
Cheaper fuel is also helping the wider economy. Petrol now sells at Rs338 a litre after the latest price cut, which eases transport costs for households and businesses. Foreign investors have also returned to government bonds, putting more than 700 million dollars into Pakistan’s securities in the first four months of the financial year.
Traders will now watch whether the rally holds above 179,000 or gives way to profit-taking. ARY News confirmed the same close at 179,335.24 and noted that cement stocks led the advance. Bank lending to small businesses has also picked up, a sign credit conditions are easing too.
Frequently asked questions
How much did the KSE-100 gain on Tuesday?
The benchmark index gained 5,448.56 points, or 3.13 per cent, to close at 179,335.24. It touched an intra-day high of 179,424.04 and a low of 176,273.72.
Why did the PSX rally on Tuesday?
Easing international oil prices and strong October remittances of 3.89 billion dollars lifted sentiment. Calmer signals on US-Iran tensions also improved risk appetite after the market reopened following Monday’s Iqbal Day holiday.
Which stocks led the rally?
UBL contributed the most with 630.22 points, followed by Lucky Cement, Fauji Fertiliser, Meezan Bank and Hub Power. Cement stocks led the sector gains, while banks added 2,099.31 points to the index.
How many shares traded on Tuesday?
About 972.4 million shares changed hands, worth Rs50.7 billion. Of the 501 companies traded, 363 closed higher, 107 fell and 31 stayed unchanged.
How does Tuesday’s close compare with recent levels?
The close of 179,335.24 put the index at the top of its weekly and monthly ranges. Month-to-date, the index is up 12,925.99 points, or 7.77 per cent, from a monthly low of 166,409.25.
