KARACHI: Pakistan Stock Exchange (PSX) staged a powerful rally on Tuesday, as broad-based buying lifted investor sentiment amid easing geopolitical tensions following US President Donald Trump’s peace remarks.
The benchmark KSE-100 Index jumped 5,448.56 points, or 3.13 percent, to close at 179,335.24 points against 173,886.69 points in the previous session. The index touched an intraday high of 179,424.04 points and a low of 176,273.72 points during the trading.
The BRIndex100 closed at 19,769.87 points. The index gained 643.20 points, or 3.36 percent, compared with the previous close. Total volume stood at 686.771 million shares. The BRIndex30 closed at 69,929.16 points, gaining 2,367.17 points, or 3.50 percent, against the previous session. Total volume reached 432.677 million shares.
According to Ali Najib, Deputy Head of Trading at Arif Habib Limited, the market opened on a strong note following the long weekend and maintained its upward momentum throughout the session, as broad-based buying supported sentiment amid easing geopolitical tensions. From the index contribution perspective, UBL, LUCK, FFC, MEBL, HUBC, HBL, PPL, OGDC, ENGROH and BAHL emerged as the top 10 positive contributors, collectively adding approximately 3,083 points to the benchmark index.
On the macroeconomic front, overseas remittances increased 14 percent year-on-year to US$3.9 billion in October 2026, up 8 percent month-on-month. Cumulatively, remittances rose 14 percent year-on-year to US$14.80 billion during the first four months of fiscal year 2027 (4MFY27).
Overall market activity showed a significant increase in traded value, although share turnover declined from the previous session. Ready-market turnover stood at 972.433 million shares against 1.48 billion shares, in the previous session. However, the total traded value surged to Rs50.665 billion from Rs22.572 billion, an increase of Rs28.093 billion, or 124.46 percent.
Total market capitalization expanded by Rs488.143 billion to Rs19.397 trillion from Rs18.909 trillion previously. Market breadth remained heavily tilted towards advancing shares, with 363 companies advancing, 107 declining and 31 remaining unchanged out of 501 active issues.
Cnergyico PK led ready-market turnover with 70.088 million shares. The stock closed at Rs11.35 against the previous close of Rs12.10. Tasdeeq Information followed with 46.846 million shares. It settled at Rs5.24 compared with Rs5.03 previously. Meanwhile, K-Electric Limited recorded turnover of 42.271 million shares. The stock closed at Rs6.21 against the previous close of Rs6.11.
Among ready-market price gainers, Rafhan Maize Products Company Limited recorded the largest increase, rising by Rs134.90 to close at Rs8,534.89. Sazgar Engineering Works Limited followed, gaining Rs96.94 to settle at Rs1,505.04.
On the losing side, Attock Refinery Limited recorded the largest decline, shedding Rs33.04 to finish at Rs 949.12. National Refinery Limited followed, falling by Rs31.53 to close at Rs442.92.
Sectoral performance remained positive across all reported indices, with the BR Cement Index recording the largest percentage gain. It advanced by 747.11 points, or 6.06 percent, to close at 13,072.62 points, with total turnover of 107.501 million shares.
The BR Commercial Banks Index rose by 2,335.45 points, or 3.84 percent, to settle at 63,163.03 points, with turnover of 71.609 million shares. The BR Power Generation and Distribution Index gained 1,006.22 points, or 3.82 percent, to close at 27,316.46 points, recording total turnover of 73.946 million shares.
The BR Automobile Assembler Index increased by 623.68 points, or 2.79 percent, to finish at 23,009.03 points, with a turnover of 3.342 million shares. The BR Oil and Gas Index advanced by 392.91 points, or 2.62 percent, to close at 15,417.84 points, with total turnover of 62.982 million shares.
The BR Technology and Communication Index gained 70.39 points, or 2.27 percent, to settle at 3,170.85 points, with turnover of 67.702 million shares.
Ali Najib said the market was likely to consolidate within the 176,000–180,000 range amid cautious sentiment ahead of the US Consumer Price Index (CPI) release and the MSCI review scheduled for the following day. He noted that headlines surrounding Trump’s peace efforts and the possibility of strikes would influence near-term market direction. While momentum remained strong, he expected profit-taking below the 180,000-point level.
Copyright Business Recorder, 2026
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