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Markets Print edition: 2026-11-04

PSX stages smart rally

Published Updated

KARACHI: Pakistan Stock Exchange (PSX) rallied on Tuesday as easing international crude oil prices and optimism over potential negotiations between the United States and Iran improved investor sentiment.

The KSE-100 Index advanced by 1,454.80 points, or 0.87 percent, to close at 168,018.87 points compared with 166,564.07 points in the previous session. During the day, it moved within a range of 1,161.12 points, reaching an intraday high of 168,469.78 points and a low of 167,308.66 points.

Business Recorder’s benchmark indices also reflected the positive momentum. BRIndex100 closed at 18,419.31 points, gaining 155.71 points, or 0.85 percent, with a total turnover of 359.767 million shares. BRIndex30 rose by 266.99 points, or 0.42 percent, to settle at 64,551.36 points, with a total volume of 228.588 million shares.

According to Topline Securities, the decline in international crude oil prices amid growing optimism over a potential deal between the United States and Iran was the primary driver of the market’s positive momentum. Hopes of easing geopolitical tensions helped reduce concerns over regional uncertainty and improved investor risk appetite. FFC, ENGROH, PSEL, MEBL and EFERT were the major contributors to the index’s gains, collectively adding approximately 701 points to the benchmark.

Ready-market activity increased in both share volume and traded value. Total turnover stood at 517.345 million shares compared with 443.432 million shares in the previous session, an increase of 73.913 million shares, or 16.67 percent. Total traded value expanded to Rs. 20.704 billion from Rs. 17.731 billion, an addition of Rs. 2.973 billion, or 16.76 percent.

Total market capitalisation expanded by Rs. 102.488 billion to Rs. 18.396 trillion from Rs. 18.293 trillion previously.

Market breadth leaned heavily positive, with 270 companies advancing, 189 declining and 41 remaining unchanged out of 500 active issues.

Cnergyico PK led ready-market turnover with 114.827 million shares. The stock closed at Rs. 11.74 against the previous close of Rs. 12.28. Pervez Ahmed Co followed with 64.936 million shares. It settled at Rs. 4.96 compared with Rs. 3.96 previously. Pak Refinery recorded turnover of 29.593 million shares. The stock finished the day at Rs. 84.34 against the previous close of Rs. 87.26.

Among ready-market price gainers, Unilever Pakistan Foods Limited recorded the largest increase, rising by Rs. 201.02 to close at Rs. 26,200.00. Pakistan Services Limited followed, gaining Rs. 108.37 to settle at Rs. 1,192.08.

On the losing side, Bhanero Textile Mills Limited recorded the largest decline, shedding Rs. 38.69 to finish at Rs. 859.46. Siemens (Pakistan) Engineering followed, falling by Rs. 35.57 to close at Rs. 1,551.69.

Sectoral performance was broadly positive, although the BR Automobile Assembler Index remained in negative territory. It declined by 77.09 points, or 0.36 percent, to close at 21,559.30 points, with turnover of 0.971 million shares.

The BR Cement Index gained 149.93 points, or 1.31 percent, to settle at 11,617.65 points, with 33.889 million shares traded. The BR Commercial Banks Index advanced by 426.81 points, or 0.74 percent, to close at 58,274.89 points, with turnover of 18.436 million shares.

The BR Power Generation and Distribution Index rose by 170.73 points, or 0.69 percent, to 25,040.59 points, with 16.613 million shares traded. The BR Oil and Gas Index increased by 76.89 points, or 0.52 percent, to close at 14,792.49 points, with turnover of 24.096 million shares.

The BR Tech. & Comm. Index gained 22.96 points, or 0.78 percent, to settle at 2,967.87 points, with 32.953 million shares traded.

Analysts said market sentiment could retain a positive trajectory, supported by easing global commodity and crude oil prices and constructive geopolitical developments. They added, however, that investors would continue to monitor macroeconomic indicators and corporate earnings for near-term direction.

Copyright Business Recorder, 2026