KSE-100 Extends Recovery, Gains 1,270 Points

KARACHI, October 29, 2026 — The Pakistan Stock Exchange (PSX) rose for a third straight session on Wednesday. The benchmark KSE-100 index gained 1,269.55 points, or 0.77%, to close at 165,736.76.

The index climbed above 166,000 during the session. Profit-taking later pared some gains, but the market still finished above 165,000. The Pakistan Stock Exchange’s market summary confirmed the closing level and gain. See the PSX market summary.

Corporate results support the market

Dawn reported that better-than-expected company results helped lift investor sentiment. Engro Holdings reported consolidated profit after tax of Rs10.469 billion for the third quarter of 2026, up 17% from a year earlier, according to Arif Habib Ltd.

Fauji Fertiliser, National Bank, Hub Power, MCB Bank and Bank Alfalah were among the leading contributors. Together, they added about 833 points to the KSE-100, Dawn reported. Read Dawn’s market report.

Trading activity also increased

Trading activity rose from the previous session. Volume increased 43.82% to 578 million shares, while traded value climbed 45.01% to Rs26.2 billion, according to Dawn. PSX data recorded total market volume of 578.1 million shares and value of about Rs26.2 billion. PSX market summary.

Pervez Ahmed Co led the volume chart, with 58 million shares traded, Dawn reported.

Oil prices and interest rates remain concerns

The rally continued despite pressure from high oil prices and a recent State Bank of Pakistan policy rate increase. Dawn reported that the central bank raised its rate from 11.5% to 12% to curb inflation.

Oil prices also rose on Wednesday amid renewed concerns about supply risks in the Middle East. Brent crude futures increased by about 1% to $115.02 a barrel, while US West Texas Intermediate rose 1.7% to $101.61, Dawn reported.

Pakistan relies on energy imports that pass through the Strait of Hormuz. Higher energy costs could put pressure on the economy and on companies’ input expenses. Investors are also watching regional developments and diplomatic efforts to ease the conflict.

T-bill auction draws strong bids

At a Treasury bill auction, investors—mainly banks—submitted bids worth Rs4,868 billion against a target of Rs1,650 billion. The auction also had maturities of Rs1,195 billion. Yields rose by 25 to 61 basis points across tenors, according to Dawn.

The market’s third consecutive gain came as corporate earnings and buying in major stocks supported shares. However, high oil prices and borrowing costs remain key factors for investors to watch.