PSX Closing Bell: A Rally Worth the Roar

November 04, 2026 (MLN): The benchmark KSE-100 Index surged on Wednesday, gaining 3,994.62 points or 2.38% to close at 172,013.48, as broad-based buying supported the market amid easing oil prices and developments surrounding the U.S. midterm elections.

Oil prices declined in early Wednesday trading as investors assessed the election outcome and its potential implications for Middle East peace negotiations.

An unexpected decline in U.S. crude inventories, however, provided some support to oil prices, tempering the decline. The softer oil environment and improving sentiment around geopolitical developments helped support risk appetite at the local bourse.

The political outcome in the United States appeared to support market sentiment, encouraging renewed buying at the Pakistan Stock Exchange. The benchmark remained in positive territory throughout the session, reflecting broad-based demand across major sectors, particularly banking, cement and fertilizer stocks.

The index remained positive throughout the session, touching an intraday high of 172,286.99, up 4,268.13 points, while its low stood at 168,355.26, still 336.40 points above the previous close. Trading volume in KSE-100 constituents reached 371.01 million shares.

Market breadth remained strongly positive, with 90 companies advancing and 10 declining.

BOP led the gainers, rising 10.00%, followed by AKBL (+8.79%), NBP (+6.92%), KEL (+6.57%) and AHCL (+5.96%). On the losing side, BNWM fell 3.19%, PSEL declined 2.87%, HINOON shed 1.25%, IBFL lost 0.97% and IMAGE eased 0.59%.

In terms of index-point contributions, UBL added the most points, contributing 293.07, followed by FFC with 245.35 points, HUBC with 241.62 points, LUCK with 228.38 points and NBP with 206.62 points. Conversely, PSEL pulled the index down by 37.74 points, while HINOON, NESTLE, UPFL and IBFL also exerted downward pressure.

Sector-wise, Commercial Banks provided the strongest support, adding 1,498.03 points to the benchmark. Cement contributed 559.22 points, Fertilizer 477.54 points, Oil & Gas Exploration Companies 292.92 points and Power Generation & Distribution 289.30 points.

On the downside, Miscellaneous stocks dragged the index by 27.25 points, while Synthetic & Rayon, Apparel, Sugar & Allied Industries and Tobacco recorded relatively minor negative contributions.

In the broader market, the All-Share Index closed at 103,148.97, gaining 2,147.61 points or 2.13%.

Total market volume rose to 841.62 million shares from 517.35 million in the previous session, while traded value increased by Rs14.69 billion to Rs35.39 billion.

A total of 416,834 trades were reported across 499 companies, of which 368 closed higher, 103 lower and 28 remained unchanged.

To note, the KSE-100 has lost 8,288 points or 4.60% during the fiscal year, whereas it has decreased 2,041 points or 1.17% so far this calendar year.

Copyright Mettis Link News