PSX Closing Bell: Green Without Brakes

November 05, 2026 (MLN): The benchmark KSE-100 Index surged 3,366.38 points or 1.96% on Thursday to close at 175,379.86, as broad-based buying across heavyweight sectors powered a strong market rally.

Investor sentiment received a boost from declining oil prices, which extended their losing streak to a fourth consecutive session. Investors assessed the implications of setbacks for U.S. President Donald Trump's Republican Party in Congressional elections, weighing whether the political developments could reduce the likelihood of further military escalation in the Middle East. Easing geopolitical concerns and softer crude prices supported risk appetite.

The index remained positive throughout the session, touching an intraday high of 176,604.51, up 4,591.03 points, while its low stood at 174,291.25, reflecting a gain of 2,277.77 points.

KSE-100 volume reached 492.78m shares, with market breadth strongly positive as 85 index companies closed higher, 13 lower, and 2 unchanged.

GAL led the gainers with a rise of 7.25%, followed by NML (+5.61%), SYS (+5.34%), NPL (+5.32%), and INIL (+5.28%).

On the losing side, PSEL declined 2.01%, followed by ATRL (-1.72%), SSGC (-1.63%), BML (-1.42%), and AHCL (-1.17%).

UBL emerged as the largest positive contributor to the index, adding 326.10 points, followed by LUCK (+307.03pts), MEBL (+267.83pts), SYS (+211.16pts), and ENGROH (+181.61pts).

Conversely, ATRL dragged the index down by 26.35 points, followed by PSEL (-25.74pts), MARI (-17.90pts), POL (-10.16pts), and BML (-6.56pts).

Sector-wise, Commercial Banks led the rally with a contribution of 1,296.92 points, followed by Cement (+625.60pts), Technology & Communication (+271.05pts), Oil & Gas Exploration Companies (+204.49pts), and Power Generation & Distribution (+185.34pts).

The index faced pressure from Refinery (-21.92pts), Miscellaneous (-20.76pts), Real Estate Investment Trust (-3.54pts), and Leather & Tanneries (-2.12pts), while Insurance remained unchanged.

In the broader market, the All-Share Index settled at 105,023.93, gaining 1,874.96 points or 1.82%.

Total market volume increased to 999.81m shares from 841.62m in the previous session, while traded value surged by Rs10.67bn to Rs46.06bn.

A total of 498,895 trades were recorded across 500 companies, with 364 stocks closing higher, 103 lower, and 33 remaining unchanged.

To note, the KSE-100 has lost 4,922 points or 2.73% during the fiscal year, whereas it has increased 1,326 points or 0.76% so far this calendar year.

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