KSE-100 today rose 768 points for a second straight gain. The index has won back 61% of its KP emergency losses.

The KSE-100 today posted a second straight gain at the Pakistan Stock Exchange, closing on Thursday 15 October at 166,186.16, up 768.66 points or 0.46%, Business Recorder reported. Buying in banks, energy and car stocks lifted the index as high as 166,877.01 before profit-taking trimmed the gain in the afternoon. Across Wednesday and Thursday the benchmark has now won back about 61% of the 2,313 points it lost after emergency and governor’s rule were imposed in Khyber Pakhtunkhwa (KP), a Knock-On calculation.

The short version

• The KSE-100 closed at 166,186.16 on 15 October, up 768.66 points (0.46%), with an intraday range of 165,613.11 to 166,877.01.
• Two up days have recovered 1,410 of the 2,313 points lost on 12 and 13 October; the index is still about 903 points below its 9 October close (Knock-On calculations).
• The rise came as Parliament’s joint sitting approved the KP emergency and governor’s rule, and while most Asian markets fell on US inflation worries.
• Gainers outnumbered losers 292 to 169 among 572 companies traded.

What happened

The market opened with gains of more than 550 points, according to 24 News HD, though Business Recorder described early trade as volatile, with the index briefly dipping to 165,613.11. It then climbed above 166,000 and peaked around midday at 166,877.01, up 1,459.50 points, before profit-taking pulled it back. Buying was spread across car assemblers, commercial banks, oil and gas exploration companies, oil marketing companies and power producers, 24 News HD reported. Refinery shares were again among the most traded: Cnergyico traded 61.9 million shares and Pakistan Refinery 43.3 million, according to Business Recorder’s tables.

Thursday’s gain follows Wednesday’s 641-point rise to 165,417.51, which we covered in our report on the KSE-100 ending a two-day slide. Those two sessions came after a 1,964.87-point drop on 12 October, the first trading day after the emergency, set out in our analysis of emergency rule in KP and the PSX.

Why it matters

The KSE-100 today rose on a day when risk appetite elsewhere in Asia was weak. US consumer inflation came in hotter than expected, and CME FedWatch data cited by Business Recorder put the chance of a US rate rise on 28 October at 31.6%, up from 22.1% a day earlier. MSCI’s Asia-Pacific index outside Japan fell 1.2% and South Korea’s KOSPI fell 5.6%. A local market that rises against that backdrop suggests investors are treating the KP shock as a domestic risk that is now better understood, not a reason to keep selling. For companies, a steadier index lowers the cost of raising equity and supports confidence in listings and share sales.

The knock-on effects

First order: KSE-100 today rewards rate-sensitive and energy stocks

Banks, exploration companies, oil marketers and power producers make up a large part of the index, so buying in those groups moves it quickly. Car assemblers also joined in, even though September car sales showed buyers waiting for the new auto policy.

Second order: political steps now come with dates

The joint sitting of the National Assembly and Senate on Thursday passed a resolution by 240 votes to 46, 24 News HD and Minute Mirror reported, while opposition members protested in the house. Law Minister Azam Nazeer Tarar linked the decision to terrorism and internal disturbance; Opposition Leader Mehmood Khan Achakzai criticised the proceedings and offered dialogue. Under Article 234, governor’s rule lapses after two months unless extended, up to a maximum of six months. A petition is also pending in the Peshawar High Court. Known dates give investors something to price.

Third order: US rates and oil

A US rate rise would strengthen the dollar and tighten money for emerging markets, which matters as Pakistan works towards a double-B credit rating. Oil is the other external risk after attacks on Saudi energy sites; crude was quoted at $94.58 a barrel on 14 October.

Who could benefit

• Issuers and IPO candidates: two calmer sessions make pricing share sales less risky.
• Brokers: active, two-way trading supports commissions.
• Energy and refining companies: they continue to draw the heaviest trading interest.

Who may face pressure

• Businesses with KP exposure: governor’s rule can be extended in stages to six months.
• Importers and fuel-heavy sectors: if a US rate rise lifts the dollar or Gulf attacks keep crude high.
• Late buyers: the afternoon fade shows traders are still quick to take profits.

What to watch

• Whether the KSE-100 can reclaim its 9 October close of 167,089.28.
• Hearings on the KP petition in the Peshawar High Court.
• The US Federal Reserve decision on 28 October.
• Crude prices after further attacks in the Gulf.

Sources

• Business Recorder, PSX: KSE-100 gains over 700 points, albeit late-session selling, 15 Oct 2026
• 24 News HD, PSX jumps 768 points as KSE-100 Index closes at 166189, 15 Oct 2026
• Business Recorder, PSX: bulls dominate, KSE-100 ends with over 600 points gain, 14 Oct 2026
• 24 News HD, Joint session stamps resolution endorsing governor’s rule in KP, 15 Oct 2026
• Minute Mirror, Parliament approves governor’s rule in KP amid protests, 15 Oct 2026
• Business Recorder, Saudi stocks slip after attack on Aramco building; Gulf markets mixed, 14 Oct 2026

This is analysis, not investment advice. Figures are as of the market close on 15 Oct 2026. Knock-On is not affiliated with any political party.