KSE-100 today closed at 167,193.43 on Thursday, 29 October, up 1,456.68 points or 0.88%, Business Recorder reported. It was the benchmark index’s fourth gain in a row, and it took the Pakistan Stock Exchange above its 16 October close of 166,419.72, so the whole of last week’s Gulf-driven fall has now been recovered. Corporate earnings and steady buying by institutions drove the move, while Brent crude eased but stayed above $110 a barrel.
The short version
- The KSE-100 closed at 167,193.43, up 1,456.68 points (0.88%), after touching about 167,500 in early trade.
- In four sessions it has gained 4,818.59 points, about 119% of the 4,044.84 points it lost in the week to 23 October (Knock-On calculation).
- Buying spread across banks, autos, oil and gas producers, fuel marketers and power companies.
- Brent fell $1.22 to $114.10 a barrel and the rupee firmed to 276.76 per dollar.
What happened
The index opened strongly. At 11:10am it was at 167,316.40, up 1,579.65 points, Business Recorder reported, and The Express Tribune said it traded between 165,907.29 and 167,483.48 by midday, with about 191 million shares worth Rs12.27bn changing hands by early afternoon. Gains were trimmed around midday before buyers returned in the afternoon.
According to The Express Tribune, buying was seen in car assemblers, commercial banks, oil and gas exploration companies, oil marketing companies and power producers. Index-heavy names trading higher included HUBCO, K-Electric, Mari, POL, PPL, PSO, SNGPL, HBL, MCB, Meezan Bank and UBL. PSO reported on Thursday that its profit rose 172% to Rs25.56bn in July–September.
Four up days have more than erased last week’s fall
KSE-100 change, index points, week to 23 Oct and sessions of 26–29 Oct 2026
Why it matters
KSE-100 today is 773.71 points above its 16 October close (Knock-On calculation), which means investors have fully priced out last week’s fall, driven by fears over Gulf attacks. That fall was covered in KSE-100 today lost 2,006 points, and the first three days of the rebound in the KSE-100 rally. The difference this time is the source of support: quarterly results, rather than any easing in oil, which is still above $110. For companies, a recovered market makes it easier to raise equity, and for banks and funds it restores the value of their share holdings before the year-end.
The knock-on effects
First order: earnings carry the KSE-100
Results such as PSO’s on Thursday, and what The Express Tribune called stronger-than-expected corporate results behind Wednesday’s rise, have given investors reasons to buy that do not depend on the Gulf. Business Recorder linked Thursday’s gains to corporate earnings and steady institutional interest.
Second order: global rates stay a risk
The US Federal Reserve held rates, but two members voted for a hike, and traders put the odds of a December increase at 78%, Business Recorder reported. A stronger dollar would add pressure on the rupee and on Pakistan’s import bill, as set out in Knock-On’s story on the Fed rate decision and Pakistan’s rates.
Third order: oil decides how far the rally goes
Brent eased 1.1% on Thursday as peace hopes offset fears of a wider Middle East conflict. At $114 it is still high enough to keep fuel prices, inflation and the policy rate under pressure, which limits how far rate-sensitive sectors can rise.
Who could benefit
- Companies with strong results: earnings are now the main reason investors are buying.
- Brokers and asset managers: four days of gains support trading and fund inflows.
- Firms planning share sales: a market back above its pre-fall level is easier to price into.
Who may face pressure
- Late buyers: The Express Tribune said analysts expected profit-taking could emerge at higher levels.
- Fuel-heavy businesses: Brent at $114 keeps their costs high.
- Borrowers: the 12% policy rate is unchanged by the equity rally.
What to watch
- Friday, 30 October: whether the index holds above 166,420, its 16 October close.
- Sunday, 1 November: the OPEC+ meeting on December output.
- Early November: October CPI inflation data from the PBS.
- December: the next US Federal Reserve decision.
Sources
- Business Recorder, PSX: positive momentum continues, KSE-100 accumulates over 1,400 points, 29 Oct 2026
- The Express Tribune, KSE-100 index gains 1,136 points in intraday trading amid sustained buying interest, 29 Oct 2026
- Business Recorder, Rupee extends gain against US dollar, 29 Oct 2026
- Business Recorder, PSX: KSE-100 Index closes marginally higher after range-bound trading, 16 Oct 2026
- Dawn, Equities extend rally on peace optimism, 28 Oct 2026
This is analysis, not investment advice. Figures are as of 29 October 2026.
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