The KSE-100 Index extended its recovery on Wednesday, October 28, 2026, gaining 1,269.55 points, or 0.77 per cent, to close at 165,736.75, marking a second straight session of gains despite the State Bank of Pakistan’s recent 50-basis-point policy rate hike and heightened regional tensions.
What happened?
After early selling pressure, the market recovered in the afternoon and held its gains into the close. The benchmark had closed at 164,467.20 points in the previous session on Tuesday, when it rose 1,428.73 points, so Wednesday’s advance built directly on that recovery.
Key details
- The KSE-100 gained 1,269.55 points, or 0.77 per cent, to close at 165,736.75 on October 28, 2026.
- The index traded between an intraday high of 166,100.33 points and a low of 164,355.82 points.
- Ready-market volume reached 578.12 million shares, up from 401.97 million in the previous session, with traded value rising to Rs26.20 billion from Rs18.07 billion.
- Market capitalisation increased to Rs18.329 trillion from Rs18.214 trillion a day earlier.
- Of 496 companies traded, 269 advanced, 180 declined and 47 remained unchanged.
- The strongest index contributors were FFC (+338.39 points), NBP (+185.21) and HUBC (+158.19), while ENGROH (-86.63), MARI (-36.82) and SYS (-36.55) dragged the most.
- By sector, commercial banks (+536.03 points), fertiliser (+443.54) and automobile assemblers (+151.52) led the advance.
- The broader All-Share Index closed at 100,358.83, up 628.92 points or 0.63 per cent.
What it means for people in Pakistan
Two straight days of gains suggest the market is absorbing the higher 12 per cent policy rate without a sell-off, which matters for pension funds, mutual funds and anyone whose savings are linked to listed companies. The advance came even as oil prices rose more than 1 per cent on regional tensions, so the mood is confident rather than settled — a reminder that a single session’s rally does not remove the risks around energy costs and geopolitics.
Source: https://mettisglobal.news/PSX-Closing-Bell-Bulls-on-the-Loose-64601
