The benchmark KSE-100 Index surged 7,477 points, or 4.5 per cent, in the first week of November to close at 173,887 points on Friday, November 6, 2026, marking the Pakistan Stock Exchange’s strongest weekly rally in nearly six months.
What happened?
The market recovered strongly after October’s bearish spell, as falling international oil prices, easing inflation and hopes of reduced geopolitical tensions lifted investor sentiment. The index rose from 166,409 points at the close of the previous week, according to brokerage house Arif Habib Ltd.
Key details
- The KSE-100 closed at 173,887 points on Friday, November 6, up 7,477 points (4.5 per cent) from 166,409 the previous week.
- Brent crude oil fell 15.9 per cent during the week to $98.8 per barrel, following diplomatic efforts to ease tensions in the Middle East and the outcome of the US midterm elections.
- Average daily trading volume rose 43 per cent week-on-week to 856 million shares, while average traded value increased 24 per cent to $103 million.
- Banking stocks contributed the most to the advance, adding 2,659 points, followed by cement with 1,266 points and fertiliser with 988 points.
- Among individual stocks, Fauji Fertiliser Company added 613 points, Lucky Cement 564 points, Engro Holdings 519 points, United Bank 491 points and Meezan Bank 480 points.
- Inflation, measured by the Consumer Price Index, slowed to 9.61 per cent year-on-year in October, down from 10.26 per cent in September.
- The State Bank of Pakistan’s foreign exchange reserves rose by $40 million week-on-week to $21.6 billion as of October 30, while the rupee edged up 0.03 per cent to Rs276.66 per dollar.
- Pakistan’s trade deficit widened to $3.9 billion in October, with exports up 2.8 per cent year-on-year to $2.9 billion and imports up 11.8 per cent to $6.8 billion.
- Analysts expect market sentiment to remain linked to progress in Middle East diplomacy and international oil prices, with an MSCI review due on November 11.
What it means for people in Pakistan
For savers and small investors, a strong week at the stock exchange reflects growing confidence in listed companies and the wider economy, and it can lift the value of pension funds and mutual funds linked to shares. Share prices can fall as well as rise, however, so a weekly rally is a snapshot of the moment rather than a guarantee of future gains. For businesses, a stronger market can make it easier to raise funds for expansion, which in turn can support jobs and growth.
