KSE-100 Rallies 2.3% Weekly to 177,874 as Oil Prices Ease

The benchmark index gains 3,987 points as softer international oil prices, strong remittances and positive external financing developments support investor sentiment.

The Pakistan Stock Exchange (PSX) extended its gains during the week, with the benchmark KSE-100 Index rising 3,987 points, or 2.3%, to close at 177,874, according to a weekly market review by JS Research.

Easing international oil prices, strong workers’ remittances and positive developments on the external financing front supported market sentiment. However, crude oil prices rebounded towards the end of the week.

Trading activity also improved. Average daily trading volume increased 27% week-on-week to 1.083 billion shares, while average traded value rose 36% to US$140 million.

International oil prices remained a key factor influencing investor sentiment. Brent crude averaged around US$94 per barrel during the week, down 6.2% from the previous week’s average of approximately US$100. It closed the week near US$96 per barrel after recovering on Thursday.

The decline in global oil prices also supported domestic fuel price reductions. Petrol prices fell by Rs20.59 per litre to Rs332, while high-speed diesel (HSD) prices declined by Rs22.25 per litre to Rs360.

On the external account, Pakistan’s workers’ remittances provided further support. The country received US$3.9 billion in October 2026, marking a 13.8% increase compared with the same month last year.

Meanwhile, the State Bank of Pakistan’s foreign exchange reserves remained broadly stable at around US$21.5 billion.

External financing developments also remained in focus as the Asian Development Bank (ADB) approved a second US$500 million tranche for disaster resilience. The funding is expected to support Pakistan’s efforts to strengthen its resilience against natural disasters.

On the legal front, the Federal Constitutional Court (FCC) dismissed review petitions challenging its judgment on the super tax, according to the research report.

Despite the improvement in market sentiment, energy costs remained a concern for industrial and agricultural consumers. The National Electric Power Regulatory Authority (NEPRA) notified an incremental electricity tariff of Rs25.30 per unit for these consumers, up from Rs22.98 per unit.

The weekly performance reflected improving investor sentiment amid lower oil prices and stronger external inflows, although higher energy costs and movements in international crude markets remained important factors for the domestic economy and equity market.