Overview
- The KSE-100 jumped about 2,238 points on the first trading day after Eid, which on Friday, May 29, 2026, closed the index near 173,963 as investors reacted to reports of a 60-day US–Iran ceasefire extension and softer global oil prices.
- The weekly performance was strong, with the index up roughly 6,118 points for the shortened holiday week and an intraday high of 174,106 and a weekly low near 170,161.
- Trading activity surged, with roughly 555 million shares changing hands and turnover around Rs40.9 billion, pushing market capitalisation to about Rs19.166 trillion.
- Corporate news helped lift heavyweights, most notably Fauji Fertilizer Company after a reported $1.1 billion front-end engineering deal with China’s Hualu for a CPEC-linked project, which drove notable gains in the fertiliser and cement sectors.
- Despite broad-based buying across nearly 300 advancing stocks, foreign investors were net sellers of about Rs433.6 million and analysts warned that high inflation, sensitive external flows and the provisional nature of ceasefire talks leave the rally vulnerable to quick reversals.