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PSX Rally Drives KSE-100 Above 185,000 as Banks and Oil Stocks Lead

Lower oil prices plus easing Middle East tensions have lifted investor demand, leaving a wider FY26 trade deficit as a key external risk.

Overview

  • The KSE-100 rose about 851 points to finish near 185,372 on Friday, extending a weekly gain of roughly 3.2% and marking another session of record-setting momentum.
  • Selective buying in commercial banks and oil and gas heavyweights — led by UBL, OGDC, FFC, MARI and PPL — contributed around 611 points to the benchmark's advance.
  • Trading stayed robust with roughly 314–315 million KSE-100 shares exchanged and turnover reported between Rs31.7 billion and Rs42.6 billion, while market cap rose by about Rs132 billion for the session.
  • Foreign investors were net buyers, with reported inflows of about Rs441 million, yet official data showed Pakistan's FY2025-26 trade deficit widened to about $39.47 billion, keeping external-sector risks on investors' minds.
  • Analysts say the rally is supported by lower Brent crude and de-escalation in USIran tensions, and they flagged upcoming policy moves such as a finance-minister visit to Washington and plans to tap Eurobond markets as near-term factors to watch.