KSE-100 falls 0.47% to 166,409 at close; refineries lag

KSE-100 falls 0.47% to 166,409 at close; refineries and fertiliser lag

Benchmark closed down 784.19 points as gains in Pakistan Oilfields and Meezan Bank were outweighed by steep losses in refineries and a fertiliser stock. Gold and Brent slid; rupee was flat.

TFD Markets Desk

Published Oct 30, 2026 · 18:27 PKT · Updated Nov 7, 17:16 · 2 min read

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Market close

The KSE-100 index closed at 166,409.25, down 784.19 points or -0.47% from the previous close of 167,193.44. The session ended with mixed stock-level action: Pakistan Oilfields Limited and Meezan Bank were among the day's leaders while several refiners and a major fertiliser company posted notable declines. The watchlist comprised 32 names.

What moved the market

No single external trigger or news story explained the market move. Internally, gains in a few heavyweight counters were insufficient to offset losses concentrated in refinery and fertiliser names. Among notable movers, POL (Pakistan Oilfields Limited) rose to 667.04 (+1.58%), and MEBL (Meezan Bank Limited.) gained to 528.61 (+0.48%). By contrast, NRL (National Refinery Limited) led declines at 555.44 (-3.53%), followed by FATIMA (Fatima Fertilizer Co. Ltd.) at 134.56 (-3.15%), KEL (K-Electric Ltd.) at 5.79 (-2.85%) and ATRL (Attock Refinery Ltd) at 1,088.78 (-2.83%).

Rupee, gold and oil

Foreign exchange and commodities moved unevenly. The US dollar was unchanged in the reported level at 276.6 PKR. Gold fell sharply: Gold per 10 grams was reported at 351,639 PKR, down -7,496 (‑2.09%). Global crude also retreated; Brent crude was at 112.9 USD per barrel, down -2.91 USD (‑2.51%).

Economy watch

Key official price and policy settings reported earlier in the week remained in focus. The State Bank of Pakistan's policy rate stood at 12% as of Wednesday, the SBP reported. Retail fuel prices published by the Government showed petrol at Rs376.06 per litre and diesel (HSD) at Rs398.07 per litre as of Wednesday.

What to watch

Any further moves in commodity markets — particularly Brent crude and gold — after today’s falls, and their spill‑over to energy and refining names on the bourse.
Foreign exchange stability around the reported 276.6 level for the US dollar and any FX flows that could affect market sentiment.
The policy backdrop: the existing State Bank policy rate of 12% and any commentary from official sources that could alter interest‑rate expectations.
Individual earnings or corporate announcements from major movers on the watchlist of 32 stocks that could drive sectoral trends.

This brief is market commentary for information only and is not investment advice. Figures as at the close of Friday, 30 October 2026.

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