Market close

The KSE-100 closed at 168,018.87, up 1,454.8 points or 0.87% from the previous close of 166,564.07. The index ended the day at the session high and finished above the week and month low values reported so far.

  • Top gainers: Engro Fertilizers Ltd. (EFERT) rose 2.4% to 201.7, Engro Holdings (ENGROH) gained 1.74% to 264.88, Fatima Fertilizer (FATIMA) added 1.62% to 138.17, D.G. Khan Cement (DGKC) climbed 1.46% to 185.03.
  • Top losers: National Refinery (NRL) fell 4.19% to 478.94, Searle (SEARL) was down 0.92% to 73.51, Air Link Communication (AIRLINK) lost 0.88% to 107.58, TRG Pakistan (TRG) slipped 0.77% to 51.47.
  • The TFD watchlist included 32 names today.

This week so far

The KSE-100 is up 1,609.62 points or 0.97% so far this week. The index recorded a week high of 168,018.87 and a week low of 166,564.07, putting today's close at the top of the week's trading range.

  • Strongest sectors: Cement (+3.28% average) and Fertilizer (+2.94% average) led gains; Oil & Gas Exploration was up 0.41% on average.
  • Weakest sectors: Refinery was weakest, down 11.91% on average, followed by Technology (-1.64%) and Cable & Electrical (-1.30%).

This month

Year-to-date month figures show the KSE-100 up 1,609.62 points or 0.97% for the month, with a month high of 168,018.87 and a month low of 166,409.25. The index is trading at the month's high.

What moved the market

No single trigger was evident to explain today’s rise. Market breadth was supported by gains in cement and fertiliser stocks, consistent with the week’s sector performance, but there was no clear news item tying those moves to the broader market rally.

TFD ran a commentary titled The Strategic Crossroads, an opinion piece by Shahzad Arif on technology policy, IT exports and Pakistan's digital economy; that article did not provide a clear, market‑moving link to today’s index movement.

Rupee, gold and oil

  • US dollar in PKR: 276.69, up 0.06 (0.02%).
  • Gold per 10 grams: 348,202 PKR, down 10,426 (‑2.91%).
  • Brent crude: 106.43 USD per barrel, down 8.45 (‑7.36%).

Economy watch

  • SBP policy rate: 12% (State Bank of Pakistan; as of the central bank release dated 28 October).
  • Petrol price: Rs376.06 per litre (government notification as of 28 October).
  • Diesel (HSD) price: Rs398.07 per litre (government notification as of 28 October).

What investors should watch

  • Whether cement and fertiliser strength persists given they have been the week's best performers, and whether that leadership broadens across other sectors.
  • The sharp weekly weakness in Refinery (-11.91% on average) — any company‑specific news or earnings updates could influence sentiment in energy-linked names.
  • Commodity moves: Brent crude is trading lower and gold has seen a significant drop; investors will likely monitor whether those swings feed through to energy and precious‑metals names on the market watchlist of 32 stocks.
  • FX stability: the US dollar was little changed at 276.69, a factor for corporates with FX exposures. Volume data were not provided, so confirmation of the rally by turnover cannot be assessed from today's data.

This brief is market commentary for information only and is not investment advice. Figures as at the close of Tuesday, 3 November 2026.