The Pakistan Stock Exchange (PSX) witnessed a strong rally on Tuesday as the benchmark KSE-100 index surged by more than 4,500 points amid easing concerns over a possible US military escalation against Iran and rising workers’ remittances. Improved global market sentiment also supported investor confidence.
The KSE-100 index touched an intraday high of 178,429 points and was trading at 178,426.29 points by noon, gaining 4,539.61 points or 2.61% compared with the previous close. Buying activity remained strong across major sectors, including commercial banks, cement, automobiles, fertiliser, oil and gas exploration, technology, and power generation.
Investor sentiment improved after US President Donald Trump indicated that further military action against Iran was not necessary at this stage, easing concerns about potential disruptions to Middle Eastern energy supplies. Lower international oil prices and positive developments in global equity markets also supported the rally.
Adding to the optimism, State Bank of Pakistan data showed that workers’ remittances increased 13.8% year-on-year to $3.892 billion in October 2026, strengthening expectations about the country’s external financial position.
The latest gains followed a strong performance last week, when the KSE-100 index increased by 7,477 points, or 4.5%, to close at 173,887 points on Friday. Average daily trading volume during the week reached 1.021 billion shares.
International markets also recorded gains on Tuesday. South Korea’s KOSPI rose 4%, Japan’s Nikkei gained 2.5%, while MSCI’s Asia-Pacific index excluding Japan advanced 1.5%. On Wall Street, the S&P 500 surged 2.35% on Monday, while the Nasdaq gained 2.7%.
Meanwhile, global oil prices declined as geopolitical concerns eased. Brent crude fell 0.75% to $91.88 per barrel, while US West Texas Intermediate (WTI) dropped 0.90% to $86.07 per barrel.
