Pakistan's benchmark KSE-100 Index closed at 172,013.48 on Wednesday 4 November 2026, up 3,994.62 points, or 2.38%, from the previous session's close of 168,018.86, according to the Pakistan Stock Exchange's own Data Portal as reported by KhabarWire. The index crossed the 170,000 mark within the opening minutes and closed close to its intraday high.

The session in numbers

The index reached an intraday high of 172,286.99 and traded as low as 168,355.26 during the session. Volume in the index was 371,010,402 shares. Bloom Pakistan reports the same close and gain, and names UBL, FFC, HUBC, LUCK and NBP among the stocks leading the gains. The next scheduled session is Thursday 5 November, and the exchange has notified market participants that it will stay closed on Monday 9 November for Allama Iqbal Day, according to a circular cited by KhabarWire.

Why traders were buying

Reporting on the rally links the buying to expectations around US-Iran talks and to the outcome of the US midterm elections, alongside falling international oil prices. Those explanations describe market sentiment, not a confirmed cause: as KhabarWire notes, the US-Iran de-escalation that investors were pricing had not been agreed when trading ended, with Iran's conditions for reopening the Strait of Hormuz still unanswered. The rally also recovered ground lost in October, when the benchmark had fallen back, and it followed a 1,454.80-point gain on Tuesday to 168,018.87. Share prices can move in either direction, and this report is market news, not investment advice.

Sources: KhabarWire, KSE-100 jumps 3,995 points, closes above 172,000 on Iran hopes, 4 November 2026, citing the PSX Data Portal; Bloom Pakistan, KSE-100 Index jumps 2.38% to close above 172,000 at PSX, 4 November 2026; PKRevenue, KSE-100 jumps 3,995 points to close above 172,000, 4 November 2026.