The benchmark KSE-100 Index surged 5,448.56 points, or 3.13 per cent, to close at 179,335.24 on Tuesday, 10 November, as strong remittance inflows and easing oil prices supported investor sentiment.

The index stayed in positive territory throughout the session, reaching an intraday high of 179,424.04 and a low of 176,273.72. The KSE-100 recorded a trading volume of 436.82 million shares, while market breadth remained firmly positive, with 90 companies advancing, nine declining and one closing unchanged.

Cement and banks lead the rally

Among the major gainers, Fauji Cement surged 9.58 per cent, Kohat Cement rose 9.03 per cent and Maple Leaf Cement gained 7.23 per cent. Sazgar Engineering advanced 6.88 per cent and PGLC increased 6.85 per cent.

On the losing side, Cnergyico fell 6.20 per cent and Attock Refinery declined 3.36 per cent. In terms of index-point contributions, United Bank led the gains with 630.22 points, followed by Lucky Cement with 378.08 points and Fauji Fertilizer with 348.98 points.

Sector-wise, commercial banks provided the strongest support, contributing 2,099.31 points, followed by cement with 979.48 points and oil and gas exploration companies with 582.15 points. The refinery sector weighed on the benchmark by 87.87 points.

Broad market follows

In the broader market, the All-Share Index closed at 107,010.16, gaining 2,816.27 points or 2.70 per cent. Total market volume reached 972.43 million shares, while traded value rose by Rs28.09 billion to Rs50.67 billion. A total of 543,049 trades were reported across 501 companies, with 363 advancing, 107 declining and 31 remaining unchanged.

Market capitalisation increased by Rs488 billion to Rs19,397 billion, according to market data.

Remittances and oil support sentiment

Investor sentiment also drew support from strong remittance inflows, with Pakistan receiving $3.89 billion in October 2026, up 8.5 per cent from $3.59 billion in September and 13.8 per cent from $3.42 billion in October 2025, according to the State Bank of Pakistan.

Meanwhile, oil prices slipped on Tuesday, extending the previous session’s decline, as easing concerns over further United States military action against Iran reduced fears of prolonged disruption to energy supplies from the Middle East.

The market had been shut on Monday for Allama Iqbal Day, and the rally came after the index closed the previous week at 173,886.69. Analysts say the future direction of the market will depend on the country’s economic indicators, investment trends, global oil prices and external financial developments.

Strong week builds momentum

The rally builds on a strong run the previous week, when the index gained 7,477.44 points, or 4.5 per cent, its strongest weekly performance in nearly six months, according to Business Recorder. With the index now closing just below 180,000, dealers are watching whether it can break and hold above that level in the coming sessions.