Heavyweight Banking and Fertilizer Stocks Drive Pakistani Benchmark Beyond 165,000 Points

Karachi, October 28, 2026: The KSE-100 index extended its recent recovery on the Pakistan Stock Exchange, gaining 1,269 points (+0.77%) to close at 165,736. The benchmark maintained a firm trajectory throughout the session, reaching an intraday high of 1,633 points while downside movements remained strictly capped at 111 points, reflecting robust buying interest.

Bullish momentum was largely fuelled by better-than-expected corporate financial results, which significantly lifted market sentiment and bolstered investor confidence regarding the broader earnings outlook. The encouraging corporate developments provided fresh impetus, encouraging market participants to build positions in fundamentally sound equities.

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Major market heavyweights led the upward drive. Fauji Fertilizer Company (FFC), National Bank of Pakistan (NBP), The Hub Power Company (HUBC), MCB Bank, and Bank Alfalah (BAFL) served as the primary growth drivers, collectively adding roughly 833 points to the benchmark index.

Overall trading activity strengthened alongside the price action. Regular-market trading volumes rose to approximately 578 million shares, with total turnover value reaching nearly PKR 26.2 billion. WorldCall Telecom / Pervez Ahmed Securities Limited (PASL) topped the liquidity chart, recording turnover of 58 million shares during the session.

With corporate results continuing to surpass expectations, market analysts anticipate sustained interest across key financial, energy, and fertilizer sectors over the coming trading sessions.