Overview
- The KSE-100 index jumped about 2,436–2,437 points, or 1.49%, to close near 166,243 on Monday.
- Defence Minister Khawaja Muhammad Asif confirmed an immediate Pakistan–Afghanistan ceasefire from Doha talks, with follow-up discussions scheduled for October 25 in Istanbul.
- The IMF confirmed a staff-level agreement covering the EFF second review and the RSF first review, with projections of 3.6% GDP growth and 6% inflation for FY26 cited by local reports.
- Banks led the advance, with gains in Habib Bank, United Bank, Bank of Punjab, National Bank of Pakistan, Askari Bank, Bank Alfalah and Meezan Bank; Oil and Gas Development Company also supported the move.
- Market breadth and activity were strong, with roughly 1.48 billion shares traded across 485 companies, turnover of about Rs51.9 billion, and top volumes in K-Electric and WorldCall Telecom; the SBP also reported a $110 million current account surplus for September.