Overview
- The KSE‑100 rose about 3,366 points to close near 175,380 on Thursday, peaking around 176,605 during a session with roughly 1.0 billion shares traded and Rs46 billion in value.
- Lower international oil prices and improved global risk appetite after the US midterm elections were cited by brokers as the main triggers for broad‑based buying across key sectors.
- A small group of large caps including UBL, Lucky Cement, Meezan Bank, Systems Ltd. and Engro supplied most of the advance while market breadth and turnover expanded.
- National Clearing Company data showed foreign investors were net sellers of about Rs1.2 billion, and the rally quickly met profit‑taking the next session when the index fell nearly 1,500 points intraday.
- Official indicators show limited comfort for the rally because SBP reserves rose only $39 million to $21.56 billion while the World Bank reports external debt at $135.1 billion, a mix that keeps the market highly sensitive to global shocks and flows.