The PSX market today moved sharply higher on Tuesday, with the benchmark KSE-100 index rising by more than 4,500 points as investors became less worried that the United States might widen its military action against Iran. Remittances sent home by overseas Pakistanis also rose, adding to the mood in the market.
By noon the index was trading at about 178,426 points, a gain of 4,539.61 points, or 2.61%, over the previous close. Its intraday peak reached 178,429 points. Buying was broad, with commercial banks, cement, automobiles, fertiliser, oil and gas exploration, technology and power generation all drawing purchases.
Easing tensions and lower oil prices
US President Donald Trump signalled that additional military steps against Iran were unnecessary for the moment. Investors read this as a sign that energy supplies from the Middle East were less likely to be disrupted, which eased one of the main worries. Better moods in global equity markets also gave investors more confidence.
Oil prices moved lower as tensions eased. The benchmark Brent crude slid 0.75% to $91.88 a barrel, while the West Texas Intermediate (WTI) grade, a US benchmark, fell 0.90% to $86.07. Pakistan relies on imported oil, so cheaper crude can ease the country's fuel import bill, although how far that reaches local fuel rates depends on later domestic pricing decisions.
Remittances and last week's gains
State Bank of Pakistan data showed that workers' remittances rose 13.8% year on year to $3.892 billion in October 2026. The State Bank is the country's central bank, and the figure boosted hopes for the external position, which reflects the flow of foreign currency into the country.
The rally follows a strong previous week. The index had already added 7,477 points, equal to 4.5%, and closed Friday at 173,887 points. Average daily trading in that week came to 1.021 billion shares.
Markets elsewhere also rose. South Korea's KOSPI gained 4%, Japan's Nikkei added 2.5%, and the S&P 500 in New York climbed 2.35% on Monday. Whether the rally holds will depend on whether tensions stay calm and oil prices remain lower, and both can shift quickly.
Aasan alfaaz mein
Mangal ke roz PSX mein KSE-100 index 4,500 points se zyada barh gaya, kyunki America ke Iran ke khilaf mazeed fauji kaarwai ke khatre kam hue aur overseas Pakistanis ki remittances barh gayi. Aalmi tel ki qeemat kam hone se import bill par dabao kam ho sakta hai, lekin petrol ki qeemat par asar abhi wazeh nahi. Agar tension kam rahe to market mein sthirta aa sakti hai. Aam shehri ke liye yeh khabar fori tor par kharche nahi badalti, is liye taaza khabron par nazar rakhein.
