The KSE-100 weekly rally has delivered the Pakistan Stock Exchange’s strongest weekly performance in nearly six months. The benchmark KSE-100 gained 7,477 points, or 4.5 per cent, during the week ended 6 November 2026 to close at 173,886 points. It even reached 175,380 at Thursday’s close before a 1,493-point slide on Friday trimmed some of the gains. Trading in the shares of the benchmark company, however, remained robust, prompting many investors to consider how to invest in the Pakistan Stock Exchange at the end of a positive week.
The index had finished the previous week at 166,409 points. It climbed steadily through the week and closed higher on four of the five sessions, with strong gains on Tuesday and Wednesday. It also set an all-time closing high during the week. For the week as a whole, the index closed above its previous 10-day moving average for the first time since mid-September. Check the market data.
The KSE-100 weekly rally in numbers
Trading activity surged alongside the KSE-100 weekly rally. Average daily volume rose 43 per cent to 856 million shares, up from 598 million shares a week earlier. Foreign buying also helped, with overseas investors purchasing $8.6 million worth of shares during the week.
The benchmark now trades at a price-to-earnings ratio of 7.3, offering a dividend yield of 6.8 per cent. According to Pakistan Stock Exchange (PSX) in the past decade, the index has gained 72 per cent in the past 12 months.
Cheaper oil did the heavy lifting
The single biggest driver of the KSE-100 weekly rally was the oil market. Brent crude closed the week at about $98.50 a barrel, down from about $115.50 a barrel at the end of the previous week. The fall of nearly 15 per cent was the largest weekly drop since early 2020. JS Global says a 10 per cent fall in oil prices improves Pakistan’s current account by about $1.5 billion a year.
For Pakistan, which imports most of its oil, cheaper crude means a smaller import bill and less pressure on the rupee. The rupee was broadly steady during the week, closing at Rs281.75 to the dollar. Foreign exchange reserves held at the State Bank rose by $76 million to $14.6 billion.
Inflation eases and reserves edge higher
The economic backdrop also helped the KSE-100 weekly rally. Consumer price inflation eased to 9.6 per cent year-on-year in October, down from 9.9 per cent in September. The drop strengthens expectations that the State Bank will continue to cut interest rates.
The government raised Rs385.6 billion through securities auctions during the week, against a target of Rs360 billion. The cut-off yields on three-month, six-month and one-year bills were 10.89 per cent, 10.91 per cent and 10.94 per cent respectively. Analysts expect the central bank to cut its policy rate by 50 to 100 basis points at its next meeting, probably in December.
Friday’s wobble — and what to watch next
Friday’s fall was a reminder that the KSE-100 weekly rally is not a one-way street. After four sessions of strong gains, many investors chose to book profits ahead of the weekend. Still, the market recovered from its intraday low to close above 173,000, and the week’s trend remained positive.
What happens next is likely to depend on the same forces that drove the KSE-100 weekly rally. Market watchers will look to global oil prices, the rupee, and inflation data before deciding whether the momentum can carry into next week.
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