KSE-100 edges up to 166,564 as cement stocks lift market

KSE-100 edges up to 166,564 as cement stocks lift the market

The KSE-100 closed at 166,564.07, up 154.81 points (0.09%). Cement and fertiliser sectors outperformed while refinery names recorded steep declines.

TFD Markets Desk

Published Nov 2, 2026 · 16:31 PKT · Updated Nov 7, 17:17 · 2 min read

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Market close

The KSE-100 closed at 166,564.07, a rise of 154.81 points or 0.09% from the previous close of 166,409.25. The gain was marginal, leaving the index effectively range-bound at the session high.

Notable individual moves included MARI (Mari Energies) up 3.15%, FCCL (Fauji Cement) up 2.93% and DGKC (D.G. Khan Cement) up 2.36%NRL (National Refinery) and ATRL (Attock Refinery) each fell 10%, while AIRLINK was down 3.42% and KEL (K-Electric) slipped 2.59%. The TFD watchlist covered 32 names.

This week so far

So far this week the KSE-100 is higher by 154.81 points (0.09%). Reported week ranges show the index at a week high and week low of 166,564.07, reflecting that only the current session is recorded in the weekly series.

Sector leadership this week is concentrated in construction-related names. The strongest sectors are Cement (average +1.99%), Fertilizer (+1.14%) and Pharmaceuticals (+0.57%). The weakest sectors are Refinery (average -10%), Cable & Electrical (-1.61%) and Technology (-1.43%).

This month

For the month to date the KSE-100 is up 154.81 points or 0.09%. The month high stands at 166,564.07 and the month low at 166,409.25, placing the index close to its monthly high.

What moved the market

There was no single news story identified in TFD’s feeds to explain the modest advance; no specific market-moving item was filed in the news data provided. Sector performance offers the clearest explanation visible in the market data: gains were concentrated in cement and fertiliser names, while the refinery sector registered large declines. The refinery weakness is concentrated in two large listed falls — NRL and ATRL, each down 10% — which is reflected in the sector’s average drop of 10%.

Volume and trade-by-trade details were not provided and therefore could not be used to confirm whether flows supported the price moves.

Rupee, gold and oil

The US dollar was quoted at Rs276.73, a change of Rs0.08 (0.03%). Gold traded at Rs348,040 per 10 grams, down Rs12,438 (-3.45%). Brent crude fell to USD108.35 per barrel, down USD6.97 (-6.04%).

The decline in Brent is the most notable macro swing in the session and, on its face, is a supportive development for Pakistan’s import bill and external accounts; the local market reaction, however, was limited.

Economy watch

The State Bank’s policy rate remains at 12% following its action on 28 October. Fuel price settings published on 28 October show petrol at Rs376.06 per litre and diesel (HSD) at Rs398.07 per litre. These standing levels are the most relevant policy-price anchors available in the session data.

What investors should watch

With no single news catalyst in the data, investors monitoring near-term direction will watch three observable inputs from today’s facts: moves in Brent crude, the US dollar–PKR rate and further sector developments in Refinery and Cement. The large listed declines in refinery stocks will be particularly important to follow for any company-specific announcements or sector updates. Changes to the SBP policy rate or new fuel-price notifications would also alter the macro backdrop but are not reflected in today’s dataset.

This brief is market commentary for information only and is not investment advice. Figures as at the close of Monday, 2 November 2026.

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