PSX

KSE-100 jumps 5,449 points to 179,335 as cement stocks lead rally

Index closed up 5,448.56 points (3.13%) to 179,335.24, led by cement names; refineries lagged. No single TFD news item clearly explained the move.

TFD Markets Desk

Published Nov 10, 2026 · 16:32 PKT · Updated Nov 10, 20:04 · 2 min read

Quick read4 key points · 30 sec

KSE-100 closed at 179,335.24 on Tuesday 10 November 2026, up 5,448.56 points (3.13%) from 173,886.69, topping weekly and monthly ranges.
Cement led the rally with a weekly average gain of 7.24% and major winners FCCL +9.58%, MLCF +7.23%, DGKC +6.54% and LUCK +5.59%.
Refinery names underperformed, with sector average -5.01% and National Refinery (NRL) -6.65% and Attock Refinery (ATRL) -3.36%.
No single TFD news item explained the rally; watch whether cement momentum sustains, refinery follow-through, Brent and US dollar moves, and new policy or announcements.

Summary created with AI from this story. The full story follows below.

More quick reads

Opinion · 9 hours agoTransparency in tax policy who really pays price?5 key points

PIDE research finds Pakistan's General Sales Tax incidence is regressive, and the World Bank identifies adverse distributional effects of indirect taxation on household welfare.
An ordinary Pakistani pays direct and indirect taxes on essentials, so a Rs30,000 earner and a Rs10 million earner may pay the same sales tax on identical items.
The government should conduct a comprehensive review of indirect taxes, define a basket of necessities, consider a National Essential Consumption Relief Programme and publish beneficiaries.
Government should commission an independent living-wage assessment covering food, housing, utilities, education, transport, healthcare and adjust minimum wages periodically.
Under the Sales Tax Act registered drugs receive a reduced 1% rate under specified conditions; government should publish product-wise tax details and ensure essential medicines affordability.

Read the full story →

Pakistan · 9 hours agoKhalid Athar's podcast gains worldwide popularity as Mehtab Rashidi interview draws audiences awaiting final part5 key points

Khalid Athar's podcast is growing in popularity worldwide since its launch, earning praise for thoughtful conversations, professional style and engaging presentation.
A recent interview with anchor and educationist Mehtab Rashidi is planned in three parts, with the first two parts already released and widely shared.
Viewers described Rashidi's candid disclosures about her journey, challenges and career-shaping experiences as inspiring, especially for young people pursuing media or academia.
Observers said the interview stands out for depth and honesty, and Athar's calm, respectful style gave Rashidi room to speak freely.
Fans are eagerly awaiting the third and final part, which is expected to be released soon.

Read the full story →

Financial Flix · 9 hours agoNvidia, Jensen Huang and the Viral Espionage Claims: What Is Verified, What Is Disputed and What Investors Should Know5 key points

NVIDIA's board announced on November 8, 2026 it opened an independent investigation into reports that CEO Jensen Huang had been targeted by a foreign intelligence effort.
On November 8, 2026 Huang acknowledged being unfaithful to his wife, apologised to family and colleagues, and said he would cooperate with the review.
The board said independent directors and outside legal counsel would oversee the inquiry and that it had no reason to believe Nvidia secrets were compromised.
At his November 9, 2026 press conference Chinese Foreign Ministry spokesperson Guo Jiakun rejected the Chinese-spy allegation as unsubstantiated and said it aimed to smear China.
The supplied screenshots and AI-generated reconstructions do not establish who attended events, any romantic relationship, an intelligence link or a transfer of sensitive corporate information.

Read the full story →

Views & Opinions · 11 hours agoHow government provide employment oppourtunities for youth5 key points

Pakistan Bureau of Statistics says approximately 60 percent of Pakistan's population is below 30 years, yet many young people remain unemployed, including master's and MPhil graduates.
Universities focus on rote learning and neglect practical skills like MS Word, Excel and PowerPoint, leaving graduates without market-ready skills and often weak CGPAs.
Pakistan lacked institution-building for the past 50 to 60 years, and political instability means government projects are dismissed within two to three years, hindering job creation.
Author recommends government monitor universities, create training institutions to teach AI tools, Python, MS Word and Excel, and provide market exposure and scholarships abroad.
In the past two weeks, 15 newborn babies died in a PIMS hospital fire incident.

Read the full story →

Market close

The KSE-100 closed at 179,335.24, up 5,448.56 points or 3.13% from the previous close of 173,886.69. The one-day gain was broad enough to put the index at the top of its weekly and monthly ranges.

This week so far

So far this week the KSE-100 has risen 5,448.56 points or 3.13%, moving from a weekly low of 173,886.69 to a weekly high of 179,335.24. The market's upward momentum this week was concentrated in a few sectors rather than across-the-board participation.

Strongest sectors: Cement (+7.24% average), Pharmaceuticals (+5.35%) and Commercial Banks (+3.83%).
Weakest sectors: Refinery (‑5.01% average), Oil & Gas Exploration (+2.09%) and Technology (+2.26%).

This month

On a month-to-date basis the KSE-100 is up 12,925.99 points or 7.77%. The index has made a monthly high at 179,335.24 and a monthly low at 166,409.25, leaving today's close near the upper end of the month’s range.

What moved the market

No single trigger in the day's TFD coverage explained the rally. The Financial Daily's headlines during the session covered culture, commentary and international politics — for example Khalid Athar's podcast gains worldwide popularity as Mehtab Rashidi interview draws audiences awaiting final part, Field Marshal Asim Munir: From soldier to statesman, Dr Pirzada Qasim Honoured at Special Literary Session at Karachi Press Club and Xi Jinping's visionary leadership steers China towards a new era of modernisation and national rejuvenation — none of which directly address market catalysts.

Market internals point to a sector-led advance: Cement names dominated the winners list, with Fauji Cement Co. Ltd. (FCCL) up 9.58%, Maple Leaf Cement Factory Ltd (MLCF) up 7.23%, D.G. Khan Cement Co. Ltd. (DGKC) up 6.54% and Lucky Cement Ltd. (LUCK) up 5.59%. That sector-level strength matches the Cement sector’s weekly average gain of 7.24%.

On the downside, the Refinery sector underperformed. National Refinery Limited (NRL) fell 6.65% and Attock Refinery Ltd (ATRL) dropped 3.36%, consistent with Refinery's weekly average decline of 5.01%.

Rupee, gold and oil

US dollar in PKR: Rs276.54, a rise of 0.06 (0.02%).
Gold (per 10 grams): Rs362,993, down Rs2,747 (‑0.75%).
Brent crude: $91.16 per barrel, down $1.41 (‑1.52%).

Economy watch

The State Bank of Pakistan policy rate stands at 12% (as of 28 October). Fuel prices published by the government show petrol at Rs376.06 per litre and diesel (HSD) at Rs398.07 per litre (both as of 28 October). These policy and price levels form the backdrop for corporate margins, consumer demand and inflation expectations discussed by market participants.

What investors should watch

Whether Cement sector momentum sustains after a concentrated run — today's gains left the sector at the top of the weekly leaderboard.
Refinery names and any follow-through after sharp declines in National Refinery and Attock Refinery.
Movements in Brent crude and the US dollar — Brent fell today and the rupee was largely unchanged; both can influence energy-sector earnings and import bills.
Any new TFD coverage or official announcements on policy or macro indicators that could provide a clearer catalyst; the day's headlines did not offer a direct market driver.

Note: the exchange watchlist contained 32 stocks referenced in today's movers data.

This brief is market commentary for information only and is not investment advice. Figures as at the close of Tuesday, 10 November 2026.

More quick reads

Market close

This week so far

This month

What moved the market

Rupee, gold and oil

Economy watch

What investors should watch

Related topics

Read next

Cement, fertiliser and banks power KSE-100; oil plunges, rupee steady

KSE-100 falls 0.71% to close at 174,140; weekly gains remain intact

KSE-100 up 1.96% to 175,380 as cement stocks drive weekly gains

KSE-100 rises 2.38% to 172,013 as banks, cement and fertiliser lead gains

KSE-100 up 1,455 points to 168,019 as fertilizer and cement lead gains

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