The KSE-100 index experienced a strong rally on Friday, January 16, 2026, when it surged by 3,642.50 points (2.01%) to close at 185,098.83 points amid reports of de-escalation between the US and Iran. A subsequent jump was also seen on Monday, January 19, 2026, where the index gained 2,662.86 points to reach a new all-time high of 187,761.69 points.
Key Contributors 🌟
The rally on January 19, 2026 was broad-based, with key contributors to the index gains including:
Engro Holdings (ENGROH)
United Bank Limited (UBL)
Hub Power Company (HUBC)
Fauji Fertilizer Company (FFC)
Meezan Bank (MEBL)
These index heavyweights, particularly in the commercial banking, investment banking, and power sectors, were the primary drivers of the market's upward movement, supported by broader market sentiment and expectations of potential interest rate cuts by the State Bank of Pakistan.
Recent Trends 📊
Historic Highs: The KSE-100 index has experienced a historic rally in January 2026, reaching multiple all-time highs.
Investor Sentiment: Investor confidence has been strong, driven by domestic factors like ongoing economic reforms, strong institutional buying, and expectations of a more accommodative monetary policy.
US-Iran De-escalation: Reports of easing tensions between the US and Iran on January 16, 2026, were a key catalyst for one of the largest single-day point gains in the index's history.
Market Activity: Trading volumes have been high, with particular interest in previously underperforming sectors such as cement, steel, and pharmaceuticals.
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