{
  "id": 18080098,
  "title": "PSX: rally continues, KSE-100 crosses 170,000 level",
  "url": "https://urgent.news/2026/11/04/psx-rally-continues-kse-100-crosses-170-000-level",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-04T06:28:12.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447354/psx-rally-continues-kse-100-crosses-170000-level"
  },
  "original_language": "en",
  "account": "The Pakistan Stock Exchange (PSX) witnessed a rally, with the KSE-100 Index crossing the 170,000 level during early trading hours on Wednesday. As investors awaited the US midterm election results and their potential impact on Middle East peace talks, the benchmark index saw an increase of over 2,200 points, or 1.32%, by 10:40am, reaching 170,235.50. According to Sana Tawfik, Head of Research at Arif Habib Limited, this buying interest mainly came from institutions, particularly mutual funds, driven by stabilization in oil prices around $103. Analysts noted that US geopolitical developments, including the ongoing US elections and the US-Iran talks, were positively influencing the market sentiment. Buying activity was observed across various sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration firms, OMCs, power generation, and refineries. Index-heavy stocks such as ARL, HUBCO, MARI, OGDC, PPL, POL, MCB, MEBL, NBP, and UBL also traded in the green. On Tuesday, the PSX rallied as lower oil prices and optimism surrounding potential US-Iran negotiations bolstered investor confidence, with the KSE-100 Index advancing by 1,454.80 points, or 0.87%, to close at 168,018.87 points. Meanwhile, US stock futures declined, Treasuries gained, and the dollar weakened as early Democratic Senate wins in North Carolina and Georgia fueled hopes of a Democratic majority in Congress.",
  "summary": "Buying continued at the Pakistan Stock Exchange (PSX) as investors awaited the results of the US midterm elections and their potential impact on peace talks in the Middle East, with the benchmark KSE-100 Index gaining over 2,200 points during the opening hours of trading on Wednesday. At 10:40am, the benchmark index was hovering at 170,235.50, up 2,216.64 points or 1.32%. “Buying has mainly come…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}