PSX Surges 2,106 Points To 178,200: Broad-Based Rally Sweeps Banks Cement Fertiliser Energy And Power As Brent Crude Drops To $83. July Inflation Also Falls To 9.2% From 11.1%
According to The Express Tribune, Pakistan’s KSE-100 index surged 2,105.91 points, or 1.20 percent, to close at 178,200.02 on August 3, 2026; reversing the previous session’s losses, as a sharp decline in global crude oil prices lifted investor sentiment across all major sectors.
The market opened strongly, peaking at 178,985.95 intraday, before closing near session highs. Buying was broad-based: 305 of 493 traded stocks closed higher, with commercial banks, investment banks, cement, fertiliser, oil and gas exploration and power generation companies leading the advance. Fauji Fertiliser, Meezan Bank, Lucky Cement, Pakistan Petroleum and Engro Holdings were the largest index contributors.
The rally was triggered by a fall of more than $4 per barrel in international crude with Brent dropping approximately 4.5 percent to around $83 after President Trump called off fresh strikes on Iran in favour of diplomacy and Iranian Foreign Minister Araghchi confirmed Hormuz talks with Oman were in their “final stages.” Trading volume reached 785.3 million shares worth Rs33.1 billion.
Separately, the Pakistan Bureau of Statistics reported July headline inflation dropped to 9.2 percent from 11.1 percent the previous month, adding a domestic tailwind to the external boost.
A ceasefire signal from Washington. A falling oil price. Declining inflation. The market priced all three in on the same Monday.
Check out our previous coverage of Pakistan’s economy on The Trusted Times.
