PSX jumps over 4,500 points on easing Iran war fears, rising remittances

The KSE-100 was up 4,539.61 points, or 2.61%, at 178,426.29 by noon on Tuesday, after rising more than 3,000 points soon after trading began. Profit by Pakistan Today attributed the rally to reduced concern over further US military action against Iran and stronger remittance data.

US President Donald Trump said military action against Iran was not needed at this stage, easing some market concern about disruption to Middle East energy supplies. State Bank of Pakistan figures showed October 2026 workers’ remittances grew 13.8% year on year to $3.892 billion.

Buying extended across sectors including commercial banks, cement, fertiliser, automobile assemblers, oil and gas exploration, and power generation. The move followed a 7,477-point, or 4.5%, KSE-100 gain in the preceding week; Asian shares also rose as oil prices declined.