Pakistan’s benchmark KSE-100 Index surged to 178,606 points, gaining 2.80% from the previous session, according to the supplied market data. The index had advanced by more than 4,500 points by mid-session, reflecting strong buying at the Pakistan Stock Exchange. It has climbed 7.89% over the past month and gained 12.85% year over year, highlighting renewed momentum in Pakistan’s equity market.

Pakistan’s KSE-100 Index extended its rally, gaining 7,477 points, or 4.5% week-on-week, to close at 173,886. Average trading volume rose 43% to 856 million shares, while traded value increased 24% to US$103 million. Falling oil prices and domestic fuel price cuts eased some inflation and external account concerns. October CPI slowed to 9.6%, and SBP-held foreign exchange reserves increased to US$21.56 billion. Investors also tracked the IMF’s call to broaden Pakistan’s tax base, the government’s stated intention to abolish the super tax, rising public debt, and proposed energy tariff increases.

ABHI Microfinance Bank’s IPO book building closed at PKR 15.50 per share, with investor demand reaching 1.6 times the shares on offer. The offering raised PKR 2.05 billion, marking a significant milestone for Pakistan’s digital-first banking sector. ABHI says its model is designed to expand access to financial services for underbanked communities.