Wednesday took the KSE-100 on a round trip. The benchmark opened soft, slid to 178,642.36, then climbed past 180,000 to a high of 180,769.21, before late selling gave the gains back. The index closed at 179,083.80, a fall of 251.44 points (0.14%) from Tuesday's 179,335.24, per Business Recorder. Gold fell for a second straight day. The sarafa association cut 24-karat gold Rs 3,400 to Rs 427,436 a tola. The rupee closed three paisa firmer at Rs 276.62 per dollar in interbank trading.
How the session unfolded
- Early trade: selling dragged the index toward its 178,642.36 low on reports of attacks on vessels near the Strait of Hormuz, per Business Recorder.
- Morning: buying carried the benchmark back above 180,000; by 1:30pm PKT it stood at 180,148.80, up 813.56 points.
- Afternoon: the climb reached 180,769.21.
- Final hour: the index slipped toward 178,800, then steadied to close at 179,083.80.
Gold falls a second day
The sarafa association cut 24-karat gold Rs 3,400 to Rs 427,436 a tola, per Business Recorder, and 10 grams now cost Rs 366,457 after a Rs 2,915 cut, per Daily Pakistan. World gold fell $34 to $4,049 an ounce, per Business Recorder, while silver rose Rs 45 to Rs 5,768 a tola. Two days of cuts total Rs 4,900 from Monday's Rs 432,336 (MarketRadar calculation), leaving the metal Rs 1,700 below Friday's Rs 429,136. gold.pk, on its own quote basis, listed Karachi at Rs 425,000 bid and Rs 426,000 ask per tola; Lahore Rs 425,050 and Rs 426,050; Islamabad Rs 425,100 and Rs 426,100; Peshawar Rs 425,150 and Rs 426,150; Quetta Rs 425,200 and Rs 426,200. Karachi's bid sits Rs 2,436 below the association rate (MarketRadar calculation).
Rupee edges up; cash dollar higher
The rupee closed at Rs 276.62 per dollar in interbank trading, three paisa firmer than Tuesday's Rs 276.65, per Business Recorder. The National Bank of Pakistan board quoted the dollar at Rs 276.55 buying and Rs 277.05 selling, per Mettis Global. In the open market, cash buying stood at Rs 277.40 and selling at Rs 279.85, per Daily Pakistan and Pakistan Observer, a Rs 3.23 gap to the interbank close. Open-market selling rose 35 paisa from Tuesday's Rs 279.50, per Forex Association of Pakistan figures in The Nation.
Why it matters
Tuesday's 5,448.56-point jump had carried the index back above 175,000 for the first time since September 1, and Wednesday kept nearly all of it. The week still shows a 5,197.12-point gain (2.99%) on Friday's close and the month a 12,674.55-point rise (7.62%), per The Financial Daily. Topline Securities put the session down to steady sentiment, per Business Recorder: high domestic liquidity against oil-supply worries and Middle East tensions. October remittances of $3.89 billion and cheaper oil after Brent crude slipped below $90 still sit behind the week's buying, per Mettis Global and Business Recorder. October US consumer prices ran hot, with core inflation at 0.3% for the month against a 0.2% forecast, per Business Recorder. A 25-basis-point December hike from the Federal Reserve is fully priced, with a 14% chance of a 50-basis-point move (as of November 11, 2026), per FXStreet and Deutsche Bank. The dollar held firm: the dollar index held 102.29 as markets priced the hike.
Key points
- KSE-100 closed Wednesday, November 11, at 179,083.80, a fall of 251.44 points (0.14%) from Tuesday's 179,335.24; day high 180,769.21; day low 178,642.36.
- Ready-market volume 1,248.21 million shares; value Rs 41.81 billion; breadth 255 up, 215 down, 28 flat; market capitalisation Rs 19.376 trillion.
- Week so far: up 5,197.12 points (2.99%) on Friday's close; month: up 12,674.55 points (7.62%).
- 24K gold (APGJSA): Rs 427,436 a tola, down Rs 3,400; 10 grams Rs 366,457, down Rs 2,915; world gold $4,049, down $34; silver Rs 5,768, up Rs 45.
- City gold bids (gold.pk): Karachi Rs 425,000, Lahore Rs 425,050, Islamabad Rs 425,100, Peshawar Rs 425,150, Quetta Rs 425,200 per tola.
- Interbank rupee Rs 276.62, three paisa firmer than Rs 276.65; NBP board 276.55 buying, 277.05 selling; open market 277.40 buying, 279.85 selling.
MarketRadar take
Wednesday read as a pause after Tuesday's surge, not a turn in the week. The index kept most of the week's 5,197-point gain, held above 179,000, and traded 1,248.21 million shares.
Gold's two-day slide of Rs 4,900 from Monday's Rs 432,336 now puts the metal below its Friday level. The rupee's small interbank gain sits beside a cash dollar selling 35 paisa higher than Tuesday. Thursday's open will show whether buyers defend 179,000, and the MSCI review outcome is the other number to watch. The full set of Pakistan figures lives on the Pakistan hub.
