Pakistan's KSE-100 Jumps Over 1,700 Points on Record Remittances

Pakistan's KSE-100 index closed up nearly 1,700 to 1,900 points, about 1.1 percent, on Friday, July 10, 2026, Business Recorder reported. The rally, spread across autos, cement, banking, fertilizer and energy stocks, was driven mainly by record overseas Pakistani remittances of $41.6 billion for fiscal year 2026, up 8.6 percent year on year and exceeding Pakistan's total exports. A roughly 8 percent weekly drop in Arab Light crude and lower yields at the latest Pakistan Investment Bond auction also supported the gains. The jump marks a shift from Thursday's (July 9) reported relative stabilization to an active rally.