PSX Market Preview – April 10, 2026: KSE-100 Outlook After Historic Rally
KSE-100 Today – What to Expect
Key Levels
Value
- KSE-100 Close (April 9)
- Points Gained Yesterday
- Immediate Support
- Secondary Support
- Immediate Resistance
- Secondary Resistance
- 165,810
- ▲ +14,138 (+9.32%)
- 161,500 points
- 158,640 points
- Current levels – awaiting breakout confirmation
- 180,000 – 182,000 points
Yesterday's Historic Rally – Quick Recap
Following yesterday’s historic rally (read more here).The KSE-100 index gained over 12,000 points within minutes of trading on Wednesday. By 9:37 AM, the index had climbed to 164,035.83 – a gain of over 8.15 percent Mind blowing. this kind of pump is rarely seen in the history of PSX It was just insane.
The move was so sharp that the KSE-30 Index rose more than 5 percent, triggering a temporary trading halt in line with PSX regulations. Trading resumed at 10:42 AM, and the momentum didn’t stop.
By the end of the day, the KSE-100 closed at 165,810 points.
Why did this happen? The trigger was a two-week US-Iran ceasefire agreement, reportedly facilitated through Pakistan’s diplomatic efforts.Former US President Donald Trump, Prime Minister Shehbaz Sharif, and Field Marshal Asim Munir were all involved in the discussions.
What Experts Are Saying About Today's Outlook
Technical Analysis – THE-CHART-ALCHEMIST (TradingView)
The KSE-100 has decisively crossed the bullish trend resumption level at 162,000 points.This confirms a shift in short-term momentum.
Newly established support levels:
Immediate Support: 161,500 points
Secondary Support: 158,640 points
Resistance levels now:
- Immediate Resistance: Current levels (awaiting breakout confirmation)
Secondary Resistance: 180,000 – 182,000 points
Major / Final Resistance: 190,800 points
Important note from the analyst: Despite the bullish breakout, confirmation of a sustained uptrend is still pending. For validation, the index must form a higher low and follow through with a higher high
Until this structure is established, the move should be treated as an early-stage bullish resumption, not a fully confirmed trend reversal
Yesterday's Top Performers – What Will They Do Today?
Key Stocks That Led the Rally
Buying interest yesterday was seen across major sectors, including cement, banking, oil and gas exploration, oil marketing companies, and power generation
Stock
Sector
Yesterday's Performance
What to Watch Today
PPL
Oil & Gas
▲ +9.8% (upper cap)
High buying interest.May see some profit booking, but trend remains strong.
OGDC
Oil & Gas
▲ +8.2%
Strong volume support
HUBCO
Power.
▲ +10% (upper cap).
One of the top performers. Immediate support near 161,500.
MCB
Banking
▲ +6.8%
Positive territory. Banking sector contributed 3,738 points.
HBL
Banking
▲ +6.8%
Among top contributors. Aggressive buying by local mutual funds.
UBL
Banking.
▲ +6.8%
Same as above. Strong institutional support.
MARI
Oil & Gas
▲ +7.5%
Positive territory. Oil prices dropped 15% – margin expansion possible.
ARL
Oil Marketing
▲ +7.2%
Positive territory. Follow crude oil price movements.
POL
Oil & Gas
▲ +6.8%
Positive territory. Similar to OGDC.
FFC
Fertilizer
▲ +10% (upper cap)
Added 1,341 points. Upper cap may open today.
What to Watch in These Stocks Today
Scenario
What It Means
If they open higher
If they open flat
If they see profit booking
Momentum continuing.
Market consolidating.
Short-term traders taking profits.
Sector
Yesterday's Performance
Today's Outlook
Commercial Banks
▲ +6.2% (3,738 points to KSE-100)
Oil & Gas Exploration
▲ +8.5%
Cement
▲ +7.8%
Benefits from lower energy costs.
Power Generation
▲ +9.1%
Fertilizer
▲ +10.2%
FFC added 1,341 points. Strong institutional buying.
Oil Marketing Companies
▲ +7.0%
Key Triggers to Watch Today
1. Ceasefire Talks Update
Islamabad is set to host delegations from both the US and Iran on April 10, 2026 (today). Prime Minister Shehbaz Sharif has invited both countries to continue negotiations toward a long-term resolution.
What to watch: Any positive development could sustain the rally. Any negative news could trigger profit booking.
2. Oil Prices
Crude oil prices dropped approximately 15 percent after the ceasefire announcement
What to watch: If oil prices remain low, oil marketing companies and power generation sectors will benefit. Oil & Gas exploration companies may see margin pressure but volume support.
3. Circuit Breaker / Market Halt
The KSE-30 Index rose more than 5 percent yesterday, triggering a temporary trading halt
What to watch: If the market opens gap-up, another halt is possible. Don’t panic – it’s a cooling-off mechanism, not a crash.
4. Technical Confirmation
The index has crossed the bullish trend resumption level at 162,000 points
What to watch: For sustained uptrend, the index must form a higher low and then a higher high. Until then, treat this as early-stage bullish momentum.
What Experts Are Saying
“The index decisively acted upon the Bullish Resumption Scenario, breaking above both immediate resistance and primary resistance levels in a single session. The index closed near its intraday high at 165,810 points, reflecting strong bullish participation.”
– THE-CHART-ALCHEMIST, TradingView
“Despite the bullish breakout, confirmation of a sustained uptrend is still pending. For validation, the index must form a higher low and follow through with a higher high. Until this structure is established, the move should be treated as an early-stage bullish resumption, not a fully confirmed trend reversal.”
– Technical Analysis, TradingView
“Buying interest was seen across major sectors, including cement, banking, oil and gas exploration, oil marketing companies, and power generation. Key stocks such as ARL, HUBCO, MARI, OGDC, PPL, POL, MCB, HBL, and UBL all traded in positive territory, driving the index higher.”
The Bottom Line for Today
Yestarday was an iconic day for everyone. Over 130 stocks with upper caps, trading volume crossing 130 billion. But every morning has a night and every day passes.
Today Our only focus should be reading the market and getting a good trade where its possible.
Wacth the global updates carefully. Watch gold prices. Watch whether the index holds above 161,500 points.