Friday, June 05 2026

PSX extends gains, KSE-100 up over 200 points
Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 200 points during the first half of the trading session on Friday. At 12pm, the benchmark index was hovering at 171,436.00, up by 260.50 points or 0.15%. Buying activity was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including HUBCO, MARI, OGDC, POL, PPL, PSO, HBL and NBP, traded in the green. On Thursday, PSX extended its gains as cautious optimism surrounding a potential diplomatic breakthrough between the United States and Iran encouraged selective buying in heavyweight stocks, helping the benchmark index close firmly in positive territory.
Related news categories: business economic-indicators psx stock-exchanges

Gold price drops by Rs1,469 per tola in Pakistan
Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs467,816 after a decline of Rs1,469 during the day. Similarly, 10-gram gold was sold at Rs401,012 after it fell by Rs1,323, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs469,285 after a gain of Rs1,523 during the day. The international rate of gold declined by $14 to reach $4,453 per ounce (with a premium of $20).
Related news categories: business economic-indicators misc

Gold price drops by Rs1,469 per tola in Pakistan
Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs467,816 after a decline of Rs1,469 during the day. Similarly, 10-gram gold was sold at Rs401,012 after it fell by Rs1,323, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs469,285 after a gain of Rs1,523 during the day.The international rate of gold declined by $14 to reach $4,453 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs67 to reach Rs7,730 per tola.
Related news categories: business economic-indicators misc

Thursday, June 04 2026

Buying observed at PSX, benchmark index up nearly 1,000 points
Buying returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,000 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 171,181.56, up by 990.92 points or 0.58%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including MARI, OGDC, POL, PPL, PSO, HUBCO, MCB, MEBL and NBP, traded in the green. Pakistan’s federal budget for fiscal year 2026-2027 would be presented on June 10, Deputy Prime Minister Ishaq Dar said on Wednesday.
Related news categories: business economic-indicators psx stock-exchanges

Economists challenge 3.70pc GDP growth figure
Leading economists have challenged the government’s provisional GDP growth estimate of 3.70 percent for the outgoing fiscal year 2025-26, arguing that the figure is overstated and likely to be revised downward once the entire year’s data is available. Former finance minister Dr Hafeez Pasha told Business Recorder that the government’s provisional growth estimate ‘is exaggerated’ and that the economy’s actual expansion is below 3 percent. He acknowledged some positive developments in the economy, particularly the recovery in Large Scale Manufacturing (LSM), which has been supported mainly by robust growth in the automobile sector. However, he noted that the textile sector — one of Pakistan’s largest export earners — has remained almost stagnant.
Related news categories: business economic-indicators misc