Friday, June 12 2026

Stocks extend rally on Gulf breakthrough hopes, oil near two-month lows
Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally ​materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears. All eyes are on the ‌hotly-awaited market debut of Elon Musk’s SpaceX, which has made history with the biggest-ever initial public offering. The IPO raised a record $75 billion, valuing the rocket and spacecraft manufacturer at $1.77 trillion and making Musk the world’s first trillionaire. US President Donald Trump said on Thursday that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on ​Iran. He said negotiations with Tehran had advanced to the highest levels of Iran’s leadership and had been approved by a broad coalition ​of regional powers.
Related news categories: business economic-indicators psx stock-exchanges

Thursday, June 11 2026

KSE-100 loses over 300 points
Selling pressure continued at the Pakistan Stock Exchange (PSX) with the benchmark KSE-100 Index shedding over 300 points during the opening minutes of trading on Thursday. At 9:39am, the benchmark index was hovering at 169,091.20, down by 336.24 points or 0.20%. Meanwhile, selling pressure was observed in key sectors including automobile, cement, and commercial banks. On Wednesday, the benchmark KSE-100 Index declined by 903.12 points or 0.53 percent to close at 169,427.44 points compared to the previous close of 170,330.56 points.
Related news categories: business economic-indicators psx stock-exchanges

Power regulator drops show-cause notice against LPCL
National Electric Power Regulatory Authority (NEPRA) has closed show cause notice issued to Lalpir Power Company Limited (LPCL) over its alleged failure to timely restart operations following the nationwide power system collapse in January 2023. According to official details, the countrywide blackout occurred on January 23, 2023 at 07:34:43 hrs, plunging the entire nation into darkness. The system was restored after approximately 20 hours on January 24, 2023. NEPRA, as the sector regulator, took cognizance of the incident and constituted an Inquiry Committee (IC) to investigate the causes. The committee conducted site visits to power plants, grid stations, and relevant offices, and examined documents to reach its conclusions.
Related news categories: business economic-indicators power-gen-dist psx stock-exchanges
Related symbols: lpl (news stock)

Wednesday, June 10 2026

Equities see volatile start as KSE-100 swings amid Middle East tensions
A volatile trading was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index swinging both ways during trading on Wednesday amid escalating tensions in the Middle East. At 12:35pm, the benchmark index was hovering at 170,284.25, down by 46.31 points or 0.03%. A mixed trading pattern was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. On Tuesday, PSX staged a strong recovery as easing geopolitical tensions between Iran and Israel and a decline in international crude oil prices boosted investor confidence, triggering broad-based buying across key sectors. The benchmark KSE-100 Index gained 1,376.85 points, or 0.81%, to settle at 170,330.56 points.
Related news categories: business economic-indicators psx stock-exchanges

Pakistan’s IT sector: a billion dollars, and still off the map
Sometime this year, Pakistan’s freelancers will earn their first billion dollars. In the ten months to April they brought home around $959 million, nearly half again as much as the year before, while total IT exports reached $3.39 billion in the first nine months of this fiscal year, according to the State Bank and Pakistan Software Export Board figures. There are now more than 2.37 million registered freelancers logging in from bedrooms in Lahore, rented offices in Karachi and rooftops in Faisalabad, billing clients in dollars and bringing the money home. Around the same time, something quieter happened. Lahore appeared on the World Intellectual Property Organisation’s list of global innovation clusters for the first time, joining Islamabad.
Related news categories: business economic-indicators psx stock-exchanges tech-comm