Tuesday, June 30 2026

Positive sentiments drive PSX, KSE-100 up 1,400 points
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,400 points during the opening hours of trading on Tuesday. At 11:25am, the benchmark index was hovering at 179,856.53, up by 1,441.74 points or 0.81%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including OGDC, MARI, POL, PPL, HUBCO, ARL, PSO, SSGC and UBL, traded in the green. On Monday, PSX came under renewed selling pressure on Monday as investor sentiment weakened following fresh geopolitical uncertainty over the weekend, prompting widespread profit-taking that dragged the market, erasing the previous session’s gains. The benchmark KSE-100 Index declined by 1,156.47 points, or 0.64%, to close at 178,414.80 points.
Related news categories: business economic-indicators psx stock-exchanges

OGDCL starts crude oil production at Bobi Deep-1 well
Oil and Gas Development Company Limited (OGDCL) has commenced crude oil production from its Bobi Deep-1 discovery well in Sindh on a fast-track basis, less than a month after announcing the discovery. In a notice submitted to the Pakistan Stock Exchange (PSX) on Monday, OGDCL said it had successfully connected the Bobi Deep-1 well to the existing Bobi processing plant through a newly laid 4-inch, 1.5-kilometre flowline to enable early monetisation of the discovery. The Bobi Deep-1 well, located in the Bobi and Dhamraki Mining Lease in District Sanghar, Sindh, is currently producing 2,000 barrels of crude oil per day from the Massive Sand of the Lower Goru Formation. The company said there is no associated gas production from the well at present.
Related news categories: business misc oilgas-exploration oilgas-marketing stock-exchanges
Related symbols: ogdc (news stock)

SECP approves 10 IPOs for listing on PSX
Pakistan’s capital market continued its strong growth momentum during the first half of 2026 as the Securities and Exchange Commission of Pakistan (SECP) approved ten Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX). Nine companies have successfully completed their IPOs, raising more than Rs. 20 billion, while the book building for LSE SPAC-II is scheduled to take place in the coming days. The strong IPO pipeline came despite heightened regional uncertainty and geopolitical tensions, reflecting the resilience of Pakistan’s capital market and growing investor confidence. During the recent regional conflict, the Pakistan Stock Exchange outperformed many regional markets, supported by strong domestic institutional participation, improving macroeconomic fundamentals, and renewed investor optimism.
Related news categories: business economic-indicators investment-copr psx stock-exchanges

Pakistan auto industry experts raise concerns over budget measures
Auto experts and analysts have voiced concerns over the recently announced federal budget, warning that some of its measures could hurt Pakistan’s automobile sector and calling on the government to introduce safeguards for the industry. Speaking to Business Recorder, Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) senior vice chairman and auto analyst Shehryar Qadir said it was disappointing to see the government’s direction in the federal budget for the upcoming fiscal year with regard to the auto sector. “It is a poor outcome all round for the auto industry. While the government keeps stressing on strengthening the economy and promoting local manufacturing, the actions taken oppose that completely,” Qadir said.
Related news categories: auto-assembler business economic-indicators misc

Gold set for fourth monthly fall on bets of Fed rate hikes
Gold fell over 1% on Tuesday and was set for a fourth straight monthly decline, as uncertainty in the Middle East gave ​way to expectations of US interest rate hikes to tame ‌inflation. Spot gold declined 1.5% to $3,957.74 per ounce by 0112 GMT and was set for a monthly fall of 12.7%. US gold futures for August delivery ​lost 1.7% to $3,971.60. The US dollar was headed for a monthly ​gain, making bullion more expensive for holders of other currencies. ⁠Iranian and US negotiating teams were due to meet in Doha this ​week, but Iran said on Monday no meeting had been scheduled as ​weekend missile fire from both sides tested the interim ceasefire to end the four-month-old war.
Related news categories: business misc