Thursday, October 29 2026

PSX climbs 1,270 points as policy fears ease
The Pakistan Stock Exchange (PSX) put on an impressive show on Wednesday as the benchmark KSE-100 index staged a strong rally, driven by accelerating purchases in the final hours despite lingering concerns over monetary tightening and rising international oil prices. The market opened on a steady note and quickly advanced, reaching 164,830.55, up 363.35 points, or 0.22%, within minutes of the opening bell. It touched the intra-day high of 166,100.34 and low of 164,355.83. Investors came back and buying gathered pace late in the session, which helped the KSE-100 index close with notable gains of 1,269.55 points, or 0.77%, at 165,736.76.
Related news categories: business economic-indicators psx stock-exchanges

PSX: positive momentum continues, KSE-100 gains nearly 400 points
Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 400 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 166,104.36, up by 367.61 points or 0.22%. Buying was observed in key sectors, including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including HUBCO, KE, MARI, POL, PPL, PSO, SNGPL, HBL, MCB, MEBL and UBL, traded in the green.
Related news categories: business economic-indicators psx stock-exchanges

Gold jumps ahead of US Fed policy decision
Gold prices in Pakistan increased by Rs3,500 per tola on Wednesday, despite a slight decline in international market, as investors awaited the US Federal Reserve's monetary policy decision and comments from its chair for clues about the future path of rates. In the local market, gold prices rose to Rs425,636 per tola, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10-gram gold increased by Rs3,001 to reach Rs364,914. On Tuesday, gold prices had declined by Rs1,300 per tola, settling at Rs422,136.
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More rate hikes may follow
The State Bank of Pakistan's (SBP) decision to raise its policy rate by 50 basis points to 12% has cast a shadow over the economic recovery, with economists warning that persistent energy and food price pressures could keep monetary policy tight while higher borrowing costs weigh on private investment, employment and growth. The Sustainable Development Policy Institute (SDPI) economist Dr Abid Qaiyum Suleri said the 50-basis-point increase reflected growing concerns over inflation, particularly rising energy and food prices. With inflation reaching 10.3% in September, the central bank wanted to prevent temporary supply shocks from turning into persistent inflationary pressures.
Related news categories: business economic-indicators misc

IMC flags misuse of used car import scheme
Indus Motor Company (IMC), the assembler of Toyota vehicles in Pakistan, has said the misuse of gift scheme for importing used vehicles and the absence of a clear, long-term automotive policy are hurting local manufacturing and discouraging investment, even as the company reported higher sales and profit for the first quarter (July-September) of the current fiscal year. IMC Chief Executive Officer Ali Asghar Jamali said the recovery in automotive demand was encouraging, but warned that the misuse of the scheme was undermining local production and diverting economic activity away from domestic manufacturers. He said this had negative implications for employment, localisation and government revenues.
Related news categories: auto-assembler business economic-indicators misc