Recent Financial News in the 'stock-exchanges' category
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Wednesday, April 01 2026
KSE-100 gains over 5,000 points amid war de-escalation hopes
Bulls roared back at the Pakistan Stock Exchange (PSX) amid hopes of a de-escalation in the Iran-US war, with the benchmark KSE-100 Index gaining over 5,000 points during the trading session on Wednesday.
At 10:55am, the benchmark index was hovering at 153,764.13, up by 5,020.82 points or 3.38%.
Buying momentum was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including HBL, MCB, MEBL, UBL, MARI, OGDC, PPL, POL, PSO, HUBCO and ARL, traded in the green.
On Tuesday, PSX witnessed a strong recovery as fresh institutional and retail buying helped the benchmark indices rebound sharply after consecutive sessions of losses, with investor sentiment improving on the back of positive macroeconomic signals and supportive corporate developments.
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Asia markets rally on optimism Iran war could end soon
Stocks and bonds rallied and the dollar wallowed at the start of the Asian trading session on Wednesday on hopes of a de-escalation in the Iran conflict, while significantly better-than-expected economic data for March propelled a rebound in Korean and Japanese shares.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 2.7%, snapping a four-day losing streak as South Korea’s Kospi surged as much as 5.5%.
The Nikkei 225 also jumped 3.9% at one point, after US President Donald Trump said the United States could end its military attacks on Iran within two to three weeks and that Tehran did not have to make a deal as a prerequisite for the conflict winding down.
“They’re still quite far apart in terms of what a truce means, or what peace means, but the market is embracing the fact that they are talking,” said Rodrigo Catril, currency strategist at National Australia Bank in Sydney.
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MariEnergies launches project to turn waste emissions into LNG
Mari Energies Limited, one of Pakistan’s largest E&P companies, has partnered with Ghani Chemical Industries Limited (GCIL) to establish a special purpose vehicle (SPV) aimed at converting waste gases into commercially viable products, including liquefied natural gas (LNG) and carbon dioxide.
The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX).
“MariEnergies and GCIL have established a project company, namely GHG Emissions Mitigation Limited (GEM), to mitigate methane emissions from Sachal Gas Processing Complex (SGPC) by recovering hydrocarbons from the exhaust gas for producing and disposing in the form of LNG as well as industrial and food-grade carbon dioxide (CO2),” read the disclosure.
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Tuesday, March 31 2026
Buying returns to bourse, KSE-100 up over 2,200 points
A day after intense selling pressure, buying momentum returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 2,200 points during the opening minutes of trading on Tuesday.
At 9:35am, the benchmark index was hovering at 149,106.44, up by 2,263.47 or 1.54%.
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 ARL, HUBO, MARI, POL, PSO, SNGPL, SSGC and WAFI, traded in the green.
On Monday, PSX remained under heavy selling pressure, extending its losing streak for a fourth consecutive Monday as geopolitical tensions over the weekend and cautious investor participation dragged the Index. The KSE-100 Index closed at 146,842.97 points, shedding 4,864.54 points or 3.21%.
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Habib Metro Bank appoints CEO, chairman
Habib Metropolitan Bank Limited announced key appointments on Tuesday.The bank shared the information in a notice to the Pakistan Stock Exchange (PSX) today.
The bank said that Khurram Shahzad Khan was reappointed as president and chief executive officer for another three years.
The notice further said Mohamedali R. Habib was re-elected as chairman, effective March 30, 2026.
Habib Metropolitan Bank was incorporated in Pakistan as a public limited company in 1992. The bank is the subsidiary of Habib Bank AG Zurich – Switzerland which is the holding company of the bank.
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