Thursday, July 02 2026

Bulls make further inroads at PSX, KSE-100 up 1,600 points
There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,600 points during the opening hours of trading on Thursday. At 11:35am, the benchmark index was hovering at 185,707.10, up by 1,657.00 points or 0.90%. Buying interest was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, OGDC, POL, PPL, HBL, MEBL and UBL, traded in the green. On Wednesday, PSX opened fiscal year 2026-27 on a highly bullish note as investors cheered a softer inflation outlook, declining international oil prices and mounting expectations of an imminent interest rate cut by the State Bank of Pakistan (SBP). The benchmark KSE-100 Index surged 3,748.40 points, or 2.08%, to settle at a record 184,050.10 points.
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PSX delivers region's best 3-year, 5-year returns
Pakistan's benchmark KSE-100 Index has posted the strongest three-year and five-year US dollar returns among 14 major regional and emerging-market indices, according to the Pakistan Stock Exchange (PSX). This indicates the depth of the rally that has powered the local equities since 2023. Data compiled as of June 30, 2026, show that the KSE-100 delivered a compound annual growth rate (CAGR) of 67.48% in US dollar terms over three years, the highest of any index in the comparison set, and 17.17% over five years, also the highest. On a one-year basis, the index returned 46.40% in dollar terms, placing it third behind South Korea's KOSPI (141.22%) and Thailand's SET Index (49.26%). The KSE-100's one-year return also outpaced both the MSCI Emerging Markets Index (44.18%) and the MSCI Frontier Markets Index (35.39%), as well as regional peers including Singapore's FTSE Straits Times (33.95%), Japan's TOPIX (26.93%) and China's Shanghai SE Composite (25.50%).
Related news categories: business economic-indicators psx stock-exchanges

PSX FY26 IPO boom raises Rs18.4bn
The Pakistan Stock Exchange's primary market delivered its most active year in recent memory in FY2026, with 11 companies raising a combined Rs18.39 billion (PKR 18,391-18,392 million) through main board initial public offerings, according to PSX data as of June 30, 2026. Service Long March Tyres Limited (SLM), a tyre manufacturer, was the year's largest issuer, raising Rs7.78 billion, 42.28% of total capital raised, through a listing on June 15, 2026 with a 10% free float, the smallest public float of any FY26 issuer. Ghani Dairies Limited (GDL) followed with Rs3.44 billion raised (18.70% of the total, 25% free float), and Sitara Petroleum Service Limited (SPSL) raised Rs3.18 billion (17.26%, 20% free float). Together, these three issuers accounted for over three-quarters of all capital raised on the main board during the year. The remaining eight listings were smaller: Wahdat Poultry Farms Limited (Rs956 million, 5.20%), Image REIT (Rs921 million, 5.01%), Pak-Qatar Family Takaful Limited (Rs901 million, 4.90%), JS Rental REIT (Rs574 million, 3.12%), Pak Qatar General Takaful Limited (Rs420 million, 2.28%), Signature Residency REIT (Rs116 million, 0.63%), Blue-Ex Limited (Rs65 million, 0.35%) and LSE SPAC-I Limited (Rs50 million, 0.27%).
Related news categories: business economic-indicators investment-copr psx stock-exchanges

Asian shares fall as chipmakers drag; US jobs data looms
Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and ​bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes. Oil prices hit ‌new four-month lows, with Brent crude off 0.8% to $71 a barrel, as U.S. President Donald Trump said talks with Iran had gone well in Qatar, and as more oil tankers transited through the Strait of Hormuz. On Thursday, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8%, while Japan’s Nikkei also dropped 1.1%, adding to losses ​from the first day of the quarter.
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PTCL appoints Nadeem Khan as chief executive for 14 days
Pakistan Telecommunication Company Limited (PTCL), the largest telecom services provider in the country, has appointed Mohammad Nadeem Khan as its chief executive for a temporary period of 14 days. The telecom disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. PTCL informed the bourse that Mohammad Nadeem Khan has been appointed chief executive, effective July 2, 2026, replacing Hatem Mohamed Bamatraf. The filing stated that the appointment is effective for a period of fourteen (14) days. Nadeem Khan is the Group Chief Financial Officer (GCFO) for PTCL Group, including PTCL and Ufone 4G. He is a recognised business leader with nearly three decades of professional experience.
Related news categories: business economic-indicators psx stock-exchanges tech-comm
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