Monday, May 18 2026

Selling at bourse, KSE-100 down nearly 1,600 points amid geopolitical volatility
Selling pressure was observed at the Pakistan Stock Exchange (PSX) as tensions in the Middle East escalated, with the benchmark KSE-100 Index shedding nearly 1,600 points during the opening hours of trading on Monday. At 11:44am, the benchmark index was hovering at 164,025.57, down by 1,570.50 points or 0.95%. Selling 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 ARL, HUBCO, MARI, OGDC, PPL, POL, HBL, MEBL and UBL, traded in the red.
Related news categories: business economic-indicators psx stock-exchanges

New PSX record: Service Long March Tyres IPO book building gets fully subscribed within 5 seconds
Service Long March Tyres Limited’s (SLM) Initial Public Offering (IPO) book building was fully subscribed within the first 5 seconds of opening on Monday, marking one of the fastest-ever book building transactions in the history of the Pakistan Stock Exchange (PSX). The IPO is being offered at a price band of Rs14.25 to Rs19.95 per share, while the book building process is scheduled for May 18 and 19, 2026. The company’s valuation for the IPO has been estimated at around $550 million, with management targeting to build it into a $1 billion company within the next two years. The IPO also comes at a time when Pakistan’s equity market is witnessing renewed investor interest in manufacturing and industrial companies linked to export growth and localisation opportunities.
Related news categories: business economic-indicators psx stock-exchanges

PSO announces major cut in jet fuel prices
Pakistan State Oil (PSO) announced a major reduction in jet fuel prices on Sunday, slashing rates by Rs 111.44 per litre. To shield consumers from a recent spike in ex-refinery costs for petrol, the government adjusted the Petroleum Levy (PL) on both petrol and HSD effective from Saturday. According to the PSO’s official website, the jet fuel price was brought down to Rs 330.22 per litre, sparking hopes of a drop in domestic and international airfares. Aviation industry sources indicate that this substantial cut will significantly ease operational pressures for airlines, likely translating into cheaper ticket prices over the coming weeks.
Related news categories: business economic-indicators oilgas-marketing psx stock-exchanges
Related symbols: pso (news stock)

Friday, May 15 2026

Selling continues at bourse, KSE-100 sheds over 850 points
Selling continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 800 points during the opening minutes of trading on Friday. At 10am, the benchmark index was hovering at 165,641.89, down by 856.94 points or 0.51%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, OGDC, PPL, PSO, HBL, MEBL, NBP and UBL, traded in the red. In a key development, the International Monetary Fund (IMF) has slapped 11 new Structural Benchmarks (SBs) on Pakistan including parliamentary approval of a fiscal year 2027 budget in line with IMF staff agreement to meet programme targets, notification of the semi-annual gas tariff adjustment, the annual power tariff adjustment and enhancing NAB’s autonomy and transparency by submitting to parliament amendments to the NAB ordinance to establish an open, merit-based, rigorous and competitive selection process of senior management.
Related news categories: business economic-indicators psx stock-exchanges

P&G to sell Port Qasim manufacturing assets to Colgate-Palmolive
Colgate-Palmolive (Pakistan) Limited (COLG) plans to acquire land, a manufacturing facility, and related assets at Port Qasim, Karachi, from Procter & Gamble (Pakistan) Limited. The listed FMCG disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “This is to inform you that the Board of Directors of Colgate-Palmolive (Pakistan) Limited has approved to negotiate and enter into an asset purchase agreement with Procter & Gamble (Pakistan) Limited for the acquisition of land, manufacturing facility and assets located at Port Qasim, Karachi,” read the notice. The transaction will remain subject to the execution of the asset purchase agreement, regulatory approvals and completion of all necessary formalities, it added.
Related news categories: business economic-indicators misc personal-care psx stock-exchanges
Related symbols: colg (news stock)