Wednesday, August 13 2025

PSX closes above record 147,000 points
The Pakistan Stock Exchange (PSX) extended its record-breaking run on Tuesday, with the benchmark KSE-100 index closing above the 147,000 mark for the first time in history, despite a volatile trading session. According to data from Topline Securities Ltd, the KSE-100 index finished at 147,005.32 points, posting a modest gain of 75.48 points, or 0.05 per cent. The session was marked by sharp intraday swings, as the index touched a high of 147,976.98 before dipping to a low of 146,894.63, reflecting ongoing profit-taking by investors. Support from select blue-chip stocks helped cushion the broader weakness. Positive momentum in Bank Alfalah, Habib Bank, and Systems Ltd contributed a combined 295-point uplift to the index. However, this was partially offset by selling pressure in Fauji Fertiliser, Mari Energies, Oil and Gas Development Company, Pakistan State Oil, and Bank Al Habib, which collectively knocked off 527 points.
Related news categories: business economic-indicators psx stock-exchanges

Tuesday, August 12 2025

PSX hits new peak amid US investment hopes
The Pakistan Stock Exchange (PSX) kicked off the week on a bullish note, with the benchmark KSE-100 index surging to a record intraday high above 147,000 before settling at an all-time closing high of 146,929 points on Monday. Persistent economic optimism, strong corporate earnings, and expectations of foreign investment inflows drove the rally. According to Topline Securities Ltd, the index gained a substantial 1,547 points, or 1.06pc, during the session, after hitting an intraday high of 1,622 points. The upbeat sentiment was underpinned by reports of US companies preparing to invest in Pakistan’s energy sector, coupled with better-than-expected corporate earnings that boosted investor confidence. Ahsan Mehanti of Arif Habib Corporation attributed the record close to robust financial results, a year-on-year surge in July remittances amounting to $3.2bn, a stable rupee, and optimism surrounding Pakistan-US trade talks. Speculation about a potential breakthrough in trade terms during the Chief of Army Staff’s ongoing visit to the US also played a key role in lifting market sentiment.
Related news categories: business economic-indicators psx stock-exchanges

Monday, August 11 2025

Equities clinch yet another milestone in bullish week
The Pakistani stock market showed impressive growth this week, with the KSE-100 index rising by 3.08 per cent on a week-on-week basis. This upward trend was largely driven by strong buying activity from local mutual funds, as investors turned to equities, which continue to outperform other asset classes. The rally in the stock market coincided with a series of significant developments in the economy. Key among these was the widening of Pakistan’s trade deficit, which surged 44pc year-on-year to $2.8bn for July 2025. On the positive side, workers’ remittances reached an all-time high for July, amounting to $3.2bn, up 7pc compared to the same month last year.
Related news categories: business economic-indicators psx stock-exchanges

Friday, August 08 2025

550-point gain helps PSX maintain record-setting spree
The Pakistan Stock Exchange (PSX) maintained its record-setting spree for a fifth consecutive session as it gained over 550 points on Thursday. The benchmark KSE-100 index rose by 992.53 points (0.68 per cent) to reach an intraday high of 146,081.02 points at 12:37pm, from the previous close of 145,088.49 points. However, the shares soon declined slightly, standing at 145,613.09 points at 3:09pm, gaining 524.60 points (0.36pc) from yesterday. Witnessing fluctuations throughout the day, the index finally closed at 145,647.13 points, gaining 558.64 (0.39pc) from yesterday. Awais Ashraf, research director at AKD Securities, told Dawn.com: “Investor interest in companies posting strong corporate results or anticipated to report robust profitability has propelled the index to a new record high.
Related news categories: business economic-indicators psx stock-exchanges

Pakistan Refinery Ltd to buy Nigerian Bonny Light oil from Vitol
Pakistan Refinery Ltd will import its first cargo of Nigerian Bonny Light crude from Vitol in September, two sources familiar with the matter said, as Asian refiners shift towards cheaper alternatives to Middle Eastern oil. The 500,000-barrel, light-sweet crude cargo is expected to load later this month and arrive in Karachi by late September, the sources said, declining to be named as the information is not yet public. The price was not immediately known. Vitol and PRL did not immediately respond to a request for comment. The purchase follows Pakistan’s first deal to import US crude, also supplied by Vitol, by Cnergyico, which is scheduled to arrive in October.
Related news categories: business economic-indicators psx refinery stock-exchanges
Related symbols: prl (news stock)