Wednesday, March 11 2026

Buying continues at bourse, KSE-100 up over 2,400 points in early trade
Buying continued at the Pakistan Stock Exchange (PSX) as market sentiments improved following a decline in oil prices. The benchmark KSE-100 Index gained over 2,400 points during the opening minutes of trading on Wednesday. At 10:15am, the benchmark index was hovering at 158,589.72, up 2,412.60 points, or 1.54%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, OMCs and refinery. Index-heavy stocks, including CNERGY, FFC, MCB, MEBL, UBL and LUCK, traded in the green. On Tuesday, Pakistan’s equity market staged a powerful recovery as aggressive buying across key sectors helped the benchmark index recoup a substantial portion of the previous session’s losses, reflecting renewed investor confidence at the PSX.
Related news categories: business economic-indicators psx stock-exchanges

K-Electric postpones EOGM, expands directors to 13
K Electric Limited (KE) announced on Wednesday that it postponed its Extraordinary General Meeting (EOGM) to April 2, and increased the number of directors to be elected from 10 to 13. The country’s sole power utility for Karachi shared the information in a notice to the Pakistan Stock Exchange (PSX) today. It said that the decision was taken after the Government of Pakistan (GoP), through the Ministry of Energy (Power Division), informed the company that it would exercise its shareholder right to nominate or elect directors to the board. “It has further been intimated that GoP shall, in exercise of its right, take or communicate its decisions in the context of nomination/election during the process and accordingly shall participate in the manner deemed fit and appropriate by it.
Related news categories: business economic-indicators power-gen-dist psx stock-exchanges
Related symbols: kel (news stock)

PSO aggressively building fuel stocks
As the backbone of Pakistan’s energy landscape, Pakistan State Oil (PSO) continues to demonstrate resilience in managing the national supply chain. In response to the evolving geopolitical environment, the company has proactively optimized its operations to ensure that the nation’s energy needs are met with precision and reliability. PSO is aggressively building fuel stocks to insulate the national economy from global market volatility. Guided by the strategic directives of the Ministry of Energy, PSO is taking bold steps to fortify the country’s fuel supply lines. By leveraging its robust international procurement network and a streamlined logistics framework, PSO is successfully fueling the nation’s economic engine, ensuring uninterrupted movement for industries and citizens alike.
Related news categories: business economic-indicators oilgas-marketing psx stock-exchanges
Related symbols: pso (news stock)

SECP approves Al-Hilal to conduct Shariah screening
The Securities and Exchange Commission of Pakistan (SECP) has approved Al-Hilal Shariah Advisors (Pvt) Limited to independently conduct Shariah screening of securities. It is the first entity other than the Pakistan Stock Exchange (PSX) and its partners to receive such approval, opening the door for greater competition in Shariah-compliant investment services. Under the Shariah Governance Regulations, 2023, any person other than an issuer who publicly declares securities as Shariah-compliant is required to develop a Shariah screening process approved by SECP. The approval granted to Al-Hilal Shariah Advisors provides a structured regulatory pathway for alternative Shariah screening arrangements.
Related news categories: business economic-indicators investment-copr

Currency market on tenterhooks as Iran war weighs on sentiment
The dollar held its ground on Wednesday as traders moved to the sidelines, awaiting cues on what comes next in the U.S.-Israeli war with Iran while mixed messages on a resolution to the conflict kept sentiment frail. Global markets have been betting that U.S. President Donald Trump will seek to end the conflict soon, but Trump has also repeatedly threatened to hit Iran hard over moves to stop the flow of energy supplies through the Strait of Hormuz. The dollar, which has surged as the more than week-long war sent oil prices soaring, has given up some of those gains on hopes of a swift resolution, but analysts remain sceptical of the conflict ending so soon. “We expect the war to run for months, not weeks, while acknowledging the high level of uncertainty,” said Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia.
Related news categories: business misc