Tuesday, July 14 2026

PSX Closing Bell: Falls Off A Cliff
The Pakistan Stock Exchange (PSX) closed Monday's session sharply lower, with the benchmark KSE-100 Index extending its losses as investors remained cautious amid escalating geopolitical tensions in the Middle East. Sentiment stayed under pressure after the United States and Iran exchanged fresh military strikes in an intensifying confrontation over control of the Strait of Hormuz, fueling fears of potential disruptions to global energy supplies. The surge in international oil prices and heightened geopolitical uncertainty prompted broad-based selling across the market, particularly in heavyweight banking, cement, fertilizer, and energy stocks.
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Asia markets choppy as threat of Trump Hormuz levy spooks traders
Stocks ​swung between gains and losses and oil hit a one-month high in early Asian trading on ‌Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz. In a volatile start to the session, MSCI’s broadest index of Asia-Pacific shares outside Japan ​rose 0.4%, led by a 2.2% gain for Korean shares. Japan’s Nikkei 225 was up 0.2%, while ​S&P 500 e-mini futures nudged 0.1% lower. Brent crude futures climbed 2.6% to $85.50 a barrel, their ⁠highest since mid-June, as trading resumed in Asia. Markets were also rattled by hawkish comments on Monday from Federal Reserve ​Governor Christopher Waller, who said the U.S. central bank may need to raise interest rates “in the near term” if ​coming data show inflation continuing well above the 2% target.
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Select Technologies raises Rs3.02bn through IPO after strong investor response
Select Technologies Limited (SELECT), a Pakistani manufacturer of smartphones and consumer appliances, has successfully completed its initial public offering (IPO), raising Rs3.02 billion after attracting strong demand from institutional and retail investors, the Pakistan Stock Exchange (PSX) said in a statement. The company offered 88.9 million ordinary shares, representing 10% of its post-issue paid-up capital. The IPO was priced through a book-building process in which the strike price was discovered at Rs34 per share, 21% above the floor price of Rs28. According to the company, the IPO was oversubscribed 3.23 times and drew participation from around 13,000 investors
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Monday, July 13 2026

PSX Opening Bell: Red Dawn
The Pakistan Stock Exchange (PSX) opened the week on a sharply negative note, with the benchmark KSE-100 Index extending last week's losses as investors reacted to a fresh escalation in geopolitical tensions in the Middle East. Market sentiment remained under pressure after the United States and Iran exchanged fresh military strikes in an escalating contest over control of the Strait of Hormuz, triggering a sharp rise in global oil prices and renewing concerns over energy supplies and regional stability. Oil was last trading 4.05% higher at $79.09 per barrel, adding to risk aversion across financial markets. As of 9:36am, the benchmark KSE-100 Index was at 179,448.52, down 2,793.25 points or 1.53%.
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LSE SPAC-II debuts on PSX main board
Pakistan Stock Exchange (PSX) has notified the listing of LSE SPAC-II Limited (SPAC2), with trading in the company's shares commencing on the Main Board from Monday, July 13, 2026. According to the notice, the shares of LSE SPAC-II Limited will be settled on a T+1 basis, with the first settlement date scheduled for Tuesday, July 14, 2026. The market lot of the company has been fixed at one share of Rs10 each. PSX said the company's shares have already been declared an eligible security by the Central Depository Company of Pakistan Limited (CDC), while all transactions will be settled through the National Clearing Company of Pakistan Limited (NCCPL).
Related news categories: business economic-indicators psx stock-exchanges