PSX plunges 903 points on Middle East tensions
Pakistan Stock Exchange experienced high volatility on Wednesday, with KSE-100 falling 903 points due to escalating Middle East tensions. Heavy selling in banking and energy stocks drove the decline.
Pakistan Stock Exchange experienced high volatility on Wednesday, with KSE-100 falling 903 points due to escalating Middle East tensions. Heavy selling in banking and energy stocks drove the decline.
Pakistan received a record $4.3bn in workers' remittances in May 2026, up 20.2% month-on-month and 15.4% year-on-year, boosting economic stability.
Oil prices climbed on Wednesday after US strikes on Iran and a large draw in US crude stocks, with Brent rising 0.7% to $92.11 a barrel.
The KSE-100 Index gained 1,376.85 points on Tuesday, closing at 170,330.56. Market cap rose to Rs18.908 trillion with 351 advancing stocks.
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RecommendedLahore High Court rules that energy policy is for government and Parliament, not courts, dismissing a petition challenging capacity charges and tariffs in electricity bills.
Ireland's Ambassador Mary O’Neill visited Sialkot Chamber of Commerce, discussing ways to increase bilateral trade and explore new business opportunities.
The government increased the target for its 10-year variable rental rate hybrid Sukuk to Rs200 billion from Rs50 billion, aiming to boost Shariah-compliant financing. The auction is scheduled for June 10, 2026.
Pakistan's gross government domestic debt and liabilities rose to Rs58.089 trillion in April 2026, up 0.91% month-on-month and 11% year-on-year, driven by floating debt and long-term securities.
Pakistan Stock Exchange staged a strong recovery, gaining 1,377 points as easing Israel-Iran tensions boosted investor sentiment and sparked broad-based buying.
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RecommendedPrime Minister Shehbaz Sharif has ordered acceleration of DISCOs privatization, calling it a top priority. First phase includes IESCO, GEPCO, FESCO with investor roadshows planned.
Pakistan Stock Exchange staged a strong rebound on Tuesday, with KSE-100 index gaining 1,621 points to 170,574.78, driven by calmer geopolitics and broad-based buying.
The KSE-100 index fell 0.89% on Monday, closing at 168,953.71, with market capitalization dropping to Rs18.750 trillion. TPL Properties led volumes.
Pakistan Stock Exchange fell sharply on Monday, losing 1,525 points due to geopolitical concerns. The KSE-100 index closed at 168,953.71, with selling across key sectors.
Karachi Chamber of Commerce and Industry and Businessmen Group call on federal government to reverse fiscal measures damaging exports, investment, and industrial competitiveness.
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RecommendedThe Pakistan Stock Exchange witnessed heavy selling on Monday as geopolitical concerns dragged the KSE-100 index down 1,957 points intraday, with broad-based losses across sectors.
Pakistan's gross domestic savings have dropped to 6.4% of GDP in 2024, the lowest in decades. PIDE urges a national savings drive in the upcoming budget to avert a crisis.
Pakistan's elite capture diverts Rs2,435 billion via tax exemptions, benefiting the connected few. Customs duty exemptions rose 23% annually. Reforms show promise, but the fight against privilege continues.
In Pakistan, budget season starts long before the official budget, with shadow budgets from tax practitioners, businesses, and think tanks, creating a unique fiscal carnival.
Pakistan Stock Exchange saw cautious trading as US-Iran peace talks stalled. KSE-100 fell 2% WoW. CPI inflation hit 11.7% in May, highest in 23 months.
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RecommendedOn 5 June 2026, Kotri Barrage recorded zero discharge downstream while upstream reservoirs filled, raising questions about water management priorities.
Pakistan's finance minister announced a new fixed tax scheme for small shopkeepers with turnover up to Rs200 million, aiming to simplify compliance and broaden the tax base.
The KSE-100 Index fell by 696.57 points, closing at 170,478.94, with market cap dropping to Rs18.928 trillion amid mixed activity.
Pakistan Stock Exchange closed lower on Friday with KSE-100 index declining 696 points to 170,479 amid limited progress in US-Iran talks and regional tensions. Volumes rose to 727 million shares.
PSX saw a range-bound session on Friday, with KSE-100 closing near 170,480, down 0.41%. Geopolitical tensions and US-Iran talks impacted sentiment.
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RecommendedThe KSE-100 index turned bullish, gaining 984 points to close at 171,175.51, with increased trading volume and market capitalization. Beco Steel led volumes.
Pakistan's services exports increased by 17.68% to $8.269 billion in July-April 2025-26, while trade deficit contracted 17.38%.
Commissioner Syed Anser Ali chaired a meeting to assess revenue targets for FY 2025-26, reviewing tax collection status across the South Zone with district officers.
Pakistan Stock Exchange gains 705 points in mid-day trading, with KSE-100 Index reaching 170,896.59, driven by banking, energy, and cement sectors.
Saudi Tadawul All Share Index dropped 0.12% to 11,002.04, with Amana Cooperative Insurance leading gainers. Nomu parallel market rose 0.18%.
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