Business

KARACHI — Despite the geopolitical tension, the Pakistan Stock Exchange (PSX) showed remarkable resilience today. The KSE-100 index gained over 650 points, closing in the green as local investors took advantage of low prices in the energy and fertilizer sectors. Analysts believe that while the petrol hike is a concern, the stability in foreign reserves […]

ISLAMABAD — In a major development providing much-needed relief to the inflation-hit public, the Government of Pakistan has announced a significant reduction in petroleum prices. Petrol prices have been slashed by Rs. 36 per litre, bringing the new rate down from its previous peak. This move comes as international oil prices stabilized and the Pakistani

KARACHI — After a week of record-breaking highs, the Pakistan Stock Exchange (PSX) witnessed a sharp correction today. The KSE-100 index shed over 1,800 points (approx. 1.1%), closing near the 167,000 mark. Analysts suggest that this dip is a natural result of “profit-taking” by investors who had gained significantly during the recent bull run. Additionally,

KARACHI — The Pakistan Stock Exchange (PSX) faced a “Negative Monday” hangover, with the KSE-100 index failing to sustain its record highs. The index slipped below the psychological barrier of 170,000 points during intraday trading as investors opted for profit-taking amid the high-stakes talks in Islamabad. Despite the “Stable” outlook from global agencies, the aggressive

KARACHI — After a week of relentless surging, gold prices in Pakistan have finally seen a significant correction. The price of 24K gold dropped by Rs. 4,900, settling at Rs. 501,162 per tola. This decline follows a slight cooling of international bullion prices, which fell to $4,788 per ounce. Investors who were panic-buying at the

KARACHI — The Pakistan Stock Exchange (PSX) continues its record-breaking streak, with the KSE-100 index soaring past the 173,000-point mark today. This massive gain of over 4,000 points in a single day reflects growing investor confidence following news of the Saudi cash inflows and the potential LNG deal with Qatar. Market analysts attribute this “bull