Pakistan Stock Exchange (PSX) witnessed a positive trend for the week, with the 100-index closing at a record high of 67,191 points, a rise of 11% from the previous week. The positive trend was sustained throughout the week, with the 100-index fluctuating between 62,518 and 68,290 points. The weekly trading volume reached 3.3 billion shares, valued at Rs203.6 billion.
Market capitalization declined by Rs1,748 billion, reaching Rs184.73 trillion. Despite the previous day’s decline, gold prices rose in the country, with the expectation of a 6.4% inflation rate for the fiscal year 2026.
Speaking to the media, Ali Hyder, the head of the Lahore Chamber of Commerce and Industry, said that the decline in LG supply prices has led to a decrease in prices. The exchange rate in the country’s currency markets also reversed, with a slight increase in gold prices.
Although the ceasefire between the US, Iran, and Israel has been maintained, Asian stock markets saw a negative trend today. The 100-index closed at 165,811 points on the previous trading day.
According to the State Bank’s statement, the remittances have declined by 16.5% on a monthly basis and 5.5% on a yearly basis. Sources in the industry have reported a 15% decline in crude oil prices.
The All Pakistan Jewellers Association reported that the price of gold per tola has increased by Rs150,700, reaching Rs5,41,216. The 100-index closed at 1,51,673 points on the previous trading day.
After a slight increase in gold prices, the prices dropped to their previous level in the country. The government has sought public and stakeholder opinions on the matter.
The 100-index closed at 1,51,207 points on the previous trading day. The rise in prices has led to a surge in the value of various benchmark indexes. Saudi Arabia and Qatar have agreed to provide Pakistan with $5 billion in financial assistance.
Pakistan’s military contingent has arrived at King Abdulaziz Base in Saudi Arabia under a strategic defense agreement. Russia’s Ministry of Foreign Affairs has reacted to the Islamabad talks between the US and Iran.
US President Donald Trump has stated that the process of clearing the Abenaei Hormuz Strait has begun. According to the announcement, a detailed discussion took place on regional issues during the meeting.
Meanwhile, Babar Azam has equaled the record for the most partnership in a T20 match, scoring 117 runs with his Lahore Qalanders teammate in the match against the same team in the Pakistan Super League.
