Pakistan’s stock market has seen a significant surge in the last trading day of the week, with the 100-index witnessing an increase of 2,158 points, taking it to a record 1,67,676 points. This comes after the index closed at 1,65,811 points on the previous trading day. Throughout the day, the 100-index touched its lowest point at 1,66,221 and its highest point at 1,67,844 points. In contrast, the US dollar dropped to 279 rupees, down from its previous value of 281 rupees.
The weekly update from the Pakistan Stock Exchange revealed that the 100-index has risen by 11% over the week, following a decline the previous day. In a surprising turn of events, gold prices have increased in the country, despite a decrease in prices globally. The Association of Goldsmiths and Jewelers of Pakistan reported that the price of gold has increased by 15,700 rupees per tola, taking it to 504,162 rupees.
The International Monetary Fund (IMF) has expressed concerns over the country’s economic growth, with inflation expected to reach 6.4% in the fiscal year 2026. Meanwhile, the Saudi Arabian and Qatari governments have announced that they will provide Pakistan with a financial aid of $5 billion.
The Saudi Arabian military contingent has arrived in Pakistan under the Strategic Defense Agreement, while the Russian Ministry of Foreign Affairs has reacted to the US-Iran talks in Islamabad. US President Donald Trump has announced the start of the process to clear the Strait of Hormuz, following a meeting with the US and Iranian delegations. The meeting focused on regional issues, with both sides engaging in a detailed discussion.
In cricket news, Pakistan’s Babar Azam has equaled the record for the most partnership in T20 cricket by scoring 100 runs against the Lahore Qalandars in the PSPL 11 tournament.
