The Pakistan Stock Exchange witnessed a surge in business activity on the last day of the trading week, with the 100 Index rising by 2,158 points to reach 1,06,7676 points. This marks a significant increase from the previous day’s close of 1,06,5811 points. The market had experienced a slight decline earlier in the week, but today’s gains pushed the index to a high of 1,06,7844 points and a low of 1,06,6221 points.
Meanwhile, the value of the dollar against the Pakistani rupee has decreased by 2 paisa to touch 279 rupees. The weekly update of the Pakistan Stock Exchange shows that the 100 Index has increased by 11% over the past week, following a decline in the previous week.
Gold prices in the country have seen a slight increase, following a decline in the previous day. The financial experts predict that the inflation rate in Pakistan may reach 6.4% in the fiscal year 2026. The president of the Lahore Chamber of Commerce and Industry, Ali Hyder, said that the decrease in the supply of liquefied petroleum gas (LPG) has led to a decrease in prices.
The prices of gold in the country have seen a reversal, with a significant increase in the value of the precious metal. Despite the ceasefire between the US, Iran, and Israel, the Asian stock markets, including Pakistan’s, have seen a negative trend today.
According to the State Bank of Pakistan, the remittances have seen a decline of 5.5% in the year-on-year basis and 16.5% in the month-on-month basis. The industry sources reveal that the prices of crude oil have decreased by 15%. The All Pakistan Sarafa Jewellers Association reports that the price of gold has increased by 15,700 rupees to touch 504,162 rupees per tola.
The prices of gold in the country have seen a slight decline, following a slight increase in the previous day. The National Assembly has sought the opinions of the public and stakeholders on the matter. The prices of different benchmark indexes have reached a high level due to the increase in prices.
Donald Trump took to social media to share his thoughts on the meeting with Iran, stating that the meeting was a positive one, with many points of agreement. However, he also mentioned that there was no consensus on one major issue, which was related to Iran’s nuclear program.
In other news, the details of the traffic jam on the Shah Faisal Bridge in Karachi have emerged. Maulana Fazlur Rehman, the president of the All Parties Hurriyat Conference, and Senator Saeed Ghani, the opposition leader in the Senate, have criticized the US for its intentions to overthrow the Iranian government after the death of Ayatollah Ali Khamenei.
Additionally, the US has confirmed that its entire diplomatic team has departed for Islamabad for further talks.
