Business
PSX continues rally as benchmark index jumps past 152,000 | The Express Tribune
The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Wednesday, with the benchmark KSE-100 index surging 1,317.85 points, or 0.87%, to 152,293.33 during intra-day trading.
The index touched an intra-day high of 152,383.82 and a low of 151,320.49 during the ongoing session.
Market participation remained strong, with trading volume recorded at 139.4 million shares. The total value of transactions stood at Rs14.33 billion.
The latest surge follows Tuesday’s close of 150,975.48.
Earlier on Tuesday, the KSE-100 index surged 1,004 points, or 0.67%, to 150,975, driven by improved macroeconomic indicators and stock buying in attractive sectors.
Read: Bull-run continues on economic cues
Reporting the latest trade numbers, the Pakistan Bureau of Statistics (PBS) announced a trade deficit of $2.88 billion in August, a 9% month-on-month contraction compared with July’s deficit of $3.15 billion.
In its report, Arif Habib Limited (AHL) said that the intra-day high of 151k brought the KSE-100 within striking distance of the 151.2k weekly target flagged during last week’s consecutive negative sessions.
Topline Securities stated that the rally continued as the market maintained a strong momentum throughout the day. As a result, the benchmark index surged 1,105 points during intra-day trading, before closing at 150,975, up 1,004 points, or 0.67%.
The Bank of Punjab topped the volumes chart with trading in 174.4 million shares, gaining Rs1 to close at Rs17.58. It was followed by Pak Electron with 52.7 million shares, losing Rs0.07 to close at Rs52.47 and First National Equities with 39.8 million shares, sliding Rs0.40 to close at Rs6.64.
Business
Indias Forex Reserves Rise $3.5 Billion To $694.2 Billion In Latest Week, Supported By Foreign Currency Assets, Gold
New Delhi: India’s foreign exchange reserves rose by USD 3.5 billion in the week that ended August 29 to USD 694.230 billion, driven largely by a rise in foreign currency assets and gold, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement’.
The country’s forex kitty is hovering close to its all-time high of USD 704.89 billion touched in September 2024. For the reported week, India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 583.937 billion, a rise of USD 1.7 billion.
The RBI data showed that the gold reserves currently amount to USD 86.769 billion, witnessing a rise of USD 1.8 billion. After the latest monetary policy review meeting, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country’s imports.
In 2023, India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022. In 2024, the reserves rose by a little over USD 20 billion. So far in 2025, the forex kitty has cumulatively increased by about USD 53 billion, according to data.
Foreign exchange reserves, or FX reserves, are assets held by a nation’s central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.
The RBI often intervenes by managing liquidity, including selling dollars, to prevent steep depreciation of the rupee. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens.
Tata Motors Vehicles Price In India: Tata Motors on Sunday announced that it will pass on the entire benefit of the recent GST rate cut to its commercial vehicle customers. The new prices will be effective from September 22, the day the revised GST rates come into force.
“Tata Motors will pass on the full benefit of the recent GST reduction on its entire commercial vehicle range to customers, effective September 22, the date the revised GST rates come into effect,” the company said in a statement.
The price cuts will vary across different vehicle categories. Heavy commercial vehicles (HCVs) will see a reduction ranging between Rs 2.8 lakh and Rs 4.65 lakh. Intermediate, light, and medium commercial vehicles (ILMCVs) will become cheaper by Rs 1 lakh to Rs 3 lakh.
Buses and vans will see reductions between Rs 1.2 lakh and Rs 4.35 lakh. Small commercial passenger vehicles (SCVs) will get price cuts between Rs 52,000 and Rs 66,000, while SCVs and pickups will become cheaper by Rs 30,000 to Rs 1.1 lakh. The company said the GST on commercial vehicles has been reduced to 18 per cent, a move that it believes will help revive India’s transport and logistics sector.
Girish Wagh, Executive Director of Tata Motors, said the decision reflects the government’s commitment to strengthening the country’s economic backbone. He added that Tata Motors is proud to extend the full GST benefit to customers, ensuring lower costs and better access to modern vehicles.
Tata Motors highlighted that commercial vehicles play a crucial role in India’s growth by driving logistics, trade, and connectivity. With the GST reduction, the company expects the total cost of ownership for transporters, fleet operators, and small businesses to come down.
This will encourage faster fleet modernisation and wider adoption of advanced, cleaner mobility solutions, helping operators cut costs, improve efficiency, and boost profits. The company has also encouraged customers to book vehicles early to take advantage of the reduced prices during the upcoming festive season.
Business
Dividends & Bonuses: Patanjali, HUDCO, IRCON, Cochin Among 138 Stocks To Trade Ex-Date This Week
Ranking the greatest moments of USWNT, NWSL star Alex Morgan’s career
Indias Forex Reserves Rise $3.5 Billion To $694.2 Billion In Latest Week, Supported By Foreign Currency Assets, Gold
Carter awaits discipline amid sportsmanship push
SSA Whistleblower’s Resignation Email Mysteriously Disappeared From Inboxes
Sabrina Carpenter gives insight into her new music and viral debate over album cover
Gear News of the Week: Apple’s iPhone Event Gets a Date, and Plaud Upgrades Its AI Note-Taker
-
Tech1 week agoSSA Whistleblower’s Resignation Email Mysteriously Disappeared From Inboxes
-
Entertainment1 week agoSabrina Carpenter gives insight into her new music and viral debate over album cover
-
Tech1 week agoGear News of the Week: Apple’s iPhone Event Gets a Date, and Plaud Upgrades Its AI Note-Taker
-
Tech1 week agoWe’ve Rounded Up the 41 Best Labor Day Deals on Gear We’ve Tested
-
Fashion1 week agoUS’ Guess Q2 profit hits $6.2 mn, but margins shrink on costs
-
Tech1 week agoFEMA’s Chaotic Summer Has Gone From Bad to Worse
-
Tech6 days agoLatam-GPT: The Free, Open Source, and Collaborative AI of Latin America
-
Tech1 week ago3D-printed smart materials boost tactile sensor performance in wearable devices