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Pakistan Stock Exchange 100-index surges past 165,000 – SUCH TV
The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Tuesday, crossing the 165,000-point mark amid improving market sentiment, supported by the Asian Development Bank’s (ADB) positive economic outlook despite challenges posed by recent floods.
Later in the session, profit-taking trimmed a few hundred points amid brisk trading.
At 10:40 am, the PSX’s benchmark KSE-100 index rose 880.09 points to reach 164,727.77, a gain of 0.53 percent.
So far, 441 companies were active in the stock market; 222 recorded gains, 201 posted losses, while 18 remained unchanged.
According to the Asian Development Outlook (ADO) September 2025, Pakistan’s growth is expected to continue in the medium term, with real GDP projected at 3.0% in FY2026, as macroeconomic stability strengthens through sustained reforms addressing structural vulnerabilities.
The report acknowledged significant progress in economic reforms under the IMF Extended Fund Facility arrangement, which began in October 2024.
It emphasized that policy consistency and climate resilience remain crucial for maintaining growth momentum, though downside risks to the outlook remain high.
On Monday, the PSX had gained 1,590.68 points (0.98%), closing at 163,847.69 points.
A total of 1,285,638,674 shares valuing Rs.65.768 billion were traded during the day as compared to 1,714,917,163 shares valuing Rs.70.744 billion on the last trading day.
As many as 482 companies transacted their shares in the stock market; 235 recorded gains and 216 sustained losses, whereas the share prices of 31 remained unchanged.
The three top trading companies were WorldCall Telecom with 118,937,336 shares at Rs.1.82 per share, followed by K-Electric Limited with 78,201,486 shares at Rs.7.15 per share, and Hascol Petrol with 63,522,783 shares at Rs.13.67 per share.
The top gainers were Rafhan Maize Products Company Limited, share prices of which increased by Rs293.03 to close at Rs10,799.13, and Sapphire Fiber Limited, which rose by Rs115.43 to close at Rs1,269.70.
The major losers were Unilever Pakistan Foods Limited, which declined by Rs1,807.70 to close at Rs30,500.31, and PIA Holding Company LimitedB, which fell by Rs1,404.97 to close at Rs25,284.63.
At a meeting of the local authority’s executive on Tuesday, MacBeath said the scheme aimed to move beyond emergency aid by helping families become more financially “resilient”, offering advice on managing money, accessing benefits, reducing debt and finding work.
People with lower incomes benefitted less from the house-buying scheme than those with high incomes, the influential think tank says.
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Lucid electric vehicles are seen at the New York International Auto Show on April 2, 2026.
Danielle DeVries | CNBC
Lucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive.
Silvio Napoli, who spent nearly 31 years at Schindler, is set to become the all-electric vehicle maker’s second CEO following the abrupt departure of Lucid founder Peter Rawlinson in February 2025.
Interim CEO Marc Winterhoff will remain with the company as its chief operating officer once Napoli takes the reins, according to Lucid. A company spokesman said Napoli is expected to begin as CEO in the coming weeks, pending completion of his relocation from Switzerland and U.S. visa process.
Shares of Lucid fell roughly 5% in midday trading, as the company also announced expanded investments Tuesday of $750 million from an affiliate of Saudi Arabia’s Public Investment Fund — its largest shareholder — and Uber Technologies.
The latter is an expansion of a previously announced tie-up with Uber that includes the ride-hailing company investing another $200 million in Lucid. Uber has also agreed to purchase at least 35,000 Lucid vehicles designed exclusively for use as part of Uber’s future global robotaxi service. That’s up from $300 million and 20,00 vehicles announced in July.
The PIF-backed investment is $550 million, according to Lucid.
Napoli, who also serves on the board of American-Irish multinational power management company Eaton Corp., has not previously led an auto company before, while Rawlinson and Winterhoff are automotive veterans.
The company said Napoli’s “deep operational expertise, financial discipline and track record of leadership in innovation” would position Lucid for its future growth plans, including upcoming midsize EVs and new autonomy initiatives.
“His expertise in capital allocation, operational efficiency and translating advanced technology into consistent high-quality performance over time will be critical as Lucid continues to scale and execute its strategy,” Lucid Chairman Turqi Alnowaiser said in a statement.
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