Business
Pakistan Stock Exchange Hits All-Time High as Shares Rally – SUCH TV
The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Wednesday, surpassing the 166,000-mark as economic and geopolitical developments continued to boost investor confidence.
By 10 am, the PSX benchmark KSE-100 Index had risen by 917.99 points, or 0.55%, reaching an all-time high of 166,411.57 points.
A total of 338 companies were active in trading, with 252 posting gains, 127 recording losses, and 19 remaining unchanged.
Analysts said the sustained upward trend reflects the trade and business community’s growing confidence in the government’s economic policies.
As the government enters a critical phase of negotiations with the IMF, market participants are optimistic that any progress on the review will further strengthen investor confidence.
However, concerns remain over the ongoing review and its potential impact on Pakistan’s fiscal stability, with some analysts warning that meeting the IMF’s targets will be a challenging task.
On Tuesday, the PSX had surged 1,645.90 points, marking a 1% gain and closing at 165,493.59 points.
Trading activity also increased, with 1,349,798,022 shares exchanged on Wednesday compared to 1,285,638,674 shares the previous day, while the total share value stood at Rs 76.77 billion, up from Rs 65.76 billion.
As many as 488 companies transacted their shares in the stock market, out of which 176 recorded gains, 288 sustained losses, whereas 24 remained unchanged.
The three top-trading companies were WorldCall Telecom with 113,573,124 shares at Rs 1.74 per share, Pak Elektron with 110,391,976 shares at Rs 56.68 per share, and Bank of Punjab with 94,026,621 shares at Rs 27.15 per share.
PIA Holding Company LimitedB witnessed a maximum increase of Rs 700.36 per share, closing at Rs 25,984.99, followed by Unilever Pakistan Foods Limited which rose by Rs 319.69 to close at Rs 30,820.00.
On the other hand, Rafhan Maize Products Company Limited recorded a maximum decrease of Rs 515.46 per share to close at Rs 10,283.67, followed by Pakistan Engineering Company Limited which declined by Rs 55.84 to close at Rs 524.52.
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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