Connect with us

Business

Pakistan Stock Exchange hits record high as share prices surge – SUCH TV

Published

on

Pakistan Stock Exchange hits record high as share prices surge – SUCH TV



Investors celebrated a “double boost” from a surge in remittances and a $1.2 billion inflow from the International Monetary Fund (IMF), driving share prices to an all-time high at the Pakistan Stock Exchange (PSX) on Wednesday.

During intraday trading, the PSX benchmark KSE-100 index gained 1,065.26 points, reaching a record 170,521.64, up 0.62 percent. Out of 560 companies traded, 309 saw their share prices rise, 120 declined, and 131 remained unchanged.

The IMF inflow includes nearly $1 billion under the Extended Fund Facility (EFF) and an additional $200 million through the Resilience and Sustainability Facility (RSF).

Workers’ remittances to Pakistan also maintained strong growth, totaling $3.2 billion in November 2025.

Cumulatively, from July to November FY26, remittances reached $16.1 billion, a 9.3 percent increase from $14.8 billion in the same period last year.

Key sources of remittances in November included Saudi Arabia ($753 million), the UAE ($675 million), the UK ($481.1 million), and the USA ($277.1 million).

Earlier, on Tuesday, the PSX had surged over 1,000 points, with the KSE-100 Index hitting an intraday high of 169,601 points and closing at 169,456, up 1,153 points for the day.

Buying activity was mainly observed in key sectors, including cement, commercial banks, fertilizers, oil and gas exploration companies, oil marketing companies (OMCs), power generation firms, and refineries.

Major stocks such as Hub Power Company (Hubco), Mari Petroleum, Oil and Gas Development Company (OGDC), Pakistan Oilfields (POL), Pakistan Petroleum Limited (PPL), MCB Bank, Meezan Bank, National Bank of Pakistan (NBP), and United Bank Limited (UBL) traded in the positive zone.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

JustEat and Autotrader among firms investigated in fake reviews probe

Published

on

JustEat and Autotrader among firms investigated in fake reviews probe



The UK’s competition watchdog says it is looking at five firms in its investigation into misleading online reviews.



Source link

Continue Reading

Business

Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India

Published

on

Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India


Gold futures traded higher on the Multi Commodity Exchange (MCX) on Friday with key contracts registering gains of up to 1.6 per cent amid firm buying interest and supportive global cues.The April 2026 gold contract rose by Rs 2,290, or 1.64 per cent, to trade at Rs 1,41,783 per 10 grams. The contract moved between an intraday low of Rs 1,40,287 and a high of Rs 1,42,800. The June 2026 contract, which saw higher trading activity, gained Rs 1,921, or 1.35 per cent, to Rs 1,44,435 per 10 grams. During the session, it touched a low of Rs 1,43,652 and a high of Rs 1,45,773. Meanwhile, the August 2026 contract advanced by Rs 1,480, or 1.02 per cent, to Rs 1,47,100 per 10 grams, with an intraday range of Rs 1,47,040 to Rs 1,48,600.Here is how gold prices stand across major cities today:

Gold price in Delhi today

Gold prices in the national capital declined, with 24K gold quoted at Rs 14,486 per gram, down Rs 218, while 22K gold slipped Rs 200 to Rs 13,280 per gram.

Gold price in Mumbai today

Mumbai bullion markets also saw a drop, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, lower by Rs 200.

Gold price in Chennai today

Chennai recorded a sharper decline, with 24K gold selling at Rs 14,651 per gram, down Rs 262, while 22K gold dropped Rs 240 to Rs 13,430 per gram.

Gold price in Kolkata today

In Kolkata, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold stood at Rs 13,265 per gram, lower by Rs 200.

Gold price in Hyderabad today

Hyderabad markets reflected a similar trend, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, slipping Rs 200.

Gold price in Bangalore today

In Bangalore, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold was selling at Rs 13,265 per gram, lower by Rs 200.

Gold price in Ahmedabad today

Ahmedabad bullion markets showed declines, with 24K gold at Rs 14,476 per gram, down Rs 218, while 22K gold fell Rs 200 to Rs 13,270 per gram.

Gold price in Lucknow today

In Lucknow, 24K gold was priced at Rs 14,486 per gram, down Rs 218, while 22K gold moved lower by Rs 200 to Rs 13,280 per gram.

Gold price in Patna today

Patna markets also recorded weaker rates, with 24K gold quoted at Rs 14,476 per gram, down Rs 218, and 22K gold at Rs 13,270 per gram, lower by Rs 200.

Gold price in Jaipur today

In Jaipur, 24K gold was quoted at Rs 14,486 per gram, down Rs 218, while 22K gold stood at Rs 13,280 per gram, down Rs 200.



Source link

Continue Reading

Business

Consumer confidence hit by ‘ripple of fear’ over Iran war

Published

on

Consumer confidence hit by ‘ripple of fear’ over Iran war



A key survey indicates growing doubt among shoppers over prospects for the UK economy in the next year.



Source link

Continue Reading

Trending