Business
PSX breaks 150k barrier, hits another record | The Express Tribune
KARACHI:
The Pakistan Stock Exchange (PSX) soared past another record on Tuesday, breaking the 150,000 mark for the first time ever during intra-day trading.
Analysts remarked that bullish momentum from previous sessions continued, driven by strong institutional inflows, particularly in banking and cement sectors. Additionally, investor sentiment was bolstered by a positive economic outlook from both Fitch and Moody’s and the government’s attempts to settle the circular debt.
The sustained momentum propelled the KSE-100 index to the intra-day high of 150,323, before it closed at 149,770.75, an increase of 1,574.32 points, or 1.06%.
According to Ahsan Mehanti of Arif Habib Corp, stocks closed at an all-time high as investors weighed Fitch and Moody’s robust economic outlook, with Fitch projecting growth of 3.5% for FY27. Additionally, the government’s plans to cut Rs2.6 trillion worth of circular debt alongside upbeat data of exports, cement dispatches and rupee stability drove the PSX to the record close, he noted.
At the end of trading, the benchmark KSE-100 index recorded an increase of 1,574.32 points, or 1.06%, and settled at 149,770.75.
In its market review, Topline Securities remarked that the bullish momentum from previous sessions continued, driven by strong institutional inflows, particularly in banking and cement sectors. According to a Topline analyst, cement sales are gaining momentum in August and earnings could exceed expectations.
The sustained optimism propelled the benchmark KSE-100 index to intra-day high of 150,323, up 2,127 points, before it closed at an all-time high of 149,771, marking a net gain of 1,574 points, it said.
The rally was largely fuelled by index heavyweights including Bank AL Habib, UBL, Lucky Cement, Meezan Bank and Engro Corporation, which contributed 1,306 points to the index’s upward trajectory.
In its commentary, Arif Habib Limited (AHL) stated that the KSE-100 witnessed another strong session, with the index unlocking 150,000 points intra-day. Some 60 shares rose while 40 fell, with Bank AL Habib (+10%), Lucky Cement (+4.13%) and Meezan Bank (+3.63%) contributing the most to index gains.
On the flip side, Fauji Fertiliser Company (-0.75%), Oil and Gas Development Company (-1.58%) and Hub Power (-1.38%) were the biggest drags, it said.
Systems Limited (-1.51%) announced its 1HCY25 earnings per share (EPS) of Rs3.52, an increase of 59%, which was in line with expectations. The increase was primarily driven by higher technology services’ exports and improved gross margins, AHL noted.
Additionally, Pakistan State Oil (PSO) reported FY25 EPS of Rs45.11, an increase of 33% year-on-year, and dividend per share of Rs10, which was also in line with expectations.
Kot Addu Power Co and Fauji Foundation jointly submitted an offer to Pharaon Investment to buy its 84.06% stake in Attock Cement (-1.48%). Moreover, Oil and Gas Development Company (-1.58%) and Pakistan Petroleum (-1.57%), in separate meetings, approved an increase in pro rata funding commitment, including the project cost to $715 million.
“Near term support rises to 147,500-148,300 points, against which immediate gains are anticipated to continue,” AHL concluded.
AHL Deputy Head of Trading Ali Najib remarked that the KSE-100 index sustained its bullish streak, briefly unlocking the 150k milestone intra-day before closing the session higher, reflecting renewed investor optimism. Macro developments also lent support as Fitch’s improved outlook on Pakistan’s banking sector boosted sentiment, citing stronger capital buffers, improving credit growth potential and a healthier macro backdrop, he stated.
Overall trading volumes increased to 809.1 million shares compared with Monday’s tally of 610.3 million. Traded value stood at Rs48.4 billion. Shares of 483 companies were traded. Of these, 265 stocks closed higher, 194 dropped and 24 remained unchanged.
WorldCall Telecom was the volume leader with trading in 52.3 million shares, gaining Rs0.05 to close at Rs1.45. It was followed by The Bank of Punjab with 46.1 million shares, gaining Rs0.33 to close at Rs14.76 and Fauji Cement with 43.7 million shares, gaining Rs2.98 to close at Rs53.48. Foreign investors sold shares worth Rs488 million, the National Clearing Company reported.
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
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