Business
PSX ends losing streak, gains nearly 500 points | The Express Tribune
Foreign funds would divert their liquidity into buying Pakistan’s stocks. This would merely increases prices of shares and be profitable for those who already hold stocks. PHOTO: FILE
KARACHI:
The Pakistan Stock Exchange (PSX) turned positive on Friday after three consecutive days of losses as the benchmark KSE-100 index rose nearly 500 points, driven by remittance data released by the State Bank of Pakistan.
In October 2025, the remittances from expatriate Pakistani workers abroad reached $3.4 billion, higher by 7.4% month-on-month (MoM) and 11.9% year-on-year (YoY).
At the commencement of trading in the morning, the stock market remained positive and after a couple of dips, it rose significantly by midday. Following the Friday break, the index advanced to the intra-day high of 160,436 points. Afterwards, investors resorted to profit-taking at higher levels, bringing the market down from highs.
At close, the KSE-100 index recorded a modest increase of 496.11 points, or 0.31%, and settled at 159,592.90.
Topline Securities, in its market review, said that after a few consecutive negative trading sessions, some recovery was observed on Friday as the KSE-100 index largely traded in the positive zone. It closed at 159,593 points, up 0.31%.
“This positivity can be attributed to remittance numbers for October 2025, which came in at $3.42 billion, up 12% YoY and 7% MoM,” it said.
Top positive contribution to the index came from Mari Energies, UBL, Meezan Bank, Pakistan Petroleum, NBP and MCB Bank as they cumulatively contributed 474 points.
Traded value-wise, Attock Refinery (Rs1.86 billion), Mari Energies (Rs1.57 billion), NBP (Rs1.4 billion), Hubco (Rs1.25 billion) and The Bank of Punjab (Rs819 million) dominated the activity. Traded volume and value for the day stood at 769 million shares and Rs30.7 billion, respectively, Topline added.
Overall industry dispatches in FY25 remained largely flat at 38 million tons as weaker demand in the south offset stable volumes in the north, AHL said.
Overall trading volumes at the PSX decreased to 768.8 million shares compared with the previous tally of 957.3 million. The traded value of shares stood at Rs30.7 billion.
Shares of 479 companies were traded on the ready market, out of which 228 closed higher, 203 declined and 48 remained unchanged.
First National Equities led the volumes chart with trading in 85.9 million shares, losing Rs1.04 to close at Rs19.29. It was followed by Bank Makramah with 78.1 million shares, rising Rs0.11 to close at Rs5.61 and Pace Pakistan with 47.5 million shares, gaining Rs0.72 to close at Rs29.11. Foreign investors were sellers of shares worth Rs594.5 million, according to the NCCPL.
Business
BSE Places RRP Semiconductors, 8 Others In Weekly Trading Basket With Surveillance Measures
New Delhi: Bombay Stock Exchange (BSE) has imposed a new weekly trading surveillance measure on nine stocks, including RRP Semiconductors, to address excessive volatility following unusual price movements in the stocks.
The exchange announced that starting November 10, 2025, new measures will apply to companies exclusively listed on BSE under specific groups, that trade above Rs 100, have a 2 per cent price band, and possess a price/earnings (PE) ratio greater than 500 or negative, and that have reached the upper price band for two consecutive weeks.
“In continuation of our endeavour to maintain market integrity and curb excessive price movement in securities listed exclusively on the BSE trading platform, a need has been felt to further strengthen the extant surveillance measures,” the exchange said in a statement.
BSE included nine stocks in this measure including, Citizen Infoline, Colab Platforms, Dugar Housing Developments, EMA India, Mardia Samyoung Capillary Tubes Company, Omansh Enterprises, Oswal Overseas, RRP Defense and RRP Semiconductor.
Securities placed under this measure can only trade once a week, either on Monday or the first trading day of the week, within a 1 per cent price band. BSE announced that identification of stocks will occur weekly on Fridays or the last trading day of the week, with quarterly reviews for exiting the framework and with a minimum one-month retention.
BSE also said that the new framework will be in addition to all other prevailing surveillance measures being imposed by the exchanges from time to time. The exchange also clarified that “the shortlisting of securities under this framework is purely on account of market surveillance, and should not be construed as an adverse action against the concerned company.”
Business
PhysicsWallah IPO: Think Investments Buys Rs 136 Crore Stake Ahead Of Issue Opening On November 11
Last Updated:
Think Investments invested Rs 136 crore in PhysicsWallah ahead of its Rs 3,480-crore IPO.
PhysicsWallah IPO will open on November 11 and conclude on November 13.
Global investment firm Think Investments has invested a little over Rs 136 crore in edtech unicorn PhysicsWallah as part of a pre-IPO funding round.
The fresh infusion comes as the company gears up for its upcoming initial public offering (IPO) next week.
As part of the transaction, Think Investments picked up 1.07 crore equity shares, amounting to 0.37 per cent stake in PhysicsWallah from 14 employees of the edtech firm.
The shares were bought at Rs 127 per piece, which is 17 per cent above the issue price. This translates into a transaction size of Rs 136.17 crore.
“Pursuant to share purchase agreement dated November 3 read with the amendment letter dated November 3, 2025 entered into, 14 employees of the company have transferred an aggregate of 10,722,708 equity shares… to Think India Opportunities Master Fund LP on November 4, for an aggregate consideration of Rs 136.17 crore,” PhysicsWallah said in a public announcement.
Think Investments is a USD 4 billion global investment firm, focusing on backing technology-driven early-stage businesses. In India, Think Investments has built a diverse portfolio with investments in some of the prominent companies, including Swiggy, FirstCry, Urban Company, PharmEasy, Experian, Spinny, NSE, Star Health, Meesho, Rapido, Chaayos, and Dream11.
PhysicsWallah is preparing to launch its Rs 3,480-crore initial public offering (IPO), opening on November 11. The firm has fixed a price band of Rs 103-109 per share, targeting a valuation of over Rs 31,500 crore at the upper end.
The IPO includes a fresh issue of Rs 3,100 crore and an offer-for-sale (OFS) of Rs 380 crore by co-founders and promoters Alakh Pandey and Prateek Maheshwari.
Together, the promoters currently hold 80.62 per cent of the company, which will reduce to 72 per cent post-IPO. Notably, none of the early investors will sell their stakes in this offering.
The issue will close on November 13, with anchor investor allocation scheduled for November 10.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 08, 2025, 13:19 IST
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In 2006-07, a 1 percent withholding tax was imposed on commercial imports of gold in the country. Photo: Express News
After a two-day break, gold prices fell in both international and local bullion markets on Saturday.
In the international market, the price of gold declined by $6 per ounce to $4,001. Following the global trend, local gold prices also dipped, with the price of 24-karat gold decreasing by Rs600 per tola to Rs422,462.
The price of 10 grams of gold fell by Rs514, settling at Rs362,193.
Similarly, silver prices also saw a decline. The price of silver per tola dropped by Rs18 to Rs5,094, while the price of 10 grams decreased by Rs15 to Rs4,367.
Read: Gold rebounds to record high as global prices climb
In global trading, spot gold was up 0.7% at $4,005.21 per ounce as of 3:15pm ET (2015 GMT). US gold futures for December delivery gained 0.5% to settle at $4,009.80 per ounce.
Elsewhere, spot silver climbed 0.9% to $48.41 per ounce. Platinum edged up 0.1% to $1,543.00, and palladium rose 1.5% to $1,395.49. Despite the modest rebound, all three metals recorded weekly losses.
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