Business
PSX hits all-time high as KSE-100 jumps 860 points | The Express Tribune
Buying from local mutual funds plays key role in supporting the market’s upward trend
The Pakistan Stock Exchange (PSX) stretched its positive momentum on Tuesday, with the benchmark KSE-100 index rising by 860 points, or 0.46%, to close at an all-time high of 188,621.78 on the back of improved investor sentiment.
The market remained active throughout the session, supported by sustained buying interest. However, trading was marked by volatility, as the index moved between an intraday high of 188,958.38 and a low of 187,192.02. Despite intermittent profit-taking, the index managed to hold gains and finish in positive territory.
Market sentiment remained constructive, underpinned by easing geopolitical concerns, improving macroeconomic indicators, and expectations of a potential policy rate cut. Buying from local mutual funds, as reflected in recent flow data, played a key role in supporting the market’s upward trend.
Market Snapshot – January 20th, 2026
Unlock today’s market moves and stay one step ahead.
Here’s what’s making waves:
• ETFs (Exchange Traded Funds): Most active in today’s market
Market Indices – At a Glance:
• KSE-100: Pullers & Draggers
• KMI-30: Pullers & Draggers pic.twitter.com/53hoBfCTED— PSX (@pakstockexgltd) January 20, 2026
Overall, investor participation stayed firm, with selective institutional interest helping the market absorb deep swings and close higher.
KTrade Securities wrote in its market wrap that the PSX extended its bullish momentum during today’s trading session. Market participation improved, with all-share traded volumes rising 2.3% DoD to 1,226 million shares.
Select stocks drew interest on the back of recent corporate developments, including exploration updates in the E&P space and new launches in autos, while broader participation reflected a renewed inclination toward blue-chip stocks.
Heavy stocks such as Engro Holdings, Pakistan Petroleum, Sazgar Engineering, Oil and Gas Development Company and Pakistan State Oil collectively added 661 points to the index. Going forward, the market remains sensitive to external developments, and any renewed geopolitical escalation could introduce near-term volatility, KTrade predicted.
Overall trading volume increased to 1.225 billion compared with Monday’s figure of 1.19b. Value of traded shares stood at Rs63.8b. Shares of 487 companies were traded. Of these, 340 rose, 213 declined and 34 remained unchanged. Hascol Petroleum was the volume leader, with trading in 113m shares, rising Rs2.5 to close at Rs27.47.
Mumbai: Warburg Pincus-backed housing finance company Truhome Finance ( formerly Shriram Housing) has filed draft papers with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.The IPO will comprise a fresh issue of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore and an offer for sale of equity shares of face value Rs 10 aggregating up to Rs 1,500 crore, according to the draft red herring prospectus filed with SEBI. The offer for sale will be undertaken by promoter selling shareholder Mango Crest Investment, which plans to offload shares worth up to Rs 1,500 crore.Truhome Finance plans to use the net proceeds from the fresh issue to augment its capital base to support future capital requirements, including onward lending and general corporate purposes. The funds will also help the company comply with RBI’s capital adequacy norms as its business expands.The company said the proceeds are expected to be deployed over the financial years ending March 31, 2027 and March 31, 2028.JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company are the book running lead managers to the issue.Warburg Pincus completed its acquisition of Shriram Housing Finance (SHFL) from Shriram Finance and other sellers in December 2024 for approximately Rs 4,630 crore, marking a strategic shift in India’s housing finance sector.
Business
Ticketmaster parent Live Nation reaches settlement with Department of Justice over antitrust concerns
Signs are seen at the Live Nation NYC headquarters on May 23, 2024 in New York City.
Michael M. Santiago | Getty Images
Live Nation Entertainment has reached a settlement with the Department of Justice over antitrust concerns surrounding its Ticketmaster platform, a senior DOJ official said Monday.
The settlement would see Ticketmaster unwind some of its exclusivity agreements with musical artists and open up the ticketing industry to greater competition. It still needs approval by more than 20 states that had filed suit and by the court.
As part of the settlement, Ticketmaster will offer a standalone third-party ticketing system for other companies like SeatGeek to use its technology. Live Nation has also agreed to divest at least 13 of its amphitheaters and will no longer be able to require artists to use other Live Nation products tied to its venues. It has also agreed to pay roughly $280 million in civil penalties.
Shares of Live Nation rose 5% in morning trading. Live Nation and Ticketmaster did not immediately respond to requests for comment.
Ticketmaster has long faced criticism that its dominance in the live events and ticketing space pushes up prices for consumers. The company has come under heightened scrutiny in recent years from fans who argue that it’s become harder and pricier to snag coveted event tickets.
In 2022, the backlash boiled over when the rollout of tickets for Taylor Swift’s Eras Tour was mishandled, leading to a probe of the company. And in 2024, the DOJ — along with more than two dozen states — sued to break up Live Nation and Ticketmaster, which merged in 2010.
In September, Live Nation was separately sued by the Federal Trade Commission over what the agency called “illegal” ticket resale tactics. The FTC said Ticketmaster controls roughly 80% of major concert venues’ ticketing.
In a Monday statement, New York Attorney General Letitia James said her office would continue to fight against Live Nation’s alleged monopoly even after its agreement with the DOJ.
“The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers. We cannot agree to it,” said James, who is joined by the attorneys general of more than 20 other states.
The conflict in the Middle East could raise the cost of petrol, household energy bills and even food.
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