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PSX sustains momentum, KSE-100 crosses 149,000 milestone | The Express Tribune

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PSX sustains momentum, KSE-100 crosses 149,000 milestone | 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 intraday trading. Analysts remarked that the bullish momentum from previous sessions continued, driven by strong institutional inflows, particularly in the 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 market momentum propelled the KSE-100 index to an intraday 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 on exports, cement dispatches, and rupee stability — drove the PSX to the record close, he noted.

Also ReadDG ISPR outlines ongoing rescue work in flood-hit zones

In its market review, Topline Securities remarked that the bullish momentum from previous sessions continued, driven by strong institutional inflows, particularly in the banking and cement sectors. According to a Topline analyst, cement sales are gaining momentum in August 2025, and earnings could exceed expectations.

This sustained optimism propelled the benchmark KSE-100 index to an intraday high of 150,323, up 2,127 points, before it closed at an all-time high of 149,771 — marking a net gain of 1,572 points, it said.

The rally was largely fuelled by index heavyweights including Bank AL Habib, UBL, Lucky Cement, Meezan Bank, and Engro Corporation, which collectively contributed 1,306 points to the index’s upward trajectory.

Overall trading volumes increased to 809.1 million shares, compared with Monday’s tally of 610.3 million. Traded value rose to Rs48.4 billion, as compared to Rs39.2 billion in the previous session.

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.



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Asia stocks fall for third day, oil edges up as markets track Iran war

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Asia stocks fall for third day, oil edges up as markets track Iran war



The conflict in the Middle East has rattled financial markets and global energy prices have soared.



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Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 4

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Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 4


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Petrol, Diesel Price On March 4: Check City-Wise Rates Across India Including In Delhi, Mumbai and Chennai.

Petrol, Diesel Prices On March 4.

Petrol, Diesel Prices On March 4.

Petrol and Diesel Prices on March 4, 2026: OMCs update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.

Petrol Diesel Price Today In India

Check city-wise petrol and diesel prices on March 4:

City Petrol (₹/L) Diesel (₹/L)
New Delhi 94.72 87.62
Mumbai 104.21 92.15
Kolkata 103.94 90.76
Chennai 100.75 92.34
Ahmedabad 94.49 90.17
Bengaluru 102.92 89.02
Hyderabad 107.46 95.70
Jaipur 104.72 90.21
Lucknow 94.69 87.80
Pune 104.04 90.57
Chandigarh 94.30 82.45
Indore 106.48 91.88
Patna 105.58 93.80
Surat 95.00 89.00
Nashik 95.50 89.50

Key Factors Behind Petrol and Diesel Rates

Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.

Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.

Key Factors Influencing Fuel Prices in India

  • Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.

  • Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.

  • Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.

  • Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.

  • Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.

How to Check Petrol and Diesel Prices via SMS

You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.

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Gold Prices: Gold retreats on strong dollar after four-day rally – The Times of India

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Gold Prices: Gold retreats on strong dollar after four-day rally – The Times of India


Gold slumped more than 5%, ending a four-day rally on Tuesday. The metal was weighed down by a stronger dollar and fading prospects of an interest rate cut as inflation concerns intensified against the backdrop of a potentially prolonged conflict in West Asia. Spot gold was down 5.6% at $5,029.59 an ounce whereas prices had hit an over four-week high in the previous session. US gold futures lost 5.1% to $5,041.50.The US dollar, a competing safe-haven asset, rose to an over one-month peak, making dollar-priced bullion less affordable for holders of other currencies. US Treasury yields rose for a second consecutive session.Indian bullion traders and associations are speculating that gold could attain Rs 2 lakh per 10 gm and silver may well scale Rs 3.5 lakh per kg if the conflict does not abate swiftly.Spot silver fell 11.2% to $79.42 an ounce after climbing to a more than four-week high on Monday. As the Iran conflict entered its fourth day, crude oil benchmarks jumped over 8% in response.



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