ISLAMABAD (PEN) : Buying returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,100 points during the opening hours of trading on Thursday.
At 9:40am, the benchmark index was hovering at 121,629.44 level, an increase of 1163.51 points or 0.97%.
Buying was observed in key sectors including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks including HUBCO, PSO, WAFI, MARI, OGDC, PPL, MCB, MEBL, NBP and UBL traded in the green.
United States President Donald Trump on Wednesday said that he was “honoured” to meet Field Marshal Syed Asim Munir for talks at the White House — also marking the first time a US president has hosted army chief at the White House unaccompanied by senior civilian officials.
The lunch is being seen in Islamabad as a major diplomatic win, particularly because earlier this month, an Indian delegation met US Vice President JD Vance and Indian media depicted it as a diplomatic success, contrasting it with the apparent inability of the Pakistani delegation to secure a similar meeting.
Moreover, the Federal Reserve held interest rates steady on Wednesday and policymakers signalled borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation flowing from the Trump administration’s tariff plans.
