Buying rally continued at the Pakistan Stock Exchange (PSX) as strong corporate results boosted confidence and attracted robust investor participation, with the benchmark KSE-100 Index settling at a new high on Tuesday.
Buying momentum persisted through most of the trading session, pushing the index to an intra-day high of 157,088.80.
At close, the benchmark index settled at 156,563.52, an increase of 476.22 points or 0.31%.
In a key development, Pakistan and the United States (US) signed a memorandum of understanding (MoU) worth $500 million to strengthen cooperation in the critical minerals sector, marking a step toward deeper economic and strategic engagement between the two countries.
The MoU was signed between US Strategic Metals (USSM) and Pakistan’s Frontier Works Organisation (FWO) at the Prime Minister’s House on Monday.
Moreover, the inflow of overseas workers’ remittances into Pakistan stood at $3.1 billion in August 2025, the State Bank of Pakistan (SBP) data showed on Monday.
On Monday, PSX opened the week on a powerful bullish wave, surging to an all-time closing high as the benchmark KSE-100 index surged by 1,810 points, or 1.17%, to finish the session at 156,087.31.
Internationally, Asian stocks rose on Tuesday, buoyed by expectations of a US rate cut as early as next week, even as political upheavals around the world kept currency and bond investors on edge.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2% in early trade, taking its cue from Wall Street’s positive lead overnight that saw the Nasdaq notch a record-high close.
Nasdaq futures extended the rally from the cash session and were last up 0.06%, while S&P 500 futures similarly ticked up 0.05%.
Breathing new life into the equities rally were expectations that the Federal Reserve would ease rates when it meets next week, following Friday’s dismal US jobs report.
While consumer and producer price inflation data remain on deck in the week ahead, investors are betting that a 25-basis-point cut this month is a done deal, with focus now on whether the Fed could deliver a larger 50bps move.
Meanwhile, the Pakistani rupee maintained its positive momentum against the US dollar in the inter-bank market on Tuesday. At close, the rupee settled at 281.61, a gain of Re0.01 against the greenback. This was the rupee’s 23rd successive gain against the greenback.
Buying rally continued at the Pakistan Stock Exchange (PSX) as strong corporate results boosted confidence and attracted robust investor participation, with the benchmark KSE-100 Index settling at a new high on Tuesday.
Buying momentum persisted through most of the trading session, pushing the index to an intra-day high of 157,088.80.
At close, the benchmark index settled at 156,563.52, an increase of 476.22 points or 0.31%.
In a key development, Pakistan and the United States (US) signed a memorandum of understanding (MoU) worth $500 million to strengthen cooperation in the critical minerals sector, marking a step toward deeper economic and strategic engagement between the two countries.
The MoU was signed between US Strategic Metals (USSM) and Pakistan’s Frontier Works Organisation (FWO) at the Prime Minister’s House on Monday.
Moreover, the inflow of overseas workers’ remittances into Pakistan stood at $3.1 billion in August 2025, the State Bank of Pakistan (SBP) data showed on Monday.
On Monday, PSX opened the week on a powerful bullish wave, surging to an all-time closing high as the benchmark KSE-100 index surged by 1,810 points, or 1.17%, to finish the session at 156,087.31.
Internationally, Asian stocks rose on Tuesday, buoyed by expectations of a US rate cut as early as next week, even as political upheavals around the world kept currency and bond investors on edge.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2% in early trade, taking its cue from Wall Street’s positive lead overnight that saw the Nasdaq notch a record-high close.
Nasdaq futures extended the rally from the cash session and were last up 0.06%, while S&P 500 futures similarly ticked up 0.05%.
Breathing new life into the equities rally were expectations that the Federal Reserve would ease rates when it meets next week, following Friday’s dismal US jobs report.
While consumer and producer price inflation data remain on deck in the week ahead, investors are betting that a 25-basis-point cut this month is a done deal, with focus now on whether the Fed could deliver a larger 50bps move.
Meanwhile, the Pakistani rupee maintained its positive momentum against the US dollar in the inter-bank market on Tuesday. At close, the rupee settled at 281.61, a gain of Re0.01 against the greenback. This was the rupee’s 23rd successive gain against the greenback.
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