PSX ends week up 0.21% but stalls below 178,000
Pakistan Stock Exchange gained 0.21 percent this week but stayed capped below 178,000, with September's IMF review looming.
Pakistan Stock Exchange gained 0.21 percent this week but stayed capped below 178,000, with September's IMF review looming.
Pakistan is on track to meet most IMF targets, boosting hopes for a smooth review and unlocking around $1.2 billion in funding.
Gold prices remained unchanged at Rs483,036 per tola in Pakistan, while silver gained and investors awaited Federal Reserve signals.
Pakistan's weekly inflation rose as higher LPG, fuel and electricity prices offset cheaper vegetables, chicken and other food items.
KSE-100 recovered from an early dip to trade 397 points higher by midday, led by refinery and chemical stocks.
Gold price in Pakistan fell Rs3,500 per tola on Thursday, while silver gained Rs50 amid mixed international precious metals trends.
Pakistan is considering a uniform gas tariff with targeted relief for vulnerable consumers as part of wider sector reforms.
PSX opened strong Thursday as the KSE 100 jumped over 1,000 points, led by banks, energy, and cement stocks.
A Saudi delegation explored investment opportunities in Pakistan, holding talks on key sectors and future partnerships through SIFC.