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PSX jumps almost 2000 points amid budget anticipation

KARACHI: Trading at the Pakistan Stock Exchange (PSX) jumped almost 2,000 points before suspension on account of Friday prayers, as investors braced for Finance Minister Senator Muhammad Aurangzeb’s presentation of the federal budget for FY2026-27 later in the day. The benchmark Index climbed significantly to 171,659.29 points, reflecting positive investor sentiment. The market registered a…

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PSX remains below 170,000 ahead of budget

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. PHOTO: REUTERS KARACHI: Pakistan Stock Exchange (PSX) on Thursday ended marginally higher as selective buying in banking and energy stocks helped the benchmark KSE-100 index recover 276 points ahead of the federal budget announcement. At the close…

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President Zardari approves bill, completes legal requirement for PIA privatisation

Bill was passed by Senate on June 10 this year, subsequently approved by National Assembly on June 11 President Asif Ali Zardari on Friday gave his assent to the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, completing a key legal requirement for the privatisation of Pakistan International Airlines Company Limited (PIACL). According to a…

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Pakistan Army team secures first place at International Pacesticking Competition 2026 in UK

Total of 16 international teams from different armies participated in annual event, military’s media wing says Pakistan Army team, represented by the Pakistan Military Academy (PMA), secured first place at the International Pacesticking Competition 2026 held at the Royal Military Academy (RMA) Sandhurst, United Kingdom (UK), the military’s media wing said on Friday. According to…

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Record stock rally masks weak capital raising

KSE-100 surges 18.2% but only Rs16b raised via IPOs; analysts warn of limited fresh funds KARACHI: Pakistan’s capital markets posted strong gains during the first nine months of FY2026, with the benchmark KSE-100 index surging 18.2% to 148,743 points by the end of March, according to the Pakistan Economic Survey 2025-26 unveiled by Finance Minister…

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