Business
PSX Recovers, KSE-100 Gains Over 400 Points
The Pakistan Stock Exchange (PSX) recovered during Tuesday’s trading session after incurring losses on the previous day.
The benchmark KSE-100 Index gained 412.79 points, or 0.23 percent, to close at 177,388.46 points.
The index began trading after completing the last session at 176,975.67 points. The KSE-100 during the present session touched the high and low of 177,800.28 points and 177,343.54 points respectively.
Trading activity has been strong with 93.97 million shares changing hands thus far.
The benchmark KSE-100 Index had turned bearish a day earlier, losing 720.83 points, or 0.41%, to settle at 176,975.68 points against 177,696.51 points recorded in the previous trading session.
Trading volume on the ready market climbed to 937.270 million shares on Monday from 658.327 million shares in the previous session. Traded value also rose to Rs39.134 billion from Rs31.454 billion.
The market capitalisation fell to Rs19.830 trillion on Monday from Rs19.885 trillion a day earlier.
Business
Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds
The world’s biggest cryptocurrency exchange, Binance, said it would restart withdrawals in phases, after it recovered 95% of the $6.3 billion in tokens taken from the site in the world’s greatest digital crime, which the FBI has linked to North Korea.
Binance said the phase will begin between 0600 and 0900 GMT on Sunday and will include bitcoin, ether, BNB, Solana, XRP, dogecoin and other tokens.
Binance tweeted on X late on Saturday that the other 5% of the stolen tokens are less liquid and may take longer to source in the proportions needed.
On Saturday, the FBI blamed the attack on a North Korea state-sponsored squad known as TraderTraitor.
Pyongyang has always denied deploying state-linked cyber teams for espionage, financial theft and profiteering. It did not respond to demands for comment from its Geneva mission and its embassy in China.
Law enforcement saw members of the unit turning stolen assets into the cryptocurrency ethereum, the FBI said in a statement, adding it anticipated “further laundering” of the assets using related technology.
Business
OGRA raises LPG price by Rs14.73 per kilogram for November
OGRA has announced Rs14.73 rise per kilogram in the price of liquefied petroleum gas (LPG) and the new price would be Rs294.73 per kilogram.
The hike has made an 11.8kg residential cylinder dearer by Rs173.86, from Rs3,296 to Rs3,470.
As to the announcement, the new LPG pricing would be effective from November 1, 2026.
The hike was due to a 6.47 per cent increase in the contract price of Saudi Aramco, Ogra said. The authorities has published a notification announcing the revised charges.
Business
Gold price falls by Rs10,800 per tola in Pakistan
Gold prices in Pakistan witnessed a steep drop, with 24-karat gold losing Rs10,800 per tola to Rs409,736.
The price of 10 grams of gold dropped to Rs351,282, down Rs9,259.
Gold dropped $108 per ounce to $3,872 on international markets.
The price of 24-karat silver also fell by Rs142 to Rs5,388 per tola.
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