Business
PSX has a significant increase when the KSE-100 index surpasses the 186,000 threshold.
The Pakistan stock market began the new trading week on a positive note as the KSE-100 Index, the benchmark index, crossed the 186,000 points mark after gaining over 1,100 points in early trade.
The benchmark index opened Monday’s session up more than 1,100 points at 186,868, indicating ongoing bullish momentum in the market.
The rally extended the bullish trend seen in recent sessions, with investors continuing to show strong purchasing activity at the opening of trade.
The KSE-100 Index had completed the previous trading week at 185,910 points, so Monday’s early gains were a continuation of the market’s upward trajectory.
Asian share markets stuttered on Monday as caution took hold before of a major earnings season for the AI industry, while the likelihood for additional supply knocked on oil prices and promised relief from inflationary pressures, Reuters reported.
There were no significant advancements in the acrimonious U.S.-Iran peace talks, but ships are flowing through the Strait of Hormuz with 160 vessels recorded going through from Monday to Saturday last week.
South Korea’s red-hot market cooled a tad last week but is still up 90% year-to-date as AI demand and tight supplies raise chip prices. The index was down 0.8% Monday. Japan’s Nikkei lost 0.4%.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.2%, while Chinese blue chips were flat.
In Europe, EUROSTOXX 50 futures declined 0.1%, and DAX and FTSE futures were unchanged. S&P 500 futures climbed 0.2% and Nasdaq futures gained 0.7% after a 2.1% advance last week.The Pakistan stock market entered the new trading week on a positive note on Monday as the benchmark KSE-100 Index crossed the 186,000-point level after gaining over 1,100 points during early trading.
The benchmark index opened Monday’s session up more than 1,100 points at 186,868, indicating ongoing bullish momentum in the market.
The rally extended the bullish trend seen in recent sessions, with investors continuing to show strong purchasing activity at the opening of trade.
The KSE-100 Index had completed the previous trading week at 185,910 points, so Monday’s early gains were a continuation of the market’s upward trajectory.
Asian share markets stuttered on Monday as caution took hold before of a major earnings season for the AI industry, while the likelihood for additional supply knocked on oil prices and promised relief from inflationary pressures, Reuters reported.
There were no significant advancements in the acrimonious U.S.-Iran peace talks, but ships are flowing through the Strait of Hormuz with 160 vessels recorded going through from Monday to Saturday last week.
South Korea’s red-hot market cooled a tad last week but is still up 90% year-to-date as AI demand and tight supplies raise chip prices. The index was down 0.8% Monday. Japan’s Nikkei lost 0.4%.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.2%, while Chinese blue chips were flat.
In Europe, EUROSTOXX 50 futures declined 0.1%, and DAX and FTSE futures were unchanged. S&P 500 futures climbed 0.2% while Nasdaq futures rose 0.7% after a 2.1% increase last week.
Jet fuel prices have once again increased in the country, along with the price of kerosene oil.
The price of jet fuel has been increased by Rs9.05 per litre, while kerosene oil has become Rs7.68 per litre more expensive.
Following the increase, the new price of jet fuel has been fixed at Rs355.52 per litre, while kerosene oil will now cost Rs329.54 per litre.
Meanwhile, according to a notification issued by the Petroleum Division, the price of petrol has also been increased by Rs2.10 per litre, taking its new price to Rs392.76 per litre.
The religious affairs ministry stated late Friday that the federal government has fixed October 20 as the deadline for intending pilgrims selected under the government Hajj system to deposit the second installment of their pilgrimage dues.
ISLAMABAD: Pakistan has set aside 107,526 slots for the government plan, including 30,000 for a shorter package, and another 71,696 slots have been granted to the private scheme for next year’s Hajj.
The country on Aug. 25 completed online booking of all tickets in the government Hajj scheme, the first time the whole quota has been filled through a digital reservation system.
The ministry of religious affairs said in a statement on Friday that the applications of pilgrims for next year’s Hajj will be cancelled if they did not pay by the deadline.
“The dates for depositing the second installment of dues for Hajj pilgrims under the government scheme have been fixed from 5 October to 20 October, 2026,” the ministry said.
“If the second installment is not deposited within the deadline, then the Ministry said the pilgrim’s application will be cancelled and the amount deposited earlier will be refunded to the pilgrim’s account,” the Ministry said.
Under the government arrangement, pilgrims can pay the second payment of Hajj dues through the ‘Pak Hajj App’ or digital Hajj site within the stipulated deadline.
The government said that submitting the Hajj medical fitness certificate on the ‘Pak Hajj’ app or the digital Hajj portal was essential before depositing the second installment.
This year the government announced that pilgrims will pay Rs1.2 million ($4,334) for a 40-day Hajj package and Rs1.3 million ($4,695) for a shorter, 20- to 25-day package under the government system.
The first installment of dues for seats under the shorter government package was paid within 24 hours of the process starting on Aug 18 and the rest of the seats under the plan were booked by Aug 25.
– Petrol and diesel prices have been increased once again under the latest fuel-price revision.
The revised prices will take effect from October 3, 2026.
According to a notification issued by the Petroleum Division, the price of petrol has been increased by Rs2.10 per litre. Following the latest increase, petrol will now cost Rs392.76 per litre.
The price of high-speed diesel has also been raised by 30 paisa per litre, taking its new rate to Rs399.64 per litre.
The Petroleum Division said the announced rates are linked to movements in international petrol and diesel prices.
According to the notification, changes in the global market, Platts rates, premiums and other associated costs were taken into account when determining the revised prices.
Maryam inaugurates 5 road projects under Punjab PPP Authority
Jet fuel price rises by Rs9.05 per litre in Pakistan
Govt sets deadline of 20th Oct for pilgrims to pay 2nd Hajj installment
ICC board meeting in India: Mohsin Naqvi gets invitation
23 people have died during the monsoon as rain-related incidents plague Punjab and KP.
‘Self-Reliance in Digital ID’: NADRA launches locally produced QR code-based National Identity Card
-
Latest News5 months agoICC board meeting in India: Mohsin Naqvi gets invitation
-
Latest News2 months ago23 people have died during the monsoon as rain-related incidents plague Punjab and KP.
-
Latest News2 months ago‘Self-Reliance in Digital ID’: NADRA launches locally produced QR code-based National Identity Card
-
Business3 months agoGovt dedicated to resolving Balochistan issues: Dar
-
Latest News2 months agoPakistan making rapid progress in robotics, AI: Shaza Fatima
-
Latest News1 month agoTurkish FM, Dar discuss regional trends, bilateral connections
-
Entertainment5 months agoInterim bail given to YouTuber Rajab Butt in gambling app marketing case
-
Latest News2 months agoAfter a divorce, LHC decides that women who have been harmed by their spouses get their dower.