Business
PSX stages rebound, KSE-100 index jumps 500 points
The Pakistan Stock Exchange (PSX) opened on a strong note on Tuesday, with benchmark KSE-100 Index gaining almost 500 points in early trading.
The index advanced 170,944 points, a big upside rise at the start of the second trading session of the week.
The current increase comes after a worse end in the previous session, when the KSE-100 Index dipped 339 points to conclude at 170,425 points.
Early session gains point to a return of buying interest in the market but trading conditions could change as the session wears on.
Business
PSX gains over 400 points at opening
— The Pakistan Stock Exchange (PSX) kicked off on a bullish note on Tuesday with the benchmark KSE-100 Index rising more than 400 points in early trade.
The index rose to 166,425 points at the start of the second trading session of the business week, indicating better market performance.
The KSE-100 Index closed down 453 points at 165,966 points in the last trading session.
The benchmark index turned positive during early trading after falling in the previous session. The latest gains were made as the benchmark index went into positive territory during early trading.
Business
Dollar firmer, euro weakens as French protests turn violent
The dollar rose from near its lowest levels of the month at the start of trading in Asia on Monday, as violent protests in France put pressure on the euro.
The euro was 0.1% down at $1.1225 at the start of Asian trading. The dollar index was most heavily weighted toward the common currency and its decline helped calm the greenback, which was trading flat at 101.83.
French President Emmanuel Macron criticised “shocking” displays of violence on the fringes of protests over the cost of living in a televised speech to the country on Sunday, a day after France had one of its worst days of unrest in years.‘The weekend disturbance does matter for the euro mostly through French bonds rather than directly,’ Kieran Williams, head of Asia FX at InTouch Capital Markets in London, said.
Bank of Japan Governor Kazuo Ueda said on Monday underlying inflation is “quite close” to the central bank’s 2% objective, with the US dollar unchanged at 158.00 yen on the yen.
The U.S. dollar was unchanged at 6.6842 yuan in offshore trade ahead of the announcement of Chinese third-quarter GDP statistics. China’s economy likely improved marginally in the time from a more-than three-year low.
A lot of attention in emerging market Asia will be on the Indonesian rupiah, after a threat from MSCI to downgrade the nation’s stock market to “standalone” status last week sent shares into an 11.6% plunge. The rupiah closed at 18,000 versus the dollar on Friday, its lowest in nearly three months.
The Australian dollar was 0.3% higher at $0.6965 and the kiwi was steady at $0.5656. The British pound stayed steady at $1.3329.
Oil prices fell when Asian trade began on Monday, with Brent oil futures down 1.7% at $108.02, after US President Donald Trump waived sanctions and tariffs on Russia that may lead to additional Russian fuel shipments.
Business
Pakistan freelancers earn record $197 million in September 2026
Pakistani freelancers created a new record in the country’s digital economy by earning the most amount of foreign currencies in September 2026.
Figures indicate exports by freelancers hit a record $197 million last month, up 49 percent year-on-year and 11 percent month-on-month in September 2026.
Pakistani freelancers have exported services worth $550 million from July to September 2026, representing a substantial 46% growth in export profits in the first quarter of the current fiscal year.
Note that before, Pakistani freelancers earned foreign currencies of $1.76 billion in the fiscal year 2025-26.
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