{
  "id": 10615899,
  "title": "PSX: Buying drives KSE-100 up over 300 points",
  "url": "https://urgent.news/2026/09/29/psx-buying-drives-kse-100-up-over-300-points",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-29T04:58:13.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441747/psx-buying-drives-kse-100-up-over-300-points"
  },
  "original_language": "en",
  "account": "In the early minutes of trading on Tuesday, the Pakistan Stock Exchange (PSX) saw a surge in buying activity, propelling the KSE-100 Index up by more than 300 points. At 9:35am, the benchmark index was trading at 170,749.97, a rise of 324.35 points or 0.19%. This buying interest was particularly strong in key sectors such as automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, and OMCs. Index-heavy stocks like HBL, MCB, MEBL, NBP, ARL, NRL, MARI, POL, SSGC, and SNGPL all traded in the green. The government had briefed the IMF review mission on Monday about the impact of the Gulf War and the Strait of Hormuz disruption on revenue loss and economic slowdown. Additionally, the government announced that around 10,000 federal government employees would have to digitally declare their movable and immovable assets by October 30, 2026. The PSX had closed lower the previous day in a range-bound session due to investor sentiment being fragile amid geopolitical uncertainty in the Middle East, following reports that US President Trump had rejected an Iranian ceasefire proposal concerning the Strait of Hormuz. Globally, oil prices and bond yields were higher, making it an uncomfortable combination for Asian equities as investors awaited an interest rate hike in Australia and an era of high short-term borrowing costs. The US 10-year Treasury yield reached a 19-year high above 5.27%, with the monthly selloff being the heaviest in two years. The US 2-year yield also surged more than 57 basis points this month, nearing the 5% threshold, as traders anticipated further Federal Reserve rate hikes. However, a significant $150 billion boost to chipmaker Nvidia's buyback plan helped stabilize the Nasdaq, albeit with a 0.9% fall. Bond markets in Japan, South Korea, and Australia were under pressure, and most regional equity markets slipped. In China, particularly the technology sector, stocks faced a setback due to US plans to ban Chinese components from data centers, pushing the CSI300 index to a one-year low.",
  "summary": "Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 300 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 170,749.97, up by 324.35 points or 0.19%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}