{
  "id": 17011435,
  "title": "PSX: positive momentum continues, KSE-100 gains nearly 400 points",
  "url": "https://urgent.news/2026/10/29/psx-positive-momentum-continues-kse-100-gains-nearly-400-points",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T05:05:37.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446464/psx-positive-momentum-continues-kse-100-gains-nearly-400-points"
  },
  "original_language": "en",
  "account": "The Pakistan Stock Exchange (PSX) witnessed a surge in buying momentum on Thursday morning, with the KSE-100 Index climbing nearly 400 points in the first few minutes of trading. By 9:45am, the benchmark index was trading at 166,104.36, a rise of 367.61 points, or 0.22%. Strong buying was noted in industries such as automobile assemblers, commercial banks, oil and gas exploration, oil marketing companies, and power generation. Notable stocks like HUBCO, KE, MARI, POL, PPL, PSO, SNGPL, HBL, MCB, MEBL, and UBL closed in the positive territory. On Wednesday, the PSX continued its rebound with late-session buying, driven by gains across major sectors. The KSE-100 Index increased by 1,269.55 points, or 0.77%, to finish at 165,736.76 points. Globally, Asian shares initially lost momentum after strong early gains, as AI-related earnings from major companies yielded conflicting results, raising expectations for upcoming Amazon and Intel reports. Alphabet's substantial cash burn resulted in a 10% drop in its shares and a $400 billion reduction in market value, causing Nasdaq futures to dip by 1%. In contrast, Microsoft exceeded expectations with improved cash flows, boosting its shares by 3%. The Federal Reserve maintained interest rates as anticipated, but two committee members advocated for a rate hike. Chair Kevin Warsh expressed optimism about inflation during his press conference, which encouraged a rally in Treasuries. However, earnings reports took center stage, with Samsung Electronics reporting a nearly ninefold increase in operating profit to a record high in Q3, fueled by high demand for AI chips. Its shares fell over 4%, impacting the KOSPI index, which dropped 2.6% after a previous 7% surge. MSCI's Asia-Pacific index outside Japan declined by 0.7%, while Japan's Nikkei gained 0.3%. Chinese blue chips dropped 0.9%, and Hong Kong's Hang Seng index increased by 0.2%.",
  "summary": "Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 400 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 166,104.36, up by 367.61 points or 0.22%. Buying was observed in key sectors, including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and power…",
  "key_points": [
    "KSE-100 Index gains nearly 400 points in early trading",
    "Strong buying in automobile assemblers, banks, oil & gas, power sector",
    "Global markets mixed amid AI earnings uncertainty"
  ],
  "editors_take": "Broad-based buying across key industrial and financial sectors signals a sustained rebound for the Pakistan Stock Exchange as investors drive the benchmark index toward new levels.",
  "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."
}