{
  "id": 17018586,
  "title": "PSX: positive momentum continues, KSE-100 gains nearly 1,600 points",
  "url": "https://urgent.news/2026/10/29/psx-positive-momentum-continues-kse-100-gains-nearly-1-600-points",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T06:14:31.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40446464/psx-positive-momentum-continues-kse-100-gains-nearly-1600-points"
  },
  "original_language": "en",
  "account": "The Pakistan Stock Exchange (PSX) saw a continued surge in buying momentum on Thursday, with the KSE-100 Index surging nearly 1,600 points during the early trading hours. By 11:10am, the index was trading at 167,316.40, up by 1,579.65 points or 0.95%. Demand for shares was observed in key sectors such as automobile assemblers, commercial banks, oil and gas exploration companies, Oil Marketing Companies (OMCs), and power generation firms. Index-heavy stocks including HUBCO, KE, MARI, POL, PPL, PSO, SNGPL, HBL, MCB, MEBL, and UBL all traded in the green. On Wednesday, the PSX extended its recovery, with late-session buying propelling the market higher, buoyed by gains across various sectors. The KSE-100 Index rose 1,269.55 points, or 0.77%, to conclude at 165,736.76 points. Internationally, Asian stocks retreated from earlier gains on Thursday, as AI-related earnings announcements triggered divergent reactions, raising expectations ahead of Amazon and Intel's results. Alphabet's heavy cash burn sent its shares down 10% in after-hours trading, eroding nearly $400 billion in market value. This negatively impacted the Nasdaq futures by 1%. In contrast, Microsoft surpassed expectations with stronger-than-anticipated cash flows, causing its shares to climb by 3%. Overnight, the Federal Reserve maintained interest rates as anticipated, but two committee members advocated for a rate hike. Chair Kevin Warsh projected a more optimistic outlook on inflation during his press conference, resulting in a rally in U.S. Treasuries. Nevertheless, the primary catalyst for market movements was earnings reports. Samsung Electronics reported a nearly ninefold increase in operating profit to a record high in the third quarter, fueled by strong demand for AI chips. Its shares plummeted over 4%, contributing to a 2.6% decline in the KOSPI index following a previous 7% surge. MSCI's Asia-Pacific index outside Japan slipped by 0.7%, while Japan's Nikkei extended gains to be up 0.3%. Chinese blue chips declined by 0.9%, while Hong Kong's Hang Seng index gained 0.2%.",
  "summary": "Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,600 points during the opening hours on Thursday. At 11:10am, the benchmark index was hovering at 167,316.40, up by 1,579.65 points or 0.95%. Buying was observed in key sectors, including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs and power…",
  "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."
}