{
  "id": 2960382,
  "title": "PSX: Buying returns as KSE-100 up 800 points",
  "url": "https://urgent.news/2026/08/24/psx-buying-returns-as-kse-100-up-800-points",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-24T05:54:03.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436274/psx-buying-returns-as-kse-100-up-800-points"
  },
  "original_language": "en",
  "account": "The Pakistan Stock Exchange (PSX) saw a surge in buying activity on Monday, with the benchmark KSE-100 Index soaring over 800 points. At 10:44am, the index was trading at 177,983.43, up by 816.91 points or 0.46%. Buying interest was particularly strong in sectors such as automobile assemblers, cement, commercial banks, oil and gas exploration, power generation, and refineries. Notable index-heavy stocks that traded in the green included HUBCO, ARL, MARI, OGDC, PPL, HBL, MCB, MEBL, and UBL. The previous week had been marred by heightened political and geopolitical tensions, concerns over the Strait of Hormuz, and a sharp rise in international oil prices, which dampened investor sentiment at the PSX. The KSE-100 Index opened the week at 180,104.61 points and closed at 177,166.52 points, a decline of 2,938.09 points or 1.6% week-on-week. On an international front, share markets in Asia were flat, and oil prices eased as traders awaited details of potential U.S. sanctions on Iran. The Canadian dollar slipped amid fears of an escalating trade war with its southern neighbor. The tech sector remained on high alert for Nvidia's results, which are expected to shape investor expectations. Analysts anticipate Nvidia's quarterly revenue to nearly double to $92 billion, with full-year earnings guidance ranging from $103 billion to $105 billion. Market participants are also eagerly awaiting clarity on the Fed's interest rate outlook during Chairman Kevin Warsh's speech in Jackson Hole, Wyoming, on Friday. While the odds of a rate hike stand at around 40%, the market is prepared for a possible move by December. Market sentiment could shift depending on the U.S. inflation figures released that week, with median forecasts for core inflation remaining at 3.3% in July. Trading activity was subdued at the start of the session, with the Nikkei remaining near flat after a 4% decline the previous week. South Korean shares fell by 0.8%, while Taiwan shares dipped by 0.5%. Overall, MSCI's Asia-Pacific index outside Japan also saw a slight decline of 0.2%.",
  "summary": "Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 800 points during the trading session on Monday. At 10:44am, the benchmark index was hovering at 177,983.43, up by 816.91 points or 0.46%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, power generation…",
  "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."
}