PSX: KSE-100 closes week on a positive

PSX: KSE-100 closes week on a positive.

Key points

• The index then moved higher in the final hours, hitting an intraday high of 177, 583.36 before paring some gains towards the close.
• The index opened on a positive note but shortly came under pressure, falling sharply to an intraday low of 176, 110.75 during the first half of the trading session.
• Imran Khan moved back to Adiala Jail after medical check-up at PIMS: Tarar.
• Yields on US Treasuries had resumed their climb after Wednesday's surprise intervention by ‌the Treasury brought barely a day of relief from selling.
• It slipped 0.8%, bringing losses for the week so far to 4.4%.

Notably, the Pakistan Stock Exchange's KSE-100 Index gained over 800 points on Friday morning, showing solid buying interest in key sectors despite broader Asian market declines and global financial pressures. Pakistan Stock Exchange's KSE-100 Index solid opening gains. Key sectors driving buying interest at PSX. Global market volatility and rising US Treasury yields. Add BRecorder as a trusted source on Google.

For context, a volatile trading session was observed at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 swinging both ways before closing with a gain of almost 600 points.

Notably, the index opened on a positive note but shortly came under pressure, falling sharply to an intraday low of 176, 110.75 during the first half of the trading session.

Selling pressure eased around midday, and the market gradually stabilised before staging a stronger recovery in the second half of the session.

Meanwhile, the index then moved higher in the final hours, hitting an intraday high of 177, 583.36 before paring some gains towards the close. At close, the benchmark index settled at 177, 166.52, up by 574.76 points or 0.33%.

On Thursday, PSX stayed volatile as renewed geopolitical uncertainty and elevated international oil rates kept investors cautious, with selling in heavyweight stocks outweighing selective buying. The benchmark KSE-100 Index fell 254.59 points, or 0.14%, to close at 176, 591.77 points.

While a diplomatic deadlock in the Gulf lifted oil costs to one-month highs and kept inflation risks to the fore, globally, most Asian share indices were heading for weekly falls on Friday as stress in global bond markets indicated little sign of abating.

For context, the rise came even as US Treasury Secretary Scott Bessent remarked he could further rise the government's repurchases of Treasuries, and floated the idea of fiscal consolidation.

Analysts were sceptical he could find enough spending cuts to seriously curb a budget deficit of more than 6% of gross domestic product, with interest charges alone this year running at $1.2 trillion.

While raising the discount on corporate earnings and challenging stock valuations, higher yields lift debt costs globally, just as tech giants are borrowing heavily to fund AI capex.

Meanwhile, the strain was evident in the Nikkei. It slipped 0.8%, bringing losses for the week so far to 4.4%. South Korea and Taiwan both edged higher, but again were down for the week. MSCI's broadest index of Asia-Pacific shares outside Japan continued 0.5%. Imran Khan healthy but suffering anxiety due to isolation, notes sister.

Oil set for second weekly gain as US ramps up pressure on Iran. Pakistan, Google sign landmark MoU for national digital transformation. Syrian FM meets CDF Asim Munir, discusses defence and security cooperation. SBP designates HBL, UBL, NBP as systemically significant banks for 2026.

Imran Khan moved back to Adiala Jail after medical check-up at PIMS: Tarar. Rupee records gain against US dollar. Gold per tola gains Rs5, 200 in Pakistan. PMD forecasts downpours throughout upper, central regions over weekend. Eid Milad-un-Nabi: PSX to remain closed on August 26. Currency Rate USD PKR Interbank Selling. Item Value Karachi Cotton PKR/37.32 KG. Stock Cost First Paramount Mod. (R). Jubilee Life Insurance Firm Limited(JLICL). J.A. Textile Mills Limited(JATM). In practice, the Hub Power Firm Limited(HUBC).

In short, PSX: KSE is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.