There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,200 points during the opening minutes of trading on Thursday.
At 9:40am, the benchmark index was hovering at 185,307.38, up by 1,257.28 points or 0.68%.
Buying interest was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, OGDC, POL, PPL, HBL, MEBL and UBL, traded in the green.
On Wednesday, PSX opened fiscal year 2026-27 on a highly bullish note as investors cheered a softer inflation outlook, declining international oil prices and mounting expectations of an imminent interest rate cut by the State Bank of Pakistan (SBP). The benchmark KSE-100 Index surged 3,748.40 points, or 2.08%, to settle at a record 184,050.10 points.
Globally, Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could give hints about the risk of interest rate hikes.
Oil prices hit new four-month lows, with Brent crude off 0.8% to $71 a barrel, as U.S. President Donald Trump said talks with Iran had gone well in Qatar, and as more oil tankers transited through the Strait of Hormuz.
On Thursday, MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.8%, while Japan’s Nikkei also dropped 1.1%, adding to losses from the first day of the quarter.
South Korea’s KOSPI sank 2.7%, extending a 2% slide from Wednesday.
That followed an eye-watering 68% surge in the second quarter on soaring AI-related demand for memory chips.
SK Hynix plunged 7.7%, and Samsung tumbled 6.2%. That followed a report that Meta Platforms is building a cloud business to sell excess AI computing capacity, which sent the Facebook owner’s shares up 8.8% overnight.
This is an intraday update
| # | Наименование новости | Тональность | Информативность | Дата публикации |
|---|---|---|---|---|
| 1 | Asian shares fall as chipmakers drag; US jobs data looms | -2 | 6 | 02-07-2026 |
| 2 | Indian shares set for positive start as oil prices drop on US-Iran talks | 2 | 6 | 02-07-2026 |
| 3 | Gold extends gains on weak jobs data, lower oil prices | 0 | 7 | 02-07-2026 |
| 4 | Mian Zahid urges a permanent mechanism to boost Pak-Iran trade | 0 | 5 | 02-07-2026 |
| 5 | China’s 15th Five-Year Plan, Uraan Pakistan initiative: China ready to work to implement consensus: envoy | 5 | 7 | 02-07-2026 |
| 6 | Биржевые индексы в Южной Корее упали на фоне распространения в Китае новой пневмонии | 0 | 0 | 28-01-2020 |
| 7 | Policy needs economic coherence: a case of Pakistan’s tobacco taxation | 0 | 6 | 02-07-2026 |
| 8 | Customs achieves Rs467bn revenue in June | 5 | 7 | 02-07-2026 |
| 9 | Stock markets decline for second day as IT shares lead losses | -2 | 6 | 30-06-2026 |
| 10 | El gigante coreano de los chips SK Hynix se prepara para salir al mercado y batir récords | 0 | 5 | 24-06-2026 |