Selling pressure continued unabated at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding nearly 1% on Tuesday. The market opened on a positive note and briefly surged in early trade, but selling pressure quickly emerged, dragging the benchmark sharply lower by mid-morning, hitting an intra-day low of 163,907.59. Following the steep dip, the market staged a steady recover
The management of Oil and Gas Development Company Limited (OGDC), Pakistan’s largest E&P, said it continued to ramp up investment in the Reko Diq project, with around $75 million injected during the quarter, of which $25 million represents OGDC’s share, as development work at the mine progresses without delay. This was shared during a corporate briefing session held on February 23, 2026, which
JDW Sugar Mills Limited, a manufacturer of crystalline sugar, has announced plans to set up a subsidiary in the United Arab Emirates (UAE). The listed company disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “The Board of JDW Sugar Mills Limited has approved the establishment /setting up of a wholly owned subsidiary company in the United Arab Emirates,”
Pakistan National Shipping Corporation (PNSC) said it had received official communication from the Ministry of Maritime Affairs confirming that Prime Minister Shehbaz Sharif has approved the National Logistic Corporation’s acquisition of a 30% shareholding in PNSC. The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today. The PM has also approved the transfer of
Asia’s financial markets were higher on Wednesday with Korean chipmakers leading gains, as investors double down on what they see as the safest bet on artificial intelligence (AI), while the yen remained in focus. Investors rocked by volatility in recent months were also awaiting U.S. President Donald Trump’s State of the Union speech on Tuesday evening in Washington. Market participants are br