PSX: buying continues. KSE-100 up nearly 400 points

Buying interest lifted the Pakistan Stock Exchange on Friday morning, with the KSE-100 index adding nearly 400 points early in the session. Business Recorder reported that at 11:10am the benchmark stood at 166,552.85, up 366.69 points or 0.22 per cent. Buying spread to carmakers, cement, bank stocks, upstream oil and gas firms, fuel marketers, power generators and refineries.

The Federal Board of Revenue pushed back the filing date for Tax Year 2026 income tax returns, which now falls on October 31, 2026, giving filers two more weeks. On Thursday, the index had closed 768.66 points, or 0.46 per cent, higher at 166,186.17, helped by broad-based buying in key stocks. Regional concerns deepened as Houthi attacks on Saudi Arabia intensified.

Globally, Asian equities recovered on Friday from the previous session's sharp tech selloff, which followed questions over cloud firm CoreWeave's borrowing. Japan's Nikkei gained 1.8 per cent, South Korea's KOSPI rose 2.8 per cent and Hong Kong's Hang Seng added 1.1 per cent. Gold prices eased from Thursday's high while Brent crude slipped toward $105.