Market Summary (KSE-100 Index)
The KSE-100 Index gained 1,021 points (+0.61%) to close at 169,043 points. A total of 384 million shares were traded. Local Institutional/Individual Investors (LIPI) recorded net buying of USD 0.82 million, while Foreign Investors (FIPI) recorded net selling of USD 0.82 million.
Key Economic & Policy Developments
- Forex Reserves: Total liquid foreign exchange reserves hit a five-year high of USD 26.8 billion following Eurobond proceeds.
- China Swap Line & US Facility: Pakistan plans to request an expansion of its 30 billion yuan swap line with China and expects a US response on a $10bn exchange stabilization facility within two months.
- IT & Freelancer Exports: IT exports grew 17% YoY in August 2026 to $394 million. Freelancer earnings surpassed $350 million in July-August FY27.
- Privatization of DISCOs: NA Standing Committee was informed that 51% to 100% divestment of shareholding and management control of each power distribution company is proposed.
- Austerity & Fuel Prices: PM Shehbaz Sharif ordered government spending cuts and fuel reduction. High Speed Diesel price raised by Rs3.47/litre, while Petrol price cut by 43 paise.
Corporate Updates
- Ghandhara Automobiles (PSX: GAL): Announced plans to invest Rs2.3 billion in expanding its Paint Shop facility, targeted for completion by Q3 FY27.
- Wahdat Poultry Farm: Signed a Rs500 million revolving financing facility with Saudi Pak Industrial and Agricultural Investment Co. for working capital needs.
- Karachi Port: Reached a record Port Liner Shipping Connectivity Index (PLSCI) score of 343 in Q2 2026.
