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geopolitical tensions

KSE-100 Index rises 1.1% amid easing geopolitical tensions

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KSE-100 Index

KARACHI: Pakistan’s stock market posted a strong weekly performance, with the benchmark KSE-100 Index gaining 1.1% amid improving investor sentiment driven by easing geopolitical tensions and lower global oil prices.

The KSE-100 Index rose by 1,921 points during the week, closing at 172,399 points compared with 170,478 points at the end of the previous week.

During the trading week, the index touched an intraday high of 173,093 points, while its lowest level was recorded at 168,432 points.

Market capitalization increased by Rs191 billion over the week to reach Rs19.12 trillion, reflecting broad-based gains across listed companies.

Average daily trading volume stood at 776 million shares, while average daily traded value was recorded at Rs29 billion.

Market analysts attributed the positive momentum to renewed investor confidence following a reduction in tensions between the United States and Iran, as well as a decline in international oil prices, which improved the outlook for Pakistan’s economy and equity market.

Gold and Silver prices hit record highs amid geopolitical tensions

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Gold and Silver

KARACHI: Global and local gold and silver prices have surged to all-time highs amid rising geopolitical tensions in the Middle East and uncertainty in international markets.

The recent escalation between European Union countries and the United States, coupled with the deployment of a US aircraft carrier to the region and Iran’s military exercises near the Strait of Hormuz, has created a climate of uncertainty, driving both international and domestic precious metals markets to new record levels.

In the international bullion market, gold prices jumped $211 per ounce, reaching a new high of $5,293 per ounce.

This surge was reflected in Pakistan’s local markets, where per tola 24-carat gold soared by Rs 21,100, reaching Rs 551,662 — the highest in the country’s history for a single trading day.

Similarly, 10 grams of gold climbed by Rs 18,090, reaching Rs 472,961.

Silver prices also reached historic levels. In the global market, silver rose $2.36 per ounce, reaching $114.27, while in local markets, per tola silver increased by Rs 271 to Rs 11,911, and 10 grams of silver rose by Rs 232 to Rs 10,211.

Analysts attribute the surge to a combination of factors, including the de-dollarization trend, which has pushed the US dollar to a four-year low, and growing demand for gold as a safe-haven asset amid geopolitical uncertainties.

Central banks worldwide are also increasing purchases of physical gold, further supporting the upward trend.

As a result, gold and silver prices continue to reach historic levels on a daily basis, reflecting both global and domestic market dynamics.