Monday, Feb 09, 2026 | 20 Shaban 1447
Monday, Feb 09, 2026 | 20 Shaban 1447
The Pakistan Stock Exchange (PSX) opened under selling pressure on Friday, with the benchmark KSE-100 Index losing over 1% in early trading.
At 10:50am, the benchmark index was hovering at 185,765.07, down by 2067.01 points or 1.1%.
The PSX remained closed on Thursday in observance of the Kashmir Day holiday.
On Wednesday, buying had continued for the fourth consecutive session, with the KSE-100 closing higher by 931 points.
K-Electric (KE) Chief Executive Officer Moonis Alvi has resigned from his position, the utility announced in a notice to the PSX. The development came days after Governor Sindh Kamran Tessori had annulled a Provincial Ombudsman’s order to remove Alvi from his post over alleged involvement in a case pertaining to workplace harassment.
Global equities extended losses into a third day on Friday as a sell-off on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility.
MSCI’s broadest index of Asia-Pacific shares outside Japan tumbled 1% to mark a second day of losses, led by a 5% dive for South Korea’s Kospi which triggered a brief trading halt shortly after the open. S&P 500 e-mini futures slid 0.2% and Nasdaq e-mini futures fell 0.4%.
Stocks sold off overnight on fears that new AI models may start to eat into the profits of software firms, with the S&P 500 turning negative for the year as fears around the labour market grew.
Layoffs announced by US employers surged in January to the highest level for the month in 17 years, a survey from global outplacement firm Challenger, Gray & Christmas showed on Thursday.
Precious metals rallied off their lows but were still down for the day, with gold falling 0.1% at $4,764.43 and silver plunging as much as 10% before recovering. The white metal was last down 1.4% at $70.26.
This is intra-day report
