KARACHI : Pakistan Stock Exchange (PSX) on Friday staged a strong recovery, snapping days long bearish momentum as increasing forex reserves have lifted investor sentiments. Pakistan’s foreign exchange reserves inched up by $16 million over the past week, according to figures released by the State Bank of Pakistan. The central bank said its official reserves rose from $16.0557 billion to $16.0718 billion, showing a modest gain during the week. The State Bank also noted that commercial banks’ holdings went up by $5.6 million, reaching $5.1927 billion. A day earlier, the stock exchange dropped by over 1,100 points due to massive selling pressure.

Source: The Patriot January 16, 2026 16:29 UTC