Market activity remains relatively strong, with volumes crossing 256 million shares Shares of 345 companies were traded. At the end of the day, 75 stocks closed higher, 254 declined and 16 remained unchanged. PHOTO: FILE KARACHI: The Pakistan Stock Exchange (PSX) came under selling pressure on Wednesday, erasing early gains as investors turned cautious. The…
Sources say Operation Ghazab Lil Haq will continue until all designated objectives are achieved Pakistan-Afghanistan border at Chaman. PHOTO: FILE Security forces launched a strong retaliatory response under Operation Ghazab Lil Haq after unprovoked aggression by Afghan Taliban and terrorists along the Pakistan-Afghanistan border, security sources said on Wednesday. According to the sources, armed forces carried…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted in-principle approval for the implementation of a comprehensive exchange-traded fund (ETF) reform roadmap, based on the recommendations of the working committee on ETFs, according to a statement issued on Tuesday. The roadmap will be implemented in phases following extensive consultations with key stakeholders, including…
Haredi men chant ‘we will die and not enlist’ as army resumes arrests of draft evaders after lull in Iran war Ultra-Orthodox protesters stormed the residence of Israel’s military police chief late Tuesday, amid growing tensions over the arrest of draft evaders. According to Israeli Army Radio, a group of Haredi protesters broke into the…
Say restrictions and power issues are crippling businesses, threatening livelihoods RAWALPINDI: The Central Traders Association Rawalpindi Cantonment has demanded the immediate and complete lifting of the current smart lockdown, calling on the government to allow markets, restaurants and all other businesses to operate without restrictions and to provide traders with a safe and enabling environment…
Brent is above the level it hit before the two sides announced a ceasefire at the start of April Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Asian stocks…
United States would now total $871 million, up from an initial figure of $727 million announced in December General view of the Premier League ball before the match. PHOTO REUTERS FIFA on Tuesday boosted overall World Cup cash distributions to nearly $900 million following concerns over the spiraling costs for teams taking part in the…
Footage shared on social media showed demonstrators chanting outside the prison, with some holding signs. PHOTO: BBC Lawyers for the British state argued at London’s High Court on Tuesday that a ruling by UK judges lifting a government ban on pro-Palestinian group Palestine Action should be scrapped. Appealing the court ruling, the lawyers said the…
A European Union business delegation calls on Prime Minister Shehbaz Sharif in Islamabad. PHOTO: APP ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday reaffirmed Pakistan’s commitment to strengthening trade and investment ties with the EU. The premier expressed the resolve during a meeting with a high-level EU trade and business delegation in the federal capital, according…
KSE-100 loses 1,085 points on worries higher borrowing costs may hit corporate profits KARACHI: The Pakistan Stock Exchange (PSX) ended Tuesday’s session on a negative note as a 100-basis-point policy rate hike weighed on investor sentiment, who were worried that the central bank’s monetary tightening would dent business activities. During the trading session, the benchmark…