PSX gains nearly 1,000 points on broad-based buying

Strong investor interest in banking, cement, fertiliser and energy stocks lifts market’s mood KARACHI: Buying interest dominated trading at the Pakistan Stock Exchange (PSX) on Thursday, lifting the benchmark KSE-100 Index by nearly 1,000 points during intraday trade. Investor activity remained concentrated in automobile assemblers, cement, chemical, commercial banks, fertiliser, oil and gas exploration companies,…

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Meta AI model hacks another company during testing

Breaches ​highlight growing concerns that advanced AI systems could pose new cybersecurity risks People are seen behind a logo of Meta Platforms, during a conference in Mumbai, India, September 20, 2023—REUTERS Meta said on Wednesday that one of its AI models hacked another company ​during cybersecurity testing, fanning concerns about how developers can contain increasingly…

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AJK observes Youm-e-Istehsal

MUZAFFARABAD: Azad Jammu and Kashmir (AJK) observed Youm-e-Istehsal-e-Kashmir on Wednesday to mark seven years since India revoked the special constitutional status of Indian Illegally Occupied Jammu and Kashmir (IIOJK), with rallies, protest demonstrations and public gatherings held across AJK. The main event was held in Muzaffarabad where participants took out a protest rally and chanted…

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Austria hits record temperature

BUDAPEST: The temperature in Austria climbed to a record high on Wednesday, while Hungarians curbed power use as the latest heatwave and drought took their toll on central and southern Europe. Europe, the world’s fastest warming continent, has been ravaged by record-breaking heat and destructive wildfires this summer, with France and Spain particularly hard hit…

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Tension eases as Iran, Oman seal Hormuz deal

• Two countries agree on shipping route • Proposed agreement would give Iran control of inbound traffic • Any contr DUBAI/RIYADH: Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties do not interfere,…

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