PSX up 2,838 points on renewed risk appetite

KARACHI: Pakistan Stock Exchange (PSX) on Thursday surged almost 2,840 points as renewed risk appetite drove investor interest in making fresh bets. Building on the previous session’s rebound, the investors aggressively bought blue-chip stocks amid media reports suggesting a possible resumption of dialogue between the US and Iran, which helped ease geopolitical concerns. On the…

Read More

$3b Saudi rollover ‘all good’: FinMin

EASING PAYMENT OBLIGATIONS: Sources said Pakistan was working on multiple options to extend the longevity of its short-term external debt and also stagger the upcoming payments of energy debt being obtained by Chinese firms to set up power plants under CPEC. PHOTO:FILE ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that it was “all good”…

Read More

PSX falls 2,320 points as geopolitical jitters weigh

KSE-100 closes at 175,802 points amid US-Iran tensions, which trigger risk aversion KARACHI: The KSE-100 index closed at 175,802 points on Friday, down 2,320 points, as investors adopted a risk-averse stance amid escalating United States-Iran geopolitical tensions and ahead of the upcoming corporate earnings season. The benchmark index closed at 175,802 points, down 2,320 points…

Read More

Uber in $15b deal for Delivery Hero

Acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business BERLIN: Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing firm’s…

Read More

All-rounder Mohammad Nawaz sanctioned after cannabis-related positive test

Nawaz admits anti-doping code violation, ICC says substance used outside competition Cricket – ICC Men’s T20 World Cup 2026 – Group A – India v Pakistan – R. Premadasa International Cricket Stadium, Colombo, Sri Lanka. Photo: Reuters Mohammad Nawaz has been sanctioned by the International Cricket Council (ICC) after testing positive for a cannabis-related substance,…

Read More