psx extends decline
| | |

PSX extends decline as KSE-100 drops over 1,260 po…

The Pakistan Stock Exchange (PSX) remained under pressure on Friday, with the benchmark KSE-100 Index extending its recent losing streak during the morning trading session as investor sentiment stayed weak.

By the time trading was suspended for the routine Friday prayer break, the KSE-100 Index had fallen 1,264.14 points, or 0.74%, to 170,475.30.

The market opened in negative territory and continued to fluctuate throughout the session. The index reached an intraday high of 171,208.55 before declining to a low of 169,512.88, reflecting persistent selling pressure across the market.

Trading activity remained moderate, with more than 114 million shares changing hands during the morning session. The total value of traded shares stood at approximately Rs7.83 billion before the temporary suspension.

Market participants said investors remained cautious as profit-taking continued in several heavyweight stocks. The absence of strong buying interest also contributed to the downward trend, keeping the benchmark index below its previous closing level.

The market moved within a wide range of nearly 1,700 points during the session, highlighting continued volatility as investors assessed economic conditions and overall market sentiment.

Analysts said investors are closely monitoring developments that could influence market direction, including corporate earnings, economic indicators and broader financial conditions. They added that confidence has remained subdued in recent sessions, resulting in increased selling activity.

Trading is expected to resume after the Friday prayer break, with investors watching for signs of a recovery. Market experts believe the direction of the afternoon session will determine whether the benchmark index can recover some of its losses or end the week on another negative note.

Similar Posts

  • | | | | |

    [Puso at Diwa] BSP monetary policy: When steady is not really steady

    Businesses are not simply refusing to borrow because money is too expensive. They are hesitating because the returns on investment are uncertain, confidence is weak, and the economic environment itself has become more difficult to read.

  • | |

    Transporters join fuel dealers’ strike against d…

    Transport associations across Pakistan have announced support for the Petroleum Dealers Association’s demands and warned of a possible suspension of transport services following a planned shutdown of petrol pumps. The All Pakistan Public Transport Owners Association said public transport operations could also come to a halt if fuel stations close at midnight. Association President Nadeem Hussain said the transport sector would support the petrol dealers’ stance against the government’s policy of fixing petrol and diesel prices on a daily basis. He demanded that the government withdraw the daily fuel pricing mechanism, saying it has created uncertainty and increased financial pressure on transport operators. Hussain said frequent changes in fuel prices directly affect transport businesses because fuel is one of the biggest operating costs for public transport owners. He warned that a continued increase in petroleum prices could further burden both transporters and passengers. The Pakistan Mini Mazda Goods Transport Association also announced its support for the strike call by petrol station owners. Association President Sher Ali Chaudhry said mini Mazda vehicles would stop operating from midnight as part of the protest against daily increases in petroleum prices. He criticized the government’s decision to revise fuel prices regularly, saying it has made it difficult for transporters to manage expenses and maintain their services. Chaudhry said rising fuel costs have severely affected the transport sector, increasing operational expenses and reducing the income of vehicle owners and drivers. Both transport associations urged the government to reconsider the current fuel pricing policy and take steps to provide relief to transporters.

  • | |

    Jennifer Lopez says life ‘keeps getting better?…

    Jennifer Lopez is embracing another year of life with gratitude, confidence, and an uplifting message for her fans. As the global superstar celebrated her 57th birthday on July 24, the singer and actress reflected on her journey, reminding followers that life continues to improve with age as long as people keep believing in themselves and moving forward. (people.com⁠) Lopez marked the special occasion with a heartfelt post on social media, sharing glamorous birthday photos and a message centered on resilience and personal growth. “Life keeps getting better,” she wrote, encouraging fans to embrace every chapter with optimism rather than fear. The On the Floor hitmaker thanked her supporters for their unwavering love over the years, saying their encouragement continues to inspire her both personally and professionally. (people.com⁠) The birthday celebration comes during an eventful year for Lopez, who has remained focused on her career despite recent personal changes. The actress and singer has spent the past several months working on new creative projects while continuing to connect with audiences through music, film, and live performances. Rather than dwelling on challenges, Lopez has repeatedly emphasized the importance of self-love, perseverance, and finding strength through life’s transitions. (people.com⁠) Known for her relentless work ethic, Lopez has built one of the most successful entertainment careers in the world. From her breakthrough role in Selena to chart-topping albums and blockbuster films, she has consistently reinvented herself while remaining one of Hollywood’s most recognizable stars. Her influence extends beyond entertainment, with successful ventures in fashion, beauty, and business, making her a role model for aspiring artists worldwide. (britannica.com⁠) Fans and fellow celebrities flooded social media with birthday wishes, celebrating not only Lopez’s accomplishments but also her enduring positivity. Many praised her message about aging with confidence, saying it served as an inspiring reminder that personal growth does not stop with time but often becomes even more meaningful. As she begins her 58th year, Jennifer Lopez shows no signs of slowing down. With new projects on the horizon and an optimistic outlook on life, she continues to prove that success is about far more than fame—it’s about resilience, passion, and the willingness to keep evolving. For Lopez, every birthday is more than a milestone. It is an opportunity to reflect, celebrate progress, and inspire others to believe that the best chapters of life may still be ahead. Her latest message resonates with millions who see her not only as a performer but also as someone who continues to embrace change with confidence and hope.

  • | |

    ‘Give me my baby back’: Mother’s desperate P…

    A devastating fire at the Pakistan Institute of Medical Sciences (PIMS) in Islamabad has claimed the lives of 15 children, turning a routine morning at the capital’s major public hospital into a scene of panic, grief and anguish. The fire broke out early Wednesday in the Mother and Child Health Ward, where critically ill newborns were receiving treatment. Thick smoke rapidly filled parts of the ward, leaving families and hospital staff struggling to reach the affected area. The tragedy has raised serious questions about fire safety, emergency response, hospital security and the availability of adequate facilities for vulnerable newborns. Among the grieving parents was a mother who could not hold back her anguish after losing her infant. “Give me my child back,” she cried, as families gathered outside the hospital waiting for information about their children. Witnesses described a chaotic situation inside the hospital, with heavy smoke making it difficult to move through the affected area. Some patients and attendants reportedly attempted to escape through windows after finding access points blocked. A witness said the fire spread rapidly and that babies as young as a day old were present in the ward. Another witness claimed rescue personnel took considerable time to reach the affected section, while hospital security allegedly restricted the movement of people trying to leave. However, Islamabad’s senior administration gave a different account of the emergency response. Officials said the emergency call was received shortly before 7am and that rescue and police teams reached the hospital promptly. The fire was subsequently brought under control. The exact circumstances surrounding the incident remain under investigation. PIMS officials said the preliminary cause of the fire appeared to be an electrical fault involving an air conditioner. Authorities are expected to examine the equipment, wiring, hospital safety systems and emergency procedures to determine how the fire started and why it spread so quickly. The deaths have caused widespread grief across the country. Prime Minister Shehbaz Sharif and Interior Minister Mohsin Naqvi expressed sorrow over the loss of the infants and called for a detailed examination of the circumstances that led to the tragedy. The prime minister directed that those responsible for any negligence be identified and that strict action be taken on the basis of the investigation. The incident has also brought renewed attention to safety standards at public hospitals. PIMS is one of Islamabad’s largest healthcare institutions and caters to a large number of patients from the capital and surrounding areas. Families and witnesses have raised questions about the availability of emergency exits, fire-fighting equipment, evacuation procedures and the preparedness of hospital staff to deal with fires in specialised wards. The presence of newborns in critical care areas makes emergency preparedness particularly important. Infants requiring intensive medical support cannot be evacuated in the same manner as ordinary patients, increasing the need for specialised fire-safety plans and trained personnel. The tragedy has also sparked anger over whether existing safety warnings and shortcomings at public hospitals were adequately addressed before the incident. For the bereaved families, however, the immediate concern is the loss of their children. Parents gathered outside PIMS in distress as they waited for confirmation and the return of their babies. The fire is among the most serious recent incidents involving a public healthcare facility in Pakistan and has intensified calls for stronger enforcement of fire-safety regulations in hospitals and other major public buildings.

  • | |

    Electricity bills to increase this month under new…

    The National Electric Power Regulatory Authority (NEPRA) has announced a 75-paisa per unit increase in electricity prices for consumers across Pakistan, including domestic users of K-Electric. The revised tariff will be reflected in electricity bills issued during August 2026, according to an official notification released by the regulator. The increase has been approved under the monthly fuel cost adjustment (FCA) for June 2026, a mechanism through which electricity tariffs are periodically revised to account for changes in fuel generation costs. The adjustment applies to electricity consumers served by power distribution companies nationwide, including those receiving electricity from K-Electric in Karachi. According to the notification, consumers will pay an additional Rs0.75 per unit in their August electricity bills. The fuel cost adjustment is a routine regulatory measure designed to recover fluctuations in the cost of electricity generation caused by varying fuel prices and the overall energy mix used by power producers. NEPRA stated that the revised charges are part of the monthly adjustment process and are intended to align electricity tariffs with the actual cost of power generation during the relevant period. The authority regularly reviews requests submitted by power distribution companies before approving any changes in consumer tariffs. The latest increase comes as electricity consumers across Pakistan continue to face higher utility costs amid rising inflation and increasing household expenses. The adjustment will affect millions of residential, commercial, and industrial consumers, although the exact financial impact will depend on individual electricity consumption levels. Domestic consumers in Karachi supplied by K-Electric will also be subject to the revised tariff, ensuring that the increase is implemented uniformly across the country. The notification confirms that the additional charges will be included in the current billing cycle for August. Fuel cost adjustments are separate from the base electricity tariff and may result in either increases or reductions in monthly bills depending on changes in fuel prices and electricity generation costs. In recent years, these periodic revisions have become a regular feature of Pakistan’s electricity pricing system as regulators seek to recover actual power generation expenses. Consumers are advised to review their upcoming electricity bills carefully to understand the impact of the latest tariff adjustment and any other applicable charges included in the monthly billing statement.

  • |

    Karunaratne’s Gutsy knock Powers Galle Galla…

    Chamika Karunaratne’s blistering 72 off 34 balls powered Galle Gallants to a commanding 43-run victory over Dambulla Sixers in the 14th match of the Lanka Premier League (LPL) 2026 on Sunday at the Rangiri Dambulla International Stadium . Set a daunting target of 221, the Sixers were restricted to 176-6 in their 20 overs despite a brisk start from their openers . Sahibzada Farhan and Niroshan Dickwella provided early fireworks, adding 49 runs in the first three overs. Farhan scored 11 while Dickwella struck seven fours in his 32 off 19 balls . However, after the bright start, Gallants’ bowlers made a solid comeback to seize control of the chase . Sachindu Colombage sparked a collapse that reduced the Sixers to 98-6 inside 13 overs . Ramesh Mendis provided a flicker of hope with an unbeaten 39 off 22 balls, including a six and half a dozen fours, but with the asking rate climbing steeply, the task proved too steep for Dambulla . Earlier, opting to bat first, the Gallants demonstrated a commanding batting display, racking up 220-6 in their 20 overs . Sam Harper and Nurul Hasan raced to 40 in just 3.3 overs, with Hasan striking five fours and a six in his 29 off 13 deliveries . Following the early wicket, Charith Asalanka joined Harper in a half-century stand that took the total near the 100-run mark. Both batters made 31 and 41, respectively, before the Sixers removed the pair in the ninth over, leaving Gallants at 108-3 at the halfway mark . Just when Dambulla seemed to have stemmed the flow, Karunaratne launched a late assault, smashing six maximums and four boundaries in his 34-ball knock to propel the Gallants to a daunting total . For Dambulla Sixers, Dushmantha Chameera was the standout bowler, claiming five wickets . The comprehensive victory strengthens Gallants’ position in the LPL standings, while Dambulla will need to regroup after a disappointing batting collapse .

Leave a Reply

Your email address will not be published. Required fields are marked *