psx soars kse100
| | |

PSX soars as KSE-100 Index jumps over 5,000 points…

ByJustpaste.in

KARACHI: The Pakistan Stock Exchange (PSX) wrapped up the trading week on a bullish note, with investors driving the benchmark KSE-100 Index sharply higher amid sustained buying interest and renewed market optimism.

According to the PSX’s weekly market update, the KSE-100 Index gained 5,072 points during the week, closing at 176,094 points. The strong performance reflected growing investor confidence as the market continued its upward momentum.

Throughout the week, the benchmark index traded within a 4,510-point range, touching a weekly high of 179,123 points while falling to a low of 174,612 points. Analysts said the wide trading range highlighted active investor participation and healthy market activity.

The rally capped off a positive week in which the stock market maintained strong momentum. On the final trading day of July, the KSE-100 Index had already climbed 546 points, setting the stage for an impressive weekly finish.

Trading activity also remained robust. During the five trading sessions, investors exchanged approximately 4.15 billion shares, with the total value of transactions reaching Rs158 billion, indicating strong liquidity and continued interest from market participants.

Meanwhile, the market’s overall capitalization increased by Rs477 billion over the week, reaching Rs19.755 trillion. The significant rise in market value underscores improving sentiment among investors despite ongoing economic challenges.

Market experts say the latest gains reflect confidence in Pakistan’s financial markets, supported by sustained institutional buying and expectations of improving macroeconomic conditions. However, they caution that investors will continue to monitor economic indicators, corporate earnings and policy developments that could influence market direction in the coming weeks.

The latest weekly performance reinforces the Pakistan Stock Exchange’s position as one of the region’s best-performing markets this year, with investors hoping the bullish trend will continue if economic stability and positive business sentiment remain intact.

Similar Posts

  • |

    AI manipulation claimed in PARC hiring; 105 candidates still waiting

    ByJustpaste.in

    Islamabad: The Senate Standing Committee on National Food Security erupted in controversy today as concerns over recruitment at the Pakistan Agricultural Research Council (PARC) were aired with unprecedented intensity. Senators claimed that the federal research body may have violated constitutional equity, leaving candidates from Sindh and Balochistan sidelined while Punjab and Khyber Pakhtunkhwa dominated appointments. At the heart of the storm are 230 vacant posts at PARC. Although the posts were advertised nationwide and tested through the third party Candidates Testing Services (CTS), only 125 candidates have received appointment letters, leaving 105 hopefuls in limbo. Senator Poonjo Bheel voiced sharp criticism, accusing PARC of sidelining smaller provinces, potentially breaching Article 38(g) of the Constitution. “Appointments have disproportionately favored Punjab and KP,” he warned, “while Sindh and Balochistan candidates are deprived of their due share.” PARC representatives defended their process, noting that a few Sindh candidates were appointed purely on merit and promising interviews for remaining Sindh and Balochistan candidates in the coming week. Yet, the Committee remained unconvinced. Senators stressed that results should be announced simultaneously across all provinces, warning that staggered releases could create perceptions of bias. The session took an even more sensational turn when officials revealed allegations of a coordinated propaganda campaign against PARC. Officials claimed that artificial intelligence (AI) may have been used to manipulate recruitment results, prompting the Committee to recommend immediate show cause notices for any employees involved in such activities. The Chairman directed PARC to submit a detailed list of the appointing authorities responsible for each recruitment decision and a comprehensive record of the 105 pending candidates’ interviews. The Committee demanded transparency and accountability to prevent further distrust in the nation’s premier agricultural research body. The Committee’s stern message made it clear: “Merit alone cannot justify provincial inequity, and any manipulation digital or human will not be tolerated.” The meeting was attended by Senators Rahat Jamali, Shahadat Awan, and Poonjo Bheel, with the agenda moved by Senator Shahadat Awan deferred due to the absence of the Federal Minister and Secretary.

  • | |

    Rana Sikandar to join classroom as teacher

    ByJustpaste.in

    Punjab Education Minister Rana Sikandar Hayat has announced that he will begin teaching students in government schools in Lahore from the first week of September as part of an initiative aimed at improving the quality of education in the province. The minister said he has decided to personally enter classrooms and teach students instead of only monitoring the education system from administrative offices. He said the experience would help him better understand the challenges faced by teachers and students while also providing an opportunity to evaluate classroom teaching firsthand. Rana Sikandar Hayat said English and Chemistry are his favourite subjects, and he will start by teaching these courses. He said he plans to teach English in primary schools and Chemistry in high schools before expanding his teaching to other subjects in the future. He added that he will visit a different government school every week without giving prior notice. According to the minister, these surprise visits will allow him to observe the actual learning environment, interact directly with students, and assess the effectiveness of teaching methods being used in classrooms. The education minister said the initiative is not symbolic but a practical effort to understand the strengths and weaknesses of the public education system. He believes that personally teaching students will provide valuable insight into issues affecting classroom learning and help identify areas that require immediate improvement. Rana Sikandar Hayat said he has immense respect for the teaching profession and considers it an honour to serve as a teacher. He added that educators play a vital role in shaping the future of the nation and deserve recognition for their contribution to society. He expressed hope that the initiative would encourage greater accountability within the education system and inspire teachers and school administrators to continue improving academic standards. He also said direct interaction with students would help the education department design better policies based on practical classroom experience rather than relying solely on reports. The minister said the feedback gathered during his teaching visits would be used to identify shortcomings in teaching methods, curriculum delivery, and classroom management. He added that the information would help the government introduce reforms aimed at improving learning outcomes and raising educational standards in government schools across Punjab.

  • | | | |

    US ‘locked and loaded’ as Iran talks continue

    ByJustpaste.in

    US President Donald Trump has said Washington is engaged in direct talks with Iran, signalling that diplomacy remains active despite rising tensions in the Middle East. However, he warned that the United States remains fully prepared for military action if negotiations fail. Speaking at the White House, Trump said discussions with Tehran are ongoing and described Iranian officials as becoming “very serious” in the negotiations. He stressed that while the US is not rushing to reach an agreement, preventing Iran from acquiring a nuclear weapon remains a top priority. The US president also stated that a previously mentioned “massive” military strike against Iran may not be necessary if diplomatic efforts produce results. Nevertheless, he made it clear that American forces remain on high alert and are fully prepared to respond if required. Trump said senior administration officials, including Secretary of State Marco Rubio and Vice President JD Vance, are involved in the ongoing diplomatic contacts with Iran. He did not provide further details about the negotiations or any possible timeline for an agreement. Iranian Foreign Minister Abbas Araghchi responded by saying Tehran would not be intimidated by threats or external pressure. Speaking during a regional meeting in Kyrgyzstan, he said Iran would continue defending its national interests and would not change its policies under pressure. Meanwhile, regional tensions remain high. Air raid sirens were reported in Bahrain as Iran claimed it continued targeting US military bases in Bahrain, Kuwait and Jordan. The situation has added to concerns over a wider conflict in the Gulf region. The Saudi-led coalition also announced military operations against Houthi positions in Yemen. Coalition officials said the strikes targeted military sites, while Houthi media reported damage to telecommunications and port facilities in Hodeidah and claimed that one civilian was injured. Violence also escalated in the occupied West Bank, where clashes involving Israeli settlers and Palestinians left several people dead. Rights groups have urged the international community to take immediate steps to prevent further violence and protect civilians.

  • |

    Shadab Khan and Sufiyan Muqeem sign Caribbean Premier League contracts

    ByJustpaste.in

    Pakistan international cricketers Shadab Khan and Sufiyan Muqeem have officially signed contracts to participate in the upcoming edition of the Caribbean Premier League (CPL), marking another significant milestone in their professional careers. The two players will represent the Antigua and Barbuda Falcons, one of the league’s competitive franchises, during the tournament. According to the announcement, Pakistan’s star all-rounder Shadab Khan and talented left-arm spinner Sufiyan Muqeem have reached an agreement with the Antigua and Barbuda Falcons and are set to feature for the team in the highly anticipated T20 competition. Both players will be available for seven matches each, providing the franchise with valuable experience and skill during the tournament. Shadab Khan is regarded as one of Pakistan’s most accomplished white-ball cricketers. Renowned for his leg-spin bowling, explosive lower-order batting, and exceptional fielding abilities, he has represented Pakistan in all three formats of international cricket. Over the years, he has also become a sought-after player in franchise leagues around the world, thanks to his versatility and leadership qualities. His participation in the Caribbean Premier League is expected to strengthen the Falcons’ squad, particularly in the middle overs where his spin bowling and ability to accelerate the scoring rate can prove decisive. Sufiyan Muqeem, on the other hand, is one of Pakistan’s emerging spin talents. The young left-arm spinner has impressed cricket fans and selectors alike with his control, variations, and ability to take wickets in crucial situations. His inclusion in the Antigua and Barbuda Falcons squad highlights the growing recognition of his abilities on the international franchise circuit. Playing in a prestigious tournament such as the CPL will provide him with an excellent opportunity to gain valuable experience, compete against some of the world’s finest T20 players, and further develop his game. The Caribbean Premier League is widely regarded as one of the most exciting T20 tournaments in the world. It attracts top cricketers from various countries and offers a competitive platform where experienced international stars and emerging talents perform alongside one another. Participation in such leagues not only enhances players’ exposure but also contributes to their overall development by allowing them to adapt to different playing conditions, strategies, and team environments. For the Antigua and Barbuda Falcons, the addition of Shadab Khan and Sufiyan Muqeem is expected to strengthen their bowling attack significantly. Shadab’s experience and all-round capabilities, combined with Muqeem’s promising left-arm spin, provide the team with greater balance and tactical flexibility. Their availability for seven matches each is expected to play an important role in the franchise’s campaign as they aim to achieve strong results during the tournament. The signing of these two Pakistani cricketers also reflects the increasing demand for Pakistan’s talented players in global T20 leagues. Their selection demonstrates the confidence international franchises have in Pakistan’s cricketing talent and provides both players with another opportunity to showcase their skills on a global stage. Fans will be eager to see how Shadab Khan and Sufiyan Muqeem perform for the Antigua and Barbuda Falcons as they look to make a strong impact in this season’s Caribbean Premier League.

  • |

    Pralhad Joshi named India’s new education minister

    ByJustpaste.in

    India’s Union Minister for Food and Consumer Affairs Pralhad Joshi has been given the additional responsibility of the Education Ministry. The development comes after the resignation of Dharmendra Pradhan. His resignation was accepted by the Indian president, according to an official notification. The notification also confirmed Joshi’s appointment to the additional portfolio. He will continue to handle his existing responsibilities while overseeing the Education Ministry. Speaking to journalists after the appointment, Joshi said he accepted the new responsibility with humility and a strong sense of duty. He thanked Prime Minister Narendra Modi for placing his trust in him. Joshi also praised the Modi government’s performance during its 12 years in power. He said the government had achieved several important milestones during this period. He added that the education sector had also witnessed major developments. Joshi acknowledged the work carried out by Pradhan during his tenure as education minister. He said Pradhan had played an important role in implementing India’s National Education Policy. According to Joshi, several significant initiatives were introduced during the previous four to five years. He also said India had made considerable progress in moving towards a new education system. Joshi pledged to carry out his new duties with dedication. He said he would use his abilities to fulfil the responsibilities assigned to him. The change at the Education Ministry follows weeks of student protests across India. The demonstrations were linked to allegations of examination paper leaks and irregularities. Students had demanded action from the authorities and greater accountability within the education system. Pradhan submitted his resignation on the 35th day of the protests. The 57-year-old minister stepped down as pressure continued to grow over the controversy. The protests were largely driven by young people. Their campaign gained significant attention through social media and public demonstrations. Pradhan’s resignation was subsequently welcomed by the protesters, who had made his removal one of their major demands. The leadership change now places Joshi at the centre of efforts to address the concerns surrounding India’s education and examination system. His immediate responsibilities are expected to include overseeing the ministry’s ongoing programmes and ensuring continuity in the implementation of education policies. The new minister will also face pressure to respond to concerns raised by students over examination procedures, transparency and accountability.

  • | |

    A$AP Rocky explains why he believes Kanye West was…

    ByJustpaste.in

    A$AP Rocky has made headlines after opening up about his relationship with Kanye West and explaining why he believes the rapper once felt jealous of the close creative bond he shared with the late fashion visionary Virgil Abloh. During a recent appearance on The Jason Lee Show, Rocky reflected on his early years in music and fashion, discussing how Abloh played a major role in shaping his artistic identity. The rapper claimed that Kanye’s attitude changed after seeing how closely he and Abloh were collaborating on creative projects. (Reddit⁠) According to Rocky, Abloh worked on several of his projects without expecting payment, including designing album artwork, contributing to tour concepts, and helping develop his creative direction. Rocky suggested that this close partnership may have sparked feelings of jealousy in Kanye, who had long been associated with Abloh in both music and fashion. (Reddit⁠) Despite the comments, Rocky made it clear that he still respects Kanye’s influence on modern culture. He praised the rapper as one of the industry’s biggest innovators, saying artists of his generation benefited from the doors Kanye helped open. However, Rocky also acknowledged that he does not agree with everything Kanye says or does, emphasizing that admiration does not mean unconditional support. (Complex⁠) Virgil Abloh and Kanye West shared one of the most influential creative partnerships in contemporary culture. Before becoming the artistic director of Louis Vuitton’s menswear division, Abloh worked closely with Kanye on album visuals, stage design, fashion projects, and the Yeezy brand. Their collaboration helped reshape the relationship between music and luxury fashion. When Abloh died from a rare form of cancer in 2021, Kanye publicly honored his longtime friend by dedicating one of his Sunday Service gatherings to the late designer. In later interviews, Kanye also admitted that he had experienced feelings of jealousy over Abloh’s appointment at Louis Vuitton, describing it as both painful and emotional. (Yahoo News⁠) Rocky’s latest remarks have reignited conversations about the complex relationships between three of fashion and hip-hop’s most influential figures. While some fans believe his comments simply provide additional context to a long-discussed story, others argue that they reopen old wounds surrounding Abloh’s legacy. So far, Kanye West has not publicly responded to Rocky’s claims. The rapper has remained silent on social media regarding the interview, leaving fans to speculate whether he will eventually address the remarks. Although the comments have generated significant online debate, Rocky repeatedly emphasized that he holds no ill will toward Kanye. Instead, he chose to recognize the late Virgil Abloh’s lasting influence on both his career and the broader creative industry. As fans continue to reflect on Abloh’s remarkable legacy, the discussion serves as another reminder of the profound impact he had on music, fashion, and culture around the world.

Leave a Reply

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