psx surges 5335
| | |

PSX surges 5,335 points as investor confidence str…

ByJustpaste.in

Stock Exchange (PSX) recorded a strong performance during the outgoing business week, with the benchmark 100 Index gaining 5,335 points amid renewed investor confidence.

The KSE-100 Index closed the week at 181,430 points, marking a significant rise from the previous level. During the week, the index traded within a range of 4,963 points, reaching a high of 182,007 points while its lowest level stood at 177,043 points.

Trading activity also remained robust, with approximately 3.74 billion shares changing hands during the week at a total value of around Rs169 billion.

The positive momentum was further reflected in the overall market valuation. The market capitalisation of the PSX increased by Rs482 billion over the week, reaching Rs20.237 trillion.

Market sentiment remained positive as investors closely monitored developments surrounding the Iran-US conflict and signs of a possible pause in hostilities, which helped support confidence in the local equity market.

Similar Posts

  • |

    High-level flooding hits head Qadirabad in the Chenab River

    ByJustpaste.in

    Following flooding at Head Marala and Khanki, a high-level flood has also occurred at Head Qadirabad in the Chenab River. According to the Flood Forecasting Division in Lahore, the water inflow at Head Qadirabad has risen to 236,000 cusecs. Meanwhile, Head Balloki on the Ravi River is experiencing moderate flooding as water flow has increased to 73,635 cusecs. Low-level flooding continues at Nowshera along the Kabul River, as well as at Kalabagh and Chashma Barrage on the Indus River. In Balochistan’s Sibi Division, high-level flooding was recorded at Hedgogi in the Lehri River, with water flow reaching 95,913 cusecs. The flood situation escalated after India released a large volume of water towards Pakistan following heavy rainfall in occupied Kashmir. The water release has created a risk of major flooding, prompting authorities to issue a high alert for regions including Sialkot and Wazirabad. In a related incident, rescue officials successfully saved five individuals who became stranded in the Chenab River in Sialkot. The workers were returning from work when their boat broke down mid-transit.

  • | | | |

    Trump weighs massive strike on Iran

    ByJustpaste.in

    US President Donald Trump is considering launching a new large-scale military operation against Iran, raising fears of a further escalation in tensions across the Middle East. According to reports, the proposed operation could be larger than previous US military strikes carried out against Iranian targets earlier this year. Trump said he was close to making a decision but stressed that no final order had been issued. He said the United States was fully prepared to act if necessary and claimed military plans were already in place. US officials, however, said no formal authorization for a new attack has yet been given. The US president also said Israel could join any future military operation if requested, although he maintained that American forces were capable of carrying out such an operation on their own. Trump accused Iran of refusing to accept the latest diplomatic proposal presented through mediation efforts. He claimed Tehran was delaying negotiations despite increasing military and economic pressure. The remarks came amid continued efforts by international mediators to prevent the conflict from expanding. The US president also warned that Washington would hold Iran directly responsible if Yemen’s Houthi movement launched further attacks on commercial shipping. His warning followed Houthi claims that they had targeted two Saudi oil tankers in the Red Sea using missiles and drones. Trump said any future attacks on commercial vessels would trigger a strong military response against both the Houthis and Iran. He accused Tehran of supporting the armed group and said the United States would not tolerate threats to international shipping routes. Iran responded sharply to the US statements. Foreign Ministry spokesman Esmaeil Baghaei warned American military personnel against targeting civilian infrastructure, saying attacks on facilities such as bridges and power stations would violate international law. He stressed that military personnel remain legally responsible for carrying out unlawful orders. US Secretary of State Marco Rubio said Washington’s main objective remains preventing Iran from acquiring nuclear weapons. He accused Tehran of repeatedly violating previous agreements and said the Iranian leadership continued to support armed groups across the Middle East instead of addressing domestic economic challenges. Rubio also urged Yemen’s Houthis to avoid becoming more deeply involved in the regional conflict. He said further attacks on Saudi Arabia or international shipping would only increase instability and could trigger broader military action. Meanwhile, Oman said it is working with Saudi Arabia, regional partners and the United Nations to revive Yemen’s political peace process. Omani officials called for restraint from all sides and emphasized the importance of protecting freedom of navigation in the Red Sea. Regional tensions continued to grow as Bahrain activated emergency warning sirens following reports of a possible Iranian attack. Authorities advised residents to remain calm and move to safe locations, although no casualties or damage were immediately reported. Jordan’s armed forces also announced that their air defence systems had intercepted several missiles and drones over the past 24 hours. Military officials said three missiles and six drones were destroyed before reaching populated areas, while another missile landed in an uninhabited location without causing damage. The Houthis said they carried out missile and drone attacks on two Saudi oil tankers as part of what they described as a maritime blockade. Shipping companies have already begun changing routes to avoid the Bab el-Mandeb Strait, increasing concerns over global oil supplies and international trade. Iranian military officials warned that if US attacks continue, Tehran will introduce new military strategies designed to make future operations more difficult for its opponents.

  • | | |

    Fatima Zahra secures Pakistan’s first Commonweal…

    ByJustpaste.in

      Pakistan received its first major success at the Commonwealth Games as national boxer Fatima Zahra secured a place in the women’s boxing semifinals, guaranteeing the country’s first medal of the tournament. Competing in the women’s 60kg weight category, Fatima Zahra delivered a dominant performance in the quarterfinals, defeating New Zealand’s Jordan Wilson by a unanimous 5-0 decision. With the victory, the Pakistani boxer advanced to the semifinals and ensured at least a bronze medal for her country under the competition’s boxing format. The quarterfinal bout took place at the SEC Hall Five in Glasgow, where Fatima Zahra displayed confidence, composure, and technical superiority throughout the contest. She controlled all three rounds with disciplined boxing, combining effective footwork, accurate punches, and strong defensive skills to keep her opponent under pressure from the opening bell until the final round. Her impressive display left no room for doubt among the judges. All five judges scored the contest in her favor, awarding her a comprehensive unanimous decision victory over Jordan Wilson. The result marked one of Pakistan’s most significant achievements at the ongoing Commonwealth Games and provided an early boost to the country’s medal hopes. According to the boxing competition rules, every athlete who reaches the semifinals is guaranteed at least a bronze medal, as there is no third-place playoff. By advancing to the last four, Fatima Zahra officially secured Pakistan’s first medal of the Games, regardless of the outcome of her semifinal contest. The achievement is another milestone in Fatima Zahra’s growing international career. She has consistently represented Pakistan on the global stage and has already established herself as one of the country’s leading female boxers. Her latest success reflects both her dedication and the steady progress she has made through years of hard work and international competition. This is not the first time Fatima Zahra has won a medal for Pakistan at a major sporting event. She previously claimed a bronze medal at the Islamic Solidarity Games, where her performances earned widespread praise and highlighted her potential to compete against some of the best boxers in the region. That experience has helped strengthen her confidence and prepared her for bigger challenges on the international stage. Following her convincing victory in the quarterfinals, Fatima Zahra has now set her sights on the semifinal, where she will aim to continue her winning run and secure a place in the gold medal match. A victory in the next round would guarantee Pakistan either a silver or gold medal, making it one of the country’s most notable boxing achievements in recent years. Her qualification for the semifinals has been welcomed as an encouraging moment for Pakistan’s sporting community, particularly for women’s boxing, which continues to grow despite facing limited resources and opportunities. Fatima Zahra’s success is expected to inspire aspiring female athletes across the country and demonstrate that Pakistani women can compete successfully at the highest levels of international sport. With a guaranteed bronze medal already secured, all eyes will now be on Fatima Zahra as she prepares for the semifinal showdown. Pakistani fans will be hoping she can maintain her outstanding form, overcome her next opponent, and move one step closer to winning the Commonwealth Games title, adding another memorable chapter to Pakistan’s sporting history.

  • |

    Punjab considers three-day Basant Festival in Lahore for March 2027

    ByJustpaste.in

    By Muhammad Hussain LAHORE: The Punjab government has proposed holding a three-day Basant festival in Lahore on March 12, 13 and 14, 2027, with preparations reportedly beginning at the administrative level. The proposed dates for the traditional kite-flying festival will be submitted to Punjab Chief Minister Maryam Nawaz for approval. The final decision on the dates and arrangements for Basant 2027 will be taken by the chief minister. Administrative preparations for holding the three-day festival have also been initiated, while relevant authorities are working on arrangements for the event. The proposal is aimed at holding Basant in Lahore over three consecutive days, subject to final approval from the Punjab chief minister.

  • Death toll in Kabal suicide bombing rises to 17; Chief Minister, IGP visit Swat, JIT announced

    ByJustpaste.in

    SWAT: The death toll from the suicide bombing at the main gate of Kabal Police Station in Pakistan’s northwestern Swat district has risen to 17 after two more injured victims succumbed to their wounds, officials said on Monday. The deceased include seven police personnel and 10 civilians, while more than 23 injured people remain under treatment at various hospitals. Funeral prayers for the victims were offered before they were laid to rest in their native villages. Markets across Kabal remained completely shut as residents observed a day of mourning. Police have registered a First Information Report (FIR) against unidentified terrorists at the Counter Terrorism Department (CTD) Police Station in Kabal. The case includes charges of murder, attempted murder, and terrorism-related offences under Pakistan’s Anti-Terrorism Act. Preliminary investigations indicate that the suicide bomber used between six and eight kilograms of explosives. Inspector General of Police (IGP) Khyber Pakhtunkhwa Zulfiqar Hameed paid an emergency visit to Swat following the attack. He visited the injured police personnel and civilians receiving treatment at Saidu Sharif Teaching Hospital, inquired about their condition, praised their courage, and wished them a speedy recovery. The IGP also directed doctors and medical staff to ensure the best possible treatment for the injured. Additional Inspector General CTD, Regional Police Officer Malakand, and District Police Officer Swat accompanied him during the visit. Later, the IGP chaired a high-level security meeting at the Regional Police Office Malakand to review the overall law and order situation in the region and assess the progress of the investigation into the attack, including efforts to identify the perpetrators and their facilitators. Officials informed the meeting that the suicide bomber had been identified and that investigators were using modern forensic and technological methods to expedite the probe. The IGP instructed authorities to ensure the swift arrest of everyone involved and bring them to justice. Speaking to reporters, Zulfiqar Hameed announced that a Joint Investigation Team (JIT) would be constituted to investigate the bombing. He said the families of the fallen police personnel would receive the full martyrs compensation package. He added that stringent security arrangements had already been in place due to potential threats and that police officers displayed exceptional bravery by preventing the suicide bomber from reaching the main target, thereby averting even greater casualties. He reaffirmed that terrorists would not be allowed to regroup and said police continue to receive modern weapons, equipment, and operational support. Meanwhile, Khyber Pakhtunkhwa Chief Minister Muhammad Suhail Khan Afridi arrived in Swat along with Special Assistant for Home Tariq Saeed, Chief Secretary Shahab Ali Shah, and the provincial police chief. The chief minister met the families of the victims, offered condolences, and prayed for the departed. He also visited the injured at Saidu Sharif Teaching Hospital and directed hospital authorities to ensure they receive the best available medical care. The chief minister later chaired a high-level meeting on the security situation in Swat, where he was briefed on the bombing, the region’s overall security environment, and the ongoing counterterrorism operations. Addressing the meeting, Afridi said the people and police of Khyber Pakhtunkhwa were paying the price for what he described as the federal government’s flawed security policies. However, he stressed that the sacrifices made by police personnel and innocent civilians in the fight against terrorism would not go in vain. He called for unity among the public, police, and all political and religious stakeholders to defeat terrorism, describing the current campaign as a decisive phase in eliminating the threat. The chief minister said the provincial government was providing all necessary resources to the Khyber Pakhtunkhwa Police and the Counter Terrorism Department (CTD), including a Rs20 billion allocation to strengthen the police force’s operational capacity. Reaffirming his government’s commitment to restoring peace, Afridi expressed confidence that Khyber Pakhtunkhwa would overcome the security challenge and declared that the 2026–27 fiscal year would be a year of peace, development, and prosperity for the province.

Leave a Reply

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