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Articles for tag: Bears, dominate, PSX, selloff, Speculative, yearend

December 27, 2024

News Desk

Bears dominate PSX amid year-end speculative sell-off

Stockbrokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Wednesday, November 27, 2024. — PPI The KSE-100 fell to an intraday low of 109,858.88. The decline reflects the impact of year-end portfolio adjustments. Weak rupee, foreign outflows contributed to downward trend: analyst. The stock market faced continued downtrends on Thursday as year-end profit-taking and selling weighed on investor sentiment. Despite support from improving macroeconomic indicators, tighter tax reforms and broader economic uncertainties contributed to a cautious market stance. The benchmark Pakistan Stock Exchange (PSX) KSE-100 initially climbed to an intraday high of 112,480.6 but later fell

December 27, 2024

News Desk

Bosch and Paterson dominate as Pakistan are all out for 211

Listen to the article South Africa dominated the first day of the Boxing Day Test, reaching 82 for 3 after their bowlers restricted Pakistan to 211 in the first innings in Centurion. Pakistan got off to a good start as both openers saw the new ball and added 36 crucial runs for the first wicket. This prompted Temba Bavuma to make his first change of the day, which proved effective. Debutant Corbin Bosch took the wicket of the first ball of his Test career, taking the wicket of Pakistan skipper Shan Masood, who scored 17 before being caught at slip.

December 26, 2024

News Desk

Sam Konstas shines on debut as Australia dominate India in MCG Test

Listen to the article Australia dominated the opening day of the Boxing Day Test against India in Melbourne thanks to a superb display from teenage debutant Sam Konstas and a steady return to form from veteran Steve Smith. After being put into bat by captain Pat Cummins, Australia ended the day on 311/6, with Smith unbeaten on 68 and Cummins at the crease on 8. Pace spearhead Jasprit Bumrah showed his class by picking up three key wickets, including the crucial dismissal of Travis Head for a duck, but Australia’s top order made good progress. Along with Smith, Marnus Labuschagne

December 19, 2024

News Desk

Punjab, KP dominate squash events

This undated photo shows an exterior view of the Jinnah Stadium in Islamabad. — Radio Pakistan ISLAMABAD: Punjab and Khyber Pakhtunkhwa (KPK) demonstrated their dominance in the men’s and women’s events, respectively, as the Quaid-e-Azam Inter-Provincial Games witnessed thrilling squash finals on Wednesday at the Roshan Khan Squash Complex, Islamabad In the men’s individual final, Punjab’s Sakhi Ullah Tareen showed remarkable skill to win the gold medal, while Abdullah Nadeem Butt, also from Punjab secured the silver, cementing Punjab’s top spot in the event. KP’s Ubaidullah won the bronze medal with a resilient performance. In the women’s event, KP’s Zohra

December 18, 2024

News Desk

Real Madrid dominate Pachuca to lift Intercontinental Cup trophy

Real Madrid’s Brazilian striker #7 Vinicius Junior poses with the Ballon d’Or award during the podium ceremony after the 2024 FIFA Intercontinental Cup Final between Spain’s Real Madrid and Mexico’s Pachuca at the Lusail Stadium in Doha on 18 December 2024. — AFP. DOHA: Real Madrid secured an emphatic 3-0 win against Mexico’s Pachuca to lift the Intercontinental Cup in Doha on Wednesday. Bape opened the scoring in the 37th minute before Rodrigo doubled Madrid’s lead early in the second half. Vinicius sealed a comfortable win for the Spanish and European champions with a penalty. France forward Mbappe returned to

December 18, 2024

News Desk

Pakistan’s prodigies dominate the US Open Squash Championship

Mahnoor Ali (second left) at the US Junior Open Squash Championships. — Journalist In a moment of national pride, Mahnoor Ali and Harmas Raja, two rising stars of Pakistani squash, achieved historic victories at the US Junior Open Squash Championships held at the Arlen Specter US Squash Center in Philadelphia on Tuesday afternoon. Their victories mark a major milestone for Pakistan on the world squash stage. Mahnoor Ali became the first Pakistani player to win the Girls Under-13 title at the US Junior Open. Third, Mahnoor produced a spectacular performance in the final, beating top seed Linda Elsayed of Egypt

September 19, 2024

News Desk

Bulls dominate the PSX as stocks gain more than 1,400 points

A stockbroker reacts while watching the market on the electronic board showing stock prices during the session at the Pakistan Stock Exchange, in Karachi, Pakistan, July 3, 2023. — Reuters KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bullish session on Thursday as KSE-100 shares crossed the 82,000 mark on hopes of a rate cut. The benchmark KSE-100 stock index hit 81,927.59 in intraday trading, up 1,466.26 points or 1.82% from its previous close of 80,461.33. At one point, shares touched an all-time high of 82,000.89 around 11:45 am. This is a KSE-100 chart. — PSX website Samiullah Tariq, head

August 30, 2024

News Desk

Bulls dominate PSX on funding hopes

KARACHI: Despite significant volatility, the Pakistan Stock Exchange (PSX) recorded notable gains on Thursday, fueled by positive factors such as falling bond yields and optimism about bridging the external financing gap. These factors, coupled with the impending approval of the $7 billion Extended Facility (EFF) by the Executive Board of the International Monetary Fund (IMF), supported the stock market in maintaining its upward momentum. Moody’s upgrade of Pakistan’s rating to Caa2 and a positive outlook on reduced default risk, announced a day ago, helped the market advance. In the morning, trading started on a bullish note, with the KSE-100 index

August 19, 2024

News Desk

Pakistani fighters dominate as the MMA Championship returns to Lahore

LAHORE: Four Pakistani fighters emerged victorious on the first day of the Brave Combat Mixed Martial Arts (MMA) Asian Championship, held at the DHA Sports Complex in Lahore on Sunday. The successful fighters — Abbas Khan, Zia Mishwani, Ismail Khan and Rizwan Ali — secured victories, while one Pakistani fighter, Aqib Awan, faced defeat. Featuring twelve teams from eleven countries, this championship marks a major event in the region’s MMA landscape. The event coincided with the return of BRAVE Combat Federation with BRAVE CF 85. This highly anticipated event featured top MMA fighters from Pakistan alongside internationally renowned athletes, highlighting

July 28, 2024

News Desk

Australia’s swimming stars dominate with double gold wins

PARIS: Ariarne Titmus kicked off Australia’s success in Paris Olympic swimming by winning the 400m freestyle on opening night at La Defense Arena on Saturday. Titmus, defending her title, triumphed in a thrilling match against Canada’s Summer McIntosh and American legend Katie Ledecky. McIntosh, a 17-year-old prodigy, took silver, marking her first Olympic medal, while Ledecky settled for bronze. The much-anticipated race, reminiscent of the 2004 “Race of the Century” between Michael Phelps, Ian Thorpe and Pieter van den Hoogenband, captivated the crowd from the start. Despite the immense pressure, Titmus expressed relief and satisfaction after her win. In the

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