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Articles for tag: extends, institutional, markets, Oil, profits, PSX, rally

August 6, 2025

News Desk

PSX extends rally to institutional markets, oil profits

Brokers are busy with Pakistan’s Stock Exchange (PSX) in Karachi on Wednesday 27 November 2024. – PPI Bourse continued its enlarged momentum on Wednesday, driven by institutional liquidity, remittance incentives and optimism of investors in key sectors, including oil and gas. The Pakistani Stock Exchange (PSX) reference index increased to an intra-business height of 144,285.74, gaining 1,248.58 points or 0.87%, while lowering the low of 143,409.59, an increase of 372.43 or 0.26%from 143,03,037. “There has been a turmoil of good news and the index has erupted from the technical resistance of 140. Of the 58 billion Rs to pending claims

July 12, 2025

News Desk

PSX extends record to investor interest

Listen to the article Karachi: The KSE-100 reference index on the Pakistani Stock Exchange (PSX) closed a new high record on Friday to install at 134,300 points, as the optimistic feeling prevailed amidst strong corporate results and ongoing institutional inputs. Investors’ activity was particularly fueled by UBL’s strong profits, which published a 99% increase on an annual basis (on an annual basis) in 1HCY25 earnings per share in RS26.07 and declared a higher than the expected dividend RS19 per share. The market range remained positive, with 55 stocks moving and 45 decreasing. UBL (+2.4%), Hubco (+1.6%) and Millat (+2.76%) tractors

June 28, 2025

News Desk

China extends compensation for flooding communities

China has expanded economic safeguards for its population -affected sections affected by flood control systems in times of extreme rainfall, including promises of immediate compensation by the central government and animal loss payments. In China, flood diversion in areas by the rivers is an important step in managing downstream flood. As extreme rainfall increases at frequency, China is increasingly using such areas, some of which have been used to date and have been supplemented by farms, arable land and even residential buildings, causing social tensions. According to the revised rules on compensation related to flood diversion released late Friday, the

June 12, 2025

News Desk

PSX extends rally as budget stability by increasing remittance remittances

A broker talks on the phone as he examines an index board showing the latest shares at PSX in Karachi on February 10th 2023. – AFP Bourse continued its upward momentum on Thursday, as investor confidence remained strong after the federal budget and increasing remittances. The Pakistani Stock Exchange (PSX) reference index went up to an intra-group high of 126,220.26, earning 1,867.58 points or 1.5%, crossing the sign of 126,000 points for the first time. The index reached a low 124,807.09, reflecting the 454.41 points or 0.37%. “The market is rallying for the latest sessions due to budget expectations, a

May 8, 2025

News Desk

Detroit extends the strong start of the MLB season

Detroit’s tigers expanded the strong start of the 2025 season with a fascinating victory over Colorado Rockies on Wednesday night. Supported by a relentless offense and another sharp excursion by Jackson Jobe, the tigers traveled to a comfortable victory in the first game in the series at Coors Field. The final score highlighted Detroit’s recent domination and Colorado’s ongoing suffering in a difficult season. Detroit entered the game with a 22-13 record and high in confidence, winning four of their previous five games-including a 13-1 Blowout over the angels. Their offense, with an average of 5.1 runs per game and

May 7, 2025

News Desk

Gold extends the rally, jumps of Rs6,100/tola

Listen to the article Karachi: Gold prices in Pakistan have expanded the sharp upward trend on Tuesday, reflecting a world fight driven by the renewed market from China and market concerns about possible US prices in pharmaceutical imports, while investors are waiting for the US policy. According to All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the price of gold per Tola increased by RS6,100, reaching RS356,100 on the local market. Similarly, the price for 10 grams increased by Rs5,232 to Rs305,300. This is followed by a profit of RS7,800 per Tola on Monday, when prices were climbed to RS350,000. Adnan

April 30, 2025

News Desk

Openai’s Chatgpt extends to e -commerce, taking Google and Amazon

An appropriate retailer goes wholesale shopping on the Faire platform connecting small brands with small retailers in this picture taken in Austin, USA, August 2019 – Reuters Chatgpt, the Chatbot operating with AI developed by Openai, extends its capabilities to online markets, a space dominated by Google, Amazon and traditional media review platforms News of the BBC reported, The new feature will allow users to receive personalized product recommendations, compare prices, read comments and access direct market links – all from chat interface. Openai clarified that the sentences are not paid ads, but are selected independently using AI algorithms. The

March 13, 2025

News Desk

ICC extends gratitude to PCB for successful hosting champion Trophy 2025

ICC Champions Trophy Picture. – ICC website Dubai: The Cricket International Council (ICC) issued a Thanksgiving note on Wednesday at the Pakistani Council (PCB) for the successful hospitality of Men’s Champions Trophy 2025, which was completed on Sunday. The famous tournament, which marked its return after 2017, was the first ICC tournament to host Pakistan since 1996. The eight team tournament, consisting of 15 matches, played from February 19 to March 9 in three Karachi, Lahore and Rawalpindi-Pakistan, while the final champions of India played all their games in Dubai. In a statement published by the Cricket Administrative Body, ICC

December 19, 2024

News Desk

PSX extends losses amid concerns over profit-taking and foreign outflows

A stockbroker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, December 11, 2024. — PPI The stock market remained under intense selling pressure on Thursday, extending its decline from the previous day as aggressive speculation and cautious investor sentiment on concerns about foreign outflows. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) plunged 4,795.32 points, or -4.32%, to close at 106,274.97. This marks the steepest one-day drop in the market’s history, surpassing Wednesday’s historic one-day drop of 3,790 points. Ahsan Mehanti, Managing Director and CEO of Arif Habib Commodities, said: “Shares [are] weigh on

October 13, 2024

News Desk

Cristiano Ronaldo extends his international goals tally as Portugal beat Poland

Portugal’s Cristiano Ronaldo reacts after winning the UEFA Nations League match against Poland at PGE Narodowy in Warsaw, Poland on October 12, 2024. — Reuters Portugal captain Cristiano Ronaldo once again shone on the pitch after scoring another goal for his national team as they beat Poland 3-1 for their third straight Nations League win on Saturday. Bernardo Silva volleyed Portugal ahead in the 26th minute in Warsaw as Bruno Fernandes cleverly nodded Ruben Neves’ cross towards the Manchester City midfielder. Ronaldo was then in the right place at the right time to turn in the rebound for the Portuguese’s

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