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Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success Munir and Naqvi Join Makkah Pact Talks in Tehran Iran Says the Border Is Open as Pakistan Ships LPG by Sea Six Militants and Two Soldiers Killed in DI Khan Imran Khan’s Sisters Held for Another 30 Days Rights Commission Calls for the KP Emergency to End Makkah Pact Officials Head to Tehran for Security Talks Riyadh Airport Partly Reopens Two Weeks After Attack Indian Duty-Free Access Threatens Pakistan’s Textile Edge Peshawar Begins Polio Drive for 1.11 Million Children KSE-100 Loses 4,045 Points Over the Week Task Force Asks Industry for Export Proposals PTI Weighs Talks Against Protest Over KP Seven of One Family Killed in Murree Road Accident Mir Raza’s Father Asks for a JIT Member to Be Replaced Pakistan Rejects a $490m Loan as Too Expensive Minister Seeks Loan Rescheduling as Rates Bite at 25pc 31,000 Consumers Denied the Petrol Subsidy Portal Glitch Blocks Returning Pakistanis From Filing LPG Cargoes Down to Two as Senate Presses on Winter Fuel

Articles for tag: bounces, economic development, financial indicators, Interest, KSE-100 index, PSX, Renewed, rise of the stock market, Stock Exchange of Pakistan, Up 3.05%.

December 21, 2024

News Desk

PSX bounces back on renewed interest

Listen to the article KARACHI: The Pakistan Stock Exchange (PSX) made a strong comeback on Friday after intense selling pressure in recent days, as investors showed renewed confidence in the market’s resilience and pushed the KSE-100 over 3,000 points. Analysts attributed the rise to a combination of factors, including the government’s deliberations on the privatization of state-owned enterprises (SOEs), resolution of the issue of independent power producers’ (IPPs) capacity payments, rising exports, a rise in foreign exchange reserves and stability of the rupee. Despite pressures in the last three consecutive meetings, investors saw an opportunity in the market’s decline, caused

October 3, 2024

News Desk

Stocks jump over 900 points on renewed economic optimism in intraday trade

A broker takes a photo of a trading screen at the Pakistan Stock Exchange. — Reuters/File A day after closing flat, stocks rose more than 900 points in intraday trade on Thursday, testing the 83,000 barrier as easing inflationary pressures and stronger economic indicators prompted investors to bag high-yield stocks. The benchmark Pakistan Stock Exchange (PSX) KSE-100 gained 924.94 points, or 1.13%, to hit a high of 82,958.73 at around 2:06 p.m. Commenting on this sharp rise, Raza Jafri, Managing Director, EFG Hermes Pakistan, said lower bond yields make stocks more attractive, especially high dividend yielding and highly leveraged stocks.

September 26, 2024

News Desk

Rohingya in Bangladesh are hoping for renewed attention after Hasina’s ouster

A Rohingya refugee holds his child while carrying relief materials in a camp in Ukiah on September 12, 2024. — AFP Rohingya refugees have endured years of misery and violence in Bangladesh, but the ouster last month of Sheikh Hasina, the country’s authoritarian former prime minister, has given them new hope for the future. About a million members of the stateless and persecuted Muslim minority live in a vast patchwork of Bangladeshi relief camps after fleeing violence in their homeland next to Myanmar. In 2017, Hasina was praised by the international community for opening the border to an estimated 750,000

September 11, 2024

News Desk

Reopening of embassy in Damascus highlights renewed Saudi-Syrian relations

Listen to the article Saudi Arabia has officially reopened its embassy in Damascus after nearly 12 years. The announcement was made by Abdullah Al-Haris, Saudi Arabia’s acting chargé d’affaires in Syria, during a ceremony attended by Syrian ministers, senior officials and members of the diplomatic community. The deputy charge d’affaires of the Saudi Arabian Embassy in Syria Abdullah Al-Huraiz said that the reopening of the embassy in Damascus is an important moment in the history of relations between the two countries and peoples. He reaffirmed the embassy’s commitment and the dedication of its staff to strengthening bilateral relations between the

August 17, 2024

News Desk

The ceasefire in Gaza will be renewed next week

DOHA/CAIRO: Gaza ceasefire talks in Doha broke down on Friday with negotiators meeting again next week to seek an agreement to end fighting between Israel and Hamas and free the remaining hostages, as US President Joe Biden said that “we’re not there yet.” In a joint statement, the US, Qatar and Egypt said Washington presented a new proposal based on points of agreement last week, closing loopholes in a way that could allow a deal to be quickly implemented. Mediators will continue to work on the proposal, they said. “The path is now set for this outcome, saving lives, bringing

July 25, 2024

News Desk

Trump, Harris trade blows in renewed presidential race as Biden drops out

This combination of images shows US Vice President Kamala Harris and former US President Donald Trump. — Reuters/Files Biden addresses his nation as he withdraws from the presidential race. Trump faces the youngest presidential opponent in Harris. Harris was expected to select candidates by August 7. United States President Joe Biden addressed the nation on Wednesday for the first time since withdrawing from his bid for re-election, saying he had decided to abandon his personal ambition to save democracy in a calm Oval Office speech that contradicted with the hard campaign. Shortly before the speech, Republican presidential nominee Donald Trump

June 28, 2024

News Desk

Kenya experiences renewed protests despite overturning of president’s tax bill

NAIROBI: Protests continued in Kenya on Thursday, albeit on a smaller scale, despite President William Ruto’s decision to withdraw tax hike proposals and his promise to introduce austerity measures. Hundreds of people took to the streets of various cities across Kenya, although their numbers were significantly lower than earlier in the week. They defied appeals by Ruto and his deputy, Rigathy Gatsagua, who on Wednesday had urged them to call off the protests and enter into dialogue with the government. The protesters said they were protesting in memory of their colleagues who had been killed or injured in previous rallies.

June 26, 2024

News Desk

Rahul Gandhi faces new challenges amid renewed fortunes

Once dismissed as an “empty suit”, India’s perennial prime minister-in-waiting Rahul Gandhi has emerged from his third straight election defeat with his reputation boosted and his party back from the political wilderness. But analysts are divided on whether the 54-year-old — scion of a dynasty that has already given India three prime ministers — is ready for the next battle he faces. Already the leader of the opposition to Hindu nationalist Prime Minister Narendra Modi in all but name, Gandhi now takes the official seat in India’s parliament. Congress Party general secretary KC Venugopal said Gandhi will be “a bold

June 7, 2024

News Desk

Israeli forces strike central, southern Gaza as renewed ceasefire stalls

CAIRO: With no sign of progress in painstaking efforts by mediators to broker a ceasefire in the genocidal Gaza, Israeli tanks and warplanes bombarded central and southern areas of the enclave overnight, killing at least 23 Palestinians, local doctors said. Qatari and Egyptian mediators backed by the United States have sought to end hostilities, secure the release of Israeli hostages and Palestinians imprisoned in Israel, and get aid flowing into devastated Gaza to ease a humanitarian crisis. However, sources close to the talks said there was still no sign of a major breakthrough. Residents said Israeli tanks advanced further west

November 16, 2023

News Desk

Renewed drilling begins to rescue 40 trapped men

LUCK: Rescuers renewed efforts Thursday to reach 40 men trapped inside a collapsed highway tunnel in India for a fifth day, making slow progress as they began to drill through rock debris and soil. Authorities said they were confident an advanced drilling rig flown in from New Delhi would speed up the rescue at the site in the northern state of Uttarakhand. The plan is to drill a hole and make room for a pipe that can be used by the trapped men to crawl to safety. The drill had penetrated about 3 meters (10 feet) of debris by Thursday

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