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Articles for tag: business, early, evaporate, gains, late, Latest, PSX, selling, succumbs

December 24, 2025

News Desk

Early gains evaporate as PSX succumbs to late selling

Trading on the Pakistan Stock Exchange (PSX) remained range-bound as cautious investor behavior kept volatility high throughout the session. The benchmark KSE-100 closed at 170,830.22, down 243.51 points or 0.14%. Despite the subdued close, the index traded in a wide range, touching an intraday high of 171,587.32 and a low of 170,641.13, reflecting uncertainty over the near-term direction. Earlier in the day, sentiment appeared positive, with the market gaining more than 300 points during after-hours due to selective buying. Investors showed interest in industry heavyweights, particularly commercial banks, fertilizer, oil and gas companies, oil marketing companies and refiners, which contributed

December 5, 2025

News Desk

Doctor jailed for selling ketamine to Matthew Perry

An emotional hearing in federal court in Los Angeles on Wednesday brought Matthew Perry’s family face-to-face with Dr. Salvador Plasencia, the doctor who pleaded guilty to selling ketamine to the late Friends star. Perry’s sister and mother gave tearful statements about the actor’s struggles with addiction and the devastating impact of his 2023 overdose death. Judge Sherilyn Peace Garnett sentenced Plasencia, 44, to 2½ years in prison, along with two years of probation and a $5,600 fine. The judge emphasized that while Plasencia did not provide the ketamine that directly caused Perry’s death, she “helped Mr. Perry on the path

November 18, 2025

News Desk

PSX stumbles as index sheds 752 points amid broad-based selling

Market participation remained strong, with the KSE All Share Index reporting a turnover of 1.5 billion shares The Pakistan Stock Exchange suffered another choppy session as selling pressure in the last few hours dragged the market sharply lower by 0.47%. What started as a relatively steady session quickly changed as investors turned to risk, leading to a wave of profit-taking in major sectors such as auto assemblers, cement makers, commercial banks, fertilizer producers and oil and gas exploration companies. In the morning, trading started in a calm mood as the index moved between gains and losses throughout the day, but

November 17, 2025

News Desk

KSE-100 loses 248 points as late selling wipes out early gains

Total trading volume rose to 1.2 billion shares from the previous session’s close of 673.4 million A volatile session was witnessed in the Pakistan Stock Exchange, with the benchmark KSE-100 losing 248.01 points, or 0.15%, as late-session selling pressure erased earlier gains. The market opened positively and climbed to an intraday high of 163,602.16 by midday. However, momentum weakened in the afternoon and firm selling dragged the index down to 161,481.69 points. In major news, Pakistan’s Current Account Balance recorded a deficit of $112 million in October 2025 compared to a surplus of $83 million in September 2025. Sentiment was

November 11, 2025

News Desk

Selling pressure returns to PSX as political security concerns unsettle investors

After a day of strong markets, the Pakistan Stock Exchange (PSX) saw a sharp reversal on Tuesday as heavy selling gripped the market amid heightened political uncertainty, security fears and regional tensions. The KSE-100 index plunged 3,667.90 points, or 2.27%, to close at 157,870.50. During the session, the index moved between an intraday high of 161,516.75 and a low of 157,765.92, reflecting a volatile trading day dominated by risk aversion. Investor confidence weakened after the Senate passed the 27th Constitutional Amendment by a two-thirds majority, increasing political uncertainty. Reports of terror attacks in Islamabad and Ghana further deepened investor concern,

Man was arrested for selling fake water Zamzam to Sharjah

Listen to the article Authorities in Sharjah have disassembled an illegal water bottling operation after discovering a residential property used for the bottle and selling ordinary tanks as a zamzam water, Khaleej Times reported on Wednesday. Saria’s Saria Municipality carried out the raid in coordination with the Control and Inspection Department and the Department of Health Control and Safety following routine inspections that raised red flags. Employees observed vehicles loading bottled water from a house, causing immediate action. During the raid, a person was caught in the premises, where the cartons and plastic bottles that were falsely marked as Zamzam

December 11, 2024

News Desk

Indian woman arrested for selling newborn baby to pay off husband’s debts

This is a representational image of a baby’s hands. — Facebook/Passiontvng Police have arrested a woman who sold her newborn baby to pay off her husband’s debts in the Ramanagara district of Karnataka state, India. Economic Times reported on Wednesday. The 40-year-old woman sold her 30-day-old baby for INR 150,000, however, the child was rescued by the police, who were then placed in a welfare home in Mandya. The woman’s husband had filed a missing person report two days after the baby disappeared on December 7 as he suspected his wife’s involvement in the disappearance of their newborn son. The

November 16, 2024

News Desk

The government is considering selling PIA to G2G after a failed privatization bid

Crew members disembark from a Pakistan International Airways (PIA) flight at Kabul airport, Afghanistan on September 13, 2021. — AFP Dar-led CCoP rejects Blue World City’s Rs 10 billion privatization offer. The government is considering deals with China, Gulf countries including Qatar. These countries can play a key role in privatizing PIA, says an official. ISLAMABAD: After failing to attract the required bid to privatize Pakistan International Airlines (PIA), the incumbent government is now considering a government-to-government (G2G) sale of the national carrier, The News he said, citing an official on Saturday. The Cabinet Committee on Privatization (CCoP), chaired by

November 13, 2024

News Desk

Selling 4% of IMF gold could provide debt relief to 86 countries: study

Gold bars are displayed at the Austrian gold and silver separation plant ‘Oegussa’ in Vienna, Austria, March 18, 2016. — Reuters To help provide debt relief to low-income countries devastated by climate-related disasters, the International Monetary Fund (IMF) should sell 4% of its gold holdings, study finds, as climate finance dominates in the first talks at the COP29 summit. Selling the Washington-based lender’s 4% stake in gold would bring in $9.52 billion, according to the study, which covers debt relief for 86 countries. From the Caribbean to Africa, low-income countries have turned to the IMF in recent years for support

September 15, 2024

News Desk

Selling Sunset’s Mary Bonnet recalls a traumatic drug-fueled encounter

Selling Sunset’s Mary Bonnet recalls a traumatic drug-fueled encounter Estate agent and reality star Mary Bonnet has included a chapter about a traumatic bout of drug abuse in her new memoir Sunshine for sale. Bonnet has spoken at length about the encounter in her new book, referring to the culprit as Joe, Page six recently revealed. According to the excerpt from chapter six “Rock Bottom,” the luxury broker met the man a decade ago on Memorial Day, noting that the “repercussions” of that experience “still haunt [her].” Bonnet revealed that she was invited to Joe’s house in Los Angeles, where

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