Business
High remittances push PSX up by 500 points | The Express Tribune
KARACHI:
The Pakistan Stock Exchange turned positive after three consecutive days of losses as the benchmark KSE-100 index rose nearly 500 points, driven by remittance data released by the State Bank of Pakistan.
In October 2025, the remittances from expatriate Pakistani workers abroad showed inflows of $3.4 billion. In terms of growth, the remittances spiked 7.4% month-on-month and 11.9% year-on-year.
At the commencement of trading in the morning, the stock market remained positive and after a couple of dips, it rose significantly by midday. Following the Friday break, the index advanced to the intra-day high of 160,436 points. Afterwards, investors resorted to profit-taking at higher levels, bringing the market down from its highs.
At close, the KSE-100 index recorded a modest increase of 496.11 points, or 0.31%, and settled at 159,592.90.
Topline Securities, in its market review, said that after a few consecutive negative trading sessions, some recovery was observed on Friday as the KSE-100 index largely traded in the positive zone. It closed at 159,593 points, up 0.31%.
Read More: PSX allows under-18 investors to open trading accounts
“This positivity can be attributed to remittance numbers for October 2025, which came in at $3.42 billion, up 12% YoY and 7% MoM,” it said.
Top positive contribution to the index came from Mari Energies, UBL, Meezan Bank, Pakistan Petroleum, NBP and MCB Bank as they cumulatively contributed 474 points.
Traded value-wise, Attock Refinery (Rs1.86 billion), Mari Energies (Rs1.57 billion), NBP (Rs1.4 billion), Hubco (Rs1.25 billion) and The Bank of Punjab (Rs819 million) dominated the activity. Traded volume and value for the day stood at 769 million shares and Rs30.7 billion, respectively, Topline added.
Business
Shyam Dhani Industries IPO Allotment Today: GMP At 100%; A Step-By-Step Guide To Check Status
Last Updated:
Unlisted shares of Shyam Dhani Industries are trading at Rs 140 apiece in the grey market, indicating 100% grey market premium (GMP) against the IPO issue price of Rs 70.
Shyam Dhani Industries IPO.
Shyam Dhani Industries IPO Allotment Date & Latest GMP: The allotment of the Shyam Dhani Industries IPO, which closed on Wednesday with a whopping 988.29x subscription, is scheduled to be finalised today, December 26. Investors will receive a bank debit or an unblock message once the allotment is finalised in the evening. They can also check the allotment status on the websites of the BSE, the NSE, and registrar Bigshare Services Pvt Ltd.
The Shyam Dhani Industries IPO received a blockbuster 988.29x subscription, garnering bids for 3,61,51,72,000 shares as against the 36,58,000 shares on offer. Its retail category got a 1,137.92x subscription, while its non-institutional investor (NII) quota got a 1,612.65x subscription. The QIB category received a 256.24x subscription.
Shyam Dhani Industries IPO GMP Today
According to market observers, unlisted shares of Shyam Dhani Industries Ltd are currently trading at Rs 140 apiece in the grey market, against the upper IPO price of Rs 70. It means 100% grey market premium (GMP), indicating blockbuster listing potential. Its listing will take place on December 30.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Shyam Dhani Industries IPO Allotment Today: A Step-By-Step Guide To Check Status Online
The Shyam Dhani Industries IPO allotment is expected to be finalised today, December 26, in the evening. The allotment status can be checked online by following these steps:
1) Visit registrar Bigshare Services’ portal – https://ipo.bigshareonline.com/ipo_status.html.
2) Under ‘Select Company’, select ‘Shyam Dhani Industries Ltd’ from the drop-box.
3) Enter your application number, demat account, or permanent account number (PAN).
4) Enter Captcha
5) Then, click on the ‘Search’ button.
Your share application status will appear on your screen.
Via the BSE
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Shyam Dhani Industries Ltd’ in the drop box.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
Via NSE’s Website
The allotment status can also be checked on the NSE’s website at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids.
Shyam Dhani Industries IPO: More Details
Shyam Dhani Industries aimed to raise Rs 38.49 crore through a book-built IPO, comprising a fresh issue of 0.55 crore equity shares. The public issue opened for subscription on December 22, 2025, and closed on December 24, 2025, with allotment likely to be finalised on December 26. The company is scheduled to debut on the NSE SME platform, with a tentative listing date of December 30, 2025.
The IPO was priced in the range of Rs 65–70 per share.
Founded in 1995, Shyam Dhani Industries Limited is an ISO-certified company engaged in the manufacturing, exporting, wholesale trading, and supply of premium spices. Its product portfolio includes spice powders and whole spices, along with grocery items such as black salt, rock salt, rice, poha and kasuri methi. The company also deals in herbs and seasonings like oregano, peri peri, chilli flakes, mixed herbs, onion flakes and tomato powder.
Financially, the company reported a 16 per cent rise in revenue and a 28 per cent increase in profit after tax in FY25 compared with the previous financial year.
Holani Consultants Pvt. Ltd. is acting as the book running lead manager as well as the market maker for the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar.
December 26, 2025, 11:22 IST
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Business
Indian Railways Train Fares Hike From Today – Here’s How Much More Youll Pay For Tickets
New Delhi: Indian Railways has rationalised its passenger fare structure with effect from December 26, to balance affordability for passengers and sustainability of its operations, the Ministry of Railways said in a statement on Thursday. The ministry clarified that under the revised fare structure, there is no change in fares for suburban services and season tickets, including both suburban and non-suburban routes.
For Ordinary Non-AC (Non-Suburban) services, fares have been rationalised in a graded manner across Second Class Ordinary, Sleeper Class Ordinary, and First Class Ordinary. In Second Class Ordinary, there is no increase in fare for journeys up to 215 km, ensuring that short-distance and daily commuters are not impacted.
For distances from 216 km to 750 km, the fare increases by Rs 5. For longer journeys, the increase is applied in steps — Rs 10 for distances between 751 km and 1250 km, Rs 15 for distances between 1251 km and 1750 km, and Rs 20 for distances between 1751 km and 2250 km, the statement explained.
In Sleeper Class Ordinary and First Class Ordinary, fares have been revised uniformly at the rate of 1 paise per kilometre for non-suburban journeys, ensuring a gradual and limited increase in fares.
In Mail and Express trains, the fare increase has been rationalised at 2 paise per kilometre across Non-AC and AC classes. This includes Sleeper Class, First Class, AC Chair Car, AC 3-Tier, AC 2-Tier, and AC First Class. As an illustration, for a 500 km journey in non-AC Mail and Express coaches, passengers will pay only about Rs 10 extra, the statement further explains.
The existing basic fares of major train services, including Tejas Rajdhani, Rajdhani, Shatabdi, Duronto, Vande Bharat, Humsafar, Amrit Bharat, Tejas, Mahamana, Gatimaan, Antyodaya, Garib Rath, Jan Shatabdi, Yuva Express, Namo Bharat Rapid Rail, and Ordinary non-suburban services (excluding AC MEMU/DEMU, where applicable), have been revised in line with the approved class-wise basic fare increases. The revision has been carried out uniformly and in a calibrated manner across applicable classes, the statement said.
Notably, no changes have been made in reservation fees, superfast surcharges, or other ancillary charges, which will continue to be levied as per existing rules. GST applicability remains unchanged, and fares will continue to be rounded off according to prevailing norms, the statement pointed out.
The revised fares are applicable only on tickets booked on or after 26 December 2025. Tickets booked before this date will not attract any additional charges, even if the journey is undertaken after the effective date, the statement further explained.
The fare list displayed at stations will also be updated to reflect the new fares effective from December 26, the statement added.
Business
Stock market today: Nifty50 above 26,100; BSE Sensex down over 140 points – The Times of India
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark Indies, opened in red on Friday on lacklustre global and domestic cues. While Nifty50 was just above 26,100, BSE Sensex was down over 140 points. At 9:16 AM, Nifty50 was trading at 26,101.30, down 41 points or 0.16%. BSE Sensex was at 85,267.87, down 141 points or 0.16%.Indian equity markets are expected to move in a narrow range as investors remain cautious in the absence of any major domestic economy triggers.Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “With only four more trading days left for the year 2025, what looked like a Santa rally, appears to be running out of steam. In the absence of fresh triggers like a US-India trade deal, the market is likely to consolidate around the present levels. Higher US GDP growth of 4.3% for the third quarter of 2025 is imparting resilience to the US market. The high and rising profitability of US companies, including the AI ones, might nudge other FIIs, particularly the fleet footed hedge funds, to increase selling in India in the near-term.” “The sustained buying by the cash rich DIIs will support the market and prevent a sharp pull back. The ideal investment strategy for investors now is to remain invested in high quality large caps and slowly accumulate them on declines. A rally in the market in the early stage of 2026 is on the cards. Investors should give high weightage to value while deciding to invest. Irrational valuations in some of the IPOs and the willingness of the newbie investors to buy stocks at excessive valuations are reflections of exuberance in the market.”Asian markets saw modest gains on Friday amid thin trading conditions. Japanese and South Korean equities advanced, while several other regional markets remained closed for holidays. In the commodities market, silver surged to a record high, while gold traded close to its all-time peak.Oil prices edged higher on Friday after the United States stepped up economic pressure on Venezuelan oil exports and carried out airstrikes against Islamic State militants in northwest Nigeria at the request of the Nigerian government.On the institutional front, foreign portfolio investors were net sellers of Indian equities worth Rs 1,721 crore on Wednesday, while domestic institutional investors provided support by purchasing shares worth Rs 2,381 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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