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Extensive selling at PSX leads to fifth straight loss | The Express Tribune

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Extensive selling at PSX leads to fifth straight loss | The Express Tribune



KARACHI:

The Pakistan Stock Exchange (PSX) lost more ground on Wednesday as early optimism gave way to extensive selling in the second half of the trading session. At close, the benchmark KSE-100 index recorded a loss of 941.03 points, or 0.63%, and settled at 147,494.03.

Concerns over severe flooding in the northern regions of the country triggered a shift in investor sentiment, leading to a sharp downturn in equities.

The index opened on a positive note, climbing steadily during morning hours and reaching the intra-day peak of 149,238 points. However, the upbeat momentum could not be sustained as news of flood devastation began circulating in the mid-session.

This reversal triggered aggressive offloading of stocks across key sectors, pushing the index sharply lower. The day’s low was recorded at 147,337, marking a sharp contrast to the earlier highs. It was the fifth straight day of losses for the benchmark index.

Topline Securities, in its report, wrote that the local bourse extended its losing streak as contract rollover week jitters kept investors cautious while flood warnings from NDMA further dampened sentiment. The authority highlighted a “very high to exceptionally high” flood risk in Lahore and parts of Punjab following heavy rains and release of water by India, with army aid sought in six districts.

The KSE-100 index closed lower by 941 points, slipping beneath the 147,500 mark. Despite an early rebound, selling pressure and risk aversion weighed on the benchmark index, Topline said. 

Gains in Meezan Bank, Engro Holdings and MCB Bank added 137 points to the index; however, they were overshadowed by declines in Habib Bank, Fatima Fertiliser, Service Industries, National Bank and Mari petroleum, which dragged the index down by 331 points.

Looking ahead, heightened rollover activity and prevailing flood worries are likely to keep the market volatile, with investors expected to remain cautious in the coming sessions, Topline predicted.
Arif Habib Limited (AHL) reported that the index extended its losing streak to a fifth consecutive session, sliding into the 147.5k range with some panic in the second half following news of major flooding in the north of the country.

Some 21 shares rose while 78 fell, where Meezan Bank (+0.95%), Engro Holdings (+0.61%) and MCB Bank (+0.79%) contributed the most to index gains. On the other side, Habib Bank (-1.38%), Fatima Fertiliser (-5.21%) and Service Industries (-6.42%) were the biggest drags.

Among financial news, AHL said, Pakistan plans to return to international capital markets either this year or next year by most likely floating Panda bonds, as mentioned by Finance Minister Muhammad Aurangzeb, who will be accompanying Prime Minister Shehbaz Sharif to attend the SCO conference in China next week. Additionally, the government is set to impose a 40% tax on the import of used cars.

Meanwhile, heavy monsoon rains have triggered flash floods across Pakistan that prompted PM Sharif to hold an emergency meeting. The meteorological department has warned of intense rainfall in the next 12 to 24 hours across Punjab. Sialkot, a manufacturing hub in the province, recorded 363.5mm of rains in the past 24 hours, the most in 49 years, AHL added.

Overall trading volumes increased to 856.7 million shares compared with Tuesday’s tally of 665.4 million. Traded value stood at Rs29.3 billion.

Shares of 477 companies were traded. Of these, 129 stocks closed higher, 312 dropped and 36 remained unchanged. Pace Pakistan topped the volumes chart with trading in 87.8 million shares, rising Rs1 to close at Rs7.06.



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Trade talks: India, EU wrap up 14th round of FTA negotiations; push on to seal deal by December – The Times of India

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Trade talks: India, EU wrap up 14th round of FTA negotiations; push on to seal deal by December – The Times of India


India and the 27-nation European Union (EU) have concluded the 14th round of negotiations for a proposed free trade agreement (FTA) in Brussels, as both sides look to resolve outstanding issues and move closer to signing the deal by the end of the year, PTI reported citing an official.The five-day round, which began on October 6, focused on narrowing gaps across key areas of trade in goods and services. Indian negotiators were later joined by Commerce Secretary Rajesh Agrawal in the final days to provide additional momentum to the talks.During his visit, Agrawal held discussions with Sabine Weyand, Director General for Trade at the European Commission, as both sides worked to accelerate progress on the long-pending trade pact.Commerce and Industry Minister Piyush Goyal recently said he was hopeful that the two sides would be able to sign the agreement soon. Goyal is also expected to travel to Brussels to meet his EU counterpart Maros Sefcovic for a high-level review of the progress made so far.Both India and the EU have set an ambitious target to conclude the negotiations by December, officials familiar with the matter said, PTI reported.Negotiations for a comprehensive trade pact between India and the EU were relaunched in June 2022 after a hiatus of more than eight years. The process had been suspended in 2013 due to significant differences over market access and tariff liberalisation.The EU has sought deeper tariff cuts in sectors such as automobiles and medical devices, alongside reductions in duties on products including wine, spirits, meat, and poultry. It has also pressed for a stronger intellectual property framework as part of the agreement.For India, the proposed pact holds potential to make key export categories such as ready-made garments, pharmaceuticals, steel, petroleum products, and electrical machinery more competitive in the European market.The India-EU trade pact talks span 23 policy chapters covering areas such as trade in goods and services, investment protection, sanitary and phytosanitary standards, technical barriers to trade, rules of origin, customs procedures, competition, trade defence, government procurement, dispute resolution, geographical indications, and sustainable development.India’s bilateral trade in goods with the EU stood at $136.53 billion in 2024–25, comprising exports worth $75.85 billion and imports valued at $60.68 billion — making the bloc India’s largest trading partner for goods.The EU accounts for nearly 17 per cent of India’s total exports, while India represents around 9 per cent of the bloc’s overall exports to global markets. Bilateral trade in services between the two partners was estimated at $51.45 billion in 2023.





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Indias Real Estate Equity Inflows Jump 48 Pc In Q3 2025: Report

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Indias Real Estate Equity Inflows Jump 48 Pc In Q3 2025: Report


NEW DELHI: Equity investments in India’s real estate sector jumped 48 per cent year-on-year to $3.8 billion in the July-September period (Q3), a report said on Friday. This growth in inflow was primarily fuelled by capital deployment into land or development sites and built-up office and retail assets, according to the report by real estate consulting firm CBRE South Asia.

In the first nine months of 2025, the equity investments increased by 14 per cent on-year to $10.2 billion — from $8.9 billion in the same period last year.

The report highlighted that land or development sites and built-up office and retail assets accounted for more than 90 per cent of the total capital inflows during Q3 2025.

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On the category of investors, developers remained the primary drivers of capital deployment, contributing 45 per cent of the total equity inflows, followed by Institutional investors with a 33 per cent share.

CBRE reported that Mumbai attracted the highest investments at 32 per cent, followed by Pune at around 18 per cent and Bengaluru at nearly 16 per cent.

Anshuman Magazine, Chairman and CEO – India, South-East Asia, Middle East and Africa, CBRE, said that the healthy inflow of domestic capital demonstrates the sector’s resilience and depth.

“In the upcoming quarters, greenfield developments are likely to continue witnessing a robust momentum, with a healthy spread across residential, office, mixed-use, data centres, and I&L sectors,” he added.

In addition to global institutional investors, Indian sponsors accounted for a significant part of the total inflows.

“India’s ability to combine strong domestic capital with global institutional participation will remain a key differentiator in 2026 and beyond,” added Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India.

CBRE forecasts a strong finish for the investment activity in 2025, fuelled by capital deployment into built-up office and retail assets.

For the office sector, the limited availability of investible core assets for acquisition indicate that opportunistic bets are likely to continue gaining traction, the report noted.



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EY and Microsoft launch AI skills passport: Free program to train youth in AI; focus on career growth – The Times of India

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EY and Microsoft launch AI skills passport: Free program to train youth in AI; focus on career growth – The Times of India


EY and Microsoft on Saturday launched the AI Skills Passport, a free online learning initiative aimed at equipping Indian students and early-career professionals with essential artificial intelligence (AI) skills. The program targets individuals aged 16 and above and is designed to bridge the country’s growing AI skills gap, according to an EY statement, ANI reported.Part of a global effort that has already engaged over 40,000 participants worldwide, the AI Skills Passport offers self-paced learning modules spanning around 10 hours, available in both English and Hindi. The curriculum covers AI fundamentals, responsible AI, and practical applications across sectors including healthcare, finance, and technology. Participants also receive guidance on job readiness, including resume tips, interview support, and networking insights.Learners who complete the program are awarded a verifiable digital badge, enhancing their professional profiles. The initiative is part of EY Ripples, EY’s global corporate responsibility programme, and will partner with not-for-profit organisations to ensure students from economically weaker backgrounds have access to mentorship, learning, and career guidance.Monesh Dange, Partner and Leader, Alliances and Ecosystems, EY India, said, “In an era where AI is revolutionising work, the AI Skills Passport addresses India’s urgent need for skilled talent. Together with Microsoft, we aim to ensure the program is accessible and impactful at scale.”Bhaskar Basu, Enterprise Partnerships Leader, Microsoft India & South Asia, added, “AI is transforming India’s digital economy, and youth are at its core. The AI Skills Passport brings high-quality AI learning to everyone, accelerating Microsoft’s goal to equip 10 million Indians with AI skills by 2030.”





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