Business
Pakistan Stock Market Hits Historic Peak at 169,000 Points – SUCH TV
The Pakistan Stock Exchange (PSX) on Friday stormed ahead with its robust bull-run, trampling the 169,000-mark barrier for the first time in its history as economic and geopolitical developments continued to boost investors’ confidence.
At 9:42 am, PSX’s benchmark KSE-100 Index recorded a gain of 1,107.51 points, or 0.65 percent, to reach 169,597.13 points, a historic high.
In total, 407 companies traded their shares so far, of which 244 recorded gains, 143 lost value, and 20 remained unchanged.
Analysts opined that liquidity from mutual funds was driving up the index.
There was FOMO (fear of missing out) and disbelief of a correction, they added.
They maintained economic sentiment is positive after improving US ties also.
Mid-caps with growth triggers are beginning to rerate, they added.
On Thursday, the Pakistan Stock Exchange (PSX) continued with bullish trend, as the benchmark KSE-100 index gained 2,849.29 points, showing a positive change of 1.72 percent, closing at 168,489.63 points.
A total of 1,573,381,774 shares were traded during the day compared to 1,639,021,153 shares the previous day, whereas the share value stood at Rs 70.19 billion against Rs 69.66 billion on the last trading day.
The three top-trading companies were Bank of Punjab with 148,116,348 shares at Rs 32.78 per share, WorldCall Telecom with 133,874,930 shares at Rs 1.82 per share, and K-Electric Ltd. with 115,986,210 shares at Rs 7.22 per share.
Unilever Pakistan Foods Limited witnessed a maximum increase of Rs 699.33 per share, closing at Rs 31,964.33, followed by Supernet Technologies Limited which rose by Rs 62.08 to close at Rs 1,556.41.
On the other hand, PIA Holding Company LimitedB recorded a maximum decrease of Rs 573.97 per share to close at Rs 25,026.03, followed by Rafhan Maize Products Company Limited which declined by Rs 111.26 to close at Rs 9,898.70.
Business
Lidl and Iceland ads banned under new ‘less healthy’ food rules
Ads for supermarkets Lidl and Iceland have become the first to be banned under new rules governing “less healthy” food and drink.
The rules, which came into effect at the beginning of the year, are part of Government efforts to tackle childhood obesity by preventing ads for food and drink that is high in fat, salt and sugar (HFSS) appearing on television between 5.30am and 9pm, and online at any time.
The new ban applies to products that fall within 13 categories considered to play the most significant role in childhood obesity, including soft drinks, chocolates and sweets, pizzas and ice creams, but also breakfast cereals and porridges, sweetened bread products, and main meals and sandwiches.
Products that fall into these categories are than also assessed as to whether they are “less healthy” based on a scoring tool that considers their nutrient levels and whether products are high in saturated fat, salt or sugar.
Only products that meet both of the two criteria are included in the restrictions.
The Advertising Standards Authority (ASA) said an Instagram post for Lidl Northern Ireland by influencer Emma Kearney featured the grocer’s cheese pretzel, which was not categorised as HFSS and therefore did not fall within the restrictions, and its Pain Suisse product, which was classified as both HFSS and a sweetened bread product and was therefore banned under the new rules.
Lidl said the ad had been removed and they had liaised with their marketing agency to ensure that all future ads complied with the new rules.
In a separate case, Iceland confirmed that two ads included a tub of Swizzles Sweet Treats, a packet of Chupa Chups Laces, a bag of Chooee Disco Stix and a bag of Haribo Elf Surprises, which were all classified as HFSS.
They also provided nutrient profile information from their supplier which confirmed that Pringles Sour Cream & Onion crisps, also included in the ads, were not an HFSS product.
Iceland’s Luxury Aberdeen Angus Beef Roasting Joint, Vegetable Spring Rolls, Sticky Chicken Skewers and Lurpak Spreadable Butter, which were also included in the ads, did not fall within the new restrictions.

The ASA did not uphold a complaint against an Instagram post by influencer John Fisher – known to many as Big John – which featured him promoting menu items at a new German Doner Kebab outlet because the specific items shown in the ad were not classified as less healthy foods.
The watchdog also cleared a TV ad for On The Beach promoting free airport lounge access which featured a boy approaching a buffet and taking a chocolate ring doughnut.
The ASA said viewers would see the ad as showing an example of what was available in the lounge rather than for the doughnut itself, meaning it did not break the rules.
ASA chief executive Guy Parker said: “As the ad regulator, our role is to remain impartial and independent, making sure our new LHF rules, which reflect the law, are applied fairly and consistently.
“These initial rulings are an important step in building a clearer picture of how the rules are applied in reality.
“We’ll be continuing to play our role in administering and enforcing them, including by using tech-assisted proactive monitoring.”
An Iceland spokesman said: “The products highlighted were part of a bigger range in the specific display ad and were featured due to a technical fault with a data feed from a third-party supplier.
“As the ASA has pointed out, these initial rulings are helping to build a clearer picture of how the new rules are applied, following the initial confusion and debate around the regulations.”
Business
Crisis grants launched for struggling Bradford families
At a meeting of the local authority’s executive on Tuesday, MacBeath said the scheme aimed to move beyond emergency aid by helping families become more financially “resilient”, offering advice on managing money, accessing benefits, reducing debt and finding work.
Business
Help to Buy mostly helped high earners, IFS says
People with lower incomes benefitted less from the house-buying scheme than those with high incomes, the influential think tank says.
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