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Pakistan stock market surges, first bar index reaches new high – SUCH TV

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Pakistan stock market surges, first bar index reaches new high – SUCH TV



Pakistan’s stock market began the final week of the year with strong gains on Monday, as the benchmark KSE-100 Index climbed above the 174,000 mark in early trading.

In the opening minutes of the session, the index surged past 174,000. By 9.35am, the KSE-100 stood at 173,808.99 points, up 1,408.26 points, or 0.82 per cent, from the previous close.Shortly afterwards, gains exceeded 1,900 points, allowing the benchmark index to breach the 174,000 milestone.

Market analysts said the rally was driven by broad-based buying across key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, oil marketing companies (OMCs), power generation firms and refineries.

According to Arif Habib Limited’s report, “Pakistan Investment Strategy 2026: The Equity Edge Continues,” Pakistan’s stock market could emerge as the best-performing asset class in 2026.

The report cited improving economic stability, easing inflation and sustained domestic liquidity as key factors expected to support the market.

The stock market had also posted historic gains last week, with the KSE-100 closing at a record 172,400.73 points after a strong rally, reflecting a weekly increase of 0.6 per cent.

 



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Tech giant Oracle makes ‘significant’ job cuts

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Tech giant Oracle makes ‘significant’ job cuts



It is thought that thousands of people may have lost their jobs at Oracle, one of the world’s largest tech companies.



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Oil nears highest price since start of Iran war

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Oil nears highest price since start of Iran war



The US-Israel Iran war has halted almost all traffic in a key waterway and the price Brent crude has surged.



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Crunch talks between resident doctors and ministers set to continue

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Crunch talks between resident doctors and ministers set to continue



Crunch talks between resident doctors and the Government are set to continue in a bid to avert strike action.

Sir Keir Starmer has given the resident doctors committee of the British Medical Association (BMA) a deadline to reconsider a deal on pay and jobs which includes an offer of thousands of extra NHS training posts.

It is understood the proposal will be removed from the deal if resident doctors in England press ahead with a six-day strike from April 7 in a row over jobs and pay.

Dr Jack Fletcher, chairman of the resident doctors committee of the union, said: “It is wrong for Government to withhold desperately-needed jobs as part of negotiating tactics.

“Anyone who works in the NHS knows that patients need these 4,000 jobs created as soon as possible.

“We made that very clear to Government in our meetings today.

“We are not interested in arbitrary deadlines – we will be looking to get this dispute ended right up to the last minute.

“We believe there is a deal there to be done if Government is willing to withdraw the changes it made at the last minute that reduced the funding for pay rises. Talks continue.”

It comes as senior medics announced they were escalating their disputes with the Government.

Consultants and other senior doctors are to be balloted on industrial action after ministers announced they would be getting a 3.5% pay award.

Simultaneous ballots of consultants and specialist, associate specialist and specialty (SAS) doctors will run from May 11 until July 6.

Addressing resident doctors, Prime Minister Sir Keir Starmer wrote in The Times: “The truth is this: no-one benefits from rejecting this deal.

“Resident doctors will be worse off. Instead of improved pay, progression and support, they will receive the standard pay award this year, with none of the reforms that would have strengthened their working lives.”

The deal sets out a minimum of 4,000 new additional specialty posts to be delivered over the next three years.

NHS England boss Sir Jim Mackey confirmed the offer to expand training places will “come off the table” if an agreement is not reached.

The walkout, which is due to run from 7am on April 7 until 6.59am on April 13, will be the 15th round of strikes by resident doctors in England since 2023.

In a letter to health leaders, Mike Prentice, national director for emergency planning at NHS England, wrote: “We expect this round to be challenging as there is a shorter notice period, bank holidays within the notice period and the action itself falling during the Easter holidays.

“This will represent a significant strain on staffing resources to provide safe cover.”



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