Business
PSX hits new low amid regional tensions | The Express Tribune
The Pakistan Stock Exchange (PSX) continued its downward trajectory on Thursday, with the benchmark KSE-100 Index plunging 1,732 points, or 1.09%, to close at 156,733 — marking a new closing low and breaching the previous trough of 158,443 recorded on October 13, 2025.
Investor sentiment remained fragile amid escalating regional tensions following the collapse of Islamabad–Kabul talks, which dampened hopes for cross-border trade and economic stability. “The diplomatic setback fueled risk aversion and triggered institutional selling across key sectors,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.
Read: PSX extends bear run, dips 2,063 points
The session initially opened on a positive note, with the index hitting an intraday high of 159,507 points (+1,042 points or +0.66%) on selective buying. However, the momentum fizzled out as broad-based profit-taking dragged the market deep into negative territory by the close.
Heavyweight counters including Engro Corporation (ENGRO), Bank of Punjab (BOP), Systems Limited (SYS), United Bank Limited (UBL), MCB Bank (MCB), Thal Limited (THALL), Bank Alfalah (BAFL), Mari Petroleum (MARI), Service Industries (SRVI), and Pakistan Petroleum (PPL) collectively erased 1,538 points from the benchmark.
Read More: PSX extends losing streak as index plunges 2,062 points
Despite the decline, overall activity remained robust, with 846.8 million shares traded, valuing at Rs37.5 billion. BOP led the volumes with 84.1 million shares changing hands.
Analysts noted that the index’s slide below the 157,000 level reflects the persistence of bearish sentiment. “A recovery above 160,000 in the final session of the week will be crucial to restore investor confidence and hint at short-term stabilisation,” they added. “Failure to rebound could expose the market to further downside in the sessions ahead.”
Business
Ads for British beef and milk banned following Chris Packham complaint
Two ads promoting British beef and milk have been banned after television presenter and environmental campaigner Chris Packham complained that they misled consumers about the products’ carbon footprints.
Both ads for the Agriculture and Horticulture Development Board’s (AHDB) Let’s Eat Balanced campaign used the carbon footprint of British beef and milk to promote the products, firstly stating: “British beef not only tastes great, but has a carbon footprint that’s half the global average*.”
The asterisk linked to text that stated: “Full lifecycle emissions of CO2 eq (carbon dioxide equivalent) per kg of beef.”
The ad for milk stated: “British milk not only tastes good, but is also produced to world-class standards, and has a carbon footprint a third lower than the global average.”
Packham complained to the Advertising Standards Authority (ASA) that the ads, and specifically the carbon footprint claims, were misleading as they did not reflect the full environmental impact of British meat and dairy.
The AHDB said the ads’ mention of carbon emissions would be understood in relation to the environmental impact of beef and milk that occurred between the “cradle-to-retail” stages.
But the ASA said the average consumer “being reasonably well-informed, observant and circumspect” would understand the claims to apply beyond the retail stage and include actions such as cooking and wastage.
The ASA said: “While we acknowledged the potential difficulties in producing post-retail emissions data, the claims in the ads suggested those emissions were included and we therefore expected the evidence provided to also include them.
“We therefore concluded that the evidence presented was insufficient to support the full life-cycle claims in the ads, which was how the average consumer was likely to interpret them.
“We reminded AHDB that environmental claims should be based on the full life cycle unless the ad stated otherwise.”
AHDB’s director of communications and market development, Will Jackson, said: “Let’s Eat Balanced is doing what it was designed to do, providing clear, factual, evidence-led information about British food, nutrition and farming standards.
“Since the investigation began, we have conducted independent consumer research which found that the majority of respondents interpreted these adverts as relating to the production phase only, from farm to retail.
“This research provides important insight into consumer understanding and supports our belief that consumers were not misled by the information we shared in these two specific adverts.”
Business
Gen Z pros embrace ‘portfolio careers’ as side hustles surge – The Times of India
BENGALURU: India’s Gen Z workforce is embracing what experts describe as “portfolio careers” – balancing multiple professional identities and income streams simultaneously. New research from LinkedIn shows that 75% of Gen Z entrepreneurs in India now manage multiple income streams, significantly higher than the 62% among Gen X entrepreneurs. The findings point to a growing preference among younger professionals for flexibility, autonomy and diversified sources of income. “We’re also seeing the rise of the ‘portfolio era’, with more professionals creating multiple income streams and redefining what a career can look like. This shift is making entrepreneurship more accessible than ever before,” said LinkedIn India country manager Kumaresh Pattabiraman.Rather than depending on a single full-time role, many professionals are simultaneously building businesses, freelancing, consulting, creating online content and monetising specialised skills through digital platforms. The trend comes amid a broader rise in entrepreneurial activity in India. LinkedIn recorded a 104% year-on-year increase in members adding “Founder” to their profiles – the highest growth among all global markets.AI is also emerging as a major enabler of this shift. The report found that 85% of Gen Z entrepreneurs consider AI and digital tools important to their business operations.
Business
Elon Musk said control of OpenAI should go to his children, Sam Altman tells jury
Sam Altman said Elon Musk tried many times for total control of OpenAI, which he’s now suing.
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