Business
PSX smashes historic 162,200 | The Express Tribune
The Pakistan Stock Exchange (PSX) delivered yet another powerhouse performance today, with the benchmark KSE-100 Index rocketing 2,976 points—a robust 1.87% day-on-day gain—to close at an all-time high of 162,257 points.
This milestone underscores the market's extraordinary resilience, driven by broad-based buying across key sectors and bolstered by a cascade of positive macroeconomic and geopolitical developments.
Investor participation remained robust, as total volume on the All-Share Index (ALLSHR) reached 1.71 billion shares. WTL dominated turnover charts with 450 million shares traded, followed by KEL with 112 million, and CNERGY at 73 million shares, said Ahmed Sheraz of KTrade Securities Ltd.
The market continues to display remarkable resilience, supported by improving corporate earnings and growing investor confidence in Pakistan’s broader economic outlook.
Sentiment remains buoyant amid a series of landmark developments, including the recently signed Pakistan–Saudi defence agreement, the announcement of a circular debt retirement plan aimed at easing pressure on the energy sector, and a high-profile meeting between Prime Minister Shahbaz Sharif and US President Trump, signalling stronger international engagement.
These developments have reinforced optimism around Pakistan’s economic and geopolitical positioning, fueling sustained interest across sectors.
Source link
Business
Ryanair flight from Milan to Manchester leaves passengers behind due to border delays
New European border rules have caused delays at airports across the continent, affecting flights.
Source link
Business
‘A win-win for both nations!’ Three-day India-US trade talks to begin this week – The Times of India
India and the United States are set to resume trade talks this week, taking a “great step to finalize” the proposed agreement. Taking to social media platform X, US Ambassador to India Sergio Gor said “The Indian trade delegation will be arriving in Washington this week. A great step to finalize our bilateral trade deal. A win-win for both nations!”This week, a delegation of around a dozen officials will be travelling from New Delhi to Washington for discussions on the first phase of the proposed bilateral trade agreement (BTA). The talks are scheduled from April 20 to 22 and will be led by India’s chief negotiator Darpan Jain, additional secretary in the department of commerce. The team will also include officials from the customs department and the ministry of external affairs.The negotiations come against the backdrop of recent changes in the US tariff system, prompting both sides to revisit parts of the trade agreement finalised earlier this year and released on February 7.A key development was the US Supreme Court striking down reciprocal tariffs imposed under the 1977 International Emergency Economic Powers Act. Following this, the US administration introduced a temporary flat 10% tariff on all countries for 150 days from February 24.These changes led to the postponement of a planned February meeting between the chief negotiators. The rescheduled talks in Washington will now proceed under the revised tariff framework.Alongside tariff issues, the discussions are also expected to cover two investigations initiated by the US Trade Representative under Section 301 of its trade law. India has refuted the allegations and is seeking withdrawal of the probes, arguing that the initiation notices do not provide adequate justification.
Business
Oil prices jump after Trump says Iranian ship seized
Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.
Source link
-
Fashion4 days agoFrance’s LVMH Q1 revenue falls 6%, shows resilience amid Iran war
-
Sports1 week agoThe case for Man United’s Fernandes as Premier League’s best
-
Entertainment1 week agoPalace left in shock as Prince William cancels grand ceremony
-
Business1 week agoUK could adopt EU single market rules under new legislation
-
Entertainment5 days agoIs Claude down? Here’s why users are seeing errors
-
Fashion1 week agoEnergy emerges as biggest cost driver in textile margins
-
Business1 week agoDelta Air Lines unveils first new Delta One suite in premium cabin arms race
-
Tech1 week agoA Lot of Shops Won’t Fix Electric Bikes. Here’s Why
