Business
PSX smashes through 154,000 | The Express Tribune
Pakistan Stock Exchange (PSX) closed the week on a strong footing on Friday as the benchmark KSE-100 index surged over 1,600 points to settle at a record high of around 154,280.
The rally was spearheaded by the National Bank of Pakistan (NBP), which hit the upper circuit and skyrocketed 9.88% to Rs171.98, after its corporate briefing bolstered expectations of a healthy year-end dividend. The stock's performance alone set the tone for the session, fuelling institutional and retail interest across banking and cement counters.
Analysts noted that the NBP's management signalled it would not remain overcapitalised, a stance investors welcomed despite payout restrictions under the NBP Act.
The momentum in Friday's session was broad-based, led by financial, cement, power and energy names. Hubco gained 4.59% and Lucky Cement rose 2.93%, while DG Khan Cement and Pakistan Petroleum Ltd (PPL) also added meaningful points to the index.
In contrast, Fauji Fertiliser Company (FFC), UBL and Systems Ltd put resistance, trimming some of the gains. Overall market participation remained robust as traded volumes crossed 1.08 billion shares and value touched Rs59.9 billion.
Sentiment was further buoyed by news that Pakistani and Chinese companies signed joint venture agreements worth $1.5 billion and memoranda of understanding totalling $7 billion in the solar energy and agriculture sectors.
Analysts said these developments provided additional triggers for sustained investor optimism, with the KSE-100 poised to test fresh highs next week as support emerges at 151,000 points and the next upside target is seen at 156,500.
At the end of trading, the benchmark KSE-100 index posted a surge of 1,611.47 points, or 1.06%, and settled at 154,277.19.
"National Bank stole the spotlight, locking at the upper circuit within minutes after its corporate briefing fuelled expectations of a healthy year-end dividend," said Ali Najib, Deputy Head of Trading at Arif Habib Ltd (AHL).
"Investors cheered the management's signal of not staying overcapitalised, though the NBP Act restricts payouts to year-end results," he added. "The stock closed 9.88% (Rs15.47) higher at Rs171.98."
In its daily report, AHL noted that the stock market closed the week with gains of 3.9% week-on-week. Among the major contributors to the index gains on Friday were NBP (+10%), Hubco (+4.59%) and Lucky Cement (+2.93%).
Topline Securities, in its market review, observed that the KSE-100 extended its advance as it surged 1.06% (+1,611 points) to close at 154,277, fueled by institutional buying in banks and cement firms. The top positive contributors were NBP, Hubco, Lucky Cement, DG Khan Cement and PPL as they contributed 1,008 points to the index.
Traded value-wise, NBP (Rs4.69 billion), Pakistan State Oil (Rs3.78 billion), DG Khan Cement (Rs3.45 billion), PPL (Rs3.38 billion) and Oil and Gas Development Company (Rs3.15 billion) dominated the trading activity, Topline said.
"PSX wrapped up the week on a historic note, with the KSE-100 index closing at an all-time high of 154,277 points," said Mubashir Anis Naviwala of JS Global.
Even in the final session, the bullish momentum remained intact, highlighting strong investor confidence. The rally was broad-based, led by cement, banking, power generation and E&P companies. Institutional and retail participation stayed robust, keeping sentiment elevated. The outlook remains bullish while dips offer attractive entry points in leading sectors, he said.
Overall trading volumes were recorded at 1.08 billion shares compared with the previous session's tally of 954.3 million. The value of shares traded was Rs59.9 billion.
Shares of 479 companies were traded. Of these, 239 stocks closed higher, 210 fell and 30 remained unchanged.
The Bank of Punjab was the volume leader with trading in 146.1 million shares, gaining Rs1.33 to close at Rs19.69. It was followed by First National Equities with 55.8 million shares, gaining Rs0.96 to close at Rs7.74 and Fauji Foods with 50.9 million shares, gaining Rs0.56 to close at Rs18.72.
During the day, foreign investors sold shares worth Rs1.6 billion, the National Clearing Company reported.
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Business
Who is Karthik Narain? Google Cloud taps Accenture veteran as chief product & business officer – The Times of India
Google Cloud appointed Karthik Narain as its chief product & business officer. Narain will oversee product and engineering teams across cloud, developer, data, and Applied AI, as well as the go-to-market organization, while working closely with Google Public Sector.“After more than 25 years in the tech consulting industry, I am excited to share the next chapter of my career – I am joining @GoogleCloud as its first Chief Product & Business Officer,” said Narain.“This is an incredible opportunity to combine my expertise in engineering and product strategy, and my experience with enterprise systems and business processes with Google’s world-class foundational technologies and cutting-edge AI innovation to drive profound digital transformation. The opportunity to unlock immense value for Google Cloud’s customers and partners is unparalleled, and I can’t wait to get started!” he added to his statement on LinkedIn.
Who is Karthik Narain?
Karthik Narain joins Google Cloud from Accenture, where he served as Group Chief Executive of Technology, Chief Technology Officer, and Chair of the Board of Avanade. At Accenture, he led the company’s technology vision and strategy, overseeing the market-leading Cloud-First and Data & AI businesses. Narain’s expertise spans cloud, data & AI, security, enterprise and industry platforms, developer tools, and application & infrastructure engineering. He has led major cloud and AI-based modernization projects for Fortune 4000 companies across industries, as well as public sector entities worldwide. He holds a Master’s degree in Computer Science from Bharathidasan University in Tiruchirappalli. At Google Cloud, Narain is responsible for product development, global revenue, and go-to-market strategies.Narain’s appointment comes at a time of rapid growth for Google Cloud, which recently launched Gemini Enterprise, its AI-powered platform that has received strong customer response. CEO Sunder Pichai welcomed Narain, noting that he will partner closely with cloud customers to accelerate their AI transformation journeys. “I’m excited that Karthik Narain is joining Google Cloud as its Chief Product and Business Officer, a key leader on Thomas Kurian’s exceptional team. Karthik will partner closely with our Cloud customers as they transform their businesses with AI. In his new role, Karthik will help accelerate the strong growth we are already seeing in Google Cloud. Just over a week ago, we announced Gemini Enterprise, which has had a really positive response. Much more to come, welcome Karthik!” said Pichai in a post on LinkedIn.Cloud CEO Thomas Kurian also highlighted Narain’s experience in developing enterprise technology solutions saying, “we welcome Karthik Narain to Google Cloud as Chief Product & Business Officer. He will lead product and engineering teams across cloud, developer, data and Applied AI, the go-to-market organization, and work closely with Google Public Sector. Karthik’s proven track record with clients, along with his unparalleled depth of experience in developing enterprise technology solutions will accelerate our customers’ journey into the AI era. Welcome to the team, Karthik!”
Business
‘I left Wales and moved to England for free childcare’
Bethan LewisEducation & family correspondent, BBC Wales News
Robin LloydFrom her Monmouthshire home, Robin Lloyd was able to see houses over the border in England knowing the families who lived there could access free childcare for their babies.
Robin and her husband decided to leave Chepstow and Wales and moved a 30-minute drive away to Gloucestershire so they would be eligible for support for children from nine months old.
In Wales, free childcare for two-year-olds is being expanded, prioritising disadvantaged areas but there is no support for younger children.
The Welsh government said its childcare programmes were “sustainable” and prioritising “more disadvantaged communities”.
Robin, a 35-year-old nurse, started thinking about childcare during her pregnancy.
“I realised that I would be paying almost double my mortgage each month in childcare in Wales but I could see England out of my window and the people in the houses over there would be having financial support,” she said.
“I knew I wanted more than one child but the cost of childcare was going to mean that it wasn’t going to be possible until my son was pretty much four years old.
“We were very cautious about the whole process but eventually decided that the way to afford a family of two children was to move to England.”
The move to the Forest of Dean cost £15,000 in solicitors’ fees and stamp duty “but overall was going to be a heck of a lot cheaper than trying to pay childcare in Wales”.
‘Really sad about it’
Since 1 September, working parents in England have been offered 30 hours of childcare a week during term time for children aged nine months to four years old.
There have been concerns about the availability of places and the cost of extra, unfunded hours.
But Robin said she had been able to get two days of funded childcare a week for her one-year-old, while she and her husband work part-time.
“That makes it far more affordable for somebody like me who’s just a nurse,” she said.
“I don’t have megabucks to be able to afford a home for my family and to have childcare.
“I’m really sad about it. I’ve left my home. But ultimately, if it means I can have the family, it’s worth it.”
In Wales, there is currently no childcare funding for children under two.
However the Welsh government is rolling out 12.5 hours of free care a week for all two to three-year-olds under the Flying Start scheme.
It said it had reached 15,901children through the scheme by the end of 2024-25 – roughly 52% of two-year-olds in Wales.
The next phase of expansion in 2025-26, funded by an extra £25m, is expected to “reach more than 4,000 additional children”, it said.

The Flying Start scheme is being extended by postcode, focusing on the most deprived areas first.
Merthyr Tydfil has become the first county in Wales to offer a place to all two-year-olds under the programme.
It covered a place every afternoon at Little Rascals nursery in Merthyr for Grace’s daughter, which she describes as “invaluable”.
She thinks it is important that all parents of young children, not just those who are working, are eligible for the support, meaning there is a “level playing field”.
‘Swathes don’t benefit’
“It’s so beneficial to have this programme for Merthyr, for everyone living here to have the opportunity for their children to go into childcare at such a young age without any stress about fees,” she said.
On the same site, Ana’s son goes to the forest school, where the children spend most of the day learning outside.
Their postcode was the last in Merthyr to become eligible for Flying Start childcare support in April.
“It’s such a shame that there are swathes of our country that don’t benefit from that,” she said.
“You just have to set foot inside one of these nurseries to find out how children love being around each other and learning from each other.”

In Merthyr, council bosses said “100% of early years providers” were able to offer Flying Start places, with capacity for all two-year-olds in county.
“This has been achieved over a considerable period of time, ensuring that we’ve got enough childcare places and that’s really important in all of this – making sure that whatever we commit to we’ve got enough childcare places,” said Sarah Ostler, the early years and Flying Start manager for Merthyr Tydfil council.
She said they had used Welsh government funding to extend the provision and had made sure there was “a suitably-qualified and experienced workforce”.
But in Monmouthshire, a councillor said parents were acutely aware of the different offer over the border in England.
Conservative county councillor Lisa Dymock said a number of people had moved to the area from Bristol with many under the impression they would be offered the same childcare offer as in England.
“Whilst they may have settled and live in a lovely location like south-east Monmouthshire, they’ve now realised [they’re] not entitled to this free childcare and they’re having to re-examine their budgets and their outgoings, which is hard for a young family,” she said.
‘Making a real difference’
Ms Dymock said that while Flying Start was “a very good scheme” it did not help women who needed to return to work and she wanted the English offer matched in Wales.
“I think that will help the household income, residents’ careers but also children’s development,” she said.
“I just think it’s a huge benefit and it’s what my residents are asking for – it’s what people want.”
The Welsh government said its childcare programmes were “making a real difference for families across Wales”.
It said the flying Start programme was now being extended two all two-year-olds.
“We’ve prioritised our more disadvantaged communities and made sure provision is sustainable”, a spokesperson said.
They said the Childcare Offer for Wales, providing up to 30 hours per week of care for three and four-year-olds, was more generous than England’s scheme.
“Unlike in England, it is available to parents in training and education as well as those in work and is available 48 weeks per year, compared to England’s 38 weeks.”
What are the political parties’ childcare promises?
In its autumn conference, Plaid Cymru announced it would offer at least 20 hours’ free childcare for 48 weeks a year to all children nine months to four years old by 2031.
The current offer of 30 hours for some three and four-year-olds would continue.
The Welsh Liberal Democrats said it would introduce 30 hours per week of childcare for children from nine months to school age and invest in school holiday provision.
The Welsh Conservatives said it would replicate the childcare offer in England of 30 hours a week for working parents of nine month to four-years-olds during term time.
It said there would be more details in its manifesto for the Senedd election.
Welsh Labour said it was “proud” to roll out free childcare for two-year-olds, providing a tax break for nurseries and expanding subsidised childcare for three and four-year-olds.
It is still discussing the offer for 2026 and beyond, the party said.
Reform UK said it was putting together a manifesto to “deliver the real change Wales needs”.
Business
From Budgeting To Investing: A Complete Guide To Managing Money In Your 20s
Last Updated:
From budgeting and building an emergency fund to saving and investing, here’s a guide to help you achieve financial success in your 20s.
How to achieve financial success in your 20s?(Representative Image)
Your 20s are a time of new beginnings, you start living on your own, secure your first job, manage your own expenses, experience heartbreaks and discover new things about yourself. But amid all these changes, this is also the perfect time to build habits that can benefit your future.
The earlier you start managing your finances, the stronger your financial foundation will be. From budgeting and building an emergency fund to saving and investing, here’s a guide to help you achieve financial success in your 20s.
Realistic Budget
Track every rupee, know exactly what you earn and where it’s being spent. Separate your needs and wants, and plan your expenses accordingly. Always prioritise essentials like rent, utilities, and groceries before spending on leisure. This simple practice helps build financial discipline and keeps your money in control.
An Emergency Fund
Life is full of surprises! Unexpected expenses like losing a job, sudden medical bills, or car troubles can come out of nowhere. It’s important to have an emergency fund with 3 to 6 months’ worth of savings in a reliable account. It’s your backup plan that keeps you financially steady when life throws a curveball.
Pay Yourself First
Save before you start spending. As soon as your salary is credited, set aside a portion of it for savings before spending it on anything else. Automate this process by directing the amount to a savings or investment account. Over time, this small habit can build strong financial discipline. Even saving 10 per cent each month can go a long way.
Magic Of Compound Interest
Investing in your 20s helps your money grow faster over time through compound interest. Start small with options like SIPs or PPFs. The earlier you begin, the more your wealth can grow over time.
Learn To Handle Credit
Your credit history represents your financial identity and can open new ways if managed well. Make it a habit to pay bills on time, maintain low credit card balances, and borrow only within your means. A good credit score can help you get better loans and rent homes more easily.
Popular Investment Options
Investing early allows you to grow your wealth and secure a financially stable future. Here are some popular options to consider:
Mutual Funds: Diversify your portfolio with professional management.
Index Funds & ETFs: Low-cost investment options that track the performance of market indices.
Stocks: High-risk, high-reward investments that can offer significant growth over the long term.
Cryptocurrencies: For those open to high-risk, high-volatility investments with potential for large returns.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
Delhi, India, India
October 25, 2025, 11:07 IST
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