Business
Stocks climb further on sustained buying momentum | The Express Tribune
KSE-100 gains 0.80% to 161,935 points as healthy sentiment dominates late-session trade
Bullish sentiment dominated the Pakistan Stock Exchange (PSX), driving the benchmark KSE-100 index to further gains of around 1,278 on Friday, subsequently closing at 161,935.19, advancing from the prior close of 160,657.50 with a healthy rise of 0.80%, or 1,277.69 points.
Market breadth remained positive, with 276 equities finishing higher, while 155 slipped into negative territory. During the day, the index touched an intra-day peak of 162,118.76 and a floor of 160,791.78.
Market opened on a subdued tone. However, a strong wave of accumulation emerged in the latter half of the day, propelling the index by more than a thousand points. Momentum was largely driven by improved participation across several major segments of the market.
Read: Pakistan blocks Afghan fruit import via Iran amid border closures
Automakers, banks, fertiliser producers, exploration counters, oil marketing firms, power companies, and refinery shares all attracted steady inflows. Additionally, blue-chip heavyweights such as oil & gas, energy, and banks remained key contributors to the overall uptick.
On the macroeconomic side, the latest reading of the Sensitive Price Index (SPI) for the week ending 13 November 2025 showed a 4.15% year-on-year climb, along with a 0.53% week-on-week increase, adding a cautious undertone to the otherwise upbeat trading environment.
In a regional landscape, Pakistan kept border trade with Afghanistan suspended due to aggressive moves from the other side of the border.
KTrade Securities wrote in its market wrap that PSX delivered a mixed, yet broadly positive performance on Friday, extending momentum from yesterday’s strong rally.
The benchmark KSE-100 index gained 1,277 points (+0.80%) day-on-day to close at 161,935 points. Positive contributions were led primarily by the banking, oil & gas, cement, and power sectors. Heavyweight stocks such as Habib Bank, United Bank, Maple Leaf Cement, Oil and Gas Development Company, Pakistan Petroleum, Hub Power, and Pioneer Cement drove the index higher.
Despite the market’s upward move, overall participation remained subdued. Looking ahead, KTrade thinks the sentiment is likely to remain sensitive due to developments in the law-and-order environment, the political landscape, and key macroeconomic indicators.
In particular, investors will be closely monitoring progress on the upcoming IMF tranche, as well as shifts in regional geopolitical dynamics, all of which may influence near-term market direction, it wrote.
Overall trading volume decreased to 673.4 million shares against Thursday’s tally of 797.12 million. Value of traded shares stood at Rs34.6 billion. Pace Pakistan was the volume leader with trading in 51.8 million shares, losing Rs1.47 to close at Rs27.61.
Business
Video: How ICE Is Pushing Tech Companies to Identify Protesters
new video loaded: How ICE Is Pushing Tech Companies to Identify Protesters
By Sheera Frenkel, Christina Thornell, Valentina Caval, Thomas Vollkommer, Jon Hazell and June Kim
February 14, 2026
Business
52 reforms in 52 weeks: Ashwini Vaishnaw outlines massive railway overhaul for 2026
Indian Railways has reached a global milestone in freight operations, securing its position as a premier international logistics hub. Union Minister for Railways, Ashwini Vaishnaw, announced today that the national carrier has achieved an unprecedented scale in its logistics division. Highlighting this achievement, the Minister stated, “Indian Railways has become the second-largest cargo carrier in the world.”
Building on this momentum, the Ministry has prepared a rigorous roadmap for the upcoming year aimed at systemic transformation. The government plans to roll out a series of weekly initiatives to modernise every facet of rail travel and transport. Vaishnaw explained the structured timeline, saying, “For 2026, Railways has resolved to implement 52 reforms in 52 weeks.”
The initial phase of this plan will prioritise the passenger experience, with a focus on improving the quality of onboard facilities. The Minister identified the primary starting point for this year-long agenda, noting, “The first reform is better onboard services in Railways.”
In addition to passenger amenities, the government is placing strong emphasis on the “Gati Shakti” initiative to streamline the nationwide movement of goods. This strategic focus is designed to strengthen the country’s supply chain. Vaishnaw confirmed the freight sector’s priority, adding, “The second concerns ‘Gati Shakti Cargo.’”
A cornerstone of the 2026 agenda is a comprehensive overhaul of sanitation and hygiene standards. The Ministry has developed a new blueprint to ensure that the rail network’s cleanliness meets global benchmarks. Detailing the specifics of the first major initiative, the Minister remarked, “Reform number one for 2026 will ensure proper end-to-end cleaning of the Railways… The concept of a clean rail station has been established.”
This cleanliness drive is not a short-term measure but a multi-year commitment to cover the entire Indian Railways fleet. The implementation will be phased to ensure thoroughness and consistency. Vaishnaw clarified the timeline, stating, “Over three years, this reform will be implemented across all trains.”
To ensure the success of these reforms, the Ministry is introducing a robust accountability framework. These measures will include performance-based contracts and the integration of modern digital tools to monitor progress in real time. Emphasising the shift towards professional and technology-driven management, the Minister concluded, “There will be clearly defined service-level agreements… There will be extensive use of technology.”
Business
BrewDog owners say craft beer company could be sold off
Craft beer brand BrewDog could be sold off after the company started the process to find new investors.
The Scottish beer brand recently announced plans to close all of its distilling brands, meaning it would no longer produce any of its spirits, including Duo Rum, Abstrakt Vodka, and Lonewolf Gin, at its distillery in Ellon, Aberdeenshire.
The company, which was founded in 2007, said it made the decision to focus on its beer brands, including the highly-popular Punk IPA, Elvis Juice, and Hazy Jane.
Now, in a statement, a spokesperson for BrewDog said the company had appointed Alix Partners to “support a structured and competitive process to evaluate the next phase of investment for the business.”
The statement said: “As with many businesses operating in a challenging economic climate and facing sustained macro headwinds, we regularly review our options with a focus on the long-term strength and sustainability of the company.
“Following a year of decisive action in 2025, which saw a focus on costs and operating efficiencies, we have appointed AlixPartners to support a structured and competitive process to evaluate the next phase of investment for the business. This is a deliberate and disciplined step with a focus on strengthening the long-term future of the BrewDog brand and its operations.”
Although no decisions have been made, a sale is under consideration.
In a statment BrewDog added: “BrewDog remains a global pioneer in craft beer: a world-class consumer brand, the No.1 independent brewer in the UK, and with a highly engaged global community. We believe that this combination will attract substantial interest, though no final decisions have been made.”
According to reports by Sky News, AlixPartners had begun sounding out prospective buyers in the last few days.
The company, which has 72 bars worldwide and four breweries in Scotland, the US, Australia, and Germany, said its breweries, bars, and venues will continue to operate as normal. It employs 1400 people across the organisation.
BrewDog’s founders James Watt and Martin Dickie are the company’s major shareholders alongside private equity company TSG, which invested £213 million in 2017, making it a 21 per cent shareholder.
In 2024, the beer brand grossed £357 million in sales, and it is a major independent brewer with 4 per cent market share in the UK grocery market.
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