Business
Stocks jump on positive domestic and regional cues | The Express Tribune
KSE-100 index gains 2,473 points amid political stability, security success, and calmer regional outlook
The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 Index surging 2,473.55 points, or 1.56%, to close at 160,657.50. Trading remained robust throughout the session, as the index touched an intra-day high of 160,944.51 and a low of 158,971.49. The upbeat sentiment reflected renewed investor confidence driven by political progress, improved security conditions, and a calmer regional outlook.
The rally was broad-based, with major sectors such as cement, fertiliser, and oil & gas leading the charge. Investor confidence improved sharply as signs of political calm and regional stability supported a broad market rebound. Participants viewed recent political progress as a move toward steadier governance, helping restore faith in the continuity of economic reforms. The more predictable environment encouraged renewed interest across major sectors, with sentiment turning decisively positive through the trading session.
Momentum was also lifted by a string of encouraging domestic and regional updates. The Sri Lankan cricket team’s decision to continue its Pakistan tour after fresh security assurances was taken as a strong signal of growing international confidence in the country’s stability. At the same time, a successful clearance operation against terrorist elements in Khyber Pakhtunkhwa reassured investors about the security landscape. On the diplomatic front, the Indian Cabinet’s measured reaction to the Delhi explosion, which avoided any direct reference to Pakistan, eased cross-border concerns. Collectively, these developments fostered a sense of calm and optimism, driving robust buying interest across the board.
KTrade Securities Equity Trader Ahmed Sheraz wrote that the PSX witnessed a strong reversal of fortunes on Thursday as the KSE-100 Index surged by 2,473 points (+1.56% DoD) to close at 160,657 points. The rally was broad-based with major sectors, including cement, fertiliser, and oil & gas, all recording significant gains.
Read: PSX suffers 3,668 point plunge, as 27th Amendment, terror reports trigger sell-off
Market sentiment improved on the back of multiple positive developments. The passage of the 27th Constitutional Amendment in Parliament was viewed as a step towards political stability. Confidence was further strengthened after the Sri Lankan cricket team decided to continue its tour in Pakistan following renewed security assurances. Additionally, a successful clearance operation in Khyber Pakhtunkhwa and the Indian Cabinet’s statement on the Delhi explosion, notably not mentioning Pakistan—helped ease concerns, collectively supporting the market’s momentum.
The rally was driven by strong performances in blue-chip stocks such as Fauji Fertiliser, Lucky Cement, Maple Leaf Cement, DG Khan Cement, Mari Energies, Fauji Cement, Cherat Cement, Hub Power, and Pioneer Cement, which together contributed significantly to the day’s surge. Additionally, MLCF and PIOC hit their upper circuits (10%) following MLCF’s announcement to acquire a controlling stake in PIOC.
Despite the index’s strong upward move, overall market participation remained relatively muted. Looking ahead, Sheraz expects sentiment to remain closely tied to developments on the law-and-order situation, political landscape, and macroeconomic front, particularly the release of the upcoming IMF tranche and evolving regional geopolitical dynamics.
Overall trading volume jumped to 797.1 million shares versus Wednesday’s tally of 757.2 million, while the value of traded equity stood at Rs35.1 billion. Shares of 477 companies were traded, of which 285 closed higher, 142 fell, and 50 remained unchanged. Bank Makramah emerged as the volume leader with 112.2 million shares, rising Rs0.02 to close at Rs5.59.
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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