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Stocks soar to new record on UAE investment hopes | The Express Tribune
Pakistan Stock Exchange eclipsed another record on Monday as it surged nearly 1,500 points to a new all-time high close to 173,900, powered by investor enthusiasm over reports of fresh UAE investment in a Pakistan company.
In the morning, the market opened with a sharp spike, reaching the intra-day high at 174,412 in the very first hour of trading. However, it could not hold that level and soon dropped to the day’s low at 173,200 well before midday. Thereafter, the benchmark KSE-100 index started recovering and gradually rose to 173,896 at close, higher by 1,496 points, or 0.87%.
Topline Securities, in its market review, remarked that bulls staged a commanding advance on Monday, propelling the market to a new high as investor confidence was reinforced by reports of a UAE entity’s prospective acquisition of a strategic stake in the Fauji Group.
“The anticipated investment has raised expectations that approximately $1 billion in liabilities could be settled, while hopes have also been strengthened that the remaining $2 billion loan may be rolled over, significantly easing near-term financial pressures,” it said.
Riding the wave of optimism, the benchmark index climbed to the intra-day peak of 2,010 points before settling at 173,896, marking a robust gain of 1,496 points. On the upside, Fauji Fertiliser Company, UBL, PTCL, Engro Fertilisers and Systems Ltd emerged as key contributors, collectively adding 957 points to the index.
Market activity remained healthy, with total traded volumes clocking in at 858 million shares, while total traded value stood at Rs43 billion. WorldCall Telecom led the volumes chart as the company saw trading in 53 million shares.
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SEBI proposes stricter base price and band rules for gold, silver ETFs, including cooling-off periods after sharp global price swings to curb volatility.
Amid Global Commodity Volatility, SEBI Plans New Price Band Rules for Gold, Silver ETFs
The market regulator has sought to curb extreme volatility in gold and silver Exchange Traded Funds (ETFs) by proposing changes to the base price and price band framework. Currently, there are no separate price bands for ETFs aligned with their underlying assets, making them vulnerable to sharp price movements.
The proposal comes after sharp volatility in gold and silver ETFs triggered by fluctuations in global commodity prices. On some days, these ETFs fell by over 15%, while on others, they recorded sharp gains.
Stock exchanges currently apply a fixed price band of plus or minus 20% on the base price of ETFs, except for Overnight ETFs investing only in TREPs, which have a price band of plus or minus 5%.
Moreover, the base price for applying price bands to ETFs is taken as the T-2 day closing Net Asset Value (NAV) by exchanges, instead of the T-1 day closing NAV or price, as is the case with indices and individual stocks. This creates a challenge, as the closing NAV of ETFs typically differs between T-1 and T-2 days. Corporate actions such as bonuses and dividends are adjusted manually, increasing the risk of errors.
What Are the Key Proposals?
SEBI has proposed that the base price be determined using either the closing price of the ETF on T-1 day (weighted average price of the last 30 minutes), the closing NAV of T-1 day, or the average indicative NAV (iNAV) of the last 30 minutes of T-1 day.
Further, the regulator has proposed an initial price band of plus or minus 10% for equity and debt ETFs, which can be flexed up to plus or minus 20%. A cooling-off period of 15 minutes will apply, and up to two flexes will be allowed in a day.
For gold and silver ETFs, the regulator has proposed an initial price band of plus or minus 6%, which can be flexed up to plus or minus 20%. This will also include a 15-minute cooling-off period.
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February 14, 2026, 16:08 IST
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Oil and Gas Regulatory Authority (OGRA) forwarded a summary to the federal government suggesting an increase of Rs4.39 per liter in petrol price for the next fortnight.
After approval from the federal government, one liter of petrol will be sold at Rs257.56 instead of Rs253.17 per liter.
The price of high-speed diesel (HSD) will be increased by Rs5.40 per liter.
After approval, the price of one liter of high-speed diesel will increase by Rs268.38 to Rs273.78.
The proposal to increase the price of kerosene by Rs4 per liter is also on the cards.
The OGRA also recommended increasing the price of one liter of light diesel by Rs6.55.
The new prices of petroleum products will be effective from February 16, 2026.
Due to tension between the USA and Iran, petroleum prices are likely to increase further.
The group, based in Solihull and Wolverhampton, says its vet bills are costing them more.
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