Latest news with #MuhammadRizwan
Business Recorder
10-05-2025
- Business
- Business Recorder
PSX sees big bounce-back
KARACHI: The Pakistan Stock Exchange (PSX) staged a remarkable recovery on Friday after four consecutive negative sessions, driven by easing tensions between Pakistan and India and anticipation surrounding the upcoming IMF Board meeting. The benchmark KSE-100 Index gained 3,648 points, or 3.52 percent to close at 107,174.64 points on Friday compared to 103,527 points on Thursday. Overall, some 519 million shares were traded down from 653 million a day earlier. On Friday, BRIndex100 also increased by 411.38 points or 3.79 percent to settle at 11,267.56 points with a total volume was 451.39 million shares. BRIndex30 closed at 32,236.02 points, up by 1502.16 points or 4.89 percent with a total volume was 309.693 million shares. Analysts said the KSE 100 Index rebounded on the last trading day of the week and gained to close at 3.5 percent recouping some of the previous day losses, in which KSE 100 Index lost some 6.7 percent. This recovery was on account of optimism on IMF Executive Board meeting scheduled to consider Extended Fund Facility (EFF) program, where market expects smooth approval. Overall decline in cross border hostilities also provided stimulus to investor sentiment, they added. The total traded value on the ready counter declined to Rs 29 billion compared to Rs 35.44 billion in the previous session. The market capitalization increased by Rs 368 billion to Rs 12.893 trillion. Out of 441 active scrips, 300 closed in positive and 99 in negative while the value of 42 stocks remained unchanged. Muhammad Rizwan Director Brokerage Chase Securities Pakistan (Pvt.) Limited, after four consecutive days of decline, totaling an 11.2 percent loss, the market staged a remarkable recovery, on hopes of easing tensions between the two sides, fueled by international diplomatic efforts. Hopes of a potential release of a $1 billion IMF tranche and anticipation of circular debt payment boosted investor confidence in the second half of the session, particularly benefiting Oil and Gas Exploration stocks. Stocks like OGDC, PPL, SNGP, and PSO closed with gains ranging from 4 percent to 6 percent. WorldCall Telecom was the volume leader with 47 million shares and closed at Rs 1.16 followed by Cnergyico PK that closed at Rs 33.5 with 6.42 million shares. Sui South Gas ranked third with share trading of 29 million shares and it closed at Rs 27.69. PIA Holding Company LimitedB and Nestle Pakistan Limited the top gainers increasing by Rs 703.20 and Rs 120.31 respectively to close at Rs 7,735.23 and Rs 7,119.15, while Unilever Pakistan Foods Limited and Supernet Technologies Limited were the top losers declining by Rs 107.87 and Rs 64.78 respectively to close at Rs 21,972.88 and Rs 780.00 BR Automobile Assembler Index closed at 20,531.57 points, marking a net gain of 432.79 points or 2.15 percent, with a total turnover of 11.80 Cement Index ended the session at 8,931.34points, reflecting a rise of 441.80 points or 5.20 percent, and a total turnover of 44.01 million. BR Commercial Banks Index settled at 31,716.02points, posting an increase of 839.07 points or 2.72 percent, with a total turnover of 43.33 Power Generation & Distribution Index finished at 18,055.73points, showing a gain of 646.72 points or 3.71 percent, and a total turnover of 24.19 million. BR Oil & Gas Index closed at 10,293.23points, registering a positive change of 526.39 points or 5.39 percent, with the highest turnover of 83.87 Technology & Communication Index ended at 4,369.11points, up by 122.24 points or 2.88 percent, with a notable turnover of 75.50 million. Ahsan Mehanti of Arif Habib Corp said that stocks staged sharp recovery as investor eye de- escalation in Pak -India tensions after US appeal for end to violence and IMF board approval disbursement of $1bn under EFF and additional arrangement for $1.3bn under RSF. He added that SBP policy easing and surge in global crude oil prices played catalyst role in record bullish close at PSX. Copyright Business Recorder, 2025
Shafaq News
08-05-2025
- Politics
- Shafaq News
Kashmir shelling kills civilians as Pakistan downs Indian drone
Shafaq News/ Thirteen civilians were killed and 59 others injured in overnight shelling along the Line of Control (LoC) in the disputed Kashmir region, Indian authorities announced on Thursday. According to the Indian government, the exchange of heavy artillery and small arms fire occurred late Wednesday into early Thursday across multiple sectors of Jammu and Kashmir, including Kupwara, Baramulla, Uri, and Akhnoor. The region remains a longstanding point of contention between India and Pakistan, with both countries claiming it in full. The Indian Army described the shelling as 'unprovoked' and said it resulted in significant civilian casualties and damage to infrastructure. On the Pakistani side, security officials reported intercepting an Indian surveillance drone near a naval facility in Lahore. Police officer Muhammad Rizwan said the drone was downed close to the Walton residential area, which also contains military installations. The latest escalation follows a bombing on April 22 in Indian-administered Kashmir that left 26 people dead. Indian authorities have attributed the attack to cross-border militants allegedly backed by Pakistan—a charge that Islamabad has denied.
Express Tribune
02-05-2025
- Politics
- Express Tribune
Babar Azam, Muhammad Rizwan social media accounts blocked in India
Listen to article India has blocked the social media accounts of several high-profile Pakistani cricketers, including national team captain Muhammad Rizwan and star batter Babar Azam, following a deadly militant attack in Pahalgam, located in Indian Illegally Occupied Jammu and Kashmir (IIOJK). Instagram accounts of key Pakistani sports figures and celebrities, including Shaheen Afridi, Olympic gold medalist javelin thrower Arshad Nadeem, and actors Hania Aamir and Ali Fazal, were also restricted in India. The decision follows the recent Pahalgam attack, which claimed multiple lives and has been described as one of the deadliest in the region in recent years. Users in India attempting to access these Instagram pages are now met with a message stating: 'Account not available in India. This is because we complied with a legal request to restrict this content.' Identical messages appear on the profiles of Rizwan, Babar, and others. Earlier this week, India also blocked 16 Pakistani YouTube channels on the recommendation of the Ministry of Home Affairs, including those run by former national cricket stars Shahid Afridi, Rashid Latif, and Shoaib Akhtar. Authorities cited 'national security' as the reason for the move. However, critics argue the restrictions are part of a broader attempt by the Indian government to suppress critical commentary, particularly in the wake of the Pahalgam incident. Indian security forces have faced scrutiny over alleged operational lapses during the attack. Shahid Afridi, known for his outspoken stance on Kashmir and other political matters, has frequently challenged India's position on regional issues. His YouTube channel, popular across South Asia, is now inaccessible to users in India. Analysts view the move as an effort by Prime Minister Narendra Modi's government to control the domestic narrative by silencing dissenting voices from across the border. The timing of the bans, closely following the Pahalgam violence, has raised concerns about increasing digital censorship and the politicization of cross-border dialogue.
Arab News
28-04-2025
- Business
- Arab News
Pakistan stocks slide on surging tensions with neighboring India
ISLAMABAD: The Pakistan Stock Exchange plunged and lost more than 1,400 points in intraday trading, traders and analysts said on Monday, as rising tensions with India triggered geopolitical jitters and fueled a wave of investor selling at the market. The benchmark KSE-100 index shed 1,405.44 points, or 1.22 percent, to close at 115,469.34 points after touching an intraday high of 116,658.94 points on Monday, according to stock traders. The development came amid heightened tensions between Pakistan and India over the killing of 26 tourists in Indian-administered Kashmir on April 22. New Delhi has blamed the attack on Pakistan, Islamabad denies any complicity. "The prevailing negative sentiment was largely driven by escalating tensions between India and Pakistan, which heightened investor concerns and weighed heavily on overall market confidence," Karachi-based Topline Securities brokerage firm said. It said companies like SYS, LUCK, MEBL and HBL contributed 489 points to the index, while ENGRO, UBL, MARI, EFERT and PSO shaved off 907 points from the benchmark. "Despite the risk-averse sentiment, overall participation remained firm with volumes clocking in at 421 million shares and a turnover of Rs26.43 billion," the firm said in its review. The market saw an overall trade of 533 million shares, valued at Rs33.7 billion. Muhammad Rizwan, a director at Chase Securities, said below-expectation corporate results also disappointed investors. "NRL, PAEL and Engro Holding disappointed investors, impacting stocks in a range of 5.4 percent to 9.7 percent," Rizwan said.
BBC News
22-04-2025
- Sport
- BBC News
Superb Multan beat Lahore for first PSL win
Multan Sultans earned their first win of the 2025 Pakistan Super League (PSL) with a 33-run win over Lahore Qalandars. Having lost their three opening matches, Multan posted an imposing 228-5 with opener Yasir Khan top-scoring with 87 from 44 balls which included six fours and six added 89 in seven overs for the first wicket with captain Muhammad Rizwan, who made 32, Usman Khan added 39 and an unbeaten 18-ball 40 from Iftikhar Ahmed provided an explosive Haris Rauf conceded 54 runs from three overs in the onslaught. Lahore kept up with the run-rate for most of their chase but were undone by regular wickets, and fell short on 195-9. All-rounder Sikandar Raza finished unbeaten on 50 from 27 balls while England's Sam Billings made Shah and Usama Mir were the pick of Multan's bowlers with 3-37 and 2-26 remain bottom of the PSL table despite the win, while Lahore are third behind Islamabad United and Karachi Kings.
