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Bulls Stumble as Bears Reclaim Control Amid Volatility
The trading day began on a strong footing, with the KSE-100 Index extending its upward momentum and surging by as much as 1,178 points in early trade. However, the bullish sentiment proved fleeting as profit-taking led by local institutions triggered a sharp reversal. The bears swiftly regained control, dragging the benchmark down by 1,424 points…
Legal Tobacco Industry irked by a hike in Taxes
The tobacco industry says that the recent increase in taxes for tax-paying tobacco companies will help the already large number of illegal cigarette makers in Pakistan. A spokeswoman for Philip Morris Pakistan Ltd. said that the proposed unprecedented tax hike for the tax-paying tobacco companies will effectively favor the already vast illicit cigarette manufacturers in…
PSX Roars Higher, Closes at 163,847
The bulls kept their grip firm at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark index soaring to an intraday high of 1,646 points before closing at 163,847 — up 1,590 points or 0.98%. The rally was largely driven by aggressive buying from local mutual funds. NCCPL data shows that mutual funds were…
HPV Vaccine: What It Is and Where It Is Used Worldwide
As Pakistan debates the Human Papillomavirus (HPV) vaccine, global evidence overwhelmingly supports its safety and effectiveness in preventing cervical cancer. The HPV vaccine, introduced in 2006 and endorsed by the World Health Organization (WHO), is now part of national immunisation programmes in over 150 countries. It is regarded as one of the most effective tools…
Market Review: KSE 100 Index up to settle at 45,910
News Report KSE 100 index largely remained in the positive session during the trading session on Friday to settle at 45,910 level up by 0.10%. The Karachi stock exchange also observed some profit-taking in the second half of the trading session as the index settled at a 45,910 level (up by 0.10%). A major contribution…
CCP Approves Acquisition of M/s FLSmidth Cement
ISLAMABAD, Oct 22: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s FLSmidth Cement by M/s Corsica Buyer ApS under a global Share Purchase Agreement. The transaction involves the acquisition of FLSmidth Cement A/S, a Danish company engaged in providing cement technologies and related services worldwide, by Corsica Buyer ApS—a newly incorporated…
