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Weekly Report: Pakistan Stock Exchange shows strong gains

Weekly Report

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bullish trend throughout the week, with investors showing renewed confidence amid positive economic indicators and encouraging sectoral news.

During the five-day trading week, the benchmark KSE-100 Index rose by 2,342 points, closing at 161,935 points from 159,592 points at the start of the week. The index reached a weekly high of 162,118 points and a low of 157,203 points, recovering two key psychological levels during the period.

Market activity included four days of gains and one day of decline, reflecting steady investor optimism. The market capitalization increased by Rs 146 billion, bringing the total to Rs 18,433 billion.

Approximately 46.7% of listed shares recorded price increases over the week. Out of 2,152 listed companies, 1,120 saw share prices rise, while 1,032 experienced declines.

Analysts attributed the positive momentum to strong economic indicators and favorable news from multiple sectors, which encouraged investors to actively participate in the market.

Trump announces scheduled meeting with Saudi leadership

Trump

US President Donald Trump has announced plans for a high-level meeting with Saudi Crown Prince Mohammed bin Salman next week, hinting that the discussion will carry significant strategic importance.

Speaking to reporters aboard Air Force One, President Trump said the planned engagement with the Crown Prince would cover key strategic matters.

When asked whether the US has decided to sell F-35 fighter jets to Saudi Arabia, Trump responded that the kingdom is interested in purchasing a large number of aircraft. “Saudi Arabia wants to buy many planes — a significant number of F-35s and other fighter jets,” he said.

He added that the United States manufactures “the best planes and the best missiles in the world.”

Regarding questions about the Abraham Accords, President Trump noted that the agreements would also be part of the discussions. He expressed optimism that Saudi Arabia would soon join the Abraham Accords.

Two more people die of dengue in Sindh

Two more people

KARACHI: The dengue outbreak in Sindh continues to worsen as two more people lost their lives in the past 24 hours, raising the provincial death toll this year to 31, according to the Sindh Health Department.

Among the latest victims are a 44-year-old woman from Karachi and a 13-year-old boy from Hyderabad.

In the last 24 hours, Sindh reported 829 new dengue cases, including 419 in Karachi and 468 in Hyderabad.

This year, the total number of dengue cases across the province has climbed to 14,468.

Currently, 245 patients are under treatment in government hospitals, while 173 are admitted to private hospitals.

Karachi’s government hospitals have allocated 256 beds for dengue patients, whereas private hospitals have reserved 165 beds.

A total of 34 laboratories in Karachi are conducting dengue testing — 12 government-run and 22 private labs.

In Hyderabad, 18 laboratories are offering dengue tests, including 7 government and 11 private facilities.

The Sindh Health Department continues to monitor the situation closely as cases surge across the province.

Babar Azam joins Saeed Anwar at top with 20 ODI centuries

Babar Azam

Babar Azam joins Saeed Anwar at top with 20 ODI centuries

ISLAMABAD: Pakistan’s star batter Babar Azam has written his name into the history books by equaling the national record for most ODI centuries by a Pakistani player.

In the second ODI against Sri Lanka at the Rawalpindi Cricket Stadium, Azam struck a superb 102 off 119 balls, matching Saeed Anwar’s long-standing record of 20 ODI hundreds.

Babar reached this milestone in just 136 innings, placing him among the fastest to reach 20 ODI centuries.

 South Africa’s Hashim Amla tops the list with 108 innings, followed by India’s Virat Kohli, who achieved it in 133 innings. In contrast, Saeed Anwar had needed 244 innings to complete his 20 hundreds.

Azam’s latest century serves as a major morale boost for Pakistan cricket and further strengthens his status as one of the premier batsmen in world cricket today.

Pakistan’s star batter Babar Azam has chosen not to engage with critics who questioned his form over the past two years, stating that his job is to play cricket and deliver on the field. He emphasised that his complete focus remains on performance rather than responding to criticism.

Speaking at a press conference after Pakistan’s impressive victory in the second ODI against Sri Lanka, Babar said that although the last two years were challenging, he worked hard on his fitness, batting, and fielding. “Whenever difficult times come, you must trust yourself,” he added.

Babar acknowledged the support he received from fans during tough phases, saying their encouragement gave him great confidence. He said he batted according to the team’s plan, and scoring a century helped restore his self-belief. “I trusted myself to score a hundred,” he noted.

Pakistan defeated Sri Lanka by eight wickets in the second match of the three-match ODI series.

Babar is now the third-fastest player in the world to score 20 ODI centuries in the fewest innings.

Senate approves amendments to armed forces and Supreme Court acts

Senate approves

ISLAMABAD: The Senate has passed key amendment bills for the Pakistan Army, Air Force, Navy, and the Supreme Court Practice and Procedure Act.

The session, presided over by Chairman Yusuf Raza Gilani, saw Federal Ministers Ishaq Dar, Khawaja Asif, and Tariq Fazal Chaudhry presenting the bills.

The Upper House passed the Pakistan Army Act, Pakistan Air Force Act, Pakistan Navy Act, and the Practice and Procedure (Amendment) Bill with a majority vote.

During the proceedings, members of PTI and JUI opposed the bills. Senators Humayun Mehmood and Kamran Murtaza demanded that the bills be referred to a committee, but the Chairman sought a vote from the house, and the bills were subsequently approved by a clear majority.

Speaking on the occasion, Ishaq Dar said the approval of the 27th Constitutional Amendment necessitated amendments in the Army, Navy, and Air Force Acts, which were now duly incorporated.

Federal Cabinet approves Gwadar-Oman ferry service

Federal Cabinet

KARACHI: The federal cabinet has approved the Gwadar-Oman ferry service, according to a statement by Federal Minister Junaid Anwar Chaudhry.

Following the cabinet’s approval, the ferry service between Gwadar and Oman is expected to be launched soon. Pakistan and Oman will soon sign a memorandum of understanding (MoU) for the ferry link, while an Omani delegation will visit Pakistan to finalize arrangements.

Minister Junaid Anwar Chaudhry said the new ferry route is expected to boost trade volume and investment between the two countries.

This initiative follows Pakistan’s earlier approval of a ferry service license to Iran, marking a continued effort to enhance regional maritime connectivity and trade through Gwadar Port.

JPMC ED Prof Shahid Rasool passes away

JPMC ED

KARACHI: Professor Shahid Rasool, the Executive Director of Jinnah Postgraduate Medical Centre (JPMC) Karachi, has passed away, leaving a significant void in Pakistan’s medical community.

Colleagues and staff at Jinnah Hospital expressed deep sorrow over his untimely demise, highlighting his commitment to medical education and the professional development of hospital personnel.

Under his leadership, the hospital undertook numerous initiatives to enhance healthcare delivery, streamline operations, and expand patient facilities.

Medical associations and public health officials have extended condolences to his family, describing Professor Rasool as a visionary leader whose contributions will have a lasting impact on the healthcare sector in Karachi and across Pakistan.

The hospital administration has announced that memorial arrangements and tributes will be organized in his honor to recognize his decades-long service to medicine and public health.

On the other hand, Sindh Chief Minister Murad Ali Shah has expressed deep grief over the passing of Professor Shahid Rasool, Executive Director of Jinnah Hospital Karachi.

In his statement, the Chief Minister described Dr. Shahid as one of the country’s finest surgeons, praising his dedication to medicine and healthcare. He added that Dr. Shahid Rasool’s services to the medical community will always be remembered.

The Sindh Chief Minister also prayed for the elevation of the late doctor’s ranks in the hereafter and extended his condolences to the bereaved family, wishing them strength and patience during this difficult time.

Dr. Shahid Rasool’s contributions to patient care, medical education, and hospital administration have left a lasting legacy in Pakistan’s healthcare sector.

Abu Dhabi pioneers driverless car services in Middle East

Abu Dhabi

Abu Dhabi: The first successful flight of a domestically manufactured helicopter has been completed in Abu Dhabi.

The helicopter can carry up to 250 kilograms over a distance of 700 kilometers. The Abu Dhabi government announced that the aircraft will be used primarily for delivery purposes. Its advanced hybrid engine allows it to operate using both electricity and fuel, and the helicopter has been entirely manufactured in Abu Dhabi.

In addition, driverless vehicles are now operational in Abu Dhabi, with regular commercial services having officially started. This development makes Abu Dhabi the first city in the Middle East to operate autonomous vehicles commercially, with two Chinese companies providing the driverless cars.

Petroleum products could see major price hike

Petroleum products

ISLAMABAD: Pakistan’s petroleum sector braces for a possible rise of PKR 9.60 per litre in fuel prices over the next fifteen days.

Industry sources said the increase is likely due to a shortage of diesel in the Gulf region. Pakistan imports most of its diesel from Kuwait, but supply has been affected because one of Kuwait’s refineries is undergoing extended maintenance.

Originally scheduled to be completed at the beginning of November, the maintenance has now been extended for another 15 days, creating a regional diesel shortage.

According to sources, only one of the three units at Kuwait’s Al-Zour refinery is fully operational, leading to reduced production of High-Speed Diesel (HSD) and an increase in global prices.

Ajay Devgn reacts to Kajol’s remarks on marriage expiry

Ajay Devgn

Actor Ajay Devgn has responded to his wife Kajol’s recent remarks about marriage during an interview on a YouTube channel.

During the conversation, Kajol openly discussed changing perceptions of love and modern relationships. When asked by Twinkle Khanna whether marriage should come with an “expiry” and renewal option, Kajol agreed, while Twinkle Khanna, Vicky Kaushal, and Kriti Sanon disagreed.

Kajol elaborated, saying, “I completely agree. After all, there’s no guarantee that you’ll marry the right person at the right time. Having a renewal option makes sense, and if there’s an expiry date, no one has to endure prolonged pain.”

In a separate interview, Ajay Devgn reflected on the evolving meaning of love, stating, “I think the meaning of love has changed over time. It has become a mundane, common thing. The words ‘love’ or ‘I love you’ are now overused and have lost their significance. In our time, saying ‘I love you’ was a big deal, but today people don’t grasp its depth.”

Actor Arjun Madhavan agreed, noting that previous generations regarded love with profound sincerity, even taking signing a card seriously. Ajay added that today, expressions of affection often end with a heart emoji or a simple ‘love you.’

Kajol and Ajay Devgn first met on the sets of the 1995 film Hulchul, and married four years later, becoming one of Bollywood’s most beloved couples.