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Bulls dominate PSX as KSE-100 index crosses 47,000-point mark

Karachi: Bulls prevailed at the Pakistan Stock Exchange (PSX) on the last trading day on Friday as the benchmark KSE-100 index soared 573.17 points to once again surpass the 47,000-point mark.

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Bulls dominate PSX as KSE-100 index crosses 47,000-point mark
Bulls dominate PSX as KSE-100 index crosses 47,000-point mark

Encouraging remittances, and overwhelming response from the initial public offering of Octupus Digital were leading factors in the closing of stocks on positive note.  

The KSE-100 index spiked as soon as the morning bell rang, and the momentum continued in the first half of the session, however, investors resorted to profit-booking towards the closing of the market, which erased a few of the gains by the end of the session. Bullish investor spirits helped the index end the day on a positive note.

The benchmark KSE-100 index gained 573.17 points or 1.23% on Friday, to close at 47,198.29 points.

Trading volume rose to 427.4 million shares compared to 396.4 million shares traded on Thursday (September 9).

During the session, shares of 528 listed companies were traded. At the end of the session, 308 stocks closed in the green, 203 in the red, and 17 remained unchanged.

On Friday, Azgard Nine remainbed the volume leader with 39.7 million shares, losing Rs0.25 to close at Rs24.69.

Service Fab (R) remained second with 33.5 million shares, losing Rs0.61 to close at Rs2.78, and Maple Leaf Cement with 27 million shares, gaining Rs0.77 to close at Rs40.25.

Faisal Ali Ghumman is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Faisal Ali Ghumman is nothing less than a Veteran Editor and has been writing for GNN for the past 3 months.

Pakistan

'COVID fourth wave': Pakistan reports 3,689 cases, 83 deaths

Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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'COVID fourth wave': Pakistan reports 3,689 cases, 83 deaths

According to National Command and Operations Center (NCOC), around 3,689 cases of coronavirus were reported while 83 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,580.

The total number of cases has reached 1,197,887.

As many as 1,079,867 patients have recovered from the disease with 5,383 critical cases.

Punjab                

The number of patients swelled to 410,463 in the province with 12,171 causalities.

Sindh

The number of infections has surged to 442,401 in the province, while the death toll has reached 7,089.

Khyber Pakhtunkhwa

The confirmed cases have surged to 167,154 in the province with 5,200 casualties.

Balochistan

There are 32,517 confirmed cases while 342 patients have died from the infection so far.

AJK and Gilgit-Baltistan

There are 33,131 coronavirus cases in the AJK while the death toll has reached 715. On the other hand, there are 10,127 cases in GB with 179 coronavirus deaths.

Islamabad

There are 102,094 cases in the capital city while 884 people have lost their lives.

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World

North Macedonia: Massive fire engulfs COVID hospital, kills ten patients

Skopje: At least 10 people were killed and many more injured after a massive fire broke at a hospital treating coronavirus patients in Tetovo, North Macedonia.

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North Macedonia: Massive fire engulfs COVID hospital, kills ten patients

The huge blaze erupted Wednesday night—claiming lives of ten. Fire services and rescue teams rushed to the scene and fought to douse the flames for a couple of hours.

It’s not yet clear how the large blaze started or how many patients were inside.

While the cause has yet to be established, the country's Prime Minister Zoran Zaev posted on social media that the fire had followed an on-site explosion.

Footage shared on social media showed a building in flames and a thick cloud of black smoke billowing into the air near a main road in the city of Tetovo.

The facility was reportedly built last year to help care for COVID-19 patients.

Tetovo deputy fire Chief, Saso Trajcevski said, "The fire was huge because the hospital is modular, there was plastic".

The fire occurred as the former Yugoslav republic celebrated the 30th anniversary of its independence, with festivities in the capital Skopje, including a military parade.

However, investigators have gone to the scene to determine the cause of Yesterday’s fire.

Meanwhile, North Macedonia has been battling a surge in COVID-19 cases recently with 701 new cases and 24 deaths in the past 24 hours.

It has recorded more than 6,100 fatalities in total since the start of the COVID outbreak.

Macedonia government had to impose stricter measures, in a bid to prevent the spread of virus.

North Macedonia has a population of around 2 million and its healthcare services are run down as hospitals are overwhelmed in some areas, particularly where vaccination rates are low.

Covid-19 hospitals in other countries have been hit by explosions followed by fires. In Iraq, dozens of people were killed in fires that occurred after oxygen cylinders exploded in April and July.

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Sports

Ramiz Raja becomes PCB chairman unopposed

Lahore: Veteran cricketer and former Test captain-turned commentator Rameez Raja has emerged as the next chairman of the Pakistan Cricket Board (PCB) on Monday.

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Ramiz Raja becomes PCB chairman unopposed

To elect the 36th PCB Chairman, a special meeting of the Board of Governors (BoG) took place today, (September 13) at the High Performance in Lahore.

The PCB Election Commissioner, Mr Justice (retd) Sheikh Azmat Saeed conducted the election, presiding over the meeting.

The members of the BoG including Mr Aasim Wajid Jawad, Ms Alia Zafar, Mr Asad Ali Khan, Mr Arif Saeed, Mr Javed Kurieshi, Mr Ramiz Raja and Mr Wasim Khan attended the special meeting.

At 1415 inside the Bob Woolmer Indoor School, NHPC, the newly-elected PCB Chairman will hold his media conference, which will be live-streamed on all PCB social media channels.

As per the PCB Covid-19 Protocols, which are designed to ensure health and wellbeing of all involved, only reporters and correspondents who are fully vaccinated and have immunisation certificates are invited to attend the media conference.

Moreover, TV news channels will be welcome to use PCB’s broadcast quality live-stream details of which will be shared shortly before the start of the media conference.

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