Bulls took control of the Pakistan Stock Exchange (PSX) on Monday as the benchmark index recovered over 900 points. The KSE-100 index gained 954.77 points (0.59 per cent) to close at 163,948.94 points from the previous close of 162,994.17 points. The index had begun the day on a positive note, reaching an intraday high of 167,245.54 at 10:39am after gaining 4251.37 points from the previous close. According to Mettis Global, the initial sharp rally came as investors reacted positively to developments surrounding rising tensions between Iran and the United States, alongside efforts to stabilise the situation in key global energy routes. However, the market witnessed a sharp fall after 3pm, reaching an intraday low of 163,417.84 points. Among the most actively traded stocks today: Hascol Petroleum Limited: up 0.76pc to Rs21.33 on a volume of 51,509,056 shares Cnergyico PK Limited: up 1.85pc to Rs8.27 on a volume of 50,165,739 Sui Southern Gas Company Limited: up 7.37pc to Rs26.52 on a volume of 49,675,264 The to...
The project of the nuclear plant using small modular reactors (SMR) in Doicesti, developed by RoPower Nuclear could attract funding from financial institutions backed by the government of the United States, more than $6.5 billion in all.
Bitcoin gained fresh bullish BTC price targets after hitting new three-month highs above $80,000. Bitcoin (BTC) starts a new week in fighting form as $80,000 returns after a three-month absence. It started with a breakthrough a key 21-week trend line last week, and now, Bitcoin is back at $80,000 for the first time in three months. Data from TradingView shows new local highs of $80,617 on Bitstamp. Read more
GameStop proposes a $55.5 billion cash-and-stock takeover of eBay, disclosing a 5% stake and says CEO Ryan Cohen would lead the combined company. GameStop proposed an unsolicited, non-binding $55.5 billion acquisition of eBay in a cash-and-stock deal, as the video game retailer looks to push further beyond its legacy retail business. The company on Sunday submitted a non-binding proposal to acquire 100% of eBay at $125 per share in cash and stock, according to an announcement. The offer includes a 46% premium to eBay’s unaffected closing price on Feb. 4, 2026, when GameStop began building its position in the company. GameStop also disclosed it has accumulated a roughly 5% economic stake in eBay through derivatives and common stock holdings. Read more