Business - DAWN.COM

PSX opens week in the red as Middle East hostilities spark 'risk-off' market mood

Plummets 2,300 points; Topline says decline "further exacerbated by broad-based profit-taking" following recent rally.

Updated 13 Jul, 2026 05:30pm

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
SPAC2	15	5	50.00 ▲	212,360
SHNI	9.75	0.95	10.80 ▲	2,347,753
DBCINC	11.61	1.06	10.05 ▲	3,468,020
CJPLWU	18.91	1.72	10.01 ▲	830,576
GOC	150.78	13.71	10.00 ▲	28,773

Company	Price	Change	Change %	Volume
TCORPR2	4.19	-0.6	-12.53 ▼	195,602
FSWLNC	206.2	-22.91	-10.00 ▼	13,183
ICIBL	24.24	-2.69	-9.99 ▼	299,849
ANTM	53.6	-5.91	-9.93 ▼	58,813
FILNC	360.26	-37.86	-9.51 ▼	2,853

Source: PSX | Updated Jul 13, 2026

Oil jumps 3pc as new strikes by US, Iran threaten Hormuz shipments

Brent crude futures climbs to $78.48 while US WTI crude rises to $73.76 a barrel.

Updated 13 Jul, 2026 06:19pm

Stakeholders blamed for Tarbela-5 cofferdam collapse

Inquiry body holds Wapda, contractor, consultant responsible as project cost rises from Rs82bn to Rs317bn.

Published 13 Jul, 2026 06:58am

Branded Content

Etihad Town opens a new chapter with the launch of Phase – IV

Etihad Town Phase - IV marks the developer's ninth project across Pakistan and fifth development in Lahore, further strengthening its presence in the country's real estate landscape.

Resecurity, HNL sign MoU to strengthen Pakistan's critical infrastructure against cyber threats

The strategic partnership will enhance cyber resilience and safeguard Pakistan's critical infrastructure from evolving digital threats.

Saudi introduces ‘Package Visa' integrating travel booking with Easier Visa Application

A fully digital initiative connecting visa application directly to travel bookings, making it easier to visit Saudi than ever before.

Interprovincial water discord and Irsa

Delay in ongoing works at Tarbela Dam has disrupted water releases, leading provinces to trade blame over distribution.

Updated 13 Jul, 2026 07:28am

Mango crops cause losses for farmers due to reduction in exports, climate change

Against the background of the challenges, B- and C-grade mangoes account for a much larger share of this year’s crop than premium A-grade fruit.

Published 13 Jul, 2026 07:55am

Are rising remittances strengthening Pakistan’s economy or masking its structural weaknesses?

Budget FY27 targets higher taxes, but not the export-led growth Pakistan needs.

Published 13 Jul, 2026 07:55am

Tax reforms urged to push investment in Balochistan

The company is still subject to a federal tax burden of up to 42 per cent, defeating the purpose of the incentive scheme.

Published 13 Jul, 2026 06:58am

LPG importers association warns of serious gas shortage in next few days, seeks 'sustainable' pricing framework

Says several importers have already reduced or suspended their operations as price notified by Ogra does not "accurately reflect the actual landed cost of imported LPG".

Published 12 Jul, 2026 10:38pm