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Pakistan’s benchmark KSE-100 index plummeted 11,015.96 points on Monday, closing deep in the red. The decline of 6.99 per cent from the previous close of 157,496.10 points dragged the index down to 146,480.14 points by the closing bell. At close, trading volume stood at 378,012,095 shares, with a total value of Rs33,004,278,586. The market’s heaviest movers were led by K-Electric Limited, which tumbled 7.81pc to Rs7.20 on 127,469,387 shares. First National Equities Limited saw a sharper drop, plunging 12.21pc to Rs1.15 on 33,608,420 shares, while The Bank of Punjab slumped 10.01pc to Rs25.45 on 33,386,862 shares. Trading was temporarily halted around 9:20am after the index dropped 9,780.15 points, prompting a market suspension. A notice from the Pakistan Stock Exchange said the halt was triggered when the KSE-30 index fell 5pc from the previous day’s close. In accordance with PSX regulations, all equity-based markets were suspended. When trading resumed, the index fell further, recording a decline of 13,157.6...
TEHRAN: A massive fireball erupts after an oil depot was targeted by US-Israeli bombing. The destruction of refineries and storage facilities in Iran’s capital precipitated a toxic ‘oil rain’ over the city, with skies darkened by thick black smoke.—AFP • Capital plunges into darkness; residents warned of chemical burns, acrid fumes • Lebanon terrorised as Israeli strike targets Beirut hotel • Israel, Trump vow to pursue, kill any successor to Khamenei • Iran unleashes missiles on Gulf neighbours; Pezeshkian says they were ‘forced to respond’ • Arab League condemns ‘reckless’ Iranian attacks as diplomacy falters • Bahrain blames Tehran for attack on water plant TEHRAN: Residents of Iran’s capital awoke on Sunday to a darkened, apocalyptic sky as a black, oily rain fell, a day after Israeli airstrikes targeted refineries and fuel depots, plunging the sprawling metropolis into a toxic gloom. The nine-day-old war launched by a US-Israeli coalition against Iran has now engulfed much of the Middle East, with strike...10444 items