Monday, February 16 2026

Selling continues at bourse, KSE-100 down over 3,000 points
Selling pressure continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 2,000 points during the intra-day trading on Monday. At 1:50pm, the benchmark index was hovering at 176,574.00, a decrease of 3,029.73 points or 1.69%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PPL, POL, HBL, MCB, MEBL and NBP, traded in the red. Federal Finance Minister Muhammad Aurangzeb announced on Saturday that Prime Minister Shehbaz Sharif would soon unveil a relief package for the construction sector. The minister also revealed that the government is considering reducing tax rates for the property sector and will announce a relief package for the textile industry within the next ten to twelve days.
Related news categories: business economic-indicators psx stock-exchanges

Asia shares becalmed by holidays, dire Japan data
Asian shares were quietly consolidating recent hefty gains on Monday as holidays made for thin trading, and dismal economic data out of Japan took some of the heat out of that booming market. China, South Korea, Taiwan and the United States were among the centres off, leaving currencies, commodities and bonds all becalmed. The major data of the week are not out until Friday when surveys of global manufacturing hit and the US reports gross domestic product for the fourth quarter. Median forecasts are for annualised growth of 3.0%, down from 4.4% the previous quarter but still solid. Japan on Monday reported its economy grew a miserly 0.1% annualised in the December quarter, far below the 1.6% gain forecast as government spending dragged on activity. The disappointing figures underline the tough task ahead for Prime Minister Sanae Takaichi and should support her push for more aggressive fiscal stimulus.
Related news categories: business misc stock-exchanges

UBL executes Rs20bn Interest Rate Swap with Engro
United Bank Limited (UBL) has successfully executed a PKR 20 billion Interest Rate Swap (IRS) transaction with a subsidiary of Engro, one of Pakistan’s leading conglomerates. This landmark deal further strengthens UBL’s position at the forefront of Pakistan’s developing derivatives and risk management market, following its historic PKR 75 billion IRS transaction earlier this year — the largest such transaction ever concluded in the country. The latest transaction enables Engro to effectively hedge interest rate risk on its long-term local currency exposure, enhancing cash flow visibility and reinforcing its financial risk management framework. The deal reflects growing corporate confidence in sophisticated treasury solutions and signals continued momentum in Pakistan’s evolving financial landscape.
Related news categories: business comm-banks economic-indicators investment-copr psx stock-exchanges
Related symbols: ubl (news stock)

Fauji Cement, KAPCO move to take 92% stake in Attock Cement
Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) have announced a public offer to acquire up to 10.95 million ordinary shares, representing approximately 7.97% stake, in Attock Cement Pakistan Limited. According to a filing submitted to the Pakistan Stock Exchange (PSX) on Monday, the acquisition is part of a broader transaction to take joint control of the company. Last month, KAPCO and FCCL entered into a sale and purchase agreement (SPA) with Pharaon Investment Group Limited Holding S.A.L for the sale of 84.06% of the total issued and paid-up capital, and joint control of Attock Cement Pakistan Limited.
Related news categories: business cement economic-indicators oilgas-exploration oilgas-marketing psx stock-exchanges
Related symbols: acpl (news stock) fccl (news stock) kapco (news stock)

Service Long March Tyres announces $80m tyre manufacturing facility in Sindh
Service Long March Tyres Limited (SLM), a Chinese-Pakistani joint venture, approved an $80 million investment to establish a Passenger Car Radial (PCR) tyre manufacturing facility in Nooriabad, Sindh. SLM, an associated company of Service Industries Limited, shared the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. The new project will serve the domestic as well as export markets, added the company. Last year, SLM announced its plans to raise capital through an Initial Public Offering (IPO) and pursue a listing on the PSX. “We are pleased to convey that Service Long March Tyres (Private) Limited (SLM), a subsidiary / associated company of Service Industries Limited, has decided to raise capital through IPO and, accordingly, to seek listing on the Pakistan Stock Exchange Limited,” read the notice to the PSX.
Related news categories: business economic-indicators leather psx stock-exchanges
Related symbols: srvi (news stock)