Dera Ismail Khan / ISLAMABAD: On Tuesday, a tragic incident unfolded in the Darazinda area of Dera Ismail Khan, where two brave police officers were martyred and three others sustained injuries in what is believed to be a terrorist attack on the security force stationed at an oil and gas company.
In response to this heinous act, additional law enforcement personnel were promptly summoned to provide support as efforts to apprehend the culprits were underway.
DSP Asghar Ali Shah provided updates on the situation, stating that the injured officers had been swiftly transferred to the DHQ Hospital, with one of them in critical condition.
He emphasized that the police contingent stationed at the company camp had been the deliberate target of the attackers. As the search for the assailants continued, additional forces were deployed to the attack site to aid in the ongoing operation.
The Stock Market Crossed 54270 Points For The First Time Amid Bullish Sentiment
Meanwhile, the Stock market in Pakistan set another record as it crossed 54270 points on Tuesday morning.
The KSE-100 benchmark index hit 54,276 points with a 415-point gain on Tuesday till 11:55 am.
Positive discussions with the IMF and the election date announced on the intervention of the Supreme Court boosted the stock market sentiment.
The volume of shares traded at PSX amounted to 116.66 million involving 6.7 billion rupees.
If the talks with the IMF conclude on a positive note, it will further give a boost to stock market trading.
Pakistan’s economic team and the IMF officials have been holding talks since November 2, 2023, over the economic evaluation of the country under the Stand-by Arrangement.
Meanwhile, on Tuesday, international experts said that Pakistan’s red-hot stock market is nearing the brink of overheating, with a widely monitored momentum indicator reaching its highest level in 18 years.
The KSE-100 Index’s 14-day relative strength index (RSI) has surged past 90, a level not seen since March 2005. Historical data compiled by Bloomberg reveals that in the prior 14 instances when the RSI surpassed this threshold, the index retreated on eight occasions within the following 20 days, with an average decline of 4.2%.
