Latest news with #AHL
Express Tribune
3 hours ago
- Business
- Express Tribune
PSX retreats as investors lock in profits
Listen to article After riding high on a wave of optimism in the previous session, the Pakistan Stock Exchange (PSX) reversed course on Wednesday as investors opted to lock in profits. The KSE-100 index slipped 165.26 points, or 0.12%, closing at 139,254.36. Despite an early push that saw the index touch 140,202, selling pressure influenced trading through the remainder of the session, reflecting a cautious flip in sentiment. Arif Habib Corp MD Ahsan Mehanti commented that stocks closed lower amid institutional profit-taking in overbought shares and concerns over delay in privatisation of ailing state-owned companies. "Rupee instability, rising inflation and worries about foreign outflows triggered bearish activity at the PSX," he said. KTrade Securities wrote in its market wrap that the PSX witnessed a mixed session as investors opted to book profits at market highs, leading to a slight pullback in the benchmark index. The index touched intra-day high of 140,202 before retreating on selling pressure. KTrade expected the mixed trend to persist, with heightened volatility due to futures rollover and the ongoing earnings season, which may keep sentiment cautious. Among key negative contributors were Engro Holdings, HBL, MCB Bank and Pakgen Power. Arif Habib Limited (AHL) commented that the PSX failed to hold early gains above 140,200 and fell for the remainder of the session. Some 39 shares rose while 60 fell, with Bank AL Habib (+1.95%), Mari Petroleum (+1.04%) and Hub Power (+0.87%) being the key contributors to index gains. In contrast, Engro Holdings (-1.23%), Habib Bank (-1.23%) and Pakgen Power (-6.8%) were the biggest drags. During the trading session, PIA Holding Company (-1.2%) saw pressure as the airline's buyer would be required to invest Rs70 billion over five years under the revised business plan. Pre-qualified bidders are set to begin site visits and expert sessions from next week, AHL said. In addition, the State Bank of Pakistan's monetary policy announcement is scheduled for July 30. Among corporate announcements, Systems Ltd (+0.91%) was considering potential acquisition in the IT and IT-enabled services space. AHL expected the market outlook to remain positive, with focus still on 140,500 this week. JS Global analyst Muhammad Hasan Ather said that stocks experienced a slight pullback, with the benchmark index closing down 165 points at 139,254. After Tuesday's rally, profit-taking emerged as investors reassessed the sustainability of the optimism. Despite the initial momentum, profit-taking activities continued to dominate the market. Key sectors including banks and oil registered mild corrections. While near-term volatility is likely to persist, investor sentiment may improve if fiscal clarity emerges from the Federal Board of Revenue's negotiations with businessmen, Ather said. Topline Securities, in its report, noted that the market traded within a range throughout the session, moving between intra-day high of 140,202 and intra-day low of 139,105 amid futures rollover-related pressure. Key laggards included Enrgo Holdings, Habib Bank, Pakgen Power, MCB Bank and Meezan Bank, which collectively shaved 277 points off the index. In contrast, Bank AL Habib, Mari Petroleum and Hub Power offered some support by contributing 174 points, Topline mentioned. Overall trading volumes increased to 656.6 million shares compared with Tuesday's tally of 629 million. Traded value stood at Rs32.1 billion. Shares of 483 companies were traded. Of these, 211 stocks closed higher, 243 fell and 29 remained unchanged. WorldCall Telecom topped the volumes chart with trading in 55.4 million shares, rising Rs0.08 to close at Rs1.54. It was followed by Media Times with 38.4 million shares, up Rs0.6 to close at Rs3.67 and First Dawood Properties with 31.3 million shares, falling Rs0.89 to close at Rs6.75. Foreign investors sold shares worth Rs327.7 million, the National Clearing Company reported.
Yahoo
3 hours ago
- Sport
- Yahoo
Henderson Silver Knights Re-Sign Lucas Johansen To One-Year Deal
The Henderson Silver Knights have re-signed defenseman Lucas Johansen to a one-year deal, it was announced earlier this week.
Yahoo
6 hours ago
- Sport
- Yahoo
Levi On NHL.com's Top-10 Young Goalie's List
After winning consecutive Mike Richter Awards as the NCAA's top goaltender, signing with the Buffalo Sabres, and going 5-2-0 at the end of the 2022-23 season, the expectations Devon Levi were extremely high. Since then, the 23-year-old netminder has not been able to repeat his success at the NHL level, but has been one of the best goalies in the American Hockey League.
Yahoo
7 hours ago
- Sport
- Yahoo
Abbotsford Canucks Re-Sign Kambeitz, Walker & Arntsen
The Abbotsford Canucks have signed a trio of players to contract extensions. Forward Cooper Walker and Joe Arntsen both received two-year AHL extensions, while Dino Kambeitz was re-signed for one season. All three played depth roles for Abbotsford last year and helped the organization capture their first championship in franchise history.
Winnipeg Free Press
12 hours ago
- Sport
- Winnipeg Free Press
PWHL's Boston Fleet sign Kris Sparre as second head coach in franchise history
WELLESLEY, Mass. (AP) — The Boston Fleet have hired Kris Sparre as the second head coach in the PWHL franchise's history. Sparre, a 38-year-old veteran assistant with no experience in the women's game, replaces Courtney Kessel, who had a 27-19-8 record and a Walter Cup Finals appearance before leaving to take over at Princeton. Her departure leaves only two female head coaches among the PWHL's eight teams. 'This is a league that has tremendous momentum right now. And to be able to work in a city like Boston, that has such a rich tradition in winning, and building successful teams, is something I don't take lightly and am tremendously excited about,' Sparre said Wednesday at his introductory news conference. 'I want to carry on that tradition. I want to make the Boston Fleet a championship-level program that we can all be proud of.' A Toronto-area native, Sparre played nine seasons as a forward in the minor leagues and in Germany and coached in the OHL, AHL and Austria's top league. He was an assistant coach for Red Bull Salzburg from 2019-21 before spending three seasons with the San Diego Gulls, the AHL affiliate of the Anaheim Ducks. Making the move to women's hockey gave him the chance to deal with the sport's elite. 'It was important for me that I wanted to work with the highest level of athletes possible,' he said. 'They're motivated people. They want to get better. That's my skillset; that's my wheelhouse. That's where I want to live. And so when this opportunity came up, I didn't look at it as 'men's (vs.) women's.' I looked at as the best option to work with the best in the world.' Fleet general manager Danielle Marmer said Sparre's experience in the AHL, where coaches need to balance winning with player development, will make him a good fit. Marmer, who spent time in the Boston Bruins player development department, said Sparre's lack of experience coaching women did not scare her off. 'I don't have a concern about the fact that he hasn't coached women's hockey,' she said. 'These are professional athletes. He's coached professional athletes. He's coached the best players in the game. Our players want to be treated like pros, and they want to learn from the best. And I think that's what we're doing here with bringing Kris in.' The Fleet have eight players remaining from the roster that reached finals in the PWHL's inaugural season. But they are looking to replace 36-year-old captain and league MVP finalist Hilary Knight, who was left unprotected in the expansion draft and is moving to Seattle after a season in which she tied for the league lead with 29 points. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. 'These are the best players in the world — the best women's hockey players in the world,' said Sparre, who was headed out for lobster rolls after the media session. 'We've got to be humble. … We can learn a lot from them, too.' ___ AP Hockey Writer John Wawrow contributed to this report. ___ AP women's hockey:
