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Pakistan stocks nosedive as Pak-India border tensions rise

Pakistan equities ended down on Tuesday with the benchmark KSE-100 Index nose-diving 785 points, closing at 38,822 levels, down 2 percent.
The negativity in the market was down to the escalating political scenario with India.Trust Securities equity analyst said the benchmark KSE-100 index opened Tuesdays trading session 184 points in the red zone where the index kept on losing points which brought the index level to new lows where the index made a low of -880 points. However, throughout the trading session volatility played its part as the index kept fluctuating, after continuously making new lows, buying increased momentarily but it wasnt enough to pull the market into the green zone, the reason as to why the KSE-100 index took a beating and opened in the red was because of the drastic increase in the political tension between India and Pakistan.
Overall, all the sectors came under pressure where Exploration and Productions (EPs), financials, cements and fertilizers were the major laggards.DG Khan Cement reported first half FY19 consolidated EPS of Rs3.82, whereas Pioneer Cement (PIOC) announced first half FY19 EPS at Rs2.32.Moreover, Nishat Mills Limited (NML) (-3.2%) reported first half FY19 consolidated an EPS of Rs10.84 with no cash payout.Pakistan Petroleum Limited (PPL), Oil Gas Development Company (OGDC), Habib Bank Limited (HBL), Engro, MCB Bank, Hubco, Fauji Fertiliser Company (FFC), United Bank Limited (UBL), Pakistan Oil Fields (POL) and Lucky Cement were top scrips that cumulatively contributed -314 points to the close.
th 2019.

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PSL Highlights 2019 Match 12: Quetta Gladiators Vs Lahore Qalandars: QG beat beat LQ by three wickets

SHARJAH: It could not have been a better sight than Pakistan captain Sarfraz Ahmed sealing the fate of a HBL PSL match, sending the last ball of the match over deep mid-wicket boundary to give Quetta Gladiators a three wicket win against Lahore.
Quetta, chasing 144 to win, needed three off the last ball from David Wiese and Sarfraz completed the task for Quetta’s fourth win in as many games to keep them on top of the six-team HBL PSL table.With that six Sarfraz finished with 52 not out off 36 balls with a six and four boundaries.Lahore Qalandars found the going tough against an accurate Quetta bowling, riding on a laborious 40-ball 45 not out which were, uncharacteristically, without a six and had only two boundaries to post a modest 143-7 in their 20 overs after sent into bat.
Quetta have now chased down targets successfully in all four matches, winning by six, seven, eight wickets in the previous matches.Quetta were in a spot of bother when they lost in-form Shane Watson off a third-ball duck and then the other two successful batsmen Rilee Rossouw (17) and Umar Akaml (nine departed soon to leave Quetta in a difficult situation at 3-53.
Ahsan Ali, who scored 29-ball 40 with two sixes and as many boundaries, fell to Sandeep Lamichanne and Dwayne Smith was run out for two, but the wily campaigner Sarfraz kept his nerves.Sarfraz and Mohammad Nawaz (18-ball 19 with a six) took Quetta to within nine runs of victory.Quetta needed seven off the last over which started with Wiese bowling Anwar Ali with a yorker.Sarfraz still knew a big hit could help Quetta cross the line and that he ultimately did, making Wiese — who hit a last ball six in Lahore’s win over Multan Sultans on Friday  a villain from a hero.
Quetta kept their top position with the win. Peshawar Zalmi (tw0 wins and two losses in four matches) are second, Islamabad United are third (two wins and two losses but ineferior net run-rate), Lahore are fourth (three losses, two wins in five), Multan are fifth (two points from four) while Karachi Kings are sixth (two losses and one win from three matches).Sarfraz praised opposition’s bowling.”When you chase you need to keep wickets in hand, but today we lost wickets regularly because Lahore bowled well.
In the end it was my day and I hit the needed runs,” said Sarfraz.Lahore’s skipper Fakhar Zaman — leading the side after De Villiers hurt his back and couldn’t take the field — admitted his team was short on runs.”We couldn’t get a big total and that hurt us badly,” said Fakhar.Lahore’s batting was kept under tight check by Quetta.It was young Mudassar who was impressive with 3-21. He did not allow the great De Villiers to hit at his usual best.
Mudassar kept following the great master as and when he moved in the crease, allowing him a leg bey and two singles in the 18th and just seven in the final over.Left-arm spinner Nawaz (1-35) removed Fakhar (three) in the second over.But Fakhar’s partner, Sohail Akhtar looked threatening as he smashed three sixes and a boundary in his 21-ball 29 but Mudassar got him caught behind to check the flow of runs.Corey Anderson, playing his first game this year, hit a six in his 18-ball 19 before David Wiese (16-ball 20 with a six) helped De Villiers add 40 for the fifth wicket.
But Lahore did not manage to hit high and wide in final overs as just 28 in the final five overs.That was because Quetta unleashed tight bowling, with Sohail Tanvir also chipping in with 2-21 in his four overs.None of the Quetta bowlers went over seven per over, with leg-spinner Fawad Ahmed the most expensive, returning with figures of 0-31.Karachi Kings meet title holders Islamabad United later Saturday.Quetta Gladiators beat Lahore Qalandars by three wickets in HBL PSLBrief Scores:Lahore Qalandars 143-7 in 20 overs (AB de Villiers 45 not out; Ghulam Mudassar 3-21, Sohail Tanvir 2-21)Quetta Gladiators 148-7 in 20 overs (Sarfraz Ahmed 52 not out; Haris Rauf 2-25)

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Rookie pacer Musa aiming to be the next big thing from PSL

Sharjah: With his three wickets on his debut for Islamabad United against a formidable Peshawar Zalmi, rookie fast bowler Mohammad Musa has heralded his arrival and could be the next big thing in Pakistan cricket.

The 18-year-old from Islamabad dismissed Kamran Akmal for his first wicket before accounting for England’s regular Dawid Malan and finally double World Twenty20 winning West Indies captain Darren Sammy.I can’t describe my feelings, said the unassuming lad from Islamabad.I was encouraged by my captain (Mohammad Sami), coaching staff and all the players, so those were great moments.Before the PSL, I knew that this is the platform to break into international cricket and I will do my best to come into the reckoning for the Pakistan cricket team, vowed Musa, who was picked in Islamabad United late last year.The HBL PSL has that quality of throwing talent. Already there are names which can be quoted as the emerging stars from Hasan Ali to Shadab Khan, from Shaheen Shah Afridi to Faheem Ashraf and from Fakhar Zaman to Hassan Khan.
Musa had already played for Pakistan in the ICC U19 Cricket World Cup in New Zealand last year. He grabbed seven wickets in five matches, notable among them was his four for 67 against India in the semi-final, which led to praises from India coach and one of the greatest batsmen Rahul Dravid.
Musa made his first-class debut for Sui Northern Gas Pipelines Limited last year. Under an astute captain in Misbah-ul-Haq, Musa grabbed four wickets in the match (three for 39 and one for 74) against a formidable WAPDA.
His first wicket was former Pakistan captain Salman Butt.Misbah bhai encouraged me a lot and then Waqar Younis (director at Islamabad United) liked me and told me that I will be in Islamabad United team for the HBL PSL 4 and that pumped me up, recalls Musa.Musa is from a middle-class family, who has seen their first kid aiming it big in cricket.They just watch cricket and pray for me to become a big star for Pakistan.

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