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PSX gains over 2,500 points as US-Iran peace hopes fuel bullish rally

KSE-100 surges past 170,000 intraday on strong institutional buying, easing geopolitical tensions KARACHI: The Pakistan Stock Exchange (PSX) extended strong bullish momentum on Monday as the benchmark KSE-100 Index hovered around 170,423.30 points at 1:24pm, up 2,579.06 points or 1.54% in intraday trade. During the session, the benchmark index touched an intraday high of 171,519.26 … Read more

Malaysia prepared to take Israel to ICJ over treatment of Gaza flotilla activists

Kuala Lumpur will initiate proceedings once lawyers complete collection of information, supporting evidence The Malaysian government is prepared to take Israel to the International Court of Justice (ICJ) over the alleged kidnapping and torture of activists from the Gaza-bound Global Sumud humanitarian aid flotilla, local media reported Monday. Amirudin Shari, Chief Minister of the Malaysian … Read more

IPOs: hunger for corporate paper

[ Global trends show that listing a family-owned conglomerate allows original sponsors to smoothly cede control to professional management. This institutionalisation protects solid businesses from failing. photo: file KARACHI: The record-breaking, Rs5.8 billion and five-second subscription of the Service Long March (SLM) Tyres’ 75% share in the IPO highlights the massive pent-up demand for quality … Read more