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KSE-100 crosses 158,000 mark, sets new all-time high

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KSE-100 crosses 158,000 mark, sets new all-time high


Broker is busy in trading at the Pakistan Stock Exchange (PSX) in Karachi on Wednesday, October 23, 2024. — PPI
  • KSE-100 Index closed at 157,953.46 points, up 1,775.65 points, or 1.14%.
  • Index touched intraday high of 158,082.55, up 1,904.74 points, or 1.22%.
  • Session’s low recorded at 156,978.85, still up 801.04 points, or 0.51%.

The equity market advanced sharply on Thursday, closing at a fresh record as investor sentiment was buoyed by a landmark Strategic Mutual Defence Agreement signed between Pakistan and Saudi Arabia.

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index settled at 157,953.46 points, up 1,775.65 points, or 1.14%, from the previous close of 156,177.81. 

During the session, the index climbed to an intraday high of 158,082.55 points, gaining 1,904.74 points, or 1.22%. The session low was recorded at 156,978.85 points, still higher by 801.04 points, or 0.51%.

“The news about the defence partnership has brought excitement across the board. This is a major macro rerating game changer that can pour more liquidity and reduce risk premium,” AAH Soomro, an independent investment and economic analyst.

“The index may head upwards without corrections,” he added.

Pakistan and Saudi Arabia on Wednesday formalised a landmark Strategic Mutual Defence Agreement, pledging to treat any aggression against one country as aggression against both.

The pact was signed during Prime Minister Shehbaz Sharif’s state visit to Riyadh, where he was received by Crown Prince and Prime Minister Mohammed bin Salman at Al-Yamamah Palace.

The pact reflects a joint commitment to enhance bilateral security ties and contribute to regional and global peace, the statement said. It aims to develop defence cooperation further and strengthen joint deterrence against any aggression. Crucially, the agreement stipulates that any aggression against one country shall be considered aggression against both.

The government also raised Rs195 billion from the auction of market Treasury bills (T-bills) on Wednesday, surpassing its Rs175 billion target. However, it rejected bids for the 10-year floating-rate Pakistan Investment Bond (PIB) as investors demanded higher returns.

The T-bill auction drew participation worth Rs1.07 trillion, with yields ending nearly flat. The cut-off yield on a one-month paper eased by 1 basis point (bp) to 10.7445%. The three-month bill yield stood unchanged at 10.8502%, while the six-month paper edged down 1bp to 10.8376%. The 12-month yield also stayed steady at 10.9999%.

The State Bank of Pakistan (SBP) on Monday held its policy rate steady at 11% for the third consecutive meeting, citing inflation concerns amid devastating floods. Since June 2024, the central bank has slashed rates by a total of 1,100bps, but kept them unchanged in June, July, and now September.

By comparison, in the previous session on Wednesday, the KSE-100 Index closed almost flat, down 3.12 points to 156,177.82 from 156,180.94. The day’s high was 157,196.59 points, while the low stood at 155,960.36 points.





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Bad Bunny says 2026 Super Bowl halftime show will “be a huge party”

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Bad Bunny says 2026 Super Bowl halftime show will “be a huge party”


Bad Bunny says he’s approaching his highly anticipated Super Bowl halftime performance with a mix of excitement, gratitude and perspective. 

“To be honest, I don’t know how I’m feeling. There’s a lot. I’m still in the middle of my tour. I was just at the Grammys last week. All of that,” he said in English on Thursday at a press event hosted by Apple Music. He walked out to his 2017 single “Chambea.”

“I’m excited, but at the same time, I feel more excited about the people than even me — my family, my friends, the people who have always believed in me,” he said. “This moment, the culture — that’s what makes these shows special.”

Bad Bunny, the Puerto Rican superstar born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet. He will take the Super Bowl stage just one week after he won album of the year at the 2026 Grammys for “Debí Tirar Más Fotos.” It’s the first time an all Spanish-language album has taken home the top prize.

During the conference, Bad Bunny joked that fans didn’t need to learn Spanish to enjoy his set — but they should be prepared to dance, a reference to his “Saturday Night Live” monologue from last October.

Apple Music’s Zane Lowe and Ebro Darden hosted the conversation with Bad Bunny. Thursday’s event began with conversations with pregame performers at 10 a.m. Pacific time.

This year, a long line formed well before the doors opened, with credentialed media — including a noticeable presence of Spanish-language and Latin American outlets — packing the conference room nearly an hour before the news conference began.

It marked a stark contrast to Kendrick Lamar’s 2025 news conference, when the room didn’t fill up until roughly 15 minutes before the event.

Despite the heightened interest, Bad Bunny offered few specifics about what viewers will see Sunday.

Apple Music Super Bowl LX Halftime Show performer Bad Bunny smiles during a news conference, Thursday, Feb. 5, 2026, in San Francisco ahead of the NFL Super Bowl 60 football game between the Seattle Seahawks and the New England Patriots.

Godofredo A. Vásquez / AP


“It’s going to be a huge party,” he said. “What people can expect from me … I want to bring to the stage, of course, a lot of my culture. But I really don’t, I don’t want to give any spoilers. It’s going to be fun.”

For the artist, the journey to the Super Bowl was never driven by recognition or awards. He said “Debí Tirar Más Fotos” became his most meaningful project because it was rooted in reconnecting with his identity, history and culture but not chasing milestones.

“I wasn’t looking for album of the year. I wasn’t looking to perform at the Super Bowl halftime show,” he said. “I was just trying to connect with my roots, connect with my people, connect with myself.”

That mindset, he said, ultimately opened the door to something larger: bringing a deeply personal expression of culture to one of the world’s biggest stages.

“You always have to be proud of who you are and where you’re from,” he said. “But don’t let that limit where you can go.”

Bad Bunny is no stranger to the Super Bowl stage. He previously appeared during the halftime show at Super Bowl LIV in 2020 alongside Jennifer Lopez and Shakira. But he said his focus has remained unchanged.

“My biggest pleasure is just to create, have fun doing it and connect with the people,” he said. “That’s what I’m always looking for every time I’m in the studio.”

When asked if he will have surprise guests, he said “That’s something I’m not going to tell you.”

Then he said he will actually have a lot of guests watching — his friends, family, “the Latino community,” and people around the world who love his music.

At the end of the interview, Bad Bunny took questions from a few student journalists, including one who asked him to name an early supporter. “My mom,” the singer replied.

“Before everything, she believed in me as a person, as a human. She believed in me, in my decisions, in my opinions,” he continued. “I think that’s what got me here, you know? Not because she believed that I was a great artist but that she believed that I am a great person.”

The Super Bowl will be held Sunday at Levi’s Stadium in Santa Clara, with the Seattle Seahawks facing off against the New England Patriots.

The Super Bowl pregame show will open with several standout performers in Northern California: Charlie Puth will hit the stage to sing the national anthem, Brandi Carlile will take on “America the Beautiful” and Coco Jones will sing “Lift Every Voice and Sing.”

“I want them to feel inspired. I want everybody to know that music is such an amazing thing,” Puth said of his performance.

“This is pretty much the top of the top,” added Jones. “This is the bee’s knees. … It’s hard to compete. Maybe my wedding will be up there.”

The national anthem and “Lift Every Voice and Sing” will be performed by deaf performing artist Fred Beam in American Sign Language. Julian Ortiz will sign “America the Beautiful.”

Before the game, Green Day will play a set to celebrate the 60th anniversary of the Super Bowl. The band, which has its roots in the Bay Area, plans to “Get loud!” according to lead singer Billie Joe Armstrong.

In a historic first, the halftime show will include a multilingual signing program featuring Puerto Rican Sign Language, led by interpreter Celimar Rivera Cosme. She was also the interpreter for Bad Bunny’s landmark residency in Puerto Rico last year that drew more than half a million fans.

All signed performances for the pregame and halftime shows will be presented in collaboration with Alexis Kashar of LOVE SIGN and Howard Rosenblum of Deaf Equality.



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A celebration of fake books

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A celebration of fake books


A first-of-its-kind exhibit in New York City is drawing crowds of book enthusiasts. Ironically, none of the books featured are real. People who judge these so-called “Blooks” by their covers will have a surprise in store when they discover what’s inside these rare, novelty items. Lee Cowan reports.



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Prince Harry, Meghan Markle doing better in California than everyone thought

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Prince Harry, Meghan Markle doing better in California than everyone thought


Prince Harry, Meghan Markle doing better in California than everyone thought

Prince Harry and Meghan Markle have truly carved out their Californian dream life in Montecito, California, with their two children, Prince Archie and Princess Lilibet. 

Their sprawling $29 million estate has an outdoor pool, a wine cellar, a spa over the water, and a giant playground for the little royals. But it’s the bathrooms that has everyone talking.

A video from @globalstarhomes revealed that the mansion has nine bedrooms and 16 bathrooms, leaving fans both baffled and amused. 

Comments poured in, “Nine bedrooms and 16 toilets. Really?” one viewer asked, while another joked, “16 thrones for the royals, nice touch!” 

Others questioned the practicality, suggesting the couple could scale down and simply enjoy the house.

Large estates often include gyms, spas, games rooms, home cinemas, and tennis courts, each usually comes with its own bathroom. 

Meghan has said the couple knew they had found the one as soon as they saw it. “You walk in and go… Joy. And exhale. And calm. It’s healing. You feel free,” she told The Cut. 

She also revealed a sweet detail about their garden: two palm trees connected at the bottom reminded Harry of them as a family. 

“Now every day when Archie goes by, he says, hi, momma. Hi, papa,” The Duchess said.

Harry has also spoken fondly about life in the US, telling the New York Times 2024 DealBook Summit that he enjoys the freedom to raise his children in a way they likely couldn’t experience in the UK.





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