Entertainment
KSE-100 crosses 158,000 mark, sets new all-time high
- 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.
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.
Apple has announced a new financing scheme named “Flexible Finance Account” in the United Kingdom, replacing the popular iPhone Upgrade Program.
The move marks a major shift for customers accustomed to the old program, which enabled users to pay a monthly fee and upgrade to the latest iPhone on an annual basis after making 12 payments.
Another major news for iPhone users is the new program include AppleCare+ at 0%.
Apple’s U.K. website confirmed the end of the iPhone Upgrade Programme, stating, “We think you’ll love what’s next.”
The new Flexible Finance Account is referred to as a line of credit that provides “even more options” and flexibility for future Apple Store purchases.
Although some of the major offers are still interest-free, such as all the current iPhone 17 models and all the iPhone 16 models over certain terms like 20 or 24 months, the new system now applies interest rates for financing over longer terms for other products.
For instance, financing an iPad or Apple Vision Pro over 36 months will now incur a 14.9% APR.
Although the upgrade plan changes in the U.K., it will remain the same in the U.S. and other markets.
Customers in the U.K. who are already using the service are encouraged to continue with their current payments until they qualify for an upgrade, at which point they will be moved to the new system.
Apple points out that the new account system enables one-time approval for future purchases.
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