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PSX opens week bullishly, KSE-100 records significant surge – SUCH TV
The Pakistan Stock Exchange kicked off the week on a strong note, with the benchmark KSE-100 Index continuing its upward momentum from Friday’s session.
Trading opened in green as the index rose sharply in early hours, reflecting renewed investor confidence and positive market sentiment. At the start of the session, the KSE-100 stood at 160,619.82 points after gaining 1,026.92 points with a trading volume of 1.49 million shares. By around 9:34 AM, the index climbed further to 161,059.13, up by 1,466.23 points, as volumes crossed 5.3 million shares.
The bullish trend persisted through midday, and by 1:39 PM, the benchmark index had advanced to 161,433.85 points, marking a strong gain of 1,840.95 points or 1.15 percent, with volumes swelling to nearly 141 million shares.
So far in 2025, the PSX has shown a robust performance, rising 40.22 percent year-to-date, while the one-year change stands at an impressive 73.04 percent. During the day, the index moved within a range of 160,406.42 to 161,604.30 points, staying well above the previous session’s close of 159,592.90. Over the past 52 weeks, the benchmark has traded between 92,566.49 and 169,988.62 points, highlighting a remarkable recovery trend.
Investor activity remained brisk, led by several actively traded stocks. Among the top movers, First National Equities gained 10.01 percent to reach Rs21.22, while ICIBL surged 14.17 percent to Rs6.93, topping the list of advancers. Other notable gainers included CHBL, CJPL, FFLM, and IBLHL, all rising by around 10 percent.
On the downside, AGICR2 and PRWM were among the worst performers, both shedding 10 percent, while KCL, INKL, and AMBL also faced notable losses. Friday’s session had already set the stage for today’s rally, as the index had closed higher by 496.12 points at 159,592.90. With strong buying interest continuing into the new week, market participants appear optimistic about short-term gains, supported by improving sentiment and steady foreign inflows.
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The NFL shield logo on the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium in Houston on Aug. 24, 2024.
Ric Tapia | Getty Images Sport | Getty Images
The NFL is asking prediction market operators to keep specific event contracts that the league deems “objectionable bets” off of their platforms.
In a letter obtained by CNBC, the league outlines examples of event contracts that would be easily manipulable by a single person, inherently objectionable, related to officiating and knowable in advance — and asks that operators refrain from offering such trades.
The NFL declined to comment on which companies received the letter, but said it was sent to operators that are registered with the Commodity Futures Trading Commission and that offer NFL trades.
Prediction platforms Kalshi and Polymarket have dominated the burgeoning predictions industry in recent months, spurring sports betting incumbents like FanDuel and DraftKings to enter the predictions space, as well.
“Sports prediction markets are not effectively regulated currently,” NFL executive vice president Jeff Miller said in a statement. “We will continue to engage with the CFTC in pursuit of the necessary guardrails to protect both the integrity of the game and consumers participating in these rapidly evolving markets.”
While some leagues such as the NHL, MLB and MLS have embraced prediction markets, signing operators as partners, the NFL has been more cautious.
“There is no greater priority for the NFL than protecting the integrity of our games and the welfare of our players,” the letter stated.
In the letter, signed by NFL Chief Compliance Officer Sabrina Perel, she says it is encouraging that the CTFC recognizes that sports-related prediction markets should be regulated differently than other futures contracts.
The examples provided in the letter of events that could be easily manipulated by a single person included whether a kicker would miss a field goal, a quarterback’s first pass being incomplete, or a receiver missing their first target.
The list also included non-game related event contracts, such as broadcast mentions, or appearances by fans or celebrities at the games. During the Super Bowl, these types of wagers were extremely popular, such as whether Jeff Bezos would be in attendance.
Kalshi CEO Tarek Mansour told CNBC after the February championship game that the prediction platform saw more than $100 million in trading volume alone on a question of what halftime performer Bad Bunny’s first song would be.
The league also took issue with “inherently objectionable” wagers such as play injuries, fan safety and play misconduct.
The letter concludes by saying the NFL would be happy to meet to discuss “our views on sports prediction markets in greater detail, including prohibited bettors, information sharing with leagues and responsible betting measures.”
Disclosure: CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.
Iran’s Army says it has targeted the US radar stations and a site for the deployment of American military forces in the United Arab Emirates with invading drones, amid an ongoing unprovoked war of aggression by a US-Israeli military coalition against the Islamic Republic.
In a statement on Monday, the Army said its invading drones carried out strikes overnight targeting the enemy’s radar stations in the UAE, responsible for detecting and tracking Iran’s missiles and combat drones.
In its latest wave of retaliatory strikes against American military assets in the region, the Army’s explosive drones also hit US troop positions in the Emirates.
Since the United States and the Israeli regime started unprovoked military aggression against Iran on February 28, Iranian ballistic missiles and drones have repeatedly hit US facilities in the Persian Gulf countries and the Israeli-occupied territories.
The Islamic Revolution Guards Corps said on Sunday that it hit and destroyed a Boeing E3 Sentry surveillance aircraft belonging to the US Air Force in a retaliatory attack against a US-run military installation in Saudi Arabia.
Images circulated on social media platforms show that an Iranian projectile has hit the most important and sensitive section of the aircraft near its tail, where the expensive AN/APY2 reconnaissance radar is lifted.
This came after the IRGC said a warehouse storing Ukrainian anti-drone systems was destroyed in a missile operation in Dubai, the UAE.
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