Entertainment
PSX rebounds on rate cut hopes, US-Iran de-escalation talk
The equity market rose on Friday as investors bought the dip pointing to US–Iran de-escalation and a dovish tilt in rate expectations, lifting risk appetite early in the session.
The Pakistan Stock Exchange’s benchmark KSE-100 Index climbed to an intraday high of 184,645.65, gaining 3,189.32 points, 1.76%, from the previous close of 181,456.33, and reached a low of 182,559.69, up 1,103.36 points, or 0.61%.
“The market witnessed a sharp recovery after the latest news flows suggest the de-escalation between the US and Iran,” said Huzaifa Riaz, Director, Mayari Securities (Pvt) Limited.
“Additionally, sentiment around the next monetary policy remains dovish as the latest auction suggests a 50 bps cut, which could further improve a risk-on sentiment,” he added.
Ahsan Mehanti, Managing Director and CEO of Arif Habib Commodities, echoed the sentiments, saying: “Bullish activity witnessed in early session at PSX amid reports of US-Iran de-escalation,” adding: “Speculations over further SBP policy easing amid falling government bond yields played a catalyst role in bullish activity at PSX.”
A Topline Research survey ahead of the State Bank of Pakistan (SBP) Monetary Policy Committee meeting on January 26, 2026, showed 80% of participants expect a rate cut.
Of those, 56.4% see 50 bps, 15.4% expect 100 bps, 5% look for 25 bps, and 3% foresee 75 bps, while 20% expect no change. In the previous decision on December 15, 2025, the SBP cut 50 bps.
SBP reserves rose $16 million to $16.072 billion in the week ended January 9, taking total liquid reserves to $21.248 billion (commercial banks $5.177 billion, up $40 million).
The SBP noted ongoing foreign exchange purchases amid a steadier current account supported by remittances; from June 2024 to September 2025, net market purchases totalled $9.7 billion.
The central bank projects the FY26 current account deficit at 0–1% of GDP and sees reserves at $17.8 billion by June 2026 with planned official inflows.
On Thursday, the KSE-100 Index fell 1,113.48 points (0.61%) to 181,456.34 from 182,569.82, after trading between 183,717.54 and 180,783.63.
Chris Brown mansion in Los Angeles turned into a scene of chaos on Friday after reports of gunfire outside the property.
Police rushed to the Tarzana home after calls about shots being fired around late afternoon.
A woman told officers that a man fired at her car during an argument near the estate.
According to reports, officers arrived in no time and talked to both people involved.
The man gave his version of events and said the argument started when the woman refused to leave the area.
He also claimed that things got worse when she drove over his foot and said he then fired shots at her vehicle.
The suspect was arrested at the scene and now faces serious charges including assault with a deadly weapon and vandalism.
Police, however, made it clear that the shooting happened on the street outside the mansion, not inside the house or on the property grounds.
It is still not confirmed if Chris Brown was inside the home at the time or connected to the people involved.
The incident reported at a time when the singer is already dealing with ongoing legal issues in a separate case that is set to go to trial in the coming months.
Entertainment
AI detects pancreatic cancer 3 years before diagnosis: Study reveals breakthrough results
An artificial intelligence (AI) software that could possibly revolutionise pancreatic cancer treatment by early diagnosis, even before the tumor becomes visible on a scan, is currently being evaluated in a clinical trial.
A Mayo Clinic AI tool detected abnormalities on scans up to three years before the patients were diagnosed.
According to a research paper published in the journal Gut, an AI model developed by a Minnesota-based clinic was trained with CT scans of patients who were earlier being examined for other diseases but were later diagnosed with pancreatic cancer.
The research team then asked radiologists and AI software to review the scans and found the AI system to be three times more effective at detecting early signs of the disease compared to radiologists.
A radiologist at Mayo Clinic and an author of the study said they knew pancreatic cancer does not come all of a sudden in three months, adding, “We knew that signal was there. We just needed to find a way to be able to detect it.”
Pancreatic cancer has a five-year survival rate of around 13% and is on its way to become the second leading cause of cancer deaths by 2030; however, if successful, the deployment of Mayo Clinic’s AI software could improve early detection and treatment outcomes.
Early detection for the disease has been rare so far, but the Stage I patients had a survival rate of up to 40%.
Chris Brown mansion incident raises alarm as gunfire reported outside property
5/2: Saturday Morning – CBS News
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