Business
Stocks slide sharply at Pakistan stock exchange – SUCH TV
After days of buying momentum, selling returned to the Pakistan Stock Exchange on Tuesday, with the benchmark KSE-100 Index diving by 1,700 points during the opening hours of the trading.
After days of buying momentum, selling returned to the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index diving by 1,700 points during the opening hours of the trading
At 12:00 noon, the benchmark index was hovering at 159,894.96, down 1,643.44 points, or minus 1.03 percent.
Out of 454 active companies, 133 advanced, 309 declined, and 12 remained unchanged.
Selling pressure was witnessed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including HUBCO, MARI, OGDC, POL, PPL, PSO, MCB, MEBL, and NBP, traded in the red.Earlier on Monday, the Pakistan Stock Exchange (PSX) closed on a positive note as the benchmark KSE-100 index gained 1,945.50 points, a positive change of 1.22 percent, settling at 61,538.41.
According to PSX data, the ready market recorded a turnover of 783.287 million shares as compared to 768.833 million shares traded earlier, while the traded value increased to Rs 36.372 billion from Rs 30.735 billion. The market capitalization also rose to Rs 18.471 trillion from Rs 18.286 trillion.
F. Nat. Equities led the volume chart with 73.709 million shares, followed by Kohinoor Spinning with 54.808 million shares and Bank Makramah with 49.120 million shares.
Unilever Pakistan Foods Limited stood among the top gainers as its share price increased by Rs 360.13 to close at Rs 28,999.99, while Exide Pakistan Limited gained Rs 59.32 to close at Rs 652.51.
The major losers included PIA Holding Company Limited-B, which fell by Rs 1,507.77 to close at Rs 23,380.18, and Pakistan Services Limited, which declined by Rs 89.45 to settle at Rs 1,374.30.
Business
No More Mandatory Probate Of Will In Mumbai, Chennai, Kolkata: What Does It Mean For Heirs?
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Probate of wills is no longer mandatory in Mumbai, Chennai and Kolkata after Parliament amended Section 213 of the Indian Succession Act, 1925.
ig Relief For Families: Wills No Longer Need Probate In Mumbai, Chennai, Kolkata
The probate of wills is no longer mandatory now in Mumbai, Chennai and Kolkata. The Indian government has brought amendment into Section 213 of the Indian Succession Act, 1925 under the Repealing and Amending Act, 2025.
Probate is a court’s legal confirmation that a will is valid. It allows the executor to distribute the deceased person’s assets.
Parliament passed the Repealing and Amending Act, 2025, which deletes Section 213, ending the requirement of mandatory probate for wills in Mumbai, Chennai, and Kolkata.
The government argued that the rule was a colonial-era provision, discriminatory, and causing unequal treatment between communities and regions.
What does this mean for heirs now?
Heirs of Mumbai, Chennai and Kolkata can claim property without probate like in other parts of the country. Banks, registrars and authorities may accept the will directly.
The process becomes faster, cheaper and less court-driven.
However, probate is still required in case there is a dispute over the will. The matter then can be proceeded with in the court for resolution.
Why was mandatory probate only for Mumbai, Chennai & Kolkata?
The mandatory probate was applicable only for these three cities, which reflects a remnant of the colonial era. The British created special succession rules only for these cities.
During British rule, Mumbai (Bombay), Chennai (Madras) and Kolkata (Calcutta) had Presidency High Courts.
Muslims and Christians were already exempt from mandatory probate even in these cities. This Section only applied over Hindus, Buddhists, Sikhs, Jains and Parsis.
December 31, 2025, 13:01 IST
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Business
KSE-100 Index surges past historic mark – SUCH TV
The Pakistan Stock Exchange (PSX) continued its upward trend on Wednesday, with the benchmark KSE-100 Index crossing over the historic 175,000-point milestone in early trading.
During the trading session, the KSE-100 Index rose by over 700 points, reaching a high of 175,232 points, its highest level ever.
Earlier in the day, the index had climbed 208 points to 174,681.
At the close of trading on Tuesday, the KSE-100 Index had ended at 174,472 points, highlighting the market’s continued bullish momentum as the year comes to a close.
Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs and power generation.
Index-heavy stocks, including HUBCO, MARI, POL, PPL, OGDC, PSO, HBL, MEBL and MCB, traded in the green.
Business
Asian stocks today: Markets trade mostly in red on last trading day of 2025; HSI sheds over 200 points, Kospi flat – The Times of India
Asian markets slipped mostly into red on Wednesday, the final trading session of 2025, as investors remained cautious ahead of the New Year holiday and took cues from Wall Street losses.In Hong Kong, HSI slipped over 224 points to 25,630. Nikkai was also trading at a loss, shedding 187 points or 0.3%. Shanghai and Shenzhen were also down 0.07% and 0.67% at 10:35 AM IST. South Korea’s Kospi was also down 6 points to trade at 4,214. With the holiday season keeping participation low, trading volumes across the region remained thin. Commodities offered a steadier picture, with precious metals holding their ground after retreating from record levels seen earlier in the week. The uneven performance followed a muted session in the United States, where major Wall Street indices finished slightly lower on Tuesday. Investor unease over stretched valuations in artificial intelligence (AI)-linked stocks continued to weigh on sentiment. Even so, US markets were still set to deliver solid gains for the full year, a trend mirrored across much of Asia. Regional markets benefited from a combination of easing monetary conditions and a powerful rally in technology shares. In China, fresh official data showed factory activity edged up marginally in December, offering a rare positive signal at the close of an otherwise subdued year for the world’s second-largest economy. A key driver of the year’s global market strength has been the US Federal Reserve’s shift towards monetary easing in the latter half of 2025, alongside a flood of investment into AI-related technologies. Minutes from the Fed’s December policy meeting revealed that most officials consider further interest rate cuts appropriate, provided inflation continues to cool as anticipated. Precious metals have been among the most volatile assets in recent days, lifted by their demand as safe-haven investments amid ongoing geopolitical tensions. Gold and silver both touched record highs last week before pulling back.
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