KSE-100 Index gains 60pc in FY25, best two-year performer globally

KARACHI: Pakistan’s benchmark KSE-100 Index hit a record high of 125,627.31 on Monday, closing the fiscal year 2024-25 with a remarkable 60% gain in rupee terms and 57% in US dollar terms, cementing its place among the world’s top-performing markets. The index rose one percent on the final trading day, propelled by robust year-end flows and China’s rollover of $3.4 billion in commercial loans.

Read more

NAB freezes properties of tycoon Malik Riaz in land grab investigation

ISLAMABAD: Pakistan’s anti-corruption agency, the National Accountability Bureau (NAB), has imposed a 15-day freeze on 457 properties nationwide, including those owned by property tycoon Malik Riaz’s son, Ahmed Ali Riaz, and his company, Bahria Town Pvt Ltd, as part of a sweeping investigation into the alleged illegal seizure of government land in Karachi, officials confirmed Saturday.

Read more

1 40 41 42 43 44 50