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Bulls maintained a hold of the trading floor at the Pakistan Stock Exchange (PSX) on Tuesday as shares gained over 1,000 points, continuing their upward momentum following de-escalation between India and Pakistan. The KSE-100 index opened with a gain of 2,769 points to stand at 120,067.12 points from the previous close of 117,297.73 at 9:30am. By 3pm, the index stood at 118,605.98 points, up 1.12 per cent. Bullish momentum witnessed at the Pakistan Stock Exchange — PSX data portal Finally, the index closed at 118,575.88 points, up 1.09pc or 1278.15 points compared to yesterday. A day earlier, the PSX gained a record 9pc, with the market mirroring the restored calm in the region after the Pakistan-India ceasefire. The development, announced by US President Donald Trump on Saturday, followed four days of tit-for-tat strikes between the nuclear-armed neighbours, as well as diplomacy and pressure from Washington. Commenting on today’s surge, Awais Ashraf, director of research at AKD Securities said: “Investor sen...
Hip-hop mogul Sean “Diddy” Combs went on trial on sex trafficking charges on Monday, with prosecutors saying the Bad Boy Records founder lured women into romantic relationships, forced them to take part in days of drug-fuelled sex parties and then blackmailed them with videos he recorded of the encounters. Combs “viciously attacked” women when they resisted taking part in the parties, known as ‘freak offs’ or otherwise upset him, prosecutor Emily Johnson said during her opening statement in Manhattan federal court. She told jurors they would hear testimony from victims who said Combs, 55, routinely beat them and exploded with rage at the smallest slights. The case has drawn intense media coverage because of Combs’ fame. “They will tell you about some of the most painful experiences of their lives. The days they spent in hotel rooms, high on drugs, dressed in costumes to perform the defendant’s sexual fantasies,” Johnson said. Defence lawyer Teny Geragos countered that prosecutors were trying to twist Combs’ r...6358 items