Global markets surge on AI momentum while Pakistan strengthens reserves and attracts record investor demand; Boeing disappoints despite Trump's China deal announcement.
Key Points
Cerebras's IPO opens 89% above listing price and gains over 100%, signaling continued strength in AI sector investment and technology market appetite.
Pakistan's foreign exchange reserves rise to $15.87 billion with total liquid reserves reaching $21.34 billion, improving the country's financial stability position.
Pakistan raises RMB 1.75 billion in debut Panda Bond with over five times oversubscription, marking successful entry into Chinese debt markets and diversifying funding sources.
Boeing stock falls to six-month low after Trump announces China will purchase only 200 jets, disappointing investor expectations for larger commercial aircraft orders.
Trump discloses major purchases of Boeing and Nvidia shares as companies position to benefit from his China trade engagement and policies.
SECP triples Sahulat account limits and raises Sehl cap to Rs1 million, removing KYC duplicates to accelerate digital mutual fund adoption in Pakistan's retail market.
Pakistani government proposes mandatory SECP registration for housing developers, implementing sector reforms including digitization and one-window system.
Mortgage rates tick down to 6.36%, though analysts warn the decrease is likely temporary amid broader economic uncertainty.
Cheesecake Factory stock upgraded by J.P. Morgan as restaurant industry adapts to GLP-1 drug trends and changing consumer spending patterns.
Multigenerational home buying accelerates in the U.S. as demographic shifts and aging baby boomers drive demand for larger residential properties.