Stocks mostly downbeat before Fed update
World stock markets largely retreated Wednesday, with all eyes on the Federal Reserve as it prepares to offer further clues as to the timing of the next US rate rise. European indices…
KSE 100-share index settles above 40,000
After reaching its all time high of 40,030 on Monday and continuing the rally in early hours of next day, the Pakistan Stock Exchange KSE benchmark 100-index struggled to keep up the…
KSE 100-index peak holds with slight drop
After closing on an all time high of 39,800 points on Monday, Pakistan Stock Exchange (PSX)’s benchmark KSE 100-share index lost 13.71 points or 0.03 per cent during a volatile session on…
January-March quarter: Unilever reports Rs 351 million in profits
Unilever Pakistan Foods Limited posted an increase in net profit by nearly one-fifth to Rs 351 million, according to a notice sent to Pakistan Stock Exchange on Monday. The company reported an…
Shares end higher; rupee steady, o/n rates fall
Shares closed higher in thin trade Tuesday on positive investor sentiment, rebounding from losses in the previous session that followed allegations of corruption against Prime Minister Nawaz Sharif’s family, analysts said. The…
World stocks resume slump as oil hits new low
Global stocks suffered another rout Wednesday as oil prices slid to fresh 12-year lows under $28, heaping further pressure on financial markets from London and Paris to Russia and Shanghai. Foreign exchange…
China stocks tumble most since summer slump as brokerage probe widens
Chinese shares sank more than 5 per cent on Friday in their biggest drop since this summer’s rout after Reuters reported the stock regulator had widened its probe on brokerages to include…
Oil and stocks come crashing down as China ‘stretches’
A selloff in global stocks gathered pace Monday, hot on the heels of the steepest one-week decline in years for many major markets.
KSE-100 gives in to ‘uncertainty’, melts by 1,419 points
Political uncertainty in the country and falling oil prices in international markets crushed Pakistani bourses on Monday with Karachi Stock Market (KSE) 100-index nose diving by 1,419 points in a single day.
US dollar hits 17-month high at Rs 104.10
With reports that some dominant exporter groups are trying to create instability in the market by buying US dollars in large quantities, the exchange rate for US dollar in the interbank market has appreciated by Rs 2.10, reaching a 17-month high of Rs 104.10.
PSO seeks Rs 30b more as furnace oil stock depletes
The Pakistan State Oil, the country’s largest oil marketing company, on Wednesday sought Rs30 billion from the government on urgent basis in view of fast-depleting furnace oil stock. A private TV channel…
Stocks market tumbles on govt’s sell off plan
Govt announces to sell 5 to 20 per cent of its shareholdings in OGDCL, PPL and UBL KSE 100-share index nosedives by 193.81 points or 0.71 percent The risk-averse investors on the…
Stocks close higher at KSE
The Karachi Stock Exchange closed higher on on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.69 percent, or 174.26 points, to 25,524.46. With momentum continuing and improving…
Stocks end higher, rupee weakens
The Karachi Stock Exchange closed higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange rising 100.41 points to 21,775.39. Positive sentiment was witnessed in the market as global…
Stocks end lower, rupee steady
The country’s main stock exchange closed lower on Tuesday as investors anticipated more interest rate hikes from the central bank. The benchmark 100-share index of the Karachi Stock Exchange fell 0.76 percent…
Moody’s, APC help bulls-run on Karachi stocks
The Karachi stocks market witnessed a bullish trend Tuesday on the back of politico-economic positives, prominently Moody’s favourable remarks regarding IMF’s $6.64 billion loan for the dollar-hungry Pakistan. The day saw the…
Stocks close lower, rupee steady
Stocks closed lower on Monday in the Karachi Stock Exchange, with rising pressure on Engro Corporation dampening sentiments across the board. Engro Corporation closed at its lower limit amid speculation that one…