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…
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…
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…
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…
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 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…
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…
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…
A selloff in global stocks gathered pace Monday, hot on the heels of the steepest one-week decline in years for many major markets.
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.
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.
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…
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…
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…
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…
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…
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 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…