Tag: Stocks
Stocks market close at a three week high
The stock market closed at a three-week high yesterday, driven by optimism over upcoming company results, traders said. The Karachi Stock Exchange’s (KSE) benchmark...
Breather for KSE as MQM quits long march
Local stocks closed higher on Friday market after traders learnt the main political party in the financial hub of Karachi decided not to participate...
‘Cliff’ concerns give way to earnings focus
Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa (AA.N), are expected to be only slightly better than the...
Pakistani stocks plunge over 300 points, rupee weakens
Pakistani stocks closed lower on Wednesday amid concerns over political stability and weaker interest in energy stocks, dealers said.
The Karachi Stock Exchange’s (KSE) benchmark...
Holiday ‘on standby’ as clock ticks on cliff
Last-minute negotiations in Washington on the so-called fiscal cliff - nearly $600 billion of tax increases and spending cuts set to take effect in...
Global stocks, dollar up modestly after strong jobs data
The dollar edged up, though the currency was off its highs as investors parsed the details of the labor market report, one of the...
Wall Street week ahead: Going off ‘cliff’ with a bungee cord
All these events, in the end, turned out to be buying opportunities for stocks. So will the "fiscal cliff," some investors say as they...
Global stocks gain on fiscal hope; yen down for third day
But shares on major markets still posted a second consecutive weekly loss as the collective worry about the U.S. government's fiscal problems and weak...
US stocks, oil rebound on strong consumer data
Stocks later trimmed gains after President Barack Obama said any deal with Congress to avert a fiscal crisis must come with higher taxes on...
Wall Street ends storm-shortened week with a selloff
Energy stocks were a drag on the market after Chevron Corp, the second-largest U.S. oil company, posted a profit that missed expectations. The stock...
World stocks, oil fall on US results, economy fears
The dollar climbed against the euro and the yen as a perceived lack of progress on a Spanish bailout request reminded investors of the...
Stocks retreat on earnings concerns, euro steady
Investors failed to be cheered even by data showing Americans were the most upbeat they have been in five years, as well as record...
Stock bulls eye Spain, Bernanke and jobs
The S&P 500 .INX.SPX finished its third positive quarter in the last four on Friday, despite suffering its largest weekly percentage decline since June....
Stocks face earnings and data hurdles
A bevy of economic reports, including durable goods orders, will grab attention, particularly after the Federal Reserve unveiled its plan on September 13 for...
US stocks rally after new Fed easing program
As part of its new round of quantitative easing, the Fed said it would buy $40 billion of mortgage debt per month and would...
Bulls hit another ton
The bulls stamped their authority on the Karachi stocks market on last working day of the week Friday with benchmark, KSE 100-share index gained...
Asian stocks mixed on stimulus hopes, Samsung falls
Asian markets were mixed Monday amid hopes of new easing measures by the United States and diplomatic manoeuvring on Greece, but Samsung shares plunged...
