Bitcoin receives 6.1% drop to $47,607 By: Web Desk on December 29, 2021On Tuesday, bitcoin fell 6.13 percent to $47,606.92, a loss of $3,111.19 from its previous close. Bitcoin, the world’s most popular cryptocurrency, is down 31% from its year-high of $69,000 on November 10. On Tuesday, Ether, the cryptocurrency linked to the Ethereum blockchain network, fell 5.57 percent to $3,812.6, a loss of $224.8 from its […]
Dubai World Trade Centre to serve as regulator for virtual assets and crypto currency By: Web Desk on December 20, 2021According to the official WAM news agency, the Dubai World Trade Centre (DWTC) would become a comprehensive zone and regulator for virtual assets and crypto, comprising digital assets, products, operators, and exchanges. The Dubai World Trade Centre will provide a full environment for this forward-thinking industry in the city. The Dubai World Trade Centre will […]
Bitcoin increases 2.1% points to recover $50,000 By: Web Desk on December 13, 2021On Sunday, Bitcoin climbed to recapture levels above $50,000. At 18.03 GMT on Sunday, the world’s largest and most well-known cryptocurrency rose 2.11 percent to $50,445.34, up $1,044.80 from its previous close. Bitcoin is up 81.9 percent from its low of $27,734 on January 4 this year. On Sunday, Ether, the cryptocurrency tied to the […]
Price of Bitcoin increased by 5.5% to $53,436 By: Web Desk on December 4, 2021At 22:04 GMT on Friday, Bitcoin had dropped 5.5 percent to $53,435.9, a loss of $3,112.06 from its previous close. Bitcoin, the world’s most popular cryptocurrency, is down 22.6 percent from its year-high of $69,000 on November 10. On Friday, Ether, the digital currency tied to the Ethereum blockchain network, fell 6.81 percent to $4,208.68, […]
100-Index sheds 1,936 points, PSX bleeds By: Web Desk on December 2, 2021KARACHI: The Pakistan Stock Exchange (PSX) saw a bearish trend on Thursday, with the benchmark index losing 1,936 points during the trade. According to statistics, the KSE 100-index is currently trading at 43,433 points after dropping almost 1,900 points in early trading. In early activity in the interbank currency market, the Pakistani rupee, on the […]
The KSE-100 continues downward trend By: Staff Report on October 12, 2021On Tuesday, October 12, the KSE-100 index dropped by over 500 points, and it was trading at 43,150 points by midday. The dollar has also gained value, and it is currently trading at Rs.171 per dollar in the inter-bank market on Tuesday. Talks with International Monetary Fund (IMF) were underway, and it was predicted that […]
KSE-100 extends losses on 5th day in a row By: News Desk on September 23, 2021Thursday marked the fifth consecutive trading session where the KSE-100 index finished in the red at Pakistan Stock Exchange (PSX). The benchmark KSE-100 index traded in the range of 856 points, with intraday gains of 342 points, and intraday losses of 514 points. A minor recovery took place nearing the end of the trading session, […]
KSE-100 loses 284 points By: By Our Correspondent on September 17, 2021The KSE-100 fell about 300 points at the PSX on Friday after a second-session decline, completing the week in negative territory because of a worsening current account deficit, which totaled nearly $1.5 billion in August 2021. The benchmark KSE-100 traded lower after climbing to 47,000 in the first session, losing all of its gains to […]
KSE-100 extends losses By: News Desk on September 8, 2021As Morgan Stanley Capital International (MSCI) reclassified Pakistan from its position as an Emerging Market (EM) to the Frontier Markets (FM) Index on Wednesday, the KSE-100 Index lost further 333 points in value. After falling 333.25 points or 0.71 percent to 46,396.71, the KSE-100 closed near its end-of-day price. The market has been pressured by […]
MSCI reclassifies Pakistan to frontier markets By: Web Desk on September 8, 2021Pakistan has been reclassified to a frontier market by index provider MSCI Inc., four years after it was upgraded to an emerging market. According to a statement from MSCI, “Although the Pakistani equity market meets the requirements for Market Accessibility under the classification framework for Emerging Markets, it no longer meets the standards for Size […]