Asian markets cautious amid US-China tensionsThe sell-off in Asian markets slowed on Tuesday, with markets seeing little movement as ongoing US-China tensions simmer. A testy public interaction between Chinese Foreign Minister Wang Yi and US Sec...
PSX Index recoups losses on IMF programme excitementKARACHI: The KSE-100 index pulled through investors' nerve where the local bourse took a retraction from its continuous losses by gaining 606 points or 1.6 percent to finally settle at 38,505 levels....
Pakistan cement despatches increases by 19% in SeptemberKARACHI: Domestic cement consumption bounced back in September after two months of lackluster growth registering a double digit increase compared with domestic consumption in the same month of last ye...
PSX places PIA in defaulters’ segmentThe Pakistan Stock Exchange (PSX) on Tuesday has placed Pakistan International Airlines Corporation Limited (PIA) in the defaulters' segment for not holding its Annual General Meeting and submitting i...
Oil prices rise on signs Iran’s crude exports fall furtherOil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of US sanctions and as a hurricane mov...
Egypt’s first smartphone maker plans expansion in AfricaEgypt’s first smartphone maker is looking to enter the broader African market by the end of 2018 or early 2019 as it seeks to boost exports, its sales director said. Silicon Industries Corporation (SI...
Scarcity of better grade of lint keeps buying selective amid firm physical pricesBuyers made deals for all grades of lint in anticipating increase in general prices and on fast depleting of better grades of lint during trading on lint market. Buyers acquired better grades of lint...
Gold price closes depressed on Futures, lackluster hedgingThe yellow metal price in global and domestic markets remained under pressure on back of technical correction besides business activity remained insignificant on gold Futures manipulation by major sta...
FPCCI dismayed over huge depreciation of rupeeThe president Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Ghazanfar Bilour, has expressed his serious concern on the surge of US dollar price against local currency on Tuesday. G...