PSX closes week negative amid range-bound tradingKARACHI: Pakistan equities closed negative Friday after another range-bound session as the index made an intraday low and high of -125 points & +191 points, respectively. Market traded sideways in...
NEPRA grants 4 new power generation licencesKARACHI: The National Electric Power Regulatory Authority (NEPRA) has granted generation licenses to four companies including Tricom Wind Power (Private) Limited (TWPPL), Siddiqsons Energy Limited (SE...
Asian shares down on trade anxiety; lira, rouble hit by economic worriesAsian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped new sanctions, a...
SECP seeks comments on Draft General Takaful Accounting Regulations, 2018The Securities and Exchange Commission of Pakistan (SECP) has notified the draft General Takaful Accounting Regulations, 2018, to elicit public comments from the public thereon through S.R.O. 992(I)/2...
SECP for increasing claim amount for road accident victimsThe Securities and Exchange Commission of Pakistan aims to make necessary amendments to the Motor Vehicles Act, 1939, for smooth implementation of the motor third party liability insurance scheme. As...
Oil edges up on Iran sanctions, but trade disputes dent demand outlookOil prices edged up on on Friday on worries that renewed US sanctions against Iran will tighten supplies, although the escalating trade dispute between Washington and Beijing restricted gains. Front-m...
Dollar closes flat in value versus domestic unitThe US dollar closed even in value versus domestic unit in interbank market on insignificant demand by importers. The greenback closed at Rs 124 for buying and Rs 124.20 for selling. The rupee remaine...
Yellow metal price inches higher on hedging, speculationInterest of potential buyers and hedgers provided strength to gold price besides hedging and composite gold Futures and speculation on output in international and domestic market kept yellow metal pri...
Lint prices remained firm on demand, shrinking of better gradesFine lint remained in focus amid firm spot rate and strong physical price during trading at cotton market, fibre traders said. Traders said volumes stood thin as buyers were purchasing lint on assortm...