Asian markets start week on cautious noteAsian markets were largely flat on Monday following lacklustre US trading at the end of last week and as nervousness over Chinese growth put pressure on global equities. After early gains, Hong Kong h...
PSX Index trades under pressure ahead of MSCI review announcementBenchmark KSE-100 Index traded under pressure Monday due to lack of triggers as Ministry of Finance discusses bailout package with IMF Officials in Islamabad. The market closed on a negative note, as...
Pakistan’s trade balance improving as exports continue to growPakistan's trade account is showing early signs of improvement under the spirit of the new economic policy as country's trade deficit in first four months of current fiscal fell to $ -11.8 billion fro...
Yellow metal price fails to improve value on hedging, speculationThe gold price in global and domestic markets closed on weakening note on Gold Futures correction and dull demand from metal speculators and hedgers, metal traders said. Trading activity remained futu...
AkzoNobel starts producing coil coatings in PakistanCustomers in Pakistan now have direct access to AkzoNobel's coil coatings following the start of production in Lahore - making the company the only local manufacturer of coil coatings in the whole cou...
Greenback remains firm versus domestic unitThe US currency appreciated by 30 paisas against the domestic unit due to outflow in the form of importers' payments and a meagre supply of remittances and export proceeds. The dollar, which was tradi...
Oil prices rise by more than 1% after Saudi announcementOil prices rose by more than one percent on Monday after top exporter Saudi Arabia announced a December supply cut, a measure likely aimed at halting a market slump that has seen crude decline by 20 p...
660MW coal power plant to become operational in JanThar-based 660MW lignite coal power plant is set to become operational by January 2019, said Shamsuddin Shaikh, CEO of Sindh Engro Coal Mining Company (SECMC). With 94% and 92% work completed already,...
Buyers pay premium price for better grades of lint amid firm physical priceBuyers made deals for better grades of lint on premium price amid steady physical prices during trading session at lint market. The Karachi Cotton Association (KCA) spot rate stayed stable at Rs 8,900...