Dollar builds on gains ahead of Fed, equities struggleThe dollar extended gains against its peers in Asian trade Wednesday as investors await a key Federal Reserve decision later in the day, but most equity markets dipped. As the euphoria over the histor...
Pakistan equities end bullish as oil sector attracts investors interestKarachi: Pakistan equities closed positive settling benchmark KSE100 index up at 43,508 by gaining 279 points on the back of investors' interest in oil sector. after losing 700 points in the last sess...
US shale firms miss out on $70 oil after hedging at $55Many top US shale oil producers are missing out on the rally in oil prices to more than $70 a barrel - because they sold their oil through futures contracts at about $55 last year when that looked lik...
SECP notifies Employee’s Contributory Funds Regulations, 2018ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced Employee's Contributory Funds (Investment in Listed Securities) Regulations, 2018. The new regulations are aimed at...
Oil prices drop on rising supplies from top three producersOil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer cartel OPEC could relax voluntary output cuts. Brent crude futures, the international benchmark...
Range-bound trading keeps lint prices firm, better grades remains in focusKARACHI: The cotton price stayed firm during the trading session at Punjab and Sindh stations. Around 3,000 bales changed hands. The Karachi Cotton Association (KCA) spot rate remained intact at Rs 7,...
Dollar closes even in value versus domestic unitKARACHI: The greenback closed flat against the rupee in the interbank and increased in open market on improved demand by importers and corporate sector. The greenback closed at Rs 119.85 for buying an...
Yellow metal price maintains firmness on Futures, hedgingKARACHI: The yellow metal price in global and domestic market withered any possible descending phase on improved Gold Future speculations on general prices however less volume were traded. Meanwhile b...