Pakistan equities close pre- Eid session bullish as oil prices soarPakistan equities closed the week on a positive not to settle benchmark KSE100 index up at 43,681 levels, making an intraday high of 224 point and a low of 48 points. Market opened positive and traded...
Asian markets lower after hawkish Fed, fresh trade war fearsAsian markets mostly fell Thursday after the Federal Reserve hiked interest rates and signalled a more hawkish tone for future moves, while US President Donald Trump stoked trade war fears by suggesti...
SBP designates 3 Domestic Systemically Important BanksKarachi: State Bank of Pakistan has announced the designation of D-SIBs under the Domestic Systemically Important Banks (D-SIBs) framework that was introduced in April 2018. The D-SIBs framework as in...
US energy firms chasing oil price rally stumble on old baggageWith oil price recovery taking hold, several US oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their s...
Oil eases on China refining dip, higher US crude outputOil prices eased on Thursday, dragged down by rising output and a decline in China's refining activity, although strong fuel consumption in the United States and a drop in its crude inventories provid...
Cotton trading remains moderate on steady physical pricesKARACHI: Cotton trading remained moderate with thin volumes and buyers made deals on slightly higher price amid firm physical prices. Forward deals for a month period also changed hands that pushed ph...
Yellow metal price keeps upward rally on Futures, speculationKARACHI: The demand of yellow metal in international and domestic markets sustained upward correction while leading buyers consolidated their long positions by making forward deals on Gold Futures out...
Dollar closes firm in value versus domestic unitKARACHI: The US currency edged higher in value versus rupee in interbank and open market, treasurers said. The greenback remained firm at Rs 119.90 for buying and closed at Rs 120.10 for selling in in...