Asian stocks pare losses after US-China trade talk newsAsia stocks closed lower Thursday, joining a global sell-off on concerns over Turkey's financial crisis, although losses were capped by news that China and the United States would hold trade talks. Eq...
PSX Index extends loses amid weak financial resultsKARACHI: Pakistan equities continued to slide on Thursday with benchmark KSE-100 Index shedding nearly 700 points during the trading session to set an intra-day low of 41,750. However late recovery in...
MIGA issues US$ 66 million worth of guarantees for Hyundai-Nishat Motors Assembly PlantLAHORE: MIGA, a member of the World Bank Group, has issued guarantees worth US$66 million in support of the design, construction and operation of the Hyundai-Nishat Motor vehicle assembly plantin M3 I...
SECP amends PSX regulations governing offices of brokersISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in the meeting Chaired by the Worthy Chairman SECP has accorded its approval for crucial amendments to the Pakistan Stock Exchange...
Bank Al-Habib declares half-yearly pre-tax profit of Rs. 7.08 billionThe Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results of the Bank for the half year ended 30 June, 2018. As per the results, the Bank declared pre-tax profit of Rs...
Gold pares losses from 19-month low as US dollar softensGold pared heavy early losses that came in the midst of a broad commodity sell-off on Thursday, bouncing off of a 19-month low on short covering and a softer US dollar following news that Beijing will...
Yellow metal price remains under correction on speculation, gold futuresGold price remained under correction on petty demand and adjustment in physical prices in domestic and international market. Physical trading remained insignificant. Metal stood dull in value by $11 a...
Buying in second grade of cotton remains moderate amid depleting fine stocksThe buyers made deals for second grade of lint on slightly higher price amid moderate traded volumes, fibre traders said. Forward deals also changed hands for better grades while firmness of physical...
Greenback edges lower in value versus domestic unitThe greenback lost ground in value against the domestic unit in the interbank and open markets, owing to dull demand from prime importers and oil companies for their payments. The dollar closed at Rs...