Asian markets mixed but Shanghai rebounds on officials’ supportAsian markets were mixed Friday, with Shanghai bouncing back from early losses to end the week with a rally following a rare joint intervention by some of China's top financial officials. Comments fro...
PSX Index closes week on positive note, gains 448 pointsKARACHI: Pakistan Stock Exchange (PSX) ended the week on a positive note on Friday with the benchmark KSE-100 index gaining +448 points, noticing an increase of 1.2 percent. The KSE-100 Index rallied...
SBP directs banks to conduct biometric verification of customers by November 30KARACHI: In a bid to eliminate fake accounts and end illegal transactions, the State Bank of Pakistan (SBP) on Friday has directed all Pakistani banks and Development Financial Institutions (DFIs) to...
K-Electric’s $450m transmission enhancement project in full swingDevelopment work is currently underway in areas of North Karachi and Surjani Town where two 220 kV towers have been erected for expansion of transmission network in the area. The two pylons will conne...
Oil prices edge up, but set for weekly loss on inventory build, US-China trade rowOil prices nudged higher on Friday on signs of surging demand in China, the world’s second-biggest oil user, though prices are set to fall for a second week amid concerns of the ongoing Sino-US trade...
Buyers consolidate long positions amid firm physical priceBuyers bought fine and second grade of cotton on slightly higher price at cotton market besides they went for a month long period forward deals also, traders said. Around 3,900 bales changed hands dur...
Greenback remains flat in value versus domestic unitThe greenback closed flat in value versus rupee on insignificant demand from corporate sector in interbank and edged lower in kerb market, treasurers and currency dealers said. The commercial banks ke...
Yellow metal price regains firmness on Gold Futures, hedgingPrices of gold increased in the domestic and international bullion market following improved demand from hedgers and Gold Futures speculation on day's physical price parity. The yellow metal was trade...