Financials, cements lead decline as Index sheds 308 pointsBenchmark KSE100 traded under pressure Monday as profit taking was witnessed amid lack of triggers and low volumes. The KSE-100 Index closed negative shedding 308 points to finally settle at 41,353 le...
‘North-South Gas Pipeline Project – imperative for overcoming gas shortage’Minister of State for Climate Change Zartaj Gul on Monday said that North-South Gas Pipeline Project is imperative for overcoming gas shortage adding that it would play an important role in socio deve...
Asian markets mostly up as investors weigh China-US trade rowAsian markets mostly rose Monday but investors were keeping a close eye on the China-US trade row after Donald Trump's optimistic comments on a possible deal were offset by a war of words between his...
HBL holds seminars on ‘Global Markets Outlook 2018’ to promote financial awarenessHBL aims to provide an exceptional level of service to all its clients, and to provide thought leadership in the area of financial and economic sector growth and development. With these objectives in...
Greenback closes flat in value versus domestic unitThe US currency remained flat against the domestic unit in interbank due to dull outflow in the form of importers' payments and a moderate supply of remittances and export proceeds. The dollar, which...
Oil prices climb amid expected OPEC cut, but markets remain waryOil prices rose around 1 percent on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end. Despite that, market sentiment remains weak on signs...
Lint trading remains selective on grade issue amid steady physical pricesTrading activity at cotton market remained selective on grade issue and around 3,600 bales changed hands. The Karachi Cotton Association (KCA) spot rate stood unchanged at Rs 8,800 per maund. Fibre tr...
Gold price remains under upward trend on futures, output prospectGold-Futures speculations and noticeable buying kept yellow metal price under upward correction on last two successive trading sessions, metal traders said. However buyers in international and domesti...