Asian markets mostly up but trade war fears keep dealers on edgeAsian equities rose Wednesday on bargain-buying after the previous day's battering, but investors remain anxious as the threat of a China-US trade war hangs over markets. Shanghai and Hong Kong bore t...
PSX sheds 680 points on foreign sellingKARACHI: The KSE-100 Index at Pakistan Stock Exchange (PSX) dipped by 680.00 points on Wednesday to close merely above the psychological level of 43000 points. The index fell by 1.56 percent and level...
Oil prices rise ahead of OPEC meetingOil prices rose on Wednesday, supported by reports of a drop in US commercial crude inventories and the loss of storage capacity in Libya, but under pressure ahead of a meeting of OPEC exporters which...
SECP notifies AML and CFT Regulations, 2018ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) notified Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018. The Regulations are fully compliant with Fi...
US existing home sales fall for second straight monthUS home sales unexpectedly fell in May as an acute shortage of properties on the market pushed house prices to a record high. The National Association of Realtors said on Wednesday that existing home...
Yellow metal price stands dull on hedging, FuturesKARACHI: Yellow metal price in domestic and international market remained depressed as leading stakeholders and hedgers kept manipulating ready-market physical prices. Hedgers made some deals on repor...
Greenback remains firm versus domestic unitKARACHI: The US currency appreciated by 4.25 against the domestic unit due to outflow in the form of importers' payments and a meagre supply of remittances and export proceeds. The dollar, which was t...
Second grade of lint remains in focus amid shrinking stocksKARACHI: The traded volumes of second grade of lint remained moderate while forward deals also changed hands for better grades, fibre traders said. Firmness of physical prices provided weak sellers to...