Stocks plummet by 326 points amid political uncertaintyKARACHI: Pakistan equities on Thursday succumbed to pressure throughout the day owing to uncertainty on the political front and roll-over week pressure. Investors opted for selling on news that Financ...
Better grades of lint remain in focus amid firm pricesKARACHI: Better grades of cotton fetched premium prices above spot rate; while buyers also made deals for second grade of lint during trading in Punjab and Sindh. Buyers piled up their inventories, ma...
SECP chairman visits PSX, assures cooperation to boost economyKARACHI: Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Abdullah, along with a team of senior officials, visited the Pakistan Stock Exchange (PSX) on Thursday to meet members of...
MCB-AH acquires CFA Institute’s GIPS complianceKARACHI: MCB-Arif Habib Savings and Investment Limited (MCB-AH) announced it had joined the ranks of select group of companies in Pakistan to claim the Global Investment Performance Standards (GIPS) c...
CDC CEO Aftab Ahmed Diwan elected ACG vice chairmanKARACHI: Central Depository Company CEO Aftab Ahmed Diwan has been selected Asia Pacific Central Securities Depository Group (ACG) Vice Chairman. It was decided in the 14th World Forum of CSDs (WFC 20...
Speakers call for harmonisation of food legislation to ensure food qualityISLAMABAD: Defence Production Minister Rana Tanveer Hussain on Wednesday said, "Pakistan's food industry is the 2nd largest and plays a key role in the country's economic growth," at a conference titl...
Dollar remains flat versus domestic unitKARACHI: Dollar remained flat in value versus domestic unit in interbank while edged higher in open market transaction. After appreciating by 02 paisas during intraday trading, dollar closed at Rs 105...
Yellow metal prices retain value on hedging KARACHI: Yellow metal prices in international and domestic markets retained value on gold futures and interest of hedgers; while ready market buying prices remained attractive for investors to...
Pakistan Stock Exchange to have Shariah-compliant trading counterISLAMABAD: Pakistan Stock Exchange (PSX) would have an exclusive trading counter for the Shariah-compliant listed securities where settlement would be done on the trading day instead of T+3 system for...