PSX sustains bullish momentum, gains 292 pointsThe KSE-100 Index closed Wednesday at 36,796 levels, gaining 292 points or 0.8 percent. The local bourse traded and remained positive making a high of +440 points. The positivity came as Banks rallied...
Microsoft value hits $1 trillion as it predicts more cloud growthMicrosoft Corp. on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business. The Redmond, Washington-based company...
K-Electric launches mobile app and Web portal for customersAdding yet another avenue for customer service K-Electric has launched the KE Live app for its consumers. The app, which allows access to a variety of services, is available on the App store for iPhon...
Bank of Japan cuts inflation, economic growth forecastsJapan will fail to reach its two-percent inflation target even by 2022, the central bank predicted on Thursday as it also revised down its estimate for growth in the world’s third-largest economy. In...
SBP reserves dip 2.4% to stand at $9bnThe foreign exchange reserves held by the central bank declined 2.4% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. Earlier, the reserves had spiralled...
Silkbank declares first quarter operating profit of Rs 456 millionThe Board of Directors of Silkbank Limited in their meeting held on April 25, 2019 declared an Operating Profit of Rs 456 million for the first quarter ended March31, 2019. Gross interest income recor...
Oil dips on soaring US supply, but Iran sanctions still support crudeOil prices dipped on Thursday as record US output and rising crude stockpiles dampened the impact on markets of tighter US sanctions on Iran and producer club OPEC’s continued curbs on supply. Brent c...
MCB reviews performance, approves interim financial statementsThe Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on April 24, 2019 to review the performance of the Bank and approve the condensed interim financial state...
Banking sector leads gains as PSX closes higherPakistan equities closed Wednesday on a positive note with benchmark KSE-100 Index gaining 100 points, closing at 36,504 levels, up 0.3 percent. Market traded positive as banks rallied due to better t...
Top US officials heading to Beijing for trade talks: White HouseTwo top American officials will head to Beijing next week to continue talks on the bruising trade war between the US and China, the White House said on Tuesday. "United States Trade Representative Rob...
German businesses losing morale as economy’s momentum fadesGerman business morale deteriorated in April, a survey showed on Wednesday, bucking expectations for a small rise and suggesting Europe's largest economy is losing steam as trade tensions hamper its e...