Asian markets mixed as trade row rumbles, political crisis brewsAsian markets were mixed Tuesday following the latest tit-for-tat tariffs in the China-US trade row, while investors are now looking ahead to the Federal Reserve's next policy meeting. While the levie...
PSX Index ends in green amid listless tradingKARACHI: Pakistan equities closed marginally positive Tuesday with benchmark KSE-100 Index settling above 41,000 points level. The KSE Index gained 31.75 points to close at 41,036.30 points. According...
Oil just below four-year high as producers resist output rise to offset Iran sanctionsOil prices on Tuesday were holding just below four-year highs hit in the previous session, as looming US sanctions against Iran and unwillingness by the Organization of the Petroleum Exporting Countri...
Agritec resumes urea production after 1-year closure, Fatima Fertiliser likely to resume production shortlyAgritec after a closure of almost a year has started production of urea. In addition Fatima Fertiser is also likely to resume production shortly. The gas supply to closed fertiliser plants has been re...
Gold steady ahead of US Fed meeting; trade worries persistGold held steady on Tuesday as the dollar stood firm ahead of the two-day US Federal Reserve meeting beginning later in the day, while simmering US-China trade tensions kept investors nervous about ri...
Old stock better grade lint remains in focus during trading amid firm physical pricesBuyers at lint market purchased better and second grades lint of old crop that fetched better price, floor brokers said. Karachi Cotton Association (KCA) kept spot rate at Rs 8,100 per maund in order...
Yellow metal price witnesses correction on Gold Futures, hedgingYellow metal price in domestic and international market remained under technical correction as leading stakeholders and hedgers kept manipulating ready-market physical prices. Hedgers made some deals...
Dollar remains flat in value versus rupeeThe greenback closed flat in value versus rupee on insignificant demand from corporate sector and dull imports payments in interbank market. The commercial banks kept maintaining local currency in fir...