Asia stocks sink on trade war worriesTrade war fears battered Asian stocks on Tuesday but equities recovered slightly into the close as traders snapped up bargains after heavy selling. Markets across the region followed the US and Europe...
PSX recovers after sharp decline in last four sessionsThe market finally saw some daylight on Tuesday after 4 consecutive sessions of closing in the red zone, with the KSE-100 closing up 268 points at 41, 246 points level. The market kicked off the day o...
As investment stalls, auto industry warns PM May: Avert a Brexit car crashUncertainty over Brexit has halved new investment in the British car industry and Prime Minister Theresa May should urgently change tack and keep the world's fifth largest economy in the EU's customs...
PSX restrains foreign investors from buying sharesThe Pakistan Stock Exchange (PSX) on Tuesday announced that it has put restrictions on purchase of PSX shares by foreign investors. From now, foreign investors, other than foreign anchor investor, hav...
Oil rises as outages balance trade dispute, OPECOil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the Unite...
Greenback edges higher in value versus domestic unitKARACHI: The US currency appreciated by 05 paisas against the domestic unit in interbank due to outflow in the form of importers' payments and a moderate supply of remittances and export proceeds. The...
Buyers pay premium price for better grades during trading at lint marketKARACHI: Buying on lint market remained selective on grade issue and buyers at major stations in Sindh and Punjab stations bought fine grades on paying premium price. They remained eager for better gr...
Yellow metal price witnesses dull trend on Futures, correctionKARACHI: Yellow metal price remained dull in international and domestic bullion market on Futures correction and dull trading as metal speculators anticipating output report besides prolonged overall...