KARACHI – The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Friday, with the benchmark KSE-100 Index climbing by 2,496.07 points during intraday trading. The index registered a gain of 1.59 percent to reach 159,228.94 points, recovering sharply from Thursday’s decline. The recovery comes after the market suffered a major setback a day earlier, […]
Investors
RUDA Industrial Association delegation visits LCCI, calls for urgent resolution of industrial issues
LAHORE, October 30 —A delegation of the RUDA Industrial Association, led by Chairman Muhammad Kamran, visited the Lahore Chamber of Commerce & Industry. The delegation met with LCCI President Faheem Rr Rehman Saigol and shared their concerns. The delegation members said that 20% charges of DC value are being taken for commercialization of industrial land, […]
Bears dominate PSX as investors book profits ahead of weekend
KARACHI – The Pakistan Stock Exchange (PSX) extended its losing streak on Friday as bearish sentiment gripped the market, with investors opting to book profits before the weekend. During intraday trading, the benchmark KSE-100 index plunged by 1,100.4 points, falling to 163,490.37 points — a 0.67% decline. Analysts attributed the sell-off to profit-taking after an […]
PSX extends losses as investors opt for profit-taking
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a decline on Thursday as investors engaged in profit-taking ahead of the weekend, leading to a downward trend in the benchmark KSE-100 index. During intraday trading, the KSE-100 index dropped by 513.85 points, settling at 166,039.42 points, marking a 0.31 percent decline compared to the previous close of […]
SVB collapse could add to China stock investors’ anxiety
China’s CSI300 Index (.CSI300) dropped 4% last week, while Hong Kong’s Hang Seng (.HSI) tumbled 6%, as China’s moderate GDP growth target of around 5% for 2023 – set during the annual session of the rubber-stamp parliament – dashed hopes for a big stimulus. The market mood could be damped further following Friday’s sudden collapse of start-up focused lender SVB (SIVB.O), which […]
Investors urged to strengthen US-Pak economic partnerships amid momentum in ties
WASHINGTON: The momentum in the U.S.- Pakistan relations provides a window of opportunity for investors to strengthen economic partnerships between the two countries, Ambassador Masood Khan has said. Addressing members of the Pakistani-American community in Los Angles, he referred to “positive developments” in the bilateral ties, and said that the two countries’ leadership had decided […]
Sri Lanka looks for foreign investors to stabilize rupee
COLOMBO: Sri Lanka is looking for investors that can bring in more than 2 billion U.S. dollars into the central bank, Finance Minister Ali Sabry said on Friday in an address to the press from Washington via video link. Sabry said that the next few months will be difficult for Sri Lankans. “There is a […]
Chinese investors keen to invest in South Balochistan: Asad
Minister for Planning, Development and Special Initiatives, Asad Umar said on Tuesday that Chinese investors have expressed their willingness to invest in South Balochistan package. Briefing media persons, the minister said that the Chinese investors would invest over $1 billion in this project. He said that the South Balochistan project was 35 times bigger than […]
PM says govt’s friendly policies led to revival of investors’ confidence
ISLAMABAD: Prime Minister Imran Khan on Thursday while highlighting the golden investment opportunities in Pakistan for foreign investors, said that the government’s pro-investor policies had led to the revival of investors’ confidence. The prime minister, in a meeting with a delegation of Coca Cola which called on him here, said the enhanced investment in multiple […]
Bajwa says Gwadar’s port, free zone to generate $10bn annual economic activity
GWADAR: CPEC Authority Chairman Asim Saleem Bajwa on Monday said that the Gwadar Port and the Gwadar Free Zone would generate economic activities of around $10 billion per annum besides creating thousands of new jobs after becoming fully operational. “Soon after completion of the Gwadar Free Zone, a lot of manufacturing and trading activities will […]