Global stock markets rose and oil prices edged lower after a high-level meeting between US President Donald Trump and Chinese President Xi Jinping, as investors reacted cautiously to hopes of easing trade tensions between the world’s two largest economies. Markets responded positively on the first day of the summit, with optimism that renewed dialogue between […]
Stocks
Asian stocks rise as investors weigh US intervention in Venezuela
Asian stocks climbed on Monday, while oil prices showed volatility, as investors assessed the implications of the United States’ military intervention in Venezuela and prepared for a packed week of economic data. Read More: Pakistan Stock Exchange outperforms 15 countries MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, while S&P 500 e-mini futures edged up […]
Pakistan Stock Exchange rebounds with 822-point gain
KARACHI – The Pakistan Stock Exchange (PSX) rebounded on Thursday, recovering from a sharp decline in previous sessions as investor confidence returned to the market. During intraday trading, the KSE-100 index surged by 822.57 points, reaching 159,287.62 points, marking a 0.52% increase compared to the previous close of 158,465.05 points. The rebound reflected renewed buying […]
Stocks gain 2,849 points to close at record high
The equity market pushed to fresh record highs on Thursday, lifted by mutual fund liquidity and upbeat economic sentiment following improved US ties, with analysts pointing to equities’ growing appeal as an asset class amid limited alternatives. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index settled at 168,489.62 points, up 2,849.29 points, or 1.72%, from […]
Nintendo annual net profit solid but outlook cautious
Nintendo on Tuesday reported a solid net profit for the financial year to March on the strong performance of its blockbuster Switch console, but issued a cautious forecast. Uncertainties linked to the global chip shortage and potential production and transport delays caused by Covid-19 lockdowns could hit future profits, the Japanese gaming giant warned. The […]
The KSE-100 continues downward trend
On Tuesday, October 12, the KSE-100 index dropped by over 500 points, and it was trading at 43,150 points by midday. The dollar has also gained value, and it is currently trading at Rs.171 per dollar in the inter-bank market on Tuesday. Talks with International Monetary Fund (IMF) were underway, and it was predicted that […]
Which cryptocurrency to buy in 2021?
The crypto market remains volatile on September 13, with both positive and negative price movements. The whole market capitalization of cryptocurrencies has risen to $2.08 trillion, up 1.40 percent over the last day, while the total cryptocurrency market volume is $108.76 billion, which has fallen 1.84 percent. The total 24-hour volume in the stable coin […]
The KSE-100 ends below 47,000 points yet again
The benchmark KSE-100 Index closed flat on Friday, failing to maintain early-morning advances, as volumes dropped significantly in another tumultuous day at the Pakistan Stock Exchange (PSX). The KSE-100 closed the day with a small gain of 54.41 points, or 0.12 percent, to settle at 46,957.47. Investors stayed away due to geopolitical uncertainty, a […]
European stocks open mixed tracking global data
European stock markets opened mixed Monday as Chinese data added to surging inflation concerns. London’s benchmark FTSE 100 index dipped 0.2 percent to 7,110.00 points. In the eurozone, Frankfurt’s DAX 30 grew 0.1 percent to 15,783.85 points and the Paris CAC 40 gained 0.2 percent to 6,827.89. Chinese factory inflation rose more than expected in […]
US stocks rebound, lifting S&P 500 to fresh record
The S&P 500 finished at a fresh record Tuesday as US stocks shook off early weakness and closed higher behind strength in industrials and energy shares. Analysts cited bargain-hunting as a factor in Tuesday’s bounce back following Monday’s lackluster session, which was dented by worries over global growth and the Delta variant of Covid-19. Art […]