The world is set to embrace a new president at the White House in Washington, DC as the polling results of the U.S presidential election makes headlines across the world. The race to white house has been marred by scandals, vicious political attacks on the competing opponents and accusations of fraud. But, as the democratic […]
Will Covid-19 resurgence haunt PSX again?
Detesting investors are grappling over another domino effect of resurging Covid-19 in Pakistan, as market sentiments continued to dwindle at Pakistan Stock Exchange (PSX). The panic selling witnessed over the past four trading sessions at PSX benchmark Kse-100, resulted in nearly 3,900 points lost, which has raised fears of another stock market crash witnessed in […]
KSE-100 index slips 330 points amid speculation
Stocks took a dip on Monday as investors speculated ahead of monetary policy which was due to be released later in the day. Pakistan stocks exchange benchmark Kse-100 index lost 330.63 points on the day to close at 42,174.13. The market sentiments were primarily driven by speculation over monetary policy by State Bank of Pakistan […]
PSX Diary: Should investors fear a Minsky Moment?
Strong fundamentals, investors’ exuberance and politico- economic triggers drove Pakistan stock market to witness record volumes in nearly 15 years and cross 42,000 mark in September. However, as the benchmark index Kse-100 is headed towards achieving new milestones, the threat of a Minsky moment looms large. Pakistan’s stock market witnessed a rocky ground ever since […]
Wall Street rally: A dot-com bubble repeat?
Gazing into the cloudy crystal ball of recent stock market boom at Wall Street, one can never fell short of thinking of another dot-com bubble, when five years of euphoria in tech stocks in 1990s burst into a nearly 78% drop in stock prices over two years following the bubble burst. Ever since the Covid-19 […]
US-China trade deal; Devil in detail
US and china has signed phase-1 trade deal in Washington, at a ceremony at the white house, marking a truce in the trade war that rattled the global economy for nearly two years. Celebrating the trade deal, US president Donald Trump said the pact would be “transformative” for the US economy while Chinese leader called […]
Middle East fault lines triggered
The lose cannon in the Middle East has been fired, but the concomitant consequences are beyond imagination. The fault lines in the Middle East never settled after World War 2, but the U.S airstrikes at Baghdad’s international airport that killed General Qassem Soleimani- the head of Iran’s elite Islamic Revolutionary Guard Corps’ (IRGC’s) Quds Force; […]
Mr Jinnah’s case for Pakistan
The world will keep reassessing Mr Jinnah’s contribution and his stature as well as his ability and vision as a political leader and statesman. He brought together, under one flag and on one platform disorganized and scattered Muslims, and made them realize that they were a nation. Mr Jinnah carved out a state where none […]
Law too gentle is seldom obeyed
Law is the wisdom of the ages wrapped in the opinion of the moment, and every nation state has its own law. However, in the name of that wrapped wisdom, citizens often tend to take the law in their own hands, either claiming to be above the law, or inadvertently jump on the bandwagon to […]
Godse’s India: Coup de grace
Beyond optics, Indian secularism devolved into political pandering over the years as the country edges towards becoming the poster child of fundamentalism under the label of hindutva-extremism. The Indian history is being shaped by the likes of Indian Prime Minister Narendra Modi and his supporters who have resorted to coarsest rhetoric the international community has […]