Bitcoin slid to $20.8k, crypto markets lost $120b in 48 hours on August 22, 2022Bitcoin’s recent declines have continued in the last 24 hours, with the commodity falling to a fresh three-week low of less than $21,000. Ethereum is in a similar situation, having lost $100 each day. At the same time, Shiba Inu is one of the few alts that is doing well. It couldn’t, however, stay there […]
Major Gulf markets dip on oil weakness, inflation worries on August 22, 2022Most major Gulf stock markets sank in early trade on Monday as oil prices plummeted, with the Qatari index on track to end a three-session winning streak. Crude prices fell for a second day as disappointing China economic data raised fears about demand in the world’s largest crude importer, while the head of the world’s […]
Gold price up by Rs200 to Rs142,600 per tola on August 21, 2022The price of 24 karat per tola gold witnessed an increase of Rs200 per tola and was sold at Rs142,600 on Saturday against its sale at Rs142,400, the previous day in the local market. The price of 10-gram 24 karat fold also increased by Rs171 and was sold at Rs122,256 against its sale at Rs122,085 […]
Bitcoin’s falls on global inflation forecast on August 21, 2022Bitcoin (BTC) fell dramatically in Friday trade, and was last seen trading below $21,500, down more than 8pc in the previous 24 hours. The biggest cryptocurrency in terms of market value is down 13pc this week. The drop began during overnight trade, coinciding with unusually strong German inflation statistics. In July, annual producer inflation in […]
IMF says talks with Sri Lanka to resume next week on August 21, 2022The IMF said Friday a team will travel to Sri Lanka next week to resume aid talks that were interrupted amid the unrest that led to the resignation of the nation’s president. The island nation defaulted on its $51b foreign debt in April and country’s central bank warned Thursday that the economy could suffer a […]
SBP injects Rs862.350b into market on August 20, 2022State Bank of Pakistan on Friday injected Rs862.350b into money market for 63 days through its Open Market Operation. Rs848.350b were injected as reverse repo purchase on 15.12pc rate of return accepted. Whereas, Rs14b (face value of collateral) were injected as Shariah compliant Mudarabah based OMO with 15.11pc cut-off rate.
Gold price declines by Rs200 to Rs142,400 per tola on August 20, 2022The price of 24 karat per tola gold witnessed a decrease of Rs200 on Friday and was sold at Rs142,400 in the local market against its sale at Rs142,600 the previous day. The price of 10-gram 24 karat gold also decreased by Rs171 and was sold at Rs122,085 against its sale at Rs122,257 whereas prices […]
Qualcomm planning return to server market with new chip on August 20, 2022Qualcomm Inc is considering a return to the server market with a new chip in a bid to decrease its reliance on smartphones, Bloomberg News reported on Thursday, citing people familiar with its plan. Shares of Qualcomm rose nearly 3pc in afternoon trading. The chipmaker is seeking customers for a product stemming from its purchase […]
PSX loses 195 points on August 19, 2022The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 195.06 points, a negative change of 0.45 percent, closing at 43,481.50 points against 43,676.56 points on the last working day. A total of 621,216,462 shares were traded during the day compared to the trade of 607,995,986 shares the previous day, […]
Gold price declines by Rs2800 to Rs142,600 per tola on August 19, 2022The price of 24 karat per tola gold witnessed a decrease of Rs2800 on Thursday and was sold at Rs142,600 in the local market against its sale at Rs145,400 the previous day. The price of 10-gram 24 karat gold also decreased by Rs2397 and was sold at Rs122,257 against its sale at Rs124,657 whereas prices […]