Bitcoin dominance down 5pc weekly as BTC dropped to new 18-month low on June 20, 2022The bears continue to have complete over the market as they pushed bitcoin to year another 18-month low of $17,500. The altcoins are in a state of despair as well, with ETH standing below $1,000 and BNB beneath $200. Last weekend started a massive price correction for bitcoin, which had dropped from $29,000 to $23,000 […]
Saudi Arabia signs $133m deal with DP World to create region’s largest logistics hub on June 20, 2022Saudi Ports Authority, also known as MAWANI, has signed a-SR500 million ($133 million) deal with DP World to create a new fully-integrated smart logistics park in Jeddah Islamic Port. This is MAWANI’s fifth agreement as the authority plans to make Jeddah a global logistic hub in line with Saudi vision 2030 goals to make the […]
Gold price increased by Rs300 in Pakistan on June 19, 2022The price of 24 karat per 10-gram gold witnessed an increase of Rs300 and was sold at Rs145,800 on Saturday against its sale at Rs145,500 the previous day in the local market. The price of 10-gram 24 karat gold also increased by Rs258 and was sold at Rs125,000 against its sale at Rs124,742 whereas the […]
Oil slumps 6pc to 4-week low on recession worries, strong dollar on June 19, 2022OIL prices tumbled about 6pc to a 4-week low on Friday (Jun 17) on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy. Also pressuring prices, the US dollar this week rose to its highest level since December 2002 against a basket of currencies, making […]
Bitcoin’s Price Falls Below $20,000 on June 19, 2022The price of a bitcoin has fallen below $20,000 (£16,400) amid deepening turmoil in the cryptocurrency market. The cornerstone digital asset slipped to levels not seen since December 2020 on Saturday morning, at one point going under $19,000 before recovering to about $19,160, according to CoinDesk. Bitcoin and other cryptocurrencies have been hit by several […]
Gold price increases by Rs1,500 to Rs145,500 per tola on June 18, 2022The price of 24 karat per tola gold on Friday witnessed an increase of Rs1,500 in the local market to Rs145,500 from Rs144,000 the previous day. The price of 10-gram 24 karat gold also increased by Rs857 from Rs123,457 last day to Rs124,314 and that of 10-gram 22 karat from Rs113,168 to Rs124,742, the All-Sindh […]
Rupee sheds Rs1.07 against dollar on June 18, 2022Exchange rate of Pak Rupee weakened by Rs1.07 against the US Dollar in the interbank trading on Friday and closed at Rs208.74 against the previous day’s closing of Rs207.67. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs209 and Rs211 respectively. […]
Cryptocurrencies continue to languish after a brief breather: Bitcoin trades close to $21k on June 18, 2022Cryptocurrencies after a brief relief post the Fed rate hike on expected lines are again under pressure. Though at the time of writing this copy, the largest token has pared its early losses and last at around 3:00 pm (IST) was trading lower by a tad of 0.66pc at $21,040. Also, other cryptos by and […]
Gold price increases by Rs1,000 to Rs144,000 per tola on June 17, 2022The price of 24 karat per tola gold on Thursday witnessed an increase of Rs1,000 in the local market to Rs144,000 from Rs143,000 the previous day. The price of 10-gram 24 karat gold also increased by Rs857 from Rs122,600 last day to Rs123,457 and that of 10-gram 22 karat from Rs112,383 to Rs113,168, the All-Sindh […]
Rupee sheds Rs1.22 against dollar on June 17, 2022Exchange rate of Pak Rupee weakened by Rs 1.22 against the US Dollar in the interbank trading on Thursday and closed at Rs 207.67 against the previous day’s closing of Rs 206.45. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs […]