KARACHI: Pakistan Stock Exchange (PSX) enjoyed significant gains on Tuesday as the KSE-100 index surged over 650 points in a rally driven primarily by upbeat remittances data, which showed a 40% year-on-year (YoY) rise at $2.9 billion in August 2024. Owing to losses in the prior session, the trading day had a lacklustre start, when … Read more
KARACHI: Pakistan Stock Exchange (PSX) displayed range-bound movement and closed flat on Thursday as weak economic numbers and delay in approval of an International Monetary Fund (IMF) loan programme weighed on investor interest. The market exhibited considerable volatility, oscillating between the intra-day high of 79,154.30 and low of 78,578.02 points. Institutional investors resorted to profit-booking … Read more
KARACHI: Pakistan Stock Exchange (PSX) recorded a slim increase of 73 points on Tuesday, reversing the previous day’s downtrend, in the backdrop of an encouraging Consumer Price Index (CPI) inflation reading of 9.6% for August. In the morning, the KSE-100 index got off to a positive start and reached its intra-day high of 78,644.96 points … Read more
KARACHI: Pakistan Stock Exchange (PSX) dropped over 200 points owing to profit-taking in selected shares on Monday amid economic uncertainty and worries over the outcome of regulatory oversight of stock trading. In the morning, the KSE-100 index opened on a positive note, reaching its intra-day high of 79,014.68 points. However, the early gains proved short-lived … Read more
KARACHI: As the earnings season neared its end, the Pakistan Stock Exchange (PSX) witnessed a downturn of 230 points as security concerns sparked some selling pressure. The trading day began on a strong note, with the KSE-100 index reaching its intra-day high of 79,160.39 points. However, the momentum died down soon, leading to gradual fluctuations … Read more
KARACHI: As the earnings season nears its end, the Pakistan Stock Exchange (PSX) faced a marginal decline on Tuesday amid reports that the International Monetary Fund (IMF) board meeting agenda did not feature approval of a $7 billion loan for Pakistan and uncertainty over securing $3-5 billion in external financing. The trading day started on … Read more
KARACHI: Pakistan Stock Exchange (PSX) lost some ground on Friday over growing political uncertainty following the arrest of three retired army officers in connection with the court martial of ex-ISI chief General (Retd) Faiz Hameed. Many investors refrained from building positions also because of uncertainty regarding the fate of independent power producers (IPPs) and possible … Read more
HOUSTON: Oil prices edged lower on Wednesday after US crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in one of the world’s major regions for crude production eased slightly. Brent crude futures slipped 41 cents, or 0.5%, to $80.28 a barrel by 1436 GMT. US West Texas … Read more
Asian markets mostly rose Monday as investors tried to move on from last week’s upheaval fuelled by US recession worries, with the focus shifting to the release of key inflation and retail data. After a painful collapse fuelled by a big miss on US jobs creation, equities managed to bounce back over the following days … Read more
LONDON/NEW YORK: A global equities gauge was up more than 1% on Thursday after lower-than-expected US unemployment claims calmed recession fears and Treasury yields rose alongside the dollar. Oil prices were eyeing a third straight day of gains, with growing supply risks in the Middle East offsetting demand concerns that had pushed prices to their … Read more