Oil prices fall on prospects of increasing supplies
Brent crude futures, the international benchmark for oil prices, were at $75.65 per barrel at 0329 GMT, down 23 cents, or 0.3 percent, from their last close
Oil edges lower, set for big weekly decline
Brent crude eased 36 cents, or 0.5 percent, to $74.09 by 0326 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of $72.67. It is heading for a weekly fall of nearly 4 percent
Zuckerberg fortune takes a $16 billion plunge in record Facebook fall
Shares fell as much as 19.6 percent to $174.78, a decline that if sustained would wipe about $124 billion off the company’s value - or nearly four times the entire market capitalization of Twitter Inc
Hyundai unveils first Genesis SUV in renewed overseas premium push
SEOUL: South Korea’s Hyundai Motor Co has unveiled the first sport-utility vehicle (SUV) under its Genesis brand, a move analysts said was...
China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources
China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data
Bulls return to bourse, lift KSE-100 by 537 points
KARACHI: Stocks staged a handsome recovery after a volatile session on Friday, as the indices oscillated in both directions before closing with...
HabibMetro’s income falls 5pc in first quarter
KARACHI: The Board of Directors of Habib Metropolitan Bank Ltd (HMB) met on Friday to review the bank’s performance and announce its...
Budget deficit reaches Rs1.68tr in nine months
–Expenditures clock in at Rs6.3tr against revenues of Rs4.6tr
–Govt spent Rs1.8tr on debt servicing, Rs802bn on defence, Rs31.8bn on education and Rs5.1bn...
Saudi Aramco team in Pakistan for talks on LNG deals
ISLAMABAD: A delegation from the world’s largest crude oil producer, Saudi Aramco, is in Pakistan for discussions on what would be its first-ever...
SECP expunges AML/CFT reporting requirements
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) said on Friday that it has rescinded the Anti-Money Laundering and Countering Financing of...
Stocks jump 457 points as volume hits year’s peak
KARACHI: The Pakistan Stock Exchange (PSX) extended its rally on Wednesday as indices continued to move north while volumes inflated to the...
Bulls dominate PSX as benchmark index gains 596 points
KARACHI:Â Stocks surged at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark index gaining over 650 points intraday amid improved market...
Cabinet approves Aamir Khan’s appointment as SECP chairman
The government has appointed Aamir Khan as the new chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect,...
SECP, PSX in grip of powerful brokers?
The Securities and Exchange Commission of Pakistan (SECP), along with the top management of Pakistan Stock Exchange (PSX) seem adamant on keeping...
Kapco shows intent to acquire 17.36pc shares of Hubco
Karachi: In a notification sent to the bourse, Kot Addu Power Company (KAPCO) has shown its intent to acquire 14.9pc (172,582,000) ordinary...