Stock market gains 574 points as KSA injects $1bn

KARACHI: After trading in red for three consecutive sessions, the Pakistan Stock Exchange (PSX) rallied up and ended the last session of the week in...

Asian LNG prices snap three-week losing streak as winter kicks in

Spot prices for January delivery edged up about 10 cents to around $8.90 per million British thermal units (mmBtu)

Gold set for biggest weekly fall in 5; firm dollar weighs

Spot gold was 0.4 percent lower at $1,237.65 per ounce as of 0747 GMT

Matco to setup joint venture company with Barentz International

The JV is being set up for the import, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector

Dollar gains as focus shifts to Fed, euro and sterling under pressure

The dollar has been the biggest winner of 2018, having gained 5.3 percent over its peers so far this year

Asian shares fall on poor Chinese economic data

Japan’s Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to 2,070.70

Engro Corp divests 29% stake in ETPL to Vopak for $31.378 million

In end-November it was reported Vopak would purchase a total 44% stake in Elengy Terminal Pakistan Ltd, which operates the country's first liquefied natural gas (LNG) import facility

Oil prices fall as investors take profits amid China economy worries

Brent crude oil futures were at $61.09 per barrel at 0353 GMT, down 36 cents, or 0.6 percent, from their last close

China’s consumers, factory output take a beating as economic gloom deepens

Retail sales rose 8.1 percent in November from a year earlier, data from the National Bureau of Statistics showed on Friday, below expectations for an 8.8 percent rise and the slowest since May 2003

PSX heads south on low turnover

Index loses 295 points; trading volumes decline by 42pcKARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another rough session on Thursday, as the...

Noor Financial to divest 5.96% stake in Meezan Bank

In August, according to a notice filed on the exchange, Meezan Bank Limited announced that Noor Financial Investment divested 0.85% of its shareholding

Rupee to weaken to Rs148 against greenback by end of FY19: Fitch Solutions

It expects the trade deficit to narrow over the coming months irrespective of oil price dynamics taking the country’s dollar shortage and recent rupee weakness into context

Stock market may hold up to eight IPOs in 2019

Arif Habib Group CEO expects the market to post a healthy run next year on back of improving macros and political stability’KARACHI: The Pakistan...

PSX dips further by 544 points amid lack of triggers

KARACHI: In the absence of positive triggers, Pakistan Stock Exchange (PSX) witnessed another lazy session on Wednesday where indices traded in red all day long.The...

Foreigners bought Asian bonds in November as trade tensions fade

In November, Indonesian and Indian bonds led the regional inflows, attracting foreign money of $2.54 billion and $772 million respectively

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...