Economic reforms help PSX gain 958 points in week
Analysts expect the market to continue its positive rally on the heels of improving foreign inflows
KARACHI:Â The benchmark KSE-100 index accelerated by...
Trump ends shutdown, signs bill to reopen government
The deal he reached with congressional leaders contains no new money for the wall but ends the longest shutdown in U.S. history
MoneyGram exploring options, including potential sale: Sources
The Dallas-based company’s shares have lost 83 percent of their value since the deal with Ant Financial collapsed in January 2018
Emerging markets brought the bears, now they have the bulls
During the global financial crisis, emerging market stocks dropped the 20 percent that defines a ‘bear’ market three weeks sooner than the main global indexes and started to bounce back four months earlier
Wall Street surges on upbeat earnings, hopes of end to govt shutdown
US stocks surged on Friday, as upbeat earnings reports helped investors put aside growth worries, with hopes of a resolution to the...
PSX fails to sustain gains, closes in red
KARACHI: Failing to sustain the gains made in previous session, the Pakistan Stock Exchange (PSX) ended the last session of the week in red.
Indices...
Gold rises as U.S. government shutdown augments global growth concerns
Spot gold rose 0.3 percent to $1,284.31 per ounce, as of 0726 GMT, while U.S. gold futures climbed 0.3 percent to $1,283.10 per ounce
Sterling reaches 11-week peak on hopes for May’s new Brexit plan
The pound has climbed about 1.8 percent this week, moving above the key psychological level of $1.30 to the dollar on hopes the United Kingdom might avoid a no-deal Brexit on March 29
Is the mini-budget a ruse?
Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy
Asian shares rise on optimism over China-US trade talks
Japan’s benchmark Nikkei 225 rose 1.1 percent to 20,794.82. Australia’s S&P/ASX 200 added 0.8 percent to 5,913.80 in early trading, while South Korea’s Kospi surged 0.9 percent to 2,175.69
Finance minister sees financial assistance from China within next few days
Rejecting the impression of imposing new taxes worth Rs12 billion, given by a media outlet, Asad Umar categorically denied that any new tax was introduced in the supplementary budget
Oil prices climb as U.S. threatens sanctions against Venezuela
International Brent crude oil futures were at $61.89 a barrel at 0246 GMT, 80 cents, or 1.3 percent, above their last close
Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19
Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019
Asian shares buoyed by US earnings, upbeat talk on China
The Shanghai Composite index gained 0.4 percent to 2,592.40 and South Korea’s Kospi rose 0.8 percent to 2,145.03
Dollar stronger as Draghi warning on risks hurts euro
The dollar index, which tracks the greenback versus the euro, yen, British pound and three other currencies, was up 0.15 percent at 96.265