Oil slips on economic worries, but still set for strong weekly gain
Traders said the declines came on lingering concerns over the health of the global economy
Car sales down 3pc in first half FY19
It is the first time since FY12-13 that sales declined during the first half of a fiscal year
KARACHI: Pakistan’s locally manufactured car...
PSX gains 168 points in thin trade
KARACHI:Â Despite thin volumes, the Pakistan Stock Exchange witnessed a positive session on Thursday as indices traded in green all day long. Foreign...
New year stocks rally stalls as trade talks and data disappoint
LONDON: The early-year rally in world stocks ran out of steam in Europe on Thursday and the dollar touched a near-three-month low,...
SECP warns public against investing in Fine Sarmayakari Company
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) has warned the public against investing in a fake entity, Fine Sarmayakari Company, which...
PSX lands in the red after volatile session
KARACHI:Â Breaking its two-day winning streak, the Pakistan Stock Exchange (PSX) ended the session on Wednesday in red. Indices swung aggressively in both...
China’s short-term money rates fall, prompting talk of more easing
The move pushed the volume-weighted average rate of China’s benchmark seven-day repo, a closely-watched liquidity gauge, to 1.4 percent on Tuesday, its lowest level since July 2015
Commodity-linked currencies gain on China-U.S. trade hopes
The dollar index, which measures the greenback against a basket of six peers, edged 0.1 percent lower to 95.803. It hovered not far off an 11-week low of 95.638 touched early this week
Asian shares rally on hopes for China-US trade breakthrough
Japan’s Nikkei 225 index gained 1.3 percent to 20,472.79 and Hong Kong’s Hang Seng jumped 2.5 percent to 26,512.06
Oil prices climb amid U.S.-China trade talk optimism
International Brent crude futures were up 79 cents, or 1.3 percent, at $59.47 per barrel
Commercial Bank of Dubai to take control of Abraaj assets secured against loan
Stakes in Abraaj’s Infrastructure and Growth Capital Fund, as well as its funds focused on Turkey, Latin America, North Africa, Africa and health, were held as security against CBD’s loans, a joint provisional liquidators’ report from July shows
PSX extends gains amid improved market sentiment
KARACHI:Â Optimistic sentiments prevailed at the Pakistan Stock Exchange (PSX) for the second consecutive session on Tuesday. Indices which opened positive continued to...
Supply avalanche keeps upward pressure on euro zone bond yields
Core euro zone bond yields, including Germany — the benchmark for the region — inched higher in early trade, tracking the late move higher in U.S. Treasuries on Monday
Amazon becomes most valuable publicly-traded company
The online sales goliath assumed the top spot after notching a 3.4 percent gain to finish with a market capitalisation of $796.8 billion, about $13.2 billion more than Microsoft
Fed pause expectations keep lid on dollar
The dollar index was marginally higher, fetching 95.80 at 0244 GMT. Earlier in the session, it had hit an intra-day low of 95.68