K-Electric says finalization of financial statements for FY17 & F18 facing delays
The power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18
Asian shares mixed amid silence on China-US trade talks
Japan’s Nikkei 225 index gained 1.1 percent to 20,251.42 and the Hang Seng in Hong Kong added 0.3 percent to 25,905.82.
Oil stable on trade talk optimism and OPEC cuts, but slowdown looms
International Brent crude futures were at $57.43 per barrel at 0218 GMT, up 10 cents, or 0.1 percent from their last close
K-Electric leads PSX volume chart following Abraaj’s offloading deal
K-Electric Limited (KEL) on Monday was the volume leader at the Pakistan Stock Exchange with 22.85 million shares, gaining Rs0.47 to close...
PSX reacts to assurances from Abu Dhabi, index gains over 1,000 points
KARACHI:Â Bulls took over Pakistan Stock Exchange (PSX) on the first trading session of the week. Stocks rallied, appreciating over 900 points in...
Packages Ltd seeks details of orders from apex court regarding leased land
On Saturday, the apex had ordered Packages Limited to pay lease payment of Rs500 million for the land where its factory is built following the expiry of the lease agreement in 2015
China’s forex reserves fall in 2018 as slowing economy, trade war weigh
China’s foreign exchange reserves - the world’s largest - fell by $67.24 billion last year to $3.073 trillion, central bank data showed on Monday
Gold up as U.S. Fed stance pricks dollar, stocks rally cap gains
Spot gold was up 0.3 percent at $1,288.60 per ounce, as of 0306 GMT and U.S. gold futures gained about 0.4 percent to $1,290.70 per ounce
Dollar slips on Powell views; optimism on trade talks aids Aussie dollar
The dollar index, a gauge of its value versus six major peers, stood at 95.96 at 0406 GMT Monday, down 0.2 percent from an intraday high of 96.16
Japan rebounds, Asia jumps on US data as trade talks begin
Japan’s benchmark, bouncing back from steep losses last week, started the day trading over 3 percent higher
Oil prices rise more than 1% on trade talks, supply cuts
Financial markets were being lifted early on Monday on expectations that face-to-face trade negotiations between delegates from Washington and Beijing, due to start on Monday, would lead to an easing in tensions between the two biggest economies in the world
Weakness in China economy gives Beijing incentive for trade deal, says Trump
WASHINGTON: US President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the...
Iran’s central bank proposes slashing four zeros from falling currency: IRNA
DUBAI: Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency...
Market Weekly: Mixed sentiments, KSE-100 index gains 380 points WoW
Volumes during the week settled at 118 million shares (up by 7 per cent WoW) while value traded arrived at $41 million (up by 14 per cent WoW)
Fund managers hoping for stock rally look to emerging markets
After emerging market stocks led global equity markets lower in a brutal 2018, some U.S.-based fund managers are betting that the asset class may have the largest rebound in the new year