Market Daily: KSE 100 closes down 209.72 points at 44,536.91
LAHORE: Given the risks presented by Pakistani elections coinciding with an increasingly dicey economic backdrop, market chatter is tilting in favor of...
Public-private partnership critical for bilateral growth with China
ISLAMABAD: Senate Deputy Chairman Senator Saleem Mandviwalla has said that Chinese investors should benefit from the investment potential in Pakistan and explore the...
Market Daily: Indices continue to bleed, shed 640.19 points intraday
The KSE 100 index had a huge fall, chopping off 640.19 points to fall to intraday low of 44,556.18. it settled with a loss of 1.01 per cent or 449.74 points at 44,746.63.
SECP re-elected to the IOSCO Board
The Securities and Exchange Commission of Pakistan (SECP) has been elected to the International Organization of Securities Commissions (IOSCO) Board for the fourth time for the 2018-2020 term.
Smartphone maker Xiaomi submits documents for Hong Kong IPO
Beijing-based Xiaomi is the world’s fourth-biggest smartphone maker by shipment volume, according to International Data Corp
Oil prices dip, as US crude inventories soar
U.S. oil production also hit a fresh record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016
Asian shares slip, as hopes wane in progress of China-US trade talks
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, while South Korean stocks eased 0.4 percent
Siemens boosts manufacturing in Pakistan with new line for power technology
KARACHI: Siemens has strengthened local manufacturing in Pakistan with a new production line for the company’s latest technology in air-insulated switchgear, the...
Market Daily: Post Budget bearish trend continues
The benchmark index lost 292 points during Wednesday’s session, closing at 45,197 index level. This led to a sharp decline of 47 per cent in traded volumes during the trading session. Similarly, trading value also fell by 40 per cent.
Govt to provide billions in tax exemption to Chinese companies
ISLAMABAD: While rejecting the Senate Standing Committee on Finance's recommendation to withdraw the tax exemptions given to Chinese companies, the tax department...
Escorts Bank approves increase in authorized share capital to Rs 3 billion for business expansion
Malik Riaz owned Bahria Town completed its acquisition of Escorts Investment Bank in January this year
Oil prices rise, buoyed by Iran sanction worries
London Brent crude for new July delivery was up 21 cents at $74.90.
Tokyo stocks higher in quiet labour day trading
Stock markets in Hong Kong, Shanghai, Seoul and other cities in Southeast Asia were closed for public holidays.
Atlas Honda investing $15 million to increase production capacity
Atlas Honda sold 838,395 motorcycles during the first nine months (July-March) of the current financial year 2017-18,
Federal budget disappoints PSX
KARACHI: The federal budget for 2018-19 has disappointed the stockbrokers/TREC holders of Pakistan Stock Exchange (PSX) as most of its proposals were...