Dollar demand remains high in open market
KARACHI: State Bank of Pakistan on Wednesday was apprised by currency dealers that demand of dollar in kerb market remains high.
In a...
Samsung Electronics announces stock split, posts record annual profit
SEOUL: Samsung Electronics Co Ltd announced on Wednesday its first stock split and said it expects demand for semiconductors to remain strong...
KSE-100 index registers best start to the year since 2007
LAHORE: Pakistani stocks are once gaining traction of foreigners as global funds purchased $91 million of shares during January.
This would translate into...
Dost Steels set to start commercial operations from March 2018
LAHORE: A bourse notification filed Wednesday by Dost Steels Limited announced it would be starting trial productions from 1st of February.
DSL stated,...
Asian shares nosedive after hefty losses on Wall Street
BEIJING: Asian stocks were mixed Wednesday after Wall Street recorded its biggest decline since August.
KEEPING SCORE: The Shanghai Composite Index fell 0.7...
Oil prices decline for third straight session, touch $68.33 per barrel
SINGAPORE: Oil prices fell for a third day on Wednesday after data from an industry body showed crude stocks rose more than...
Hascol Petroleum to pay $9.5 million to Mena Energy for out of court settlement
LAHORE: A bourse notification filed Monday by Hascol Petroleum Limited (HPL) announced it reached an out of court settlement with Mena Energy...
Sindh High Court bars PSX from placing Dewan Cement in defaulter’s segment
LAHORE: A bourse notification filed Monday by Pakistan Stock Exchange (PSX) revealed the Sindh High Court on 27th January ordered it not...
Coincheck penalized by Japan’s financial regulator
TOKYO: Japan’s financial regulator on Monday ordered Coincheck to get its act together after hackers stole $530 million worth of digital money...
Asian shares remain flat after upbeat openings
TOKYO: Asian shares were mixed Monday after several markets ceded gains from upbeat openings that tracked Friday’s rally on Wall Street.
KEEPING SCORE:...
Oil prices remain firm on back of weakening dollar
SINGAPORE: Oil prices held firm on Monday, supported by strong demand, a weak dollar and ongoing supply cuts lead by OPEC and...
Free Zone to turn Gwadar into region’s big commercial hub: Chairman COPHC
GWADAR: Chairman China Overseas Port Holding Company (COPHC) Zhang Baozhong, on Sunday, said that with the construction of Free Zone, the port city...
Matco Foods book-building concludes, over-subscribed by 1.044 times
LAHORE: In a bourse notification filed Friday by Muslim Commercial Bank (MCB) disclosed that Matco Foods book-building was over-subscribed by 1.044 times.
MCB...
Dell pondering IPO, acquisitions to boost profits
TEXAS: Dell’s board of directors will meet later this month to consider the biggest shakeup in the company’s history since it acquired...
Asian shares inch up, as dollar reverses losses
SEOUL: Shares are modestly higher in Asia, recouping losses from earlier in the week as the dollar steadies against other currencies. Investors...