Pakistan rebuffs Chinese request to use renminbi
ISLAMABAD: China’s request to use its renminbi currency (RMB) in the Gwadar Free Zone under China-Pakistan Economic Corridor (CPEC) framework has been...
Saazgar engineering signs vehicle assembly agreement with Chinese firm
LAHORE: A bourse notification from Saazgar Engineering Works Limited (SAZEW), Monday revealed it signed a vehicle assembly cooperation agreement with an unnamed...
Amreli Steels strikes partnership with Chinese firm for sale of electrical transmission towers
LAHORE: A bourse notification from Amreli Steels Limited (ASL) revealed of entering into a joint venture with a Chinese firm Qinddao Huijintong...
Frenzy sparks Bitcoin to touch all-time high of nearly $8,000
LONDON: Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency...
Oil prices claw up, but register first weekly decline in six weeks
NEW YORK: Oil rebounded more than 2 percent on Friday after falling for five straight session as a major U.S. crude pipeline...
Market Daily: PSX takes a breather, settles in green with 150.52 points
LAHORE: The Pakistan Stock Exchange (PSX) took a breather on Thursday after three sessions in the red. Pakistani equities exhibited a positive...
Emaar’s development unit IPO set to raise $1.31 billion
DUBAI: Emaar Development, a unit of Dubai property firm Emaar Properties, priced its initial public offering below the mid-point of an indicative...
Asian shares hold firm, despite losses on Wall Street
SEOUL: Asian stock markets were mostly firm on Thursday and oil prices were steady, despite a second straight day of losses on...
Pakistan Stock Exchange nosedived 13pc in last one year
KARACHI: The KSE-100 index has endured a fall of 16pc since Pakistan’s reinstatement into MSCI Emerging Markets (EM) index since June 1st,...
Asian stock markets lower, as oil prices register biggest drop since October
TOKYO: Shares fell in Asia on Wednesday, tracking modest losses overnight on Wall Street, where the biggest drop in crude oil prices...
Oil prices fall after IEA casts uncertainty over demand outlook
SINGAPORE: Oil prices tumbled on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past months’ narrative of...
PSX leads the re-composition of KMI index
LAHORE: In a notification issued on November 13, by the office of Market Development and New Products General Manager Sani-e-Mehmood Khan, Pakistan...
Market Daily:Â MSCI ejects ENGRO from EMI
LAHORE: Trading at the bourse on Tuesday was underpinned by MSCI’s overnight announcement where the leading index provider ejected Engro Corporation (ENGRO)...
Mutual funds invested $17m in stock market last week
KARACHI: Security and Exchange Commission’s (SECP) decision to raise investment cap for mutual funds from 95pc to 100pc cash, gave Pakistan Stock...
Oil trading remains restrained amidst tension in Middle East
SINGAPORE: Oil trading was cautious on Monday amid ongoing tensions in the Middle East and after a rising rig count in the...