Wall Street investors eye consumer discretionary stocks as US reopens
NEW YORK: Investors are taking a closer look at the market’s consumer discretionary companies as a reopening US economy fuels hopes of...
Oil falls but still set for biggest monthly gain in years
LONDON: Oil prices were dragged sharply lower on Friday by weak US fuel demand, fears of a second wave of coronavirus cases...
Bulls return to bourse, index gains 235 points
KARACHI: The Pakistan Stock Exchange (PSX) changed its path on Friday, with the indices ending the last trading session of the month...
Weekly inflation up 0.13pc
PBS notes an increase in the prices of essential food items, particularly wheat flour, potatoes and chicken
T-bill divestment in May reaches $182m
KARACHI: Foreign investors sold $16 million worth of treasury bills (T-bills) on May 21, according to the latest data from the State...
Bears dominate as KSE-100 sheds 141 points
KARACHI: Indices of the Pakistan Stock Exchange (PSX) did not welcome the resumption of trade activities after a week-long break, and displayed...
PPA accuses govt of disrupting poultry supply chain
LAHORE: The Pakistan Poultry Association (PPA) has stated that the government was once again attempting to disturb the supply-demand mechanism of the...
Oil falls on US-China tensions over Hong Kong
LONDON: Oil prices fell on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed...
‘Govt to amend SEZ Act to promote industrialisation, attract FDI’
Razak Dawood says amendments will help ensure provision of quality services to investors
Oil prices climb as faith in supply cuts grows
LONDON: Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut supplies and as...
American billionaires see wealth balloon $434 billion amid Covid-19
Washington: The fortunes of US billionaires rose 15 percent in the two months since the coronavirus pandemic hit, a study found, with...
Negative pricing seen spreading from oil to gas
LONDON: Almost a month after US crude oil prices collapsed into negative territory for the first time, European gas markets are facing...
Mango exports likely to drop 40pc amid climate change, corona outbreak
Low production of mangoes owing to climatic change and imposition of global lockdowns due to Covid-19 has led to a sharp decline in the demand of Pakistani mangoes
Alibaba’s sales surge as people shop online during lockdown
Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the...
PSMA rejects sugar inquiry report, doubts commission’s intent
Chairman says report only shows 'technical and accounting incompetence' of commission members