Stock market gains 155 points amid low volume
KARACHI:Â Investors returned after the weekend with optimistic sentiments. Indices swung in both directions in the absence of a trigger while volumes remained...
Saudi Aramco doubles down on South Korea with $1.6 billion bet on Hyundai Oilbank
Saudi Aramco is already the biggest shareholder in South Korea’s No.3 refiner, S-Oil Corp, with a 63.41 percent stake, and the latest deal should help Aramco boost crude oil sales to Hyundai Oilbank, the South’s smallest refiner by capacity
Dollar eases as focus shifts to Fed meeting; yen and Aussie dollar gain
The dollar index, a gauge of its value versus six major peers was marginally lower at 95.74, after falling 0.8 percent on Friday
Asian markets gain after US suspends government shutdown
Hong Kong’s Hang Seng index gained 0.3 percent to 27,657.27 and the Shanghai Composite index climbed 0.3 percent to 2,610.14
Oil falls on increased U.S. rig count, China industrial slowdown
International Brent crude oil futures were at $61.03 a barrel, down 61 cents, or 1 percent
Economic reforms help PSX gain 958 points in week
Analysts expect the market to continue its positive rally on the heels of improving foreign inflows
KARACHI:Â The benchmark KSE-100 index accelerated by...
Trump ends shutdown, signs bill to reopen government
The deal he reached with congressional leaders contains no new money for the wall but ends the longest shutdown in U.S. history
MoneyGram exploring options, including potential sale: Sources
The Dallas-based company’s shares have lost 83 percent of their value since the deal with Ant Financial collapsed in January 2018
Emerging markets brought the bears, now they have the bulls
During the global financial crisis, emerging market stocks dropped the 20 percent that defines a ‘bear’ market three weeks sooner than the main global indexes and started to bounce back four months earlier
FBR forwards notices to schools for tax evasion: Report
The audit was commenced after information was received that the schools were retaining multiple accounts besides those officially declared for the hiding of receipts and income
Directorate general of transfer pricing set to be disbanded
The Directorate was unable to appoint its director general and other staff and consequently, entities refused to share a country-by-country record of their businesses with the tax regulator
Wall Street surges on upbeat earnings, hopes of end to govt shutdown
US stocks surged on Friday, as upbeat earnings reports helped investors put aside growth worries, with hopes of a resolution to the...
Domestic security improvements will spur business & investment activity in Pakistan: Fitch
The gross financing requirements remain high, notwithstanding a fall in current account deficit as sovereign debt service will grow to $7-9 billion a year over the next three years, said Fitch Ratings
PSX fails to sustain gains, closes in red
KARACHI: Failing to sustain the gains made in previous session, the Pakistan Stock Exchange (PSX) ended the last session of the week in red.
Indices...
Gold rises as U.S. government shutdown augments global growth concerns
Spot gold rose 0.3 percent to $1,284.31 per ounce, as of 0726 GMT, while U.S. gold futures climbed 0.3 percent to $1,283.10 per ounce