Dollar slips on Fed chief’s “patient” comments
In 2018, the greenback outperformed its peers, gaining 4.3 percent as the Fed hiked rates four times on the back of a strong domestic economy, falling unemployment and rising wage pressures
Oil slips on economic worries, but still set for strong weekly gain
Traders said the declines came on lingering concerns over the health of the global economy
FBR forwards recommendation to Finance Ministry for clearance of tax refunds
One of the suggestions under consideration is to launch a three-year negotiable security bond worth over Rs80 billion in different phases via the central bank, added the sources
Car sales down 3pc in first half FY19
It is the first time since FY12-13 that sales declined during the first half of a fiscal year
KARACHI: Pakistan’s locally manufactured car...
PSX gains 168 points in thin trade
KARACHI:Â Despite thin volumes, the Pakistan Stock Exchange witnessed a positive session on Thursday as indices traded in green all day long. Foreign...
New year stocks rally stalls as trade talks and data disappoint
LONDON: The early-year rally in world stocks ran out of steam in Europe on Thursday and the dollar touched a near-three-month low,...
SECP warns public against investing in Fine Sarmayakari Company
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) has warned the public against investing in a fake entity, Fine Sarmayakari Company, which...
PSX lands in the red after volatile session
KARACHI:Â Breaking its two-day winning streak, the Pakistan Stock Exchange (PSX) ended the session on Wednesday in red. Indices swung aggressively in both...
China’s short-term money rates fall, prompting talk of more easing
The move pushed the volume-weighted average rate of China’s benchmark seven-day repo, a closely-watched liquidity gauge, to 1.4 percent on Tuesday, its lowest level since July 2015
Saudi Arabia to announce slight rise in oil, gas reserves after audit – source
For almost 30 years - despite rising production, large swings in oil prices and improved technology - Riyadh has annually reported the same number for reserves at around 261 billion barrels, according to a statistical review by BP
Commodity-linked currencies gain on China-U.S. trade hopes
The dollar index, which measures the greenback against a basket of six peers, edged 0.1 percent lower to 95.803. It hovered not far off an 11-week low of 95.638 touched early this week
Asian shares rally on hopes for China-US trade breakthrough
Japan’s Nikkei 225 index gained 1.3 percent to 20,472.79 and Hong Kong’s Hang Seng jumped 2.5 percent to 26,512.06
Oil prices climb amid U.S.-China trade talk optimism
International Brent crude futures were up 79 cents, or 1.3 percent, at $59.47 per barrel
Commercial Bank of Dubai to take control of Abraaj assets secured against loan
Stakes in Abraaj’s Infrastructure and Growth Capital Fund, as well as its funds focused on Turkey, Latin America, North Africa, Africa and health, were held as security against CBD’s loans, a joint provisional liquidators’ report from July shows
PSX extends gains amid improved market sentiment
KARACHI:Â Optimistic sentiments prevailed at the Pakistan Stock Exchange (PSX) for the second consecutive session on Tuesday. Indices which opened positive continued to...