PSX plunges 253 points as bears continue to dominate
KARACHI: The investors of Pakistan Stock Exchange (PSX) witnessed another dull trading session on Thursday, as bears managed to maintain their dominance.
Indices...
Dollar starts 2019 strong, safety bid lifts yen
The euro fell 0.9 percent against the U.S. dollar, following weak manufacturing data from Spain, France, Italy, and Germany
PSX fails to sustain gains, index sheds 200 points
KARACHI:Â It seemed as if optimism at the Pakistan Stock Exchange (PSX) was just a false alarm. Indices which opened positive on Wednesday...
Big IPOs eyeing a brittle Wall Street in 2019
The market is coming off an outstanding 2018 for stock offers, with 231 companies going public and raising $61 billion, the best year since 2014 when Alibaba entered Wall Street, according to Dealogic
China warns cities to cut reliance on property, developers’ shares fall
The total sales of China’s top 100 real estate developers soared 35 percent last year, according to private research firm CIRC
Oil and LNG imports decline 11% YoY in December
During the first half (July-December) of the financial year 2018-19, imports declined by 17% YoY excluding LNG (-29% YoY)
Asian stocks skid after weak China factory readings
The Shanghai Composite Index lost 1.1 percent to 2,465.29 and Hong Kong’s Hang Seng fell 2.6 percent to 25,161.03
Factory activity in Asia weakens on China slowdown, trade disputes
China’s weakness spilled over to other Asian economies, with Malaysia’s manufacturing activity shrinking to its weakest pace of expansion since it launched the survey in 2012 and Taiwan contracting to its lowest since September 2015
Oil opens 2019 with losses on surging supply, signs of economic slowdown
International Brent crude futures for March were at $53.27 per barrel at 0421 GMT, down 53 cents, or 1 percent, from their final close of 2018
FBR claims recovery of Rs167m from Pakistanis owning foreign assets
FBR chief tells apex court notices have been issued for recovery of additional Rs147m
PSX welcomes New Year with 929 points gain
KARACHI:Â The Pakistan Stock Exchange (PSX) welcomed the new year with a bang. The indices rallied as investors went out to hand pick...
Rupee devaluation & balance of payment crisis dominated headlines in 2018
The rupee, capital markets remained under duress in 2018 due to dwindling forex reserves, growing external financing gap, imports, trade deficit, political and economic uncertainty
Dewan Automotive warned of delisting citing failure to meet regulations
The notification said that till December 31st, 2018 DWAE had been unable to make any reasonable progress towards correcting the default and failed to comply with the regulations
China factory activity shrinks for first time in over two years, 2019 looks tougher
In November, industrial output rose the least in nearly three years, while earnings growth at industrial firms fell for the first time in nearly three years
Dollar ends strongest year since 2015 on defensive note
The dollar index, which tracks the greenback versus six peers, was down 0.22 percent on Monday