Bullish trend at PSX as index gains 5.5pc in week
LAHORE: The Pakistan Stock Exchange (KSE 100 Index) closed on a bullish trend on Friday having increased 2,126 points since the last week.
The...
PSX overcomes early tremors to gain 924 points
Index crosses 40,000 mark, ends week in green
KARACHI: The Pakistan Stock Exchange (PSX), which opened the day in negative, changed its course...
FFC posts Rs8.5bn PAT in nine months
The Fauji Fertilizer Company Limited (FFC) board of directors on Friday announced the financial results for the first nine months of 2018...
IMC posts profits of Rs3.508m, decline 3% YoY
The company’s topline recorded a growth of 12% YoY to Rs35 billion due to a volumetric growth of 2% YoY to 15,419 units
Bank Alfalah profits rise 21% YoY, touch Rs8.8b for nine months of 2018
Net financial income (NFI) grew by 9% YoY during nine months of the current year because of a healthy rise in foreign income
Asia stocks, S&P futures slide as investors flee risk amid growth fears
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1 percent, erasing tiny gains made in the opening hour and hitting its lowest level since February 2017
Oil prices drop as focus shifts to oversupply
Brent crude futures were down 51 cents, or 0.7 percent, at $76.38 a barrel by 0331 GMT. The global benchmark is on course for a weekly loss of over 4 percent
NAB widens investigation into lower tax collection from tobacco sector
The introduction of the three-tier tax system for the tobacco industry resulted in a massive fall in tax revenue collection of Rs33 billion, which is a major contributor to the public exchequer
Bullish run continues at PSX, index gains 360 points
KARACHI: Investors of the Pakistan Stock Exchange (PSX) saw another good trading session on Thursday with indices inching further up.
The trend of foreign...
Sterling trims losses after May’s party shows loyalty on Brexit
At 0815 GMT sterling traded up 0.2 percent at $1.29 and flat against the euro at 88.36 pence
Indian stocks fall to seven-month low tracking global rout
The broader Nifty and the benchmark Sensex fell 1.4 percent each, with losses seen across the board, and heading for the fifth session of decline in six
Asian mills look to secure long-term wheat supply
Asia is also the top importer, with shipments of the grain set to hit 55.13 million tonnes this year, up 46 percent since 2010-11 and the second-largest total on record, USDA data showed
Asia shares extend losses after rout on Wall Street
Japan’s Nikkei 225 index sank sharply on the open. By early afternoon it was down 3.3 percent at 21,369.48
Oil prices fall one percent amid global stock market slump
Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy
Govt removes stipulation permitting non-filer overseas Pakistani’s to purchase property
The government issued a circular disclosing the stipulation on purchase/transfer of property having a value over Rs5 million by non-filers was not applicable to legal heirs procuring property via inheritance