PSX gains 400 points during the week
KARACHI: Pakistan Equities turned green during the week with index gaining 400 points or 0.98 per cent to close at 41,320 points.
The market...
Furnace oil lobby holds sway at national cost
-- Sources say energy ministry officials were 'convinced' to enhance the use of furnace oil instead of LNG in power sector
ISLAMABAD: The national...
Pakistan’s e-commerce market witnesses significant growth
--Pakistan has one of the highest rates of mobile and Internet penetration in South Asia, with 40 million Internet subscribers
ISLAMABAD: The number of...
Asian markets edge up but rally wobbles
HONG KONG: Most Asian markets rose on Thursday but their recent rally lost its legs, though emerging market currencies held their own after...
Japan loses $60 million in another cryptocurrency heist
TOKYO: Japanese cryptocurrency firm Tech Bureau Corp said about $60 million in digital currencies were stolen from its exchange, highlighting the industry’s vulnerability...
DG Khan Cement posts Rs9 billion profit for fiscal 2018
KARACHI: DG Khan Cement Company Limited posted a consolidated net profit of Rs8.93 billion in the fiscal ending June 30, 2018, up by...
PSX closes in green as bulls continue to rally
KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday continued with its recent trend of appreciation and rolled north. The market rallied on back...
‘India’s market boom coming to an end’
-- Goldman Sachs sight stretched valuations, multiple macro headwinds and election risk as reasons.
Goldman Sachs has warned that India’s booming stock market...
Saudi sovereign wealth fund pumps in $1 billion in Tesla’s electric car
DUBAI: Saudi Arabia’s sovereign wealth fund invested over $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO...
Market Daily: PSX drops 400 points as govt raises gas prices
LAHORE: Amid the uncertainty surrounding the upcoming mini-budget, the Economic Coordination Committee's (ECC's) approval to raise gas prices, and the country's dwindling...
Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan
At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.
Asian shares tripped up by new U.S. tariff threat
U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday.
KSA to auction indebted billionaire’s real estate
RIYADH: Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions...
E&T creates four zones of property, two of motors to facilitate taxpayers
RAWALPINDI: In order to improve the performance of Excise and Taxation Department and facilitate the taxpayers, Property Tax Rawalpindi has been divided into...
Abu Dhabi Financial Group offers revised bid for Abraaj’s Middle East funds
At its zenith, Abraaj had managed over $14 billion in emerging market investments and was the largest private equity firm in the MENAF region