Market Daily: Negative rating leaves PSX bleeding Â
LAHORE: The Pakistan Stock Exchange (PSX) continued to bleed red again on Thursday. Bearish sentiments continued its dominance over the market as...
Pakistan’s liquid foreign reserves increase
KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0...
Arif Naqvi in a message to friends & employees shares his experiences at Abraaj
The turmoil-filled months for Arif Naqvi, the founder of Abraaj Group has resulted in ignominy for a person who once heralded forums like the World Economic Forum and built the company into the largest private equity house in the Middle East and North Africa
Abraaj sells LATAM, Africa businesses to Colony Capital
The sale is part of a provisional liquidation and restructuring as set out in a court order. Financial terms of the deal were not disclosed
Asian stocks rise in midst of US-China trade tensions
apan’s benchmark Nikkei 225 index rose 0.8 percent to 22,734.28, but South Korea’s Kospi edged down by 0.2 percent to 2,360.25
Oil prices dip as Iran signals support for OPEC production increase
Brent crude futures were at $74.33 per barrel at 0426 GMT, down 41 cents, or 0.55 percent, from their last close
Rupee devaluation pushes steel prices to record highs
Due to continuing depreciation of the rupee against the greenback in inter-bank and kerb market, the rise in steel prices was expected
CGT collection plunges 52 percent in July-May FY18
CGT amounted to Rs6.2 billion during July-May FY18 against Rs12.76 billion in the corresponding period of last financial year
Trader Gunvor leads in bids for Pakistan LNG tender cargoes
LONDON: A tender by Pakistan to purchase six liquefied natural gas (LNG) cargoes for delivery in July and August has drawn six...
Rupee drops to record low of 125 against dollar
The rupee further depreciated against the US dollar falling down to an all-time low of 125 against the greenback in the open market on Wednesday
Brazil, India’s corporate debt most vulnerable to rate hikes: McKinsey
McKinsey researchers found more companies had shifted to bond market financing after the 2008 crisis, with nearly 20 percent of corporate debt now in the form of bonds — around double the levels of a decade ago
Asian stocks slump after latest Trump threat
The Shanghai Composite Index fell 2.3 percent to 2,953.54 points and Hong Kong’s Hang Seng lost 2 percent to 29,685.28.
ADFG’s unit offers to buy Abraaj’s interest in limited partnerships
ADCM, an ADFG entity based in the Cayman Islands, wants to become the General Partner of the LPs, which have committed money to Abraaj’s various private equity funds
Oil prices slip on expectations of rising OPEC, Russian supplies
Brent crude futures, the international benchmark for oil prices, were at $78.05 per barrel at 0021 GMT, down 29 cents, or 0.4 percent, from their last close
As elections loom, hopes of PSX rally gather steam
During Ramazan, the KSE-100 index recovered 3.26 percent or 1,379 points from May 17th to June 14th, touching 43,680.68 points at end of last trading session