Oil prices dip, as Russia hints it may gradually raise output
U.S. crude oil production has risen by more than a quarter in the last two years, to 10.73 million barrels per day (bpd)
Noor Financial sells 2.49 percent stake in Meezan Bank to foreign investors
Earlier this month Noor Financial Investment Company (Noor) had sought State Bank of Pakistan’s (SBP) approval for divestment of 9.59 percent of its 49.1 percent stake in Meezan Bank Limited
Auto sales may decline, after barring non-tax filers from purchasing cars
An industry source said data of the filers would now be utilized to purchase cars which would contribute to the practice of premium or ‘own-money’ amount rising
Dollar spikes to Rs118.7 in kerb market amid supply constraints
KARACHI: The State Bank of Pakistan’s stipulation for submission of identification proof before buying and selling of foreign currency more than $500...
Market Daily: KSE 100 Index closes up 27.43 points, settles at 42,772.25
LAHORE: What an anticlimax to such a brilliant run-up from the 22nd of May, as market momentum fizzled out in the wake...
Oil prices edge lower, OPEC may ease supply curbs
OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply
D.G Khan Cement announces completion of Pakistan’s largest cement plant
The cement produced in the trial run is being dispatched to customers. The announcement of commercial production will be made in due course of time, said D.G Khan Cement
Asian shares weak as Trump tempers Sino-U.S. trade optimism
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, while Japan’s Nikkei lost as much as 1.4 percent to hit a 1-1/2-week low and the Shanghai Composite Index retreated 0.6 percent
NIC mandatory for buying/selling above $500: SBP
Exchange companies have expressed fears with the latest restriction, illegal traders would engage most of the sellers, which may lead to tightening of dollar supply in the kerb market.
Market Daily: KSE 100 nears 42,800 points, settles 1,100 points in the green
LAHORE: After the tepid but buoyant move on the first day of the week, market bulls woke up from their beauty sleep...
US, EU investors interested in buying combined 9.59 percent stake in Meezan Bank
The other major shareholders in Meezan Bank are Islamic Development Bank and Pakistan Kuwait Investment Co
Market Daily: KSE 100 settles positive, Moody’s maintains B3 stable
The index settled with minor alteration of 25.13 points at 41,648.65, positive after 6 sessions.
Investors revolt against Abraaj founder
Uproar against Arif Naqvi on alleged misuse of funds
Japan, EU ready to retaliate against US steel, aluminium tariffs
TOKYO/BRUSSELS:Â Japan has told the World Trade Organization (WO) Friday it was ready to take retaliatory measures against US tariffs on its steel...
Market Daily: KSE 100 sheds 4.52pc, highest weekly loss in 2018
KSE 100 closed at 41,624 points (-4.52 per cent WoW), highest weekly loss of 2018 amidst depleting foreign reserves and rising political noise ahead of general election 2018.