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Stock Market

Egypt to privatise key state companies as inflation surges

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Egypt

Egyptian Prime Minister Mostafa Madbouli announced Sunday a string of deliberate privatizations of state-owned organizations, as Cairo grapples with a monetary disaster and inflation at nearly 15%. Following years of accusations of kingdom agencies crowding out non-public investments, the authorities introduced a roadmap on Sunday to greater than double the personal area’s percentage in the economy. Madbouli … Read more

Stock markets rise on busy corporate earnings day

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stock market

Investors digested a spate of company results on Thursday, and shrugged off a worse-than-expected US  economic downturn. In foreign exchange, the dollar traded around 20-year peaks versus the yen and at the highest level in more than five years against the euro as the Federal Reserve aggressively hikes US interest rates. Trading is volatile across major … Read more

Stocks and oil slide China lockdowns, rate hike fears

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Stock market

Stock markets and oil charges slumped Monday on developing concern that lockdowns in China aimed at combating a worsening Covid outbreak could similarly damage an international economic system battling decades-excessive inflation. The losses prolonged the final week’s promote-off prompted via Federal Reserve boss Jerome Powell indicating that the USA principal financial institution might hike hobby fees by … Read more

Stock markets rise but Netflix sinks

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#

Investors followed developments in the Ukraine war and business earnings, with Netflix shares falling as the streaming giant announced a drop in subscribers. Oil prices rose marginally after falling the day before due to supply concerns. “The upbeat market mood which helped Wall Street close firmly higher yesterday has followed through into Europe,” City Index … Read more

KSE-100 index posts largest weekly gain in last 2 years

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KSE

The outgoing week proved to be an excellent one for the stock market as it recorded phenomenal profits on the again of clarity on the political front. The KSE-a hundred index surged 4.9%, marking the best week-on-week increase in two years, to settle at 40-6,601 points. A weekly rally of a similar quantity changed into … Read more

Stock market holidays 2022: The US markets are shuts these days

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Stock market

Stock market vacations are non-weekend business days while the two predominant U.S. Stock exchanges, the New York Stock Exchange (NYSE) and the Nasdaq, are closed for the day. These vacations normally closely follow federal excursion schedules, as they may be usually principal vacations like Christmas and Independence Day. Regular working hours for each exchanges are … Read more

Asian markets raised but inflation, Ukraine afraid of linger

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Asian stock markets rose Thursday after a recovery on Wall Street, but traders remained careful approximately the continuing impact of skyrocketing inflation and the battle in Ukraine. Prices were already hovering in most important economies when Russia’s invasion of Ukraine sent shockwaves via the global power, meals and commodity markets. Despite lingering worries approximately the US Federal … Read more

Stocks mostly drop, oil gains following soaring expansion

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Stock market

Stock markets basically fell and oil costs prolonged profits Wednesday as investors pored over information showing further spikes to inflation. US yearly expansion hit a forty-year high in March, the same month that UK fees climbed on the quickest pace in 30 years. Global inflation, already rocketing on providing constraints as economies appearance to fully … Read more

US stocks withdraw ahead of key boost report

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US stocks

Major Wall Street guides opened lower on Monday, with tech shares hit particularly hard as investors waited for the March report on US expansion amid expectations for offensive Federal Reserve action. Twitter bucked the trend as its stock rates rise after controversial Tesla chief Elon Musk announced he would not connect with the Twitter board … Read more

It’s time to go public

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IPO

The number of equity investors in Pakistan declined in the last few years As the stock market is not the reliable indicator of the strength of the economy, oversubscribed initial public offerings (IPOs) also do not reflect the growth and depth of the equity market. Surprisingly, the total number of investors participating in the IPOs … Read more

Stock market likely to move both ways next week

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Stock market

KARACHI: The Pakistan stocks gained 1.2 per cent during the week ended December 17, 2021, and analysts expect the market to move both ways next week. Further, a mini-budget is expected soon, where the market will react to any introduction, re-imposition or removal of duties and subsidies. “There is a likelihood that [the] inflationary pressures … Read more

Daimler Truck rolls into stock market after Mercedes split

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Daimler Truck

FRANKFURT: Daimler Truck launched on the Frankfurt Stock Exchange on Friday after the heavy-goods operation was spun off from its holding group, soon to be renamed as Mercedes-Benz. The new group is targeting an entry into the DAX, when the 40-member blue-chip index is next updated in the first quarter of 2022. Daimler Truck was trading … Read more

LCCI proposes three-pronged plan to strengthen economy

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LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has suggested a three-pronged strategy for strengthening the economy, a statement said. Referring to heavy fall in the KSE-100 Index, LCCI president Mian Nauman Kabir said that it was temporary and the investors should not worry and expressed the hope that the stock exchange would start … Read more

US investment bank to open Riyadh office, hire Saudis

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Riyadh

RIYADH: US investment bank Moelis and Co plans to open an office in the Saudi capital Riyadh and will soon begin hiring staff in the kingdom, Bloomberg reported. The New York-based company sees the kingdom attracting more foreign investors and benefiting from an “energy supercycle,” Vice Chairman Eric Cantor said in an interview. The boutique financial adviser, … Read more

Pakistan stocks likely to remain under pressure next week

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Pakistan stocks

KARACHI: The Pakistan stocks are expected to come under pressure after the State Bank of Pakistan (SBP) increased the benchmark interest rates by 150bps against the general consensus of 100bps to 8.75 per cent, dealers said. An analyst at AKD Securities said the news of the current account deficit deteriorating to $1.7 billion would also … Read more

Pakistan Stock Exchange (PSX) witnessed a sharp decline

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Pakistan Stock Exchange

The Pakistan Stock Exchange (PSX) witnessed a sharp decline last week, with the 100 Index falling by more than 1,500 points. According to the details, the Pakistan Stock Exchange (PSX), 100 Index has declined by 1562 points during the last week. During September 20-24, 2021, 1.91 billion shares were traded in the stock market while … Read more

Equity market: Bears return on absence of positive triggers

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stock

KARACHI: The equity market started the session in the green zone, but later on bears took the charge and dominated the bourse throughout the day, while traded volume remained low due to the absence of any positive trigger, delay in refinery policy and mixed results announcements, dealers said on Thursday. An analyst at Arif Habib … Read more

Pakistan equity market remains bearish; down 366 points

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PSX Continues Bullish Trend, 100 Index Rises 1.37 Per cent

KARACHI: The Pakistan stock market took a negative turn on Monday, primarily due to the selloff in technology stocks, dealers said. Institutional investors were on the selling side, partly due to the redemptions and otherwise due to the concerns on the rising current account deficit and inflation on the back of possible tariff hike. Muhammad … Read more

Bitcoin: Western miners profit hugely, during China’s crackdown

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bitcoin

According to a report published by Arcane Research, China’s restriction on Bitcoin mining has resulted in greater profits for Western miners.

Due to the recent decline in the price of bitcoin, Western mining firms have had massive stock market gains in the last month.

China used to be home to a significant share of the global Bitcoin mining hash rate.

Whereas, Miners began to move out of the country in large numbers as the state began to crackdown.

As a result, the worldwide BTC hash rate has dramatically decreased. Western miners now deliver a larger share of the hash rate.

Mining firms are experiencing better earnings as the competition is very low. These profits exceed the losses due to the extent of the BTC price drop, compared with a net gain.

Marathon and Riot are two of the largest mining companies in the west, and their stock prices have risen significantly.

[embedpost slug=”london-asset-manager-intends-to-invest-55-billion-in-cryptocurrency”]

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Stocks Review: Market to stay bullish on budget optimism

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Stocks remain range-bound over political turmoil

Stocks Review: The Pakistan Stock Exchange (PSX) is likely to remain in the positive territory next week due to optimistic budget expectations and a decline in the number of Coronavirus cases in the country, dealers said on Saturday. “We expect the market to remain positive, with the view of a positive budget for the market … Read more

Pakistan Stock Exchange Gains 19 Points On 4th Day Of Business Week

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PSX: Stock Trading Volume Reaches 16-Year High

The Pakistan Stock Exchange has gained 19 points after fluctuating on the fourth day of the business week. According to the details, the Pakistan Stock Exchange closed at 40,534 on the fourth day of the trading week after fluctuating. A total of 352 companies traded during the day with 15.81 crore shares worth Rs 8 … Read more

Pakistan Stock Exchange Goes Bullish On First Day Of Week

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Pakistan Stock Exchange Goes Bullish On First Day Of Week

Trading on the Pakistan Stock Exchange ended on a high note on the first day of the business week. According to the details, the Pakistan Stock Exchange has recorded a positive trend in trading on the first day of the current business week in which the 100 Index recorded an increase of 584 points. The … Read more

Asian Stocks high as Trump resumes office after three days

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Asian Stocks

Stocks in Asian Markets advanced on Tuesday after the United States President Donald Trump was discharged from hospital and returned to White House. According to the details, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.71%, while the Hong Kong index climbed to 0.88%. Meanwhile, Japan’s Nikkei also added 0.41%. S&P 500 futures rose 0.08% after … Read more

Asian Shares shake in Friday trading after US Tech stocks tumbled on Wall Street

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Asian Shares

Asian shares struggle to shake off bearish mood after United States technology stocks giant fell anew on Friday on Wall Street. According to the details, Japan’s benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading to 23,310.94. South Korea’s Kospi dropped 0.8% to 2,377.92, while Australia’s S&P/ASX 200 lost 0.8% to 5,860.50. … Read more

Pakistan Stock Exchange becomes Asia’s best market

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PSX: Stock Trading Volume Reaches 16-Year High

Pakistan Stock Exchange has become best Asian stock market and the fourth best-performing market across the world in 2020. “Pakistan’s stock market (has become) the best performer in Asia and the fourth best-performing stock market in the world,” marketcurrentswealthnet.com, the New York-based global financial markets research firm, reported on Tuesday. According to sources, The PSX … Read more

How Stock Valuation Works and How it Operates?

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Market cap to GDP ratio is one of the famous ways technique to analyze if USA stocks are heading to undervaluation or overvaluation. This proportion equals the entire market cap of all U.S. openly sold stocks with GDP. Further, it determines the absolute amount of all outstanding shares of USA domicile, openly sold businesses and … Read more

PSX updates: Stock market closed lower on the last day

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After strong fluctuations in the entire week, the stock market has been closed lower on the last day of the working week. According to details, the 100 Index closed at 136 points lower and the 100 Index closed at 40,029 points. Earlier on Thursday at the Pakistan Stock Exchange, the positive momentum continued as bullish … Read more

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