Police enforced a curfew on Wednesday in a Sri Lankan town where an anti-government demonstrator was killed, a death that triggered international condemnation just as the crisis-hit country seeks an IMF bailout. Regular blackouts and acute shortages of food and fuel have sparked increasing public discontent in the island nation, which is dealing with its … Read more
European stocks rose Wednesday however profits had been capped as Russia continued its new offensive in jap Ukraine, dealers stated. London equities rose 0.4 percent in noon deals after bumper in a single day gains on Wall Street. Frankfurt received 0.9 percent and Paris brought 1.2 percent, aided by information of a go back to … Read more
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
Wall Street shares concluded a vacation-shortened week Thursday on a weak note, with tech shares diving amid issues over better interest quotes. The yield on the 10-12 months US Treasury note surged above 2.8 percent, resuming an upward climb after Wednesday’s pullback helped boost shares. Treasury yields are visible as a proxy for interest charges. “Right now, we’re … Read more
The euro slumped to a near -12 months low on Thursday after the European Central Bank remained indistinct about whilst it’ll boost interest rates inside the face of hovering inflation. The drop within the single foreign money helped raise European shares, at the same time as Wall Street equities resumed a downward slide amid worries over … Read more
Asian markets dipped Friday after a bad lead from Wall Street, with investors around the world worried approximately surging inflation. Central banks in several major economies such as the US, Canada and Britain have already began elevating interest quotes to contain charges, however the European Central Bank on Thursday stored its stimulus plans and quotes … Read more
Tokyo shares closed lower on Friday as buyers sold chip-associated shares, after losses on Wall Street over worries approximately higher hobby quotes. The benchmark Nikkei 225 index slid 0.29 percent, or 78.81 points, to stop at 27,093.19, whilst the broader Topix index lost 0.62 percent, or 11. 74 points, to 1,896.31. “The Nikkei index opened decrease following losses … Read more
Mainland Chinese shares closed decrease on Friday, in line with subdued sentiment on buying and selling flooring round the world as inflation and deliver chain woes persist. The benchmark Shanghai Composite Index shed 0.45 percent, or 14.40 points, to a few,211.24, even as the Shenzhen Composite Index on China’s 2d exchange slipped 1.01 percentage, or … Read more
Today, Newmont Corporation (NYSE: NEM, TSX: NGT) released its 2021 Sustainability Report as a part of its suite of reports on the Company’s environmental, social and governance (ESG) practices in key regions that include health, protection and safety, human rights, the environment, social popularity, governance, and inclusion and diversity. “Newmont has a long tradition of … Read more
Citigroup said Thursday it set aside $1.Nine billion in reserves because of Russia’s invasion of Ukraine, which changed into one element using a drop in the financial institution’s quarterly profits. The reserve build changed into “related to Citi’s exposures in Russia and the wider impact of the conflict in Ukraine on the macroeconomic surroundings,” Citigroup … Read more
Eurozone stock markets rise Thursday at the same time as the euro slid as the European Central Bank remained indistinct approximately whilst it’s going to boost hobby charges inside the face of hovering inflation. Meanwhile oil expenses, whose recent surge has contributed to inflation around the world reaching the best tiers in many years, got … Read more
The euro slid under $1.08 on Thursday for the first time since May 2020 after the European Central Bank remained vague on raising interest fees regardless of report inflation. With the US Federal Reserve increasingly anticipated to move even extra rapidly to raise costs, the unmarried European forex slid to $1.0758 in afternoon buying and selling, a near … Read more
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
Stock markets divide on Tuesday as investors dissolve official data showing US inflation hit a quadrennial high in March, increasing expectations that the Federal Reserve will act more aggressively to break rates. Oil rates, meanwhile, rush as Shanghai started to ease Covid restrictions and the OPEC group of crude-producing nations let down its forecast for international … Read more
KARACHI: The Pakistan equity market showed recovery on Friday as the political dustseemed to settle with the Supreme Court decision on National Assemblydissolution along with the State Bank of Pakistan (SBP) measures to stabilise therupee. Ananalyst at Arif Habib Limited said that the market witnessed a positivemomentum due to the much awaited decision from the … Read more
KARACHI: The equity market witnessed a dull trading session staying range-bound on Wednesday, managing to close in the green zone. “The stocks closed higher as the investor weight reports of UAE defer over $2 billion debt payments and speculations over a positive outcome of the Supreme Court hearing on the political crises,” Ahsan Mehanti at … Read more
KARACHI: The Pakistan bourse witnessed range bound activity on Friday due to the political unrest and rupee depreciation against the dollar. “Another dull day was witnessed at the market due to prevailing political noise. The KSE-100 Index remained in the green zone throughout the day while the main board activity remained dull,” an analyst at … Read more
KARACHI: The Pakistan equity market on Tuesday closed lower amid investors’ concerns over rupee falling to record low and political uncertainty. “The investors’ concerns over the current account deficit and higher import bills owing to surging global crude oil, coal and steel prices played a catalyst role in the bearish close,” Ahsan Mehanti at Arif … Read more
WASHINGTON: Top officials at the US Federal Reserve will be banned from holding individual stocks, bonds, cryptocurrencies and certain other investments under new rules adopted on Friday, after controversial trading activity led to high-profile resignations last year. Under the regulations adopted unanimously by the policy setting Federal Open Market Committee (FOMC), central bank leaders including … Read more
Bank Alfalah to expand earnings Bank Alfalah Limited’s balance-sheet is geared up to expand earnings in rising interest rate scenario, while higher concentration towards zero-cost deposits will restrict the cost of funds at manageable levels. Moreover, the net interest margins (NIMs) expansion is likely to continue in CY22 due to higher portion of shorter duration … Read more
PARIS: In the extravagant world of the French luxury industry, brands used to prefer destroying their unsold goods rather than offering their high-priced products at a discount. But gone are the days of binning the coats, handbags and shoes pooh-poohed by shoppers after a new anti-waste law came into force at the start of the … Read more
KARACHI: The Pakistan bourse managed to close in a green territory, as recovery was seen in the chemical and power sectors owing to the corporate results coupled with healthy dividend announcements. Ahsan Mehanti at Arif Habib Corp said that the stocks closed higher on strong financial results and record receipts in Roshan Digital Accounts (RDAs). … Read more
Interloop Limited plans expansion Despite dismal performance in the second quarter of FY22, Interloop Limited Pakistan (ILP) is favourite for expansion in the growing hosiery segment, improved prices in the international market and relative insulation against macroeconomic headwinds. The ILP’s much-awaited Hosiery Division V has successfully achieved CoD in the third quarter of FY22 with … Read more
Cnergy PK to acquire 57% stake in Puma Energy Cnergy PK (formerly Byco) is in its final talks to acquire majority stake of 57 per cent in Puma Energy (previously Admore). Cnergy has already intimated this matter in its notification to the stock exchange in December 2021, saying that the company is in negotiations with … Read more
NEW YORK: Crypto assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution, raising financial stability concerns. The market value of these novel assets rose to nearly $3 trillion in November from $620 billion in 2017, on soaring popularity among retail and … Read more
KARACHI: The share market recorded a decline of 170 points at the opening hours of trading on Thursday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is trading at 44,197 points from last day’s closing of 44,367 points. Market sources said that the index lost 170 points due to profit taking in early hours … Read more
KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 706 points at the opening of the market on Wednesday. The index, however, lost some points and was trading 43,964 points at 09.45am. The market closed at 43,246 points a day earlier. The market made a gain despite a policy rate increase by the … Read more
HONG KONG: Chinese real estate firm Shimao Group’s share price plunged to its lowest level in a decade on Tuesday, adding to the concerns over the country’s heavily indebted property sector. The Chinese property firms have struggled in the wake of Beijing’s drive last year to curb excessive debt in the real estate sector, as well … Read more
