Pound dropped below $1.19 on Tuesday for the first time since UK Covid shutdown in March 2020. A depreciating pound makes imports like food more expensive and raises the cost of gasoline. Additionally, it implies that British tourists who shop abroad get less for their money. As energy prices continue to rise, the pound has … Read more
KARACHI: The Pakistan bourse witnessed a bloodbath session on Friday due to the political unrest and rupee depreciation against the dollar. The market witnessed dull activity in the first session while across the board selling was observed in the second session due to the last working day of the week, an analyst at Arif Habib … Read more
RIYADH: The global index provider FTSE Russell said it will add Saudi Arabian local currency government Sukuk to the FTSE Emerging Markets Government Bond Index (EMGBI) after its market accessibility level was upgraded, Arab News reported. Riyal-denominated Sukuk will join the EMGBI from April 2022 and will comprise 2.75 per cent of the index on a market … Read more
