PSX opens week on bullish note as KSE-100 gains 2,800 points during intraday trade – Business
The Pakistan Stock Exchange’s (PSX) benchmark index began the week on a strong note on Monday, gaining 2,800 points during intraday trade. The KSE-100 index gained 2,870 points to reach 170,714 points from the previous close of 167,844.24 points at 9:39am. The development comes amid hopes that a deal between the United States and Iran […]
PSX gains over 2,500 points as US-Iran peace hopes fuel bullish rally
KSE-100 surges past 170,000 intraday on strong institutional buying, easing geopolitical tensions KARACHI: The Pakistan Stock Exchange (PSX) extended strong bullish momentum on Monday as the benchmark KSE-100 Index hovered around 170,423.30 points at 1:24pm, up 2,579.06 points or 1.54% in intraday trade. During the session, the benchmark index touched an intraday high of 171,519.26 […]
Oil prices rise as investors doubt breakthrough in US-Iran peace talks – Business
Oil prices climbed on Friday but were on track for a weekly loss as investors doubted the prospects of a breakthrough in US-Iran peace talks. Brent crude futures rose $1.66, or 1.6 per cent, to $104.24 a barrel by 0405 GMT, while US West Texas Intermediate futures were up $1.11, or 1.2pc, at $97.46. On […]
Will AI kill your job? – Business
ECONOMIC progress does not exhibit a linear trajectory. Episodes of abundance and prosperity sit alongside instances of pessimism and hardship. Today’s world is no different. Aside from the glumness unleashed by the recent US-Iran war and its repercussions, perpetual anxiety seems to have enveloped the economic landscape since at least a decade or more. And […]
Govt to issue commemorative coin to mark 75th anniversary of diplomatic ties with China – Business
The government has decided to issue a commemorative coin to mark the 75th anniversary of diplomatic relations with China. In a press release, the State Bank of Pakistan (SBP) said the Rs75 coin will be available to the general public from May 25 (Monday) through the exchange counters at the field offices of SBP Banking […]
IMF wraps up Pakistan visit following talks with authorities on reforms, budget – Business
The International Monetary Fund (IMF) mission visiting Pakistan has concluded talks with authorities focusing on economic developments, fiscal plans for the next financial year, and progress on reforms under the country’s IMF-supported programmes, the international money lender said in a statement issued early on Thursday. The statement said that the mission visited Islamabad from May […]
PSX gains 1,900 points during intraday trade, maintaining renewed buying – Business
The Pakistan Stock Exchange (PSX) on Wednesday maintained its renewed bullish momentum as the market gained over 1,900 points during intraday trade. The benchmark KSE-100 index gained 1,934.74 points or 1.19 per cent to stand at 164,831.42 points at 3:44pm from the previous close of 162,896.68. The gains came a day after PSX snapped a […]
KSE-100 rises 715 points as buying activity picks up across key sectors
Index touches intraday high of 163,814 amid positive investor sentiment, easing oil prices KARACHI: The Pakistan Stock Exchange (PSX) witnessed a cautious yet positive start to Wednesday’s trading session, with the benchmark KSE-100 Index showing early signs of stability amid improving investor sentiment. The benchmark KSE-100 Index was trading at 163,611.87 with gains of 715.19 […]
PSX plunges by nearly 3,800 points as investors remain cautious amid geopolitical tensions – Business
The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by nearly 3,800 points. The KSE-100 index declined by 3,791.05 points or 2.29 per cent to close at 161,805.02 points from the previous close of 165,596.07. The market traded in red the entire day, recording an intraday […]
PSX loses 2,000 points during intraday trade as bearish momentum persists – Business
The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by over 2,000 points during intraday trade. The KSE-100 index declined by 2,171.16 points or 1.31 per cent to stand at 163,424.91 points from the previous close of 165,596.07 points. Most Asian shares were lower in morning […]