Shares rally more than 450 points at PSX – Business
Shares at the Pakistam Stock Exchange (PSX) traded in the green on Wednesday as stocks gained 500 points in early morning trade, with analysts attributing the rally to “robust results” of companies and clarity on government formation. The benchmark KSE-100 index gained 507.79, or 0.8 per cent, to stand at 63,726.88 at 11:46am from the […]
Shares rally 500 points at PSX in intraday trade – Business
Shares at the Pakistam Stock Exchange (PSX) traded in the green on Wednesday as stocks gained 500 points in early morning trade, with analysts attributing the rally to “robust results” of companies and clarity on government formation. The benchmark KSE-100 index gained 507.79, or 0.8 per cent, to stand at 63,726.88 at 11:46am from the […]
‘Controversial’ polls, ‘weak’ coalition govt to pose economic challenges: Moody’s – Business
ISLAMABAD: Moody’s Investors Service on Tuesday kept Pakistan’s ratings unchanged at ‘Caa3’ with a stable outlook but highlighted that significantly high risks of liquidity and external vulnerability challenges following highly controversial elections, severely constrained decision-making capacity of the coalition government-in-waiting. The international rating agency — one of the top three global rating firms — said […]
Nepra okays record fuel cost adjustment after govt ‘arm twisting’ – Business
ISLAMABAD: Days after ordering a probe into the record fuel cost adjustment (FCA) demanded by distribution companies, the power regulator approved the hike, which will put an additional strain of Rs55 billion on electricity users. In a remarkable turnaround on its proclamations, the National Electric Power Regulatory Authority (Nepra) notified the additional fuel cost adjustment […]
Bullish momentum continues at PSX as shares rally 900 points in intraday trade – Business
Shares at the Pakistan Stock Exchange (PSX) traded in the green on Monday, gaining over 900 points in intraday trade, with the analysts attributing the ongoing trend to clarity on the government structure. The KSE-100 index gained 904.03, or 1.44 per cent, to stand at 63,719.84 at 1:03pm from the previous close of 62,815.81. Mohammed […]
Bullish momentum continues at PSX as shares rally 700 points in intraday trade – Business
Shares at the Pakistan Stock Exchange (PSX) traded in the green on Monday, gaining over 600 points in intraday trade, with the analysts attributing the ongoing trend to clarity on the government structure. The KSE-100 index gained 682.82, or 1.09 per cent, to stand at 63,498.63 at 11:16am from the previous close of 62,815.81. Mohammed […]
Voter turnout’s weak link with the economy – Business
People were determined to vote in the 2024 elections. However, despite the increase in absolute terms, voter turnout dipped in terms of percentage. Harsh winter in parts of the country, fears of violence and terrorism in KP and Balochistan, as well as uncertainty about the conduct of elections, may have also adversely affected the turnout, […]
Qatar plans new gas output boost amid global price collapse – Business
Qatar will further raise gas production despite a steep drop in global gas prices, pushing ahead with plans to extract more of the resource amidst fierce competition with rivals such as the United States. QatarEnergy chief Saad al-Kaabi announced on Sunday a new expansion of its liquefied natural gas production that will add a further […]
Shares at PSX rally 900 points after IMF signals readiness to work with new govt – Business
Bulls dominated the trading floor of the Pakistan Stock Exchange (PSX) on Friday as shares gained over 900 points, which analysts attributed to the International Monetary Fund (IMF) signaling its readiness to engage with the new government. The benchmark KSE-100 index gained over 901.47, or 1.46 per cent, to close at 62,815.81 from the previous […]
IMF looking forward to working with new govt to ensure macroeconomic stability: official – Business
A day after the PTI said founder Imran Khan would write to the International Monetary Fund (IMF) urging it to call for an independent audit of the Feb 8 general elections, the Fund stated that it is looking forward to engaging with the new government on policies to ensure “macroeconomic stability and prosperity for all […]