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Exchange

PSX hit by selling pressure: BRIndex100 rally stalls

KARACHI: Pakistan Stock Exchange on Friday closed on a negative note due to selling pressure as investors opted to...

Published 28 Nov, 2020 03:04am

Exchange

Experts term digital divide a major obstacle in boosting digital trade

ISLAMABAD: To address the existing digital divide and to promote digital trade in Pakistan, tax rationalization for...

Published 28 Nov, 2020 03:04am

Exchange

Pakistan, Saudi Arabia agree to deepen economic ties

ISLAMABAD: Pakistan and Saudi Arabia have agreed on further deepening bilateral trade and economic cooperation...

Published 28 Nov, 2020 03:04am

Exchange

ADB inks policy-based loan agreement worth $300 million

ISLAMABAD: The government of Pakistan and the Asian Development Bank (ADB) on Friday signed policy-based loan...

Published 28 Nov, 2020 03:04am

Exchange

Corporate farming: PM seeks proposals on how to boost agriculture productivity

ISLAMABAD: Prime Minister Imran Khan on Friday sought proposals from industrialists on corporate farming to increase...

Published 28 Nov, 2020 03:04am

Exchange

UniCredit working with GS, JPM as strategic advisers

Unicredit to update business plan in Q2 2021.
GS-JPM would also advice on Monte Paschi in case of a deal.
Treasury is preparing incentives to lure a buyer.

Published 28 Nov, 2020 12:47am

Commodities

Copper hits 7-1/2-year peak as companies and speculators buy

LME nickel and lead touch one-year highs.
Zinc hits highest since May 2019.
Copper on track to hit $8,000 on technicals –analyst.

Published 28 Nov, 2020 12:39am

Forex

Nigeria naira hits record low on futures market for five-year settlement

The central bank weakened the currency on the derivatives market, traders said.
We have been trying to take measures to close the gap and the progress is not as much as we hope.

Published 28 Nov, 2020 12:37am

Exchange

Fitch downgrades Sri Lanka on rising default risk

Sri Lanka relies on tourism and garment exports for foreign exchange reserves. It's been hit hard by the pandemic.
We think there are now increasing risks to Sri Lanka's ability to meet its external debt repayments.

Published 28 Nov, 2020 12:25am

Exchange

Paris wheat consolidates, cash prices stay firm on export run

March milling wheat, the most active contract on the Paris-based Euronext exchange, settled 0.25 euros, or 0.1%, lower at 210.00 euros ($250.99) a tonne.

Published 28 Nov, 2020 12:19am

Exchange

French tycoon Xavier Niel could launch SPAC company next week

The plan is expected to be announced as soon as Monday.
Deutsche Bank and Societe Generale are advising Niel on the deal.

Published 28 Nov, 2020 12:15am

Stocks

Wall St gains, Nasdaq hits record high as holiday shopping begins

Black Friday kicks off in abbreviated session.
Disney drops after layoffs announcement.
S&P, Dow, Nasdaq up for the week.
Indexes up: Dow 0.13%, S&P 0.24%, Nasdaq 0.92%.

Published 28 Nov, 2020 12:09am

Exchange

PM seeks proposals from industrialists to launch corporate farming at larger scale

The national development and prosperity was linked with the development of business community, he said while talking to a delegation of leading industrialists and businessmen here.

Published 27 Nov, 2020 08:36pm

Exchange

FM Qureshi, Saudi counterpart discuss bilateral relations, regional issues in Niamey

The two foreign ministers discussed the OIC’s importance as the vital platform for Muslim Ummah and its role in the advancement of the Kashmir cause.

Published 27 Nov, 2020 08:29pm

Exchange

Copper hits multi-year peak as companies and speculators buy

Three-month copper on the London Metal Exchange (LME)gained 1pc to $7,476.50 a tonne in official trading after hitting its highest since May 2013 at $7,511.

Published 27 Nov, 2020 06:33pm

Exchange

Rupee slides against dollar

Meanwhile, according to Forex Association of Pakistan, the buying and selling rates of dollar in the open market were recorded at Rs. 159.5 and Rs. 160.5 respectively.

Published 27 Nov, 2020 06:00pm

Exchange

ADB to provide $300mn for macroeconomic stability in Pakistan

“ADB’s program will support these efforts and help Pakistan to improve its export competitiveness—now more important than ever given the impacts of the pandemic.”

Published 27 Nov, 2020 05:55pm

Exchange

Five ‘dacoits’ killed in Karachi shootout: Police

"Five suspects were killed during an exchange of fire. Weapons were also recovered from the suspects," the SHO said.

Published 27 Nov, 2020 05:51pm

Exchange

OIC session: Foreign ministers of Turkey, Saudi Arabia and Nigeria raise IIOJK dispute

Foreign Affairs Ministry states that Pakistan appreciates the envoys of Muslim states for highlighting Indian Illegally Occupied Jammu and Kashmir issue in their statements

Updated 27 Nov, 2020 05:10pm

Commodities

London copper hits near 7-1/2-yr high, set for weekly gain on recovery hopes

LME copper has leapt 71pc from the March low of $4,371 a tonne on hopes of global activities soon returning to normal following positive vaccine trial results.

Published 27 Nov, 2020 04:28pm

Exchange

Gold on track for weekly fall as investors overlook vaccine doubts

Spot gold fell 0.1pc to $1,808.90 per ounce by 0751 GMT, down 3.3pc on the week. U.S. gold futures rose 0.1pc to $1,806.80.

Published 27 Nov, 2020 04:21pm

Currency

Russian rouble slips on declining oil price as vaccine rally wanes

At 0739 GMT, the rouble was down 0.2pc against the dollar at 75.89, edging away from its highest mark in nearly 10 weeks of 75.3025, reached on Thursday.

Published 27 Nov, 2020 04:18pm

Currency

Turkey central bank lifts lira by dumping another credit rule

The central bank had previously linked reserve requirement ratios and remuneration rates to loan growth, which had spurred lending and economic growth.

Published 27 Nov, 2020 03:40pm

Exchange

Kenyan central bank cuts 2020 growth outlook as coronavirus hits home

The central bank now expects growth of 1.3pc, down from its September forecast of 3.1pc, bank governor Patrick Njoroge told an online news conference.

Published 27 Nov, 2020 03:23pm

Exchange

Ostriches at KSE-100?

Sometimes it feels that ostriches, and not only bulls and bears, exist at stock exchanges. Granted that markets are...

Published 27 Nov, 2020 07:30am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...