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May 11, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Markets » Exchange

China tumult sends oil and stocks plunging
Exchange

China tumult sends oil and stocks plunging

Shares on major exchanges fell for a sixth consecutive day on Thursday while oil prices fell for a fourth day on Thursday, lurching again to 12-year lows as new financial market tumult in China brought a $30 per barrel handle within view. Oil has fallen e
Published 08 Jan, 2016 12:00am
Wall Street drops to three-month low; China, energy weigh
Exchange

Wall Street drops to three-month low; China, energy weigh

US stocks closed at their lowest level since early October on Wednesday, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices. Shares of oil majors Exxon and Chevron fell and the energy index drop
Published 08 Jan, 2016 12:00am
China tumult sends oil and stocks plunging
Exchange

China tumult sends oil and stocks plunging

Shares on major exchanges fell for a sixth consecutive day on Thursday while oil prices fell for a fourth day on Thursday, lurching again to 12-year lows as new financial market tumult in China brought a $30 per barrel handle within view. Oil has fallen e
Published 08 Jan, 2016 12:00am
Forex reserves down by $264 million
Exchange

Forex reserves down by $264 million

The country's total liquid foreign reserves fell by $264 million during the last week. According to State Bank of Pakistan (SBP) weekly foreign exchange reserves' report issued on Thursday, after reaching all time high level of $21 billion, the country's
Published 08 Jan, 2016 12:00am
Thursday's early trade: stocks hit by China tumult, oil slide
Exchange

Thursday's early trade: stocks hit by China tumult, oil slide

US stocks were lower on Thursday, but off their session lows, as market volatility in China and a relentless slide in oil prices unnerved investors, already jittery after a shaky start to the year. China allowed the biggest fall in the yuan in five months
Published 08 Jan, 2016 12:00am
China tumult sends oil and stocks plunging
Exchange

China tumult sends oil and stocks plunging

Shares on major exchanges fell for a sixth consecutive day on Thursday while oil prices fell for a fourth day on Thursday, lurching again to 12-year lows as new financial market tumult in China brought a $30 per barrel handle within view. Oil has fallen e
Published 08 Jan, 2016 12:00am
China's December forex fall largest ever seen
Exchange

China's December forex fall largest ever seen

China's foreign exchange reserves saw their biggest ever monthly drop in December, falling to a three year low, official figures showed, as the central bank sells dollars to prop up its currency. The country's foreign exchange stockpile, the world's bigge
Published 08 Jan, 2016 12:00am
Colombia tax reform set for 2016: finance minister
Exchange

Colombia tax reform set for 2016: finance minister

Colombia's government hopes to enact a structural reform designed to curb tax evasion this year and plans to issue $1.5 billion in global bonds during the first quarter, Finance Minister Mauricio Cardenas said on Wednesday. Tax changes are "about making s
Published 08 Jan, 2016 12:00am
US MIDDAY: gold jumps
Exchange

US MIDDAY: gold jumps

Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channeled money into safer assets for a fourth straight day after worries about the Chinese economy hit global stocks. Shares on major exchang
Published 08 Jan, 2016 12:00am
Indian held Kashmir chief minister dies
Exchange

Indian held Kashmir chief minister dies

Mufti Mohammad Sayeed, chief minister of India's occupied Kashmir region and one of the country's best-known Muslim politicians, died on Thursday, an official said. Sayeed died in hospital in New Delhi after being admitted on December 24 suffering from a
Published 08 Jan, 2016 12:00am
Palm oil falls
Vegetable Oil

Palm oil falls

Malaysian palm oil futures fell on Thursday, hitting a three-week low, due to weak export demand and a narrowing spread between the tropical oil and soyoil. The benchmark palm oil contract for March on the Bursa Malaysia Derivatives Exchange had dropped 1
Published 08 Jan, 2016 12:00am
Indian held Kashmir chief minister dies
Exchange

Indian held Kashmir chief minister dies

Mufti Mohammad Sayeed, chief minister of India's occupied Kashmir region and one of the country's best-known Muslim politicians, died on Thursday, an official said. Sayeed died in hospital in New Delhi after being admitted on December 24 suffering from a
Published 08 Jan, 2016 12:00am
Rubber rebounds
Exchange

Rubber rebounds

Benchmark Tokyo rubber futures rebounded on Thursday, snapping a 3-day losing streak, as investors covered short positions after the prices had dropped to fresh 7-year lows, but tumbling Shanghai stock prices and weaker oil prices capped gains. The Tokyo
Published 08 Jan, 2016 12:00am
PC gets three global awards in 2015
Exchange

PC gets three global awards in 2015

The Privatization Commission has made a hat-trick, as it has been awarded with three international awards in 2015 in recognition of its transactional work on the divestment of GoP shareholding in HBL and ABL. The awards have been awarded by The Asset, one
Published 08 Jan, 2016 12:00am
Copper hits lowest in nearly seven years, China dominates mood
Exchange

Copper hits lowest in nearly seven years, China dominates mood

Copper prices tumbled on Thursday, hitting their lowest in nearly seven years, as plunging equities in China highlighted the country's economic problems and reinforced concern about demand for industrial metals. Benchmark copper on the London Metal Exchan
Published 08 Jan, 2016 12:00am
SECP registers seven companies as book runners
Exchange

SECP registers seven companies as book runners

The Securities and Exchange Commission of Pakistan (SECP) registered seven companies as book runners under the Book Building Regulations, 2015, promulgated in accordance with Securities Act 2015. All the seven registered book runners are corporate brokera
Published 08 Jan, 2016 12:00am
Shanghai copper falls
Exchange

Shanghai copper falls

Shanghai Futures Exchange copper fell by 0.6 percent to 36,090 yuan ($5,473.5) a tonne on Thursday after China's stock markets tumbled limit down in early trade, fuelling concerns about the demand for industrial metals in the world's second biggest econom
Published 08 Jan, 2016 12:00am
Dar discusses exports to EU with envoy
Exchange

Dar discusses exports to EU with envoy

Ambassador of European Union (EU) to Pakistan Jean-Francois Cautain called on Minister for Finance Senator Ishaq Dar here Thursday and exchanged views on enhancing Pak-EU economic cooperation. The Minister briefed the Ambassador about the reforms undertak
Published 08 Jan, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,019 million as compared to PKR 4,183 million reported on Tuesday, an increase of 20 percent. The number of lots traded also increased by 12 percent to 18.76 million from 16.73 mi
Published 08 Jan, 2016 12:00am