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Cryptocurrency

Wall Street inches higher as weekly jobless claims dip

The number of Americans filing new claims for jobless benefits stayed below 500,000 for a third straight week, the lowest level since March 2020.

Published 27 May, 2021 11:10pm

Business & Finance

Bitcoin climbs above $40,000

NEW YORK: Bitcoin climbed back above $40,000 on Wednesday for the first time this week, before edging off its highs,...

Published 27 May, 2021 03:40am

Business & Finance

EXCLUSIVE HSBC CEO says Bitcoin not for us

"For similar reasons we're not rushing into stablecoins," he said, referring to digital currencies such as Tether that seek to avoid the volatility typically associated with cryptocurrencies by pegging their value to assets such as the U.S. dollar.

Published 24 May, 2021 08:40pm

Markets

Asia shares wary on US inflation, Bitcoin struggles to steady

Nikkei inches up 0.2%, S&P futures shade firmer.
Eyes on U.S. inflation, Fed speakers for tapering clues.
Bitcoin savaged as China clamps down on crypto mining.

Published 24 May, 2021 11:01am

Business & Finance

Bitcoin falls 10pc to $33,747, ether down 14percent

LONDON: Bitcoin dipped 10% to $33,747.21 at 1400 GMT (10 a.m. ET) on Sunday, losing $3,753.33 from its previous...

Updated 24 May, 2021 08:29am

World

Musk says he supports crypto in battle with fiat money

NEW YORK: Tesla Inc Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and...

Published 23 May, 2021 03:06am

Markets

Dollar rises on upbeat U.S. manufacturing data

The U.S. currency found some support after data showed U.S. factory activity gathered speed in early May amid strong domestic demand.

Published 22 May, 2021 12:57am

Markets

Futures extend recovery ahead of US business surveys

Futures up: Dow 0.30%, S&P 0.26%, Nasdaq 0.21%.
Dow e-minis were up 103 points, or 0.3%, S&P 500 e-minis were up 10.75 points, or 0.26%, and Nasdaq 100 e-minis were up 28 points, or 0.21%.

Published 21 May, 2021 04:56pm

Business & Finance

US targets cryptocurrency as Biden administration unveils tax proposals

"As with cash transactions, businesses that receive cryptoassets with a fair market value of more than $10,000 would also be reported on," the Treasury Department said in the report.

Published 21 May, 2021 02:37pm

Business & Finance

Bitcoin’s star backers, dip buyers drive crypto recovery rally

LONDON/TOKYO: Bitcoin rose nearly 10% in a recovery rally that pushed it back above $40,000 on Thursday, a day after...

Updated 21 May, 2021 09:44am

Business & Finance

Bank of Canada says cryptoassets' volatility is obstacle to payment acceptance

"Price volatility stemming from speculative demand remains an important obstacle to the wide acceptance of cryptoassets as a means of payment," it said.
Bitcoin, the biggest and most popular cryptocurrency rose nearly 14% on Thursday to $42,000, after plunging 14% a day earlier to its lowest since late January.

Published 20 May, 2021 09:07pm

Markets

Stocks tick higher despite tapering talk; cryptos bounce after beating

Pressure remains on bitcoin, cryptos after crash
Europe helps world stocks wobble higher
Dollar stalls after tapering talk lift
Commodities drop as China vows to crackdown on speculation
Colombia stripped of prized investment grade status by S&P.

Published 20 May, 2021 06:13pm

Business & Finance

Bitcoin tumble slows with help from Elon Musk

China, which powers nearly 80 percent of the global cryptocurrency trade, relies on a particularly polluting type of coal, lignite, to power some of its mining.

Updated 20 May, 2021 05:57pm

Business & Finance

Bitcoin, ethereum plunge as sell-off smashes crypto sector

NEW YORK: Bitcoin and ether tumbled on Wednesday to 3-1/2 month lows, on track to post their largest one-day loss...

Updated 20 May, 2021 09:22am

Markets

Bitcoin drops to lowest since Jan; stocks fall before Fed minutes

The pan-European STOXX 600 index lost 1.52pc and MSCI's gauge of stocks across the globe shed 1.05pc.

Published 19 May, 2021 11:10pm

Markets

Bitcoin, ethereum plunge; crypto market cap losses nearly $1 trillion

The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services.
Bitcoin dropped to $30,066, the lowest since late January. It was last down 22% at $33,502. The most popular cryptocurrency posted its largest one-day loss since March 2020.

Published 19 May, 2021 08:12pm

Technology

KP appoints Waqar Zaka as cryptocurrency expert

Zaka has been appointed by the provincial government as an expert in an advisory committee overseeing its digital assets including cryptocurrency and cryptomining.

Published 17 May, 2021 02:22pm

Markets

Dollar gains on Asia's virus worry; cryptocurrencies slide on Musk tweet

Things are travelling in the opposite direction in Asia where some early leaders in taming the pandemic are now dealing with new outbreaks.

Published 17 May, 2021 11:05am

Business & Finance

Crypto exchange operator Huobi launches $100m venture unit

HONG KONG: Cryptocurrency exchange operator Huobi Group has launched an investment arm with $100 million to spend,...

Updated 17 May, 2021 09:58am

Business & Finance

Digital coin ether hits record high as 2021 gains near 500pc

LONDON: Cryptocurrency ether hit a record high on Wednesday, taking gains this year to almost 500% on the back of a...

Published 13 May, 2021 03:10am

Markets

Digital coin ether hits record high as 2021 gains near 500pc

Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2%. Bitcoin was down a touch at $56,240.
US bank J.P. Morgan on Wednesday said the pace of evolution in the ethereum market has "remained rapid" and that there was still room for growth.

Published 12 May, 2021 05:08pm

Business & Finance

Second-biggest cryptocurrency ethereum breaks $4,000 to hit record high

LONDON/SINGAPORE: Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a...

Updated 11 May, 2021 10:12am

Business & Finance

Dogecoin loses third of price after Elon Musk calls it a ‘hustle’

NEW YORK: Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter ...

Updated 10 May, 2021 10:18am

Business & Finance

Cryptocurrency ethereum is flourishing but risks linger

NEW YORK: Ethereum has outperformed major digital currency rivals this year, bolstered by the surge in decentralized...

Updated 10 May, 2021 10:18am

Business & Finance

Ether rises to new record high

NEW YORK/LONDON: Ether, the world’s second largest crypto currency after Bitcoin, on Thursday rose to a record ...

Updated 07 May, 2021 10:01am

Technology

PayPal earnings soar on e-commerce boom

PayPal shares were up slightly more than 4 percent in after-market trades that followed release of the earnings report.

Published 06 May, 2021 11:06am

Markets

S&P Dow Jones opens cryptocurrency indexes

NEW YORK: The S&P Dow Jones Indices launched new cryptocurrency indexes, it said on Tuesday, further...

Published 05 May, 2021 04:01am

Business & Finance

Economic downturn fueling Argentine crypto craze

In Argentina, crypto-investors tend to be people who are risk averse, said Emiliano Limia.

Published 04 May, 2021 10:51am

Markets

Govt, industry push bitcoin regulation to fight ransomware scourge

SAN FRANCISCO: Government and industry officials confronting an epidemic of ransomware, where hackers freeze the...

Published 03 May, 2021 04:39am

Markets

Bitcoin extends gain on reports of JPMorgan fund

The cryptocurrency had slumped almost a fifth from its all-time high hit earlier this month.
It was last up 9.5% at $53,792.0 after touching its lowest since early March on Sunday. Other major coins ethereum and XRP, which tend to move in tandem with bitcoin, were up around 7.7% and 20.4% respectively.

Published 26 Apr, 2021 08:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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