market
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China’s forex market transacts 19.45 trillion yuan in January | The Express Tribune
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[ad_1] BEIJING: China’s foreign exchange (forex) market recorded transactions of 19.45 trillion yuan, equivalent to 3.06 trillion US dollars, in January, official data showed Friday. Specifically, the transaction volume of the client market totalled 3.32 trillion yuan last month, while that of the interbank market was 16.13 trillion yuan, said the State Administration of Foreign…
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Market watch: Ukraine crisis batters KSE-100 index | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange felt the heat of the geopolitical tensions on Thursday and the KSE-100 index dived over 1,300 points, fuelled by Russia’s attack on Ukraine. Ukraine Foreign Minister Dmytro Kuleba confirmed in a tweet that Russia had launched a full-scale invasion of Ukraine and Kremlin was targeting cities with weapon strikes.…
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Market watch: Stocks rise, aided by IT sector package | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange staged a rebound on Wednesday as the KSE-100 index climbed 121 points, aided by investor interest in technology stocks. The approval of an incentive package for the IT industry by Prime Minister Imran Khan triggered bullish activity in the technology sector, where stocks were in the limelight throughout the…
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Market watch: Stocks fall as global crude oil rises | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange extended losses on Tuesday, as jittery investors took cue from the global equities’ sell-off amid rising geopolitical tensions that lifted international crude oil prices. The benchmark KSE-100 index, in the absence of any positive triggers, stayed in the red zone throughout the session. Index heavyweight sectors, mainly technology and cement,…
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Market watch: Geopolitical turmoil takes toll on bourse | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange witnessed a dreary session on Monday, as the benchmark KSE-100 index lingered in negative territory for most of the day and finally closed lower by 313 points. Taking cue from the bearish global equities due to prevailing tensions between Russia and Ukraine, Pakistan’s bourse remained under pressure and market players…
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Oil rises as tight market looks to Russian-Western diplomacy | The Express Tribune
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[ad_1] LONDON: Oil prices rose on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crude futures were up $0.41, or 0.4%, at $93.95 a barrel at 1225 GMT. US West Texas Intermediate (WTI) crude futures rose $0.49,…
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Market watch: Stocks recover on Wacog bill approval | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to record a decent rally on Friday as the benchmark KSE-100 index, after staying in the green zone throughout the day, added 235 points to close the week on a positive note. The investors particularly cheered the Senate’s nod on the long-pending legislation to implement the weighted average…
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Market watch: Stocks extend losses over inflation concerns | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange extended losses on Thursday as the KSE-100 index shed 244 points, driven by pessimism over fuel price hike coupled with announcement of poor corporate results by some companies. The market was reeling from the sharp spike in prices of petroleum products, which sparked fears of acceleration in the inflation rate.…
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Market watch: Petroleum price hike pulls stocks down | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange on Wednesday experienced a tumultuous session as the KSE-100 index traded on both sides of the fence and closed the day on a negative note. A massive increase in petroleum prices by the government impacted investor sentiment, which kept trading in a narrow range. As inflation reading was expected…
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Market watch: Stocks rise as geopolitical dust settles | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange witnessed a topsy-turvy session on Tuesday, as the benchmark KSE-100 index after oscillating in a narrow range managed to post decent gains in the end. Anxious investors took a sigh of relief on news that Russian troops were pulled back from Ukraine’s border, which also eased the pressure on…
