market
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New govt hopes spur stock market | The Express Tribune
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PSX ‘switched off’ trading terminals of one brokerage house for violating NCB rules. PHOTO: FILE KARACHI: Pakistan Stock Exchange (PSX) surged nearly 3,000 points in the outgoing week in a rally spurred by an agreement among major political parties to…
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Market watch : Stocks slump over changing political scenario | The Express Tribune
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KARACHI: Pakistan Stock Exchange (PSX) on Thursday slid nearly 2% to around 61,000 points as the race among different political parties intensified for forming a new government, sparking worries among investors who refrained from building new positions. In the morning,…
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Major AI chips designer chases $30b market | The Express Tribune
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SAN FRANCISCO: Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to sources familiar with the company’s plans. The dominant global designer and supplier of…
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Black Friday: Was it 1869 US gold market crash or slaves’ clearance sale that started this tradition?
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Shoppers buy TV sets at a supermarket during a Black Friday sale in Sao Paulo, Brazil, November 23, 2023. — AFP When the phrase “Black Friday” was originally used, it wasn’t in reference to the post-Thanksgiving holiday shopping spree, but…
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Market watch: PSX hits new high, crosses 55k | The Express Tribune
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Pakistan Stock Exchange (PSX) on Friday skyrocketed to a new record high as it crossed the 55,000 milestone in the backdrop of technical review talks with the IMF and due to a reduction in bond yields and an increase in…
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Rupee shows resistance amid volatile market | The Express Tribune
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KARACHI: The Pakistani currency, in a defiant stance, held its ground near the Rs287 mark against the US dollar in the interbank market on Friday, marking the fourteenth consecutive day of resisting a significant drop. According to State Bank of…
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A lost decade for stock market investors | The Express Tribune
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KARACHI: If I tell you that the stock market index has just crossed 50,000, then it must not be news for you if you are still investing in the market and watching the index on a daily, if not hourly,…
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Military helps stifle currency black market | The Express Tribune
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KARACHI/PESHAWAR: When the military was called on to help defend the ailing rupee, licenced foreign exchange traders cheered while their black market rivals in the bazaars of Peshawar, Karachi and other cities shuttered their shops before they got taken away….
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US, China at each other’s throats for lion’s share of over $100b AI chip market
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Illustration of a semiconductor chip and OpenAI’s generative artificial intelligence platform GPT-4 – Unsplash/file Tremendous progress in artificial intelligence (AI) is leading to significant revenue generation due to increased demands in semiconductor production, which is expected to exceed $100 billion by 2027,…
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Rupee sheds over Re1 in interbank market
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A currency exchange dealer counts $100 bills in this undated picture. — AFP/File Rupee on Monday depreciated by over Re1 against the dollar in the interbank market. According to the State Bank of Pakistan (SBP), the rupee closed at Rs297.13…
