Earnings, global markets help PSX recover | The Express Tribune
KARACHI: Pakistan Stock Exchange (PSX), after coming under pressure initially, rebounded and closed with a modest rise of nearly 350 points in the outgoing week as investor interest grew in the face of robust corporate results and recovery in global equities. At the beginning, the market’s momentum was largely influenced by investor hesitation, caused by […]
PSX continues to recover from bearish trend as KSE-100 index climbs 575 points | The Express Tribune
Listen to article KARACHI: The Pakistan Stock Exchange (PSX) rallied on Friday, with the KSE-100 index surging by approximately 575.92 points, showing 0.73%, from the previous day’s close, reaching 78,450.14 in early trading. After experiencing volatility last week, the bulls experienced a dip on Monday with the KSE-100 index losing 1,141 points during intra-day trading. The stocks […]
Inflows help rupee recover against USD in interbank market | The Express Tribune
KARACHI: The Pakistani currency improved by Rs2.14 to Rs275.34 against the US dollar in the interbank market on Thursday morning after the IMF executive board gave final approval for the $3 billion loan program for Pakistan. Market reports suggest that the currency had briefly gained Rs5.47 and recovered to Rs272 against the greenback in the early […]
PSO to recover Rs594b in circular debt | The Express Tribune
ISLAMABAD: The supply of expensive liquefied natural gas (LNG), during the past four seasons, to domestic consumers has resulted in a steep hike in circular debt, trapping gas-utilities and Pakistan State Oil (PSO). The gas sector is currently facing circular debt of Rs1.5 trillion, with LNG being the major contributing force. Additionally, captive powerplants and […]
European stock markets struggle to recover
European stock markets struggle to mount a rebound. Photo: AFP/file LONDON: European stock markets struggled to mount a rebound Wednesday as investors weighed the fallout from surging inflation, higher interest rates, China’s economic slowdown and the Ukraine war. After climbing Monday, global equities retreated Tuesday as volatility grips financial markets. A series of weak indicators […]
Market watch: Stocks recover in lacklustre trading | The Express Tribune
KARACHI: The Pakistan Stock Exchange witnessed a lacklustre trading session on Tuesday, where the benchmark KSE-100 index, after oscillating in a narrow range, finally managed to add some points to close the day in the green zone. Prevailing political and economic uncertainties continued to take a toll on investors’ interests as they profoundly awaited a […]
Global tourism to recover from pandemic by 2023 | The Express Tribune
MANILA: The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global gross domestic product (GDP) growth, the World Travel and Tourism Council (WTTC) said on Thursday. The industry is expected to post an annual average growth rate of 5.8% from 2022 […]
Market watch: Stocks rally as global equities recover | The Express Tribune
KARACHI: The Pakistan Stock Exchange on Friday got some relief from yesterday’s free fall and recovered slightly as a rebound in global equity markets and slide in international crude oil prices revived the interest of nervous investors. The benchmark KSE-100 index, despite minor fluctuations, mostly stayed in the positive territory to close last day of […]
Market watch: Stocks recover on Wacog bill approval | The Express Tribune
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 cost […]