Stocks
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Diesel stocks swell toall-time high as sales fall | The Express Tribune
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[ad_1] ISLAMABAD: Inflated sales projection for high-speed diesel by the regulator has put Pakistan’s largest oil refinery, Pak Arab Refinery Limited (Parco), in a critical situation as its stocks have piled up to an all-time high due to low purchases from oil marketing companies (OMCs). The high demand estimate has created room for oil importing…
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Stocks zoom past all-time high above 86,400 in intraday trade
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[ad_1] A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Stocks stayed the winning course on Wednesday, reaching a record high of over 86,400 points, largely due to the finance minister’s affirmation that inflation and policy rates were anticipated to retreat to touch new lows,…
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Stocks soar by near 900 points in day trade as rate-cut bets gain traction
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[ad_1] A broker talks on a phone as he watches latest share prices at the Pakistan Stock Exchange in Karachi on January 27, 2023. — AFP Pakistan’s stocks on Tuesday surged by almost 900 points by midday, as investors continued to rush into rate-sensitive sectors amid hopes that the central bank’s monetary policy would see…
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Stocks rally past 82,000 mark as investors bet on IMF deal approval
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[ad_1] A man uses a mobile phone as he takes a photo of the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, on November 28, 2023. — Reuters Stocks hit a record high on Friday, with the benchmark index topping the 82,000 mark as investors binged on big names…
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Oil prices dip as US crude stocks rise | The Express Tribune
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[ad_1] HOUSTON: Oil prices edged lower on Wednesday after US crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in one of the world’s major regions for crude production eased slightly. Brent crude futures slipped 41 cents, or 0.5%, to $80.28 a barrel by 1436 GMT. US West…
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Asian markets lack direction as disappointing US tech earnings impact stocks; yen strengthens | The Express Tribune
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[ad_1] Asian stocks were subdued on Wednesday after lacklustre earnings from US tech behemoths Tesla and Alphabet dented sentiment, while the yen hit a six-week high ahead of a central bank meeting next week where a rate hike remains on the table. The US dollar was broadly firm, with traders watching out for an inflation reading on…
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Soaring stocks, collapsing economy | The Express Tribune
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[ad_1] KARACHI: Pakistan’s stock market is soaring and it just recently crossed a record high. This would normally be good news were it not for the fact that as the stock market soars the real economy is in freefall. There is near unbearable inflation and unemployment, interest rates are at record highs, the poor are…
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Pakistan stocks hit record high just shy of 74,000 points
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[ad_1] Pakistani traders stand beneath an electronic board displaying share prices at the Pakistani Stock Exchange (PSX). — INP/File KARACHI: Stocks on Monday briefly breached 74,000 points barrier amid reports Pakistan may sign a deal with International Monetary Fund (IMF) for a new four-year programme of up to $8 billion by end-July, traders said, but…
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Stocks post thin decline on profit-taking | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Thursday came under slightly downward pressure, sparked by institutional profit-taking in overbought stocks amid the ongoing corporate earnings season. In the morning, trading commenced on a positive note, reflecting the previous day’s growth momentum, and the KSE-100 index touched its intra-day high of 72,593.25 points around midday. Investor…
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Stocks soar to new high above 72k | The Express Tribune
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[ad_1] KARACHI: Bulls made a comeback at the Pakistan Stock Exchange (PSX) on Wednesday as the KSE-100 index touched a new peak above the 72,000-point mark over improved economic prospects. Earlier, trading began on an optimistic note and the KSE-100 index hit the intra-day high of 72,414.32 points in the initial hours as investor confidence…
