Stocks
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Bulls snatch control as stocks rally | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday enjoyed a handsome rally amid heavy trading as it crossed 66,000 points on the back of investor hopes ahead of International Monetary Fund’s (IMF) board meeting for loan approval and an increase in the State Bank’s foreign currency reserves. In the morning, when trading commenced, the market…
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Stocks retreat, fall below historic 54,000-mark
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[ad_1] Stock broker monitor television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday jumped to a historic high — shooting past 54,000 points — but dropped at close, ending its days-long winning streak. The KSE-100 index touched…
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Global stocks set for best week in a year | The Express Tribune
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[ad_1] LONDON/SINGAPORE: Global stocks were on track for their biggest weekly rise in a year on Friday as investors cheered a pause in US interest rate hikes, while the dollar was on the back foot. Trading on Friday was relatively subdued, however, as investors awaited key US employment data later in the day. The MSCI…
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Global stocks retreat, economies rattled as Israel-Hamas war threatens global growth
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[ad_1] A Palestinian flag is seen on the rubble of a building destroyed in Israeli airstrikes in Gaza City’s Rimal district, Palestine, Oct. 10, 2023. — AFP Global stock markets plummeted on Thursday as investors grew increasingly uneasy ahead of the European Central Bank’s interest rate decision and important US data amid Israel-Hamas war. Asia…
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Global stocks fall, US bond yield rise as Israel gears up for major ground assault
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[ad_1] Artillery shells are lined up next to an armoured vehicle as Israeli soldiers take positions near the border with Gaza in southern Israel on October 9. — AFP A regional dispute in occupied Palestine and concerns that US interest rates would stay high for longer than initially anticipated caused stock markets to decline on…
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Strong macros toss Pakistan stocks to highest in over 6 years
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[ad_1] A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks rallied Friday as the bulls pushed the market by over 300 points and it crossed the 50,700 barrier, its highest since May 2017, as investors seemed satisfied with the…
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Stocks surge past 50,000-point barrier | The Express Tribune
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[ad_1] KARACHI: Bulls were back in driving seat at the Pakistan Stock Exchange (PSX) on Thursday as the market surged over 900 points and comfortably crossed the 50,000 barrier over expectations of a decrease in State Bank’s policy rate in the next monetary policy announcement. Though trading began on a positive note, the KSE-100 index…
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Israel-Hamas war: Oil prices rise, global stocks fall as humanitarian crisis worsens in Gaza
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[ad_1] A Palestinian youth looks for salvageable items amid the rubble of the Kuhail building, which was destroyed in an early morning Israeli airstrike on Gaza City on Tuesday. — AFP Oil prices rose and global stocks largely fell on Wednesday, in response to concerns that the Israel-Hamas dispute could escalate into regional warfare following…
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Israel-Hamas hostilities drag down US stocks amid rising inflation fears
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[ad_1] Palestinian militants fire rockets toward Israel from Rafah, southern Gaza Strip, on Oct. 11, 2023. — AFP Wall Street stocks mainly fell on Friday, capping a turbulent week in which investors evaluated bank earnings, worried about inflation, and appraised Israel-Hamas hostilities. The Dow Jones Industrial Average edged up 0.1% to 33,670.29, while the broad-based…
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US stocks feel heat as Israel-Hamas war feared to set Middle East on fire
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[ad_1] A missile explodes in Gaza City during an Israeli air strike on October 8, 2023. — AFP Wall Street stocks dropped, following a shocking attack by the Palestinian group Hamas and Israel’s air strikes on Gaza resulting in the death of 1,500 people on Monday. At least 1,000 people have been killed on the…
