Stocks
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Stocks in global markets nosedive as Treasury yield hits 16-year high
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[ad_1] A currency dealer wearing a face mask monitors exchange rates in a trading room at KEB Hana Bank in Seoul. — AFP/File NEW YORK: Global stocks tumbled Tuesday after a closely watched US bond benchmark hit a 16-year high, exacerbating worries about elevated interest rates as the dollar briefly topped 150 yen. All three…
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Stocks take hammering as KSE-100 slumps massively amid economic uncertainty
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[ad_1] In this file photo, Pakistani stockbrokers watch the latest share prices on a digital board during a trading session at the Karachi Stock Exchange (KSE). — AFP/File KARACHI: Bears strengthened their hold on the Pakistan Stock Exchange (PSX) on Thursday as the benchmark index slumped massively over 1,200 points or more than 2% on…
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Stocks under pressure over rupee slide | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) landed in a bearish territory as investor pessimism enveloped the market over the latest round of rupee depreciation and a number of other discouraging developments, putting the benchmark KSE-100 index under constant pressure. The trading week commenced on a negative note when it slumped over 700 points following President…
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Stocks remain flat in range-bound trading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) endured a rangebound session on Wednesday, influenced by the rupee’s continuous fluctuation, weak corporate earnings and a rising power tariff. In the morning, the trading session began on a promising note reaching an intra-day high of 47,588.23 points, but soon it began stumbling over investor concerns about the poor…
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Stocks dragged down by nearly 780 points over investor pessimism | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) on Monday dived into the red zone as the KSE-100 index was marked by collective pessimism over the latest round of rupee depreciation coupled with disclosure of President’s statement regarding refusal to sign the Pakistan Army and Official Secrets Bills law. The market began on a positive note…
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Pakistan stocks rally as KSE-100 jumps over 700 points
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) jumped by more than 700 points on Friday after Morgan Stanley Capital International (MSCI) integrated 15 stocks into the…
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Stocks rally as Pakistan, IMF strike deal after nine-month delay
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[ad_1] An investor talks on his phone at the Pakistan Stock Exchange. — AFP/File KARACHI: Following Pakistan’s staff-level agreement with the International Monetary Fund (IMF) over the weekend, Pakistan Stock Exchange (PSX) Monday witnessed a bullish trend as the KSE-100 benchmark index gained over 2,000 points. The index opened in the green zone and remained…
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Stocks fall below 41,000 amid dull trading | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) on Friday witnessed a lacklustre trading session as investors refrained from taking fresh positions and the KSE-100 index closed below the 41,000-point mark with marginal losses. Investors kept a low profile and remained under pressure owing to multiple developments. Jittery players mainly stayed on sidelines in the first half…
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Adani group’s market losses hit $100b as stocks sink | The Express Tribune
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[ad_1] NEW DELHI: India’s Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, bringing its cumulative market capitalisation losses to $100 billion since last week’s short-seller attack. The withdrawal of Adani Enterprises’ (ADEL.NS) share sale marks a dramatic setback for Adani, the school…
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Bourse rallies, led by E&P stocks | The Express Tribune
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[ad_1] KARACHI: Pakistan’s stock market made a handsome recovery on Monday following previous week’s battering as government’s move to rein in the growing circular debt and a slight easing of political noise sparked optimism among investors. Market players welcomed the news of revising the circular debt management roadmap and the constitution of a committee to…
