Stocks
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Market watch: Stocks advance on macroeconomic cues | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to post decent gains on Friday, as the benchmark KSE-100 index, after staying in positive territory throughout the day, added 117 points to close the week on a positive note. News reports about remittances hitting an all-time high at $2.8 billion in March 2022 were widely cheered by…
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Beaten-down growth stocks turn alluring for investors | The Express Tribune
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[ad_1] NEW YORK: Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as the Federal Reserve fights to slow the US economy and tame redhot inflation. Growth stocks – which have trounced their valued-focused peers over the last decade – have borne the brunt of the Federal Reserve’s…
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Global stocks slip, treasury yields rise | The Express Tribune
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[ad_1] NEW YORK: Stock indexes declined and benchmark US Treasury yields rose on Thursday as investors digested hawkish signals from the Federal Reserve, and the US dollar index was flat. Minutes released on Wednesday from the Fed’s March meeting reinforced concerns over inflation and suggested the US central bank’s balance sheet reduction could start next…
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Market watch: Stocks rally, but volumes hit 22-month low | The Express Tribune
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[ad_1] KARACHI: Despite the continuing political uncertainty and fast depreciating rupee, the Pakistan Stock Exchange managed to post decent gains on Wednesday but trading volumes remained thin. The market saw the volumes dip to around 22-month low, however, it remained in the green zone throughout the day. The benchmark KSE-100 index added 183 points and…
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Market watch: Stocks close flat amid profit-taking | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange managed to make some recovery on Tuesday, as sceptical investors were observed hunting for lucrative stocks, especially in cement and fertiliser sectors, amid a number of negative cues. The benchmark KSE-100 index, after recording range-bound trading, added 26 points to close in the green zone. The prevailing volatility on…
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Market watch: Stocks bleed as political mayhem continues | The Express Tribune
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[ad_1] KARACHI: The political melodrama wreaked havoc on the Pakistan stock market as the benchmark KSE-100 index slumped 1,250 points on the back of persistent uncertainty and the brewing constitutional crisis. The political tides turned on Sunday after National Assembly Deputy Speaker Qasim Khan Suri rejected the no-confidence motion against Prime Minister Imran Khan and…
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US stocks slip as optimism wanes | The Express Tribune
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[ad_1] NEW YORK: US stocks fell on Wednesday, as optimism around Ukraine-Russia peace talks waned and concerns grew over the prospect of a rapid rise in interest rates hurting economic growth. The Kremlin said there was no sign of a breakthrough yet, even though it welcomed Kyiv’s move to set out its demands in written…
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Market watch: Stocks fall in volatile trading | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange remained under the grip of volatility on Wednesday as the KSE-100 index had a topsy-turvy movement, driven by the transforming political scenario and the emerging developments prior to the no-confidence motion. Additionally, the rupee fared no better and lost further ground to close at a historic low against the…
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Market watch: Stocks rally amid clarity on political front | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange made a sharp recovery on Monday, as the benchmark KSE-100 index, after staying in negative territory for most part of the day, surged 382 points and ended just below the 44,000 mark. Market players finally hoped for an end to the prolonged political turbulence as Prime Minister Imran Khan…
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Oil prices jump, stocks fall over inflation, Russia concerns
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[ad_1] Photo: AFP LONDON: Oil prices surged while stock markets fell on Wednesday on renewed fears over Russian energy supplies and soaring inflation. Crude futures jumped more than 4% with Brent North Sea, the international benchmark, exceeding $120 per barrel. Russian Deputy Prime Minister Alexander Novak on Wednesday warned that a ban on Russian oil…
