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Stock Market Shoots Up by Over 900 Points

Stock Market Shoots Up by Over 900 Points

Friday, August 29, 2014 11:14

[caption id="attachment_38710" align="alignright" width="384"] Karachi Stock Exchange[/caption] A day after the an FIR was filed against 21 persons, including Prime Minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif, the Karachi Stock Exchange’s (KSE) benchmark 100-share ...

PC to Float Shares in the Midst of Political Chaos (OGDCL Divestment)

PC to Float Shares in the Midst of Political Chaos (OGDCL Divestment)

Thursday, August 28, 2014 13:24

[caption id="attachment_38677" align="alignright" width="384"] OGDCL[/caption] The government has decided to press ahead with the planned share float of Oil and Gas Development Company Limited (OGDCL) at the London Stock Exchange to raise about $850 million, throwing the most serious challenge ...

Rupee Hits Six-Month Record Low

Rupee Hits Six-Month Record Low

Tuesday, August 26, 2014 12:38

[caption id="attachment_38644" align="alignright" width="360"] Rupee[/caption] Pakistan’s beleaguered rupee, after a brief period of relative stability, hit a six-month low against the US dollar as country’s political crisis lingers on. In early Monday trade, the rupee lost 50 paisas against ...

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US Stocks hit Record Closing High After Data

US Stocks hit Record Closing High After Data

Friday, August 22, 2014 11:26

[caption id="attachment_38588" align="alignright" width="360"] US Stock[/caption] US stocks closed higher on Thursday, with the S&P 500 ending at a record on a flurry of positive economic data. Trading was light as investors waited for possible clues about interest ...

IMF links Next Loan Tranche With 4% Power Tariff Hike

IMF links Next Loan Tranche With 4% Power Tariff Hike

Tuesday, August 19, 2014 11:46

[caption id="attachment_38540" align="alignright" width="368"] IMF[/caption] The first signs of the deepening political crisis affecting Pakistan appeared on the foreign front on Monday, as International Monetary Fund (IMF) tied the approval of the next loan tranche with a 4% power ...

Lahore Chamber Discards Civil Disobedience Call

Lahore Chamber Discards Civil Disobedience Call

Tuesday, August 19, 2014 11:28

[caption id="attachment_38536" align="alignright" width="360"] Lahore Chamber of Commerce and Industry[/caption] The Lahore Chamber of Commerce and Industry, a representative body of city’s industrialists and traders, Monday rejected the call of ...

Oil Prices Rebound in Asia

Oil Prices Rebound in Asia

Saturday, August 16, 2014 11:08

[caption id="attachment_38481" align="alignright" width="360"] Oil Prices[/caption] Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said. US benchmark ...

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Karachi Stock Exchange Extends Losing Streak

Karachi Stock Exchange Extends Losing Streak

Tuesday, August 12, 2014 10:18

[caption id="attachment_38439" align="alignright" width="360"] Karachi Stock Exchange[/caption] Share prices at Karachi Stock Exchange (KSE) extended their free fall Tuesday as concerns over deteriorating political situation continued to weigh on the market. In early morning trade, ...

Karachi Stocks Crash Over 4pc on Political Uncertainty

Karachi Stocks Crash Over 4pc on Political Uncertainty

Monday, August 11, 2014 11:14

[caption id="attachment_38420" align="alignright" width="360"] Karachi Stock Exchange[/caption] Karachi stock prices crashed over 4 percent in early Monday trade as heavy across the board selling was seen by investors worried over political uncertainty in the country....

Asia Shares Worn Down by Wall St Oil Near 9-mth Low

Asia Shares Worn Down by Wall St Oil Near 9-mth Low

Wednesday, August 6, 2014 11:35

[caption id="attachment_38388" align="alignright" width="360"] Asian Stock Index[/caption] Asian stocks slipped on Wednesday while the U.S. dollar held firm after a slump on Wall Street and tensions over Ukraine instilled a mood of risk aversion across markets....

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