KARACHI: The KSE-100 Index started the week in the red, ending 294 points lower amid lack of positive triggers and profit-booking on Monday. Trading began on a positive note with the KSE-100 rising to an intra-day high of 43,900, but lack of interest on the part of institutional investors and profit-booking...
KARACHI: "Matco Foods Limited, one of Pakistan's largest Basmati rice exporter was formally listed on today on the Pakistan Stock Exchange (PSX)", said Faizan Ghori (CFA), Director of Finance. The Gong Ceremony on the occasion of formal listing of Matco Foods Limited was held today at the PSX, with Jawed...
TOKYO: Japan's Nikkei share average edged up on Wednesday in choppy trade as chip stocks and other exporters were boosted by steady dollar-yen levels, offsetting weakness in financial stocks such as insurers, brokers and banks. The Nikkei ended 0.3 percent higher to 21,970.81, after moving in and out of negative...
KARACHI: Stocks rebounded sharply following Tuesday’s panic selling as the benchmark index gained to close above the 44,000 mark. The KSE-100 Index shot up as soon as trading began, increasing 414 points to hit an intra-day high of 44,299.87. The positivity came on the back of recovery in international markets, which...
TOKYO: Japan's Nikkei share average rose significantly on Thursday as investors bought back recently-battered stocks after U.S. markets climbed overnight, shrugging off stronger-than-expected inflation data. The Nikkei ended 1.5 percent higher at 21,464.98, after tumbling to a four-month low on Wednesday and briefly dipping below its 200-day moving average. A total...
TOKYO: Tokyo stocks rose on Friday in light trade as receding fears of more aggressive U.S. interest rate hikes boosted sentiment, with defensive shares such as construction and utilities outperforming. The benchmark Nikkei ended 0.7 percent higher at 21,892.78. For the week, it was up 0.8 percent, rising for two...
NEW YORK: Oil prices fell on Friday, but Brent crude was on track for a sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran. Brent futures LCOc1 for July delivery fell 26 cents, 0.3 percent, to $79.04 a barrel, by...
TOKYO: Japanese stocks pulled back from a recent 3-1/2 month high on Tuesday, hit by profit-taking, though bank shares staged a rally on hopes of strong earnings for the sector. The Nikkei share average ended 0.2 percent lower to 22,818.02 after trading in positive territory in early trade. Traders said with...
European stocks bounce sees Swiss index, FTSE hit records LONDON: European shares powered higher on Friday, with the British and Swiss benchmarks hitting records, propelled by optimism for a strengthening regional economy and gains in U.S. equities overnight. The pan-European STOXX 600 index was up 0.5 percent by 0944 GMT, holding...
LONDON: A multi-billion pound merger between British supermarket Sainsbury's and Asda shook up retail stocks on Monday while European benchmarks ended April with their strongest monthly gains since 2016. The pan-European STOXX index rose 0.1 percent while Germany's DAX gained 0.3 percent, buoyed by investors' improved risk appetite as inter-Korea...
TOKYO: Japan's Nikkei share average rose on Thursday, buoyed by tech shares, with index heavyweight Tokyo Electron jumping after it forecast strong profits for this fiscal year. The Nikkei ended 0.5 percent higher at 22,319.61 points. Semiconductor equipment maker Tokyo Electron jumped 8.4 percent and was the third most traded stock...