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: 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...
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...
LONDON: European shares retreated on Wednesday, under pressure from a continued rise in bond yields, though well-received results from telecom companies, bank Lloyds and miner Glencore helped limit the declines. Europe's pan-European STOXX 600 index was down 0.6 percent by 0954 GMT, while Germany's DAX also fell 0.7 percent. Another milestone...
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...