Tag Archives: Market


China November exports unexpectedly fall, but imports rebound

12 December, 2019 9:59 am 9:59 am

BEIJING (Reuters) – China’s exports in November shrank for the fourth consecutive month, customs data showed on Sunday, confounding market expectations for a rise and underscoring persistent pressures on manufacturers from the Sino-US trade dispute. The 17-month long trade war has heightened the risks of a global recession and fuelled speculation that Beijing will unleash … Read More

KSE-100 index market trading 830 points Pakistan Stock Exchange Karachi market

KSE-100 index soars more than 830 points

12 December, 2019 6:03 pm 6:03 pm

KARACHI (92 News) – Pakistan Stock Exchange (PSX) maintained its momentum in the market as the KSE-100 index on Monday soared more than 830 points. The great edge on the start of business week and the KSE-100 index increased more than 830 points. However, the index has crossed the psychological threshold of 40,100 during trading. … Read More

US Dollar dollar pakistani rupees KSE KSE index points market interbank 156.35

US dollar reaches Rs156.35 after 12-paisa hike in interbank

09 September, 2019 11:49 am 11:49 am

KARACHI (92 News) – The US dollar reached Rs156.35 after a 12-paisa increase in the interbank on Thursday. With the increase, the US dollar was being sold at Rs156.35 in the interbank market. Meanwhile, stock markets opened in green as registering a gain of around 144 points at KSE 100 Index in morning trade, while … Read More

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Apple woos investors with China gain, market value nears $1 trillion

08 August, 2019 9:11 am 9:11 am

(Reuters) – Apple Inc shares rose 4.4%, after the company calmed Wall Street nerves with an improvement in sales in China and as several brokerages predicted a boost from its services business and the launch of new iPhones in the second half of 2019. If the gains hold, Apple would be within touching distance of … Read More

US dollar, value, 51 paisas, interbank, 70 paisas, open, market

US dollar gains value by 51 paisas in interbank, 70 paisas in open market

07 July, 2019 11:08 am 11:08 am

KARACHI (92 News) – The US dollar reached Rs157.88 after a 51-paisa increase in the interbank on Wednesday. In the open market, the dollar price increased by 70 paisas and it was traded at Rs158.50. On the other hand, the gold price was increased by Rs1,300 per tola and reached Rs80,300 per tola. Meanwhile, 100 … Read More

US dollar, increases, 93 paisas, Rs148.80, interbank, market

Dollar jumps to Rs151.95 after 48-paisa increase in interbank

06 June, 2019 11:47 am 11:47 am

KARACHI (92 News) – The dollar price jumped to Rs151.95 after a 48-paisa increase in the interbank market on Wednesday. On the other hand, a positive trend was witnessed in Pakistan Stock Market. 100 index gained 400 points and crossed the psychological level of 35,000. In the open market, dollar reached Rs152.50 from Rs152 with … Read More

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Asia markets cautious as Trump presses Mexico on trade

06 June, 2019 8:30 am 8:30 am

SYDNEY (Reuters) – Asian shares got off to a hesitant start on Thursday as investors feared a looming US trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.01% in sparse early trade. … Read More

Dollar, jumps, Rs151.95, 48-paisa, increase, interbank, market

Dollar falls to Rs147.92 after 29-paisa further decrease in interbank marke...

05 May, 2019 12:38 pm 12:38 pm

KARACHI (92 News) – The dollar rate was reduced to Rs 147.92 after a further decrease of 29-paisa decrease in the interbank market on Thursday. In the open market, the dollar price was reduced to Rs149 after a decrease of 30 paisas. On Thursday, the rupee gained strength as the value of the US dollar … Read More

US dollar, increases, 93 paisas, Rs148.80, interbank, market

Dollar further goes up by Rs2.35, being traded at all-time high of Rs152 in...

05 May, 2019 10:40 am 10:40 am

KARACHI (92 News) – The US dollar rate further increased by Rs2.35, reaching all-time high of Rs152 in the interbank market on Tuesday. On the other hand, US dollar is being sold at Rs155 in the open market. On Monday, it was increased by Rs1.63 and was being sold at Rs149.50 when the business closed. … Read More

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Trade turbulence shows market vulnerability as stocks get pricier

05 May, 2019 8:19 am 8:19 am

NEW YORK (Reuters) – Stock valuations have climbed to levels reached just before Wall Street’s late 2018 plunge, leaving the market at risk of shocks such as the sell-off this week as global trade tensions mounted. But stocks may have more support than last year, due largely to lower bond yields and a more dovish … Read More

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Inflation rate surges to 8.8% in April 2019: Bureau of Statistics

05 May, 2019 10:04 pm 10:04 pm

KARACHI (92 News) – The inflation rate surged 8.8% in April 2019۔ Prices of daily-use items have gone up, creating problems for the poor and common man. According to Bureau of Statistics, the annual inflation rate in Pakistan has climbed 1.4%percent in April 2019 as compared to March 2019.Increased prices of gas and other items … Read More

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NAB raids on wheat godown, reveals wheat worth Rs 1.20 billion missing

04 April, 2019 9:31 am 9:31 am

SUKKUR (92 News) – A team of National Accountability Bureau (NAB) Sukkur conducted raids on wheat godown in Kandhkot and Kashmor in Sindh province and found that wheat worth Rs 1.20 billion missing from these godowns. A spokesman of NAB said in a statement said that the mud filled bags were found in the wheat … Read More

S&P 500 ends at record high, bull market label secure

08 August, 2018 8:48 am 8:48 am

NEW YORK (Reuters) – The S&P 500 index notched its highest ever close , reaffirming that the bull market was intact, and now the longest running ever, after a steep sell-off seven months ago that tipped the market into a correction. The benchmark S&P 500 unofficially ended up 0.62 percent at 2,874.67, topping at 2,876.16 … Read More

Turkey must commit to policies to promote stability amid market volatility:...

08 August, 2018 9:07 am 9:07 am

WASHINGTON (Reuters) – Turkey should commit to sound economic policies to promote stability and reduce imbalances at a time of market volatility, an IMF spokesperson said as a row between Washington and Ankara over the jailing of an American pastor dragged on. The spokesperson, speaking on condition of anonymity, said there was no indication that … Read More

Oil prices pull back as trade tensions weigh on market

08 August, 2018 8:32 am 8:32 am

NEW YORK (Reuters) – Crude futures pulled back , giving up gains from the previous session as trade concerns weighed on the market and fuelled concerns about demand. US West Texas Intermediate (WTI) crude futures CLc1 settled down 47 cents at $68.49 a barrel. Brent crude futures LCOc1 settled at $73.21 per barrel, down 24 … Read More