Tag Archives: Market

oil markets coronavirus chaos oil market outlook economic contraction global economic contraction

Oil markets slump amid coronavirus chaos

03 March, 2020 9:13 am 9:13 am

TOKYO (Reuters) – Oil prices fell as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction. Brent crude LCOc1 futures fell $1.09, or 4%, to $25.89 a barrel by 0209 GMT. West Texas Intermediate (WTI) crude CLc1 futures … Read More

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Policymakers ramp up support as coronavirus shreds markets

03 March, 2020 8:40 am 8:40 am

SINGAPORE/WASHINGTON (Reuters) – Governments and central banks readied more emergency measures to tackle the economic impacts of the coronavirus on Friday as Asian markets suffered their worst weekly crashes since the 2008 financial crisis. Canadian Prime Minister Justin Trudeau’s wife Sophie was among several thousand people newly diagnosed with the COVID-19 respiratory disease that has … Read More

Chinese stock commodity death tol virus market

Chinese markets plunge as rising virus death toll fuels fears for global gr...

02 February, 2020 9:52 am 9:52 am

BEIJING (Reuters) – The death toll from a coronavirus epidemic in China rose to 361 and Chinese stock and commodity markets fell heavily on Monday as investors retreated into safe-haven assets in the first trading session after an extended Lunar New Year break. Chinese stock and commodity markets plunged at the open in their first … Read More

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EU checks UK compliance with market rules after Brexit

01 January, 2020 6:18 pm 6:18 pm

LONDON (Reuters) – The European Union’s markets watchdog said it will check how Britain applies the bloc’s financial rules during the transition period that follows Brexit on Friday. Britain leaves the bloc at 2300 GMT, with a business-as-usual transition period until the end of December when all EU rules still apply. “In the coming 11 … Read More

Wheat Wheat Flour flour prices out of control trucks market

Wheat flour prices out of control across country

01 January, 2020 2:38 pm 2:38 pm

LAHORE/KARACHI (92 News) – The wheat and flour prices out of control as the government has been failed to implement wheat flour on fixed rate of Rs 43 per kilogram on Monday. According to the details garnered, shopkeepers in Lahore are selling flour at Rs70 per kg after crisis intensified in Punjab. However, the wheat … Read More

Oil, edges, plunge, market, recovers, poise

Oil edges up after plunge, as market recovers poise

01 January, 2020 12:32 pm 12:32 pm

TOKYO (Reuters) – Oil prices rose on Thursday, recouping some of the heavy losses from the previous session as the market rebalanced after Washington and Tehran looked to defuse a potential Middle East crisis. Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran’s … Read More


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 shares index Pakistan stock exchange slips below barsih note points gold prices dollar inter bank open marketKSE-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

Rupee Dollar US dollar highest level currency SBPUS 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