The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Thursday, losing 290.54 points, with negative change of 0.63 percent, closing at 45,652.62 points against 45,943.16 points on the last working day. A total of 186,431,158 shares were traded during the day compared to the trade of 234,997,430 shares the previous day مزید پڑھیں

The rupee’s downward trajectory against the US dollar continued on Thursday as the local currency plunged to Rs187 against the greenback in the interbank market at the start of trading. The value of the dollar rose by Rs1.30 against the rupee, which had closed at Rs185.92 in the interbank on Wednesday, to reach Rs187.22. In مزید پڑھیں

The local fertilizer Industry is providing urea at around 84 percent discount, equivalent to Rs 9,823 per bag and is expected to enable import substitution of USD 5.3 billion in 2022. Discussing the latest business results and future outlook in first quarter analyst briefing, Imran Ahmed – Chief Financial Officer of Engro Fertilizers shared that مزید پڑھیں

Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the International Monetary Fund downgraded its global growth forecast for 2022. The IMF lowered its outlook to 3.6 percent — a .08 percent slash from its previous estimate released in January — prompting a five-percent dive مزید پڑھیں

Prime Minister Shehbaz Sharif has appointed 57-year-old economist and businessman Miftah Ismail as the finance minister who will be tasked with quickly arresting a downward economic spiral and getting IMF talks back on track. Ismail, who briefly held the post four years ago, brings with him a record of decisive policy action and a close مزید پڑھیں

The Pakistan Stock Exchange endured another volatile session on Tuesday, as investors were observed weighing the impact of ongoing political uncertainty and deteriorating macroeconomic indicators after a brief pause. Pushed by these factors, the market players opted to offload their stockholdings at attractive valuations and the KSE-100 index lost over 200 points. Fresh devaluation of مزید پڑھیں

China’s economic growth accelerated in the first quarter of the year to 4.8 percent, official data showed Monday, but the government warned of “significant challenges” ahead while massive Covid-19 lockdowns started to bite. The world’s second-biggest economy had lost steam in the latter half of last year with a property slump and regulatory crackdowns, pulling مزید پڑھیں

Pakistan’s rupee broke its seven-session winning streak against the US dollar, depreciating marginally by 0.54% in the inter-bank market on Monday. According to the State Bank of Pakistan (SBP), the rupee closed once again surpassed the Rs182-mark, closing at Rs182.52 against the greenback compared to Saturday’s close of Rs181.55. Read more: Rupee holds steady against US مزید پڑھیں

The Securities and Exchange Commission of Pakistan (SECP) registered 2,354 new companies in March 2022, raising the total number to 165,688. Total capitalization (paid-up-capital) with regards to newly incorporated companies for the current month stood at Rs3.5 billion, said an SECP press release. Read more: Stocks marginally higher as profit-taking weighs Foreign investment was reported in مزید پڑھیں

In line with the prevailing trend during the week, the rupee maintained the momentum for the seventh consecutive session on Saturday — an additional working day for the central bank — due to healthy supplies and remittances from overseas. According to the State Bank of Pakistan (SBP), the rupee closed at Rs181.55 with a meagre مزید پڑھیں