A bullish trend continued on Pakistan Stock Exchange for the fourth consecutive day Thursday. Led by blue chips in banks and oil & gas sectors, the benchmark KSE-100 index crossed 47,000-point psychological level. The index closed at 47,084.34 points with
US President Donald Trump said relations with Russia had hit an all-time and "very dangerous" low Thursday, putting the blame on Congress after he reluctantly approved sanctions against Moscow. "Our relationship with Russia is at an all-time & very danger
US President Donald Trump said relations with Russia had hit an all-time and "very dangerous" low Thursday, putting the blame on Congress after he reluctantly approved sanctions against Moscow. "Our relationship with Russia is at an all-time & very danger
Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
Russian Prime Minister Dmitry Medvedev labelled new US sanctions "economic war", as businesses in Moscow pledged Thursday to shrug off the impact of the measures approved reluctantly by Donald Trump. The US president signed off on the new sanctions Wednes
The government has begun consultations with the World Bank on how to improve the country''''s ranking in the "Ease of Doing Business Index" with the objective of attracting foreign investors, said sources in the Board of Investment (BOI). Senior officials
The government has begun consultations with the World Bank on how to improve the country''s ranking in the "Ease of Doing Business Index" with the objective of attracting foreign investors, said sources in the Board of Investment (BOI). Senior officials o
The government has begun consultations with the World Bank on how to improve the country's ranking in the "Ease of Doing Business Index" with the objective of attracting foreign investors, said sources in the Board of Investment (BOI). Senior officials of
The government has begun consultations with the World Bank on how to improve the country's ranking in the "Ease of Doing Business Index" with the objective of attracting foreign investors, said sources in the Board of Investment (BOI). Senior officials of
Two Indian soldiers and two freedom fighters were killed in armed clashes on Thursday, officials said, in another day of bloodshed in held Kashmir where tensions are high following the death of a prominent militant. The freedom fighters were killed in Kul
Two Indian soldiers and two freedom fighters were killed in armed clashes on Thursday, officials said, in another day of bloodshed in held Kashmir where tensions are high following the death of a prominent militant. The freedom fighters were killed in Kul
The United Kingdom has acknowledged and lauded Pakistan's continuous efforts for regional peace and stability. British High Commissioner Thomas Drew expressed these views during a meeting with Chief of Army Staff (CoAS) General Qamar Javed Bajwa here at G
The United Kingdom has acknowledged and lauded Pakistan's continuous efforts for regional peace and stability. British High Commissioner Thomas Drew expressed these views during a meeting with Chief of Army Staff (CoAS) General Qamar Javed Bajwa here at G
While backtracking from its earlier stance, the National Electric Power Regulatory Authority (Nepra) has decided to allow 1 percent capital cost of the project reduced by $ 150,000 per annum (subject to 3 percent indexation for each year after the first y
While backtracking from its earlier stance, the National Electric Power Regulatory Authority (Nepra) has decided to allow 1 percent capital cost of the project reduced by $ 150,000 per annum (subject to 3 percent indexation for each year after the first y
While backtracking from its earlier stance, the National Electric Power Regulatory Authority (Nepra) has decided to allow 1 percent capital cost of the project reduced by $ 150,000 per annum (subject to 3 percent indexation for each year after the first y
An amount of Rs 15,209 million sales tax refunds is expected to be paid to the textile sector by August 14, 2017. Sources told Business Recorder Thursday that the FBR has prepared details of the pending liabilities such as sales tax with ageing whe
An amount of Rs 15,209 million sales tax refunds is expected to be paid to the textile sector by August 14, 2017. Sources told Business Recorder Thursday that the FBR has prepared details of the pending liabilities such as sales tax with ageing whe
An amount of Rs 15,209 million sales tax refunds is expected to be paid to the textile sector by August 14, 2017. Sources told Business Recorder Thursday that the FBR has prepared details of the pending liabilities such as sales tax with ageing whe
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Chicago Board of Trade corn futures fell more than 2 percent on Tuesday, hitting a one-month low on spillover weakness from soyabeans and forecasts for improving US crop weather, traders said. CBOT December corn settled down 8-1/4 cents at $3.76-1/2 per b
Tea prices in Bangladesh fell for a third straight week at the weekly auction despite tight supplies, although strong demand for quality leaf capped a steeper decline. Bangladeshi tea fetched an average of 209.64 taka ($2.60) per kg at the weekly auction
On Wednesday at Pakistan Mercantile Exchange Limited, the total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.871 billion and the number of lots traded was 15,280. PMEX Commodity Index closed at 2,976. Major business was contributed by
US wheat futures closed lower on Tuesday, retreating from early advances on technical selling at the beginning of the month and spillover weakness from soybeans and corn. The start of the US spring wheat harvest may have added pressure as well, traders sa
The Karachi Port handled 232,291 tonnes of cargo comprising 191,154 tonnes of import cargo and 41,137 tonnes of export cargo including 8,745 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Sizeable inflow of phutti allowed trading activity to expand on the cotton market on Thursday, dealers said. The official spot rate was unchanged at Rs 6350, they said. In the ready session over 7000 bales of cotton changed hands between Rs 6350 and Rs 67
Due to regular rains in most parts of the cotton belt since the past several weeks, the supply of seed cotton (Kapas/Phutti) has slowed down resulting in low supply of lint to the domestic mills. Thus cotton supply has decreased leading to a shortage for
Due to regular rains in most parts of the cotton belt since the past several weeks, the supply of seed cotton (Kapas/Phutti) has slowed down resulting in low supply of lint to the domestic mills. Thus cotton supply has decreased leading to a shortage for
New customers in major markets such as Germany, Italy and Spain helped leading Dutch bank ING to report better than expected quarterly profit on Wednesday. ING added 700,000 new customers in the first half of 2017, taking its total to 36.5 million, with t
Philippine electronics manufacturer Cirtek Electronics Corp. said Tuesday it had bought US technology firm Quintel for $77 million, the latest in a trend of local companies acquiring foreign businesses. Cirtek chief financial officer Tony Buyawe said the
ANA Holdings Inc, Japan's biggest airline by revenue, on Wednesday said first-quarter operating profit rose 80 percent due to brisk business on international routes and after taking control of low-cost arm Peach Aviation Ltd. Profit for the three months t
ANA Holdings Inc, Japan's biggest airline by revenue, on Wednesday said first-quarter operating profit rose 80 percent due to brisk business on international routes and after taking control of low-cost arm Peach Aviation Ltd. Profit for the three months t
Mexico's consumer confidence index rose to its highest level in a year, official data showed on Thursday, helped by a recovery in the peso on fading fears of new US tariffs on Mexican goods. The seasonally adjusted consumer confidence index rose to 86.6 i
South Korean inflation accelerated to its fastest in four months on soaring fresh food costs and as consumer confidence improved in July. The consumer price index rose 2.2 percent in July on-year, faster than a 1.9 percent gain in June, Statistics Korea s
Sri Lanka's central bank held its policy rates steady on Thursday and said past tightening are helping cool inflation and credit growth, signalling receding concerns about price pressure as it focuses on supporting an economy hit by extreme weather. As wi
Thailand's exports are expected to grow 5 percent this year, better than the 2.5-3.5 percent it had projected earlier, a group of shipping firms said on Tuesday, but added that a strong baht was a threat. Exports between January and June rose 7.8 percent
German fashion house Hugo Boss beat second-quarter expectations on Wednesday helped by restructuring and its first rise in US sales in two years, boosting its shares. The company, known for its smart men's suits, said US sales rose 2 percent while sales i
US natural gas producer Chesapeake Energy Corp beat quarterly profit estimates, but said it planned to cut its rig count and bring fewer wells into production this year. The company, which operates in the Eagle Ford Shale in South Texas, the Utica Shale i
Ryanair chief executive Michael O'Leary hit out at rival European airlines Wednesday, claiming they opposed Britain securing a "favourable deal" over routes following Brexit. Britain accounts for about one-quarter of revenues earned by the Irish no-frills
Credit Agricole on Thursday reported a sharp rise in its core capital ratio to 12.4 percent after making use of higher profits and proceeds from sale of a stake in investment company Eurazeo to bolster its finances. The French bank, majority-owned by a ne
Credit Agricole on Thursday reported a sharp rise in its core capital ratio to 12.4 percent after making use of higher profits and proceeds from sale of a stake in investment company Eurazeo to bolster its finances. The French bank, majority-owned by a ne
Deutsche Telekom, Europe's biggest telecom company, on Thursday posted quarterly results that topped expectations, with a 9 percent rise in core profit powered by strength in the United States and modest gains in Germany and Europe. The German company sli
Deutsche Telekom, Europe's biggest telecom company, on Thursday posted quarterly results that topped expectations, with a 9 percent rise in core profit powered by strength in the United States and modest gains in Germany and Europe. The German company sli
The Bank of England cut Thursday its forecasts for British growth due to Brexit, as it left interest rates at a record-low 0.25 percent. The news, which followed a regular monetary policy meeting, sent the pound slumping as policymakers appeared to shift
Pay packages for the bosses of Britain's 100 biggest listed companies dropped 13 percent over the past year, a survey showed on Thursday, amid rising political and investor pressure to rein in on excessive earnings. The survey by the Chartered Institute o
Pay packages for the bosses of Britain's 100 biggest listed companies dropped 13 percent over the past year, a survey showed on Thursday, amid rising political and investor pressure to rein in on excessive earnings. The survey by the Chartered Institute o
Businesses across the eurozone started the second half with robust growth, outpacing British counterparts which are struggling to regain momentum as consumers keep their hands in their pockets, surveys showed. Signalling the bloc's positive readings could
Supermarkets in the Netherlands and Germany moved to halt some egg sales Thursday as hundreds of thousands may have been contaminated by a toxic insecticide in a widening food scandal. Amid fears the Dutch poultry industry could be facing millions of euro
The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labour market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio. Labour market streng
Saudi Arabia's supermarket and Abu Dhabi's largest listed developer outperformed otherwise flat regional shares on Thursday because of their strong second-quarter earnings. Shares of Al Othaim Markets jumped 4.3 percent after its second-quarter net income
Indian shares ended lower for the second consecutive session on Thursday as banking stocks fell on doubts over the likelihood of further rate cuts by the country's central bank. The broader NSE index closed down 0.67 percent at 10,013.65, while the benchm
The S&P 500 and the Nasdaq lost ground on Thursday as tech stocks slipped, while the Dow moved above the 22,000 mark to hit a new record. The S&P tech index - which has been the best performer in 2017, with a 23 percent rise - was down 0.22 percent. Apple
The Dow climbed above the 22,000 mark for the first time on Wednesday, buoyed by Apple's healthy quarterly iPhone sales, while weakness in other tech stocks held back the Nasdaq and S&P 500. Apple jumped 4.73 percent to a record high after the world's lar
Hong Kong stocks followed other Asian markets lower on Thursday, as investors paused for breath after recent strong gains in financial and resources firms. The Hang Seng index fell 0.3 percent, to 27,531.01 points, while the China Enterprises Index lost 0
Long-dated debt yields fell on Wednesday, and the yield curve flattened to its lowest levels in a week, after the US Treasury Department said it was still considering an ultra long bond, but did not announce a new issue. The Treasury gave no timing for wh
Long-dated debt yields fell on Wednesday, and the yield curve flattened to its lowest levels in a week, after the US Treasury Department said it was still considering an ultra long bond, but did not announce a new issue. The Treasury gave no timing for wh
China's major stock indexes fell on Thursday, after a private survey showed the country's services sector cooled in July and a net drain of funds by the central bank renewed concerns about liquidity conditions. The blue-chip CSI300 index fell 0.9 percent,
Tokyo stocks closed lower Thursday with technology companies down despite a strong lead from Wall Street after the Dow marked its sixth straight record close. The US blue-chip index on Wednesday ended above 22,000 points for the first time following anoth
European shares inched up on Thursday as solid company earnings more than offset a weak energy sector and a slump in German industrial giant Siemens on delays to a planned unit listing. The pan-European STOXX 600 index rose 0.08 percent to 378.93 points a
Australian shares fell on Thursday, as disappointment over Rio Tinto's earnings pressured materials while bank stocks fell after Commonwealth Bank of Australia was accused of money laundering breaches. The S&P/ASX 200 index fell 9.1 points, or 0.2 percent
Most Southeast Asian stock markets were largely tepid on Thursday, as concerns over US President Donald Trump signing the Russia sanctions bill kept investors on edge. Trump grudgingly signed into law new sanctions against Russia on Wednesday, a move Mosc
UK blue chips rose to a one-week high on Thursday after the Bank of England kept rates on hold, hitting the pound and lifting export-oriented stocks accordingly. The market is also buoyed by solid earnings updates. The FTSE rose 0.85 percent to 7,474.77 p
China's yuan eased against the US dollar on Thursday on rising corporate demand for the greenback, traders said. The People's Bank of China set the midpoint rate at 6.7211 per dollar prior to market open, 6 pips weaker than the previous fix 6.7205.
The dollar inched away from a 15-month low versus a basket of currencies on Thursday, but was still looking wobbly due to doubts about whether there will be another US interest rate rise this year. The dollar index, which measures the greenback's value ag
The dollar recouped some losses on Thursday but was still holding near a 2-1/2-year low hit in the previous session as investors readied for US jobs data. Most of the US currency's gains came against the commodity linked currencies such as the Australian