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Tag Archives: Stock market

Asia stocks retreat on coronavirus worries

HONG KONG: Asian stocks are lower fell as spiking coronavirus cases in some US states and in China dents hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures fell as much as 1.4 per cent in early Asian trade and last traded down 0.7 per cent while MSCI’s broadest index of Asia-Pacific shares outside Japan ... Read More »

KSE-100 bounces back with 359pts, up 1.14% towards historic 32,000pts mark

KARACHI: Bulls bounced back strongly on back of SBP rate cut of 50pbs and kept their rule at the Karachi Stock Exchange (KSE) again as the benchmark KSE 100-Index surged a considerable 358.72 points or 1.14% to reach 31702.79 points and volume of 172,777,940 shares on first day of trading, Monday. The market started the week in a fashion and picked ... Read More »

Expansion of investor base must for capital market growth: KSE MD

KARACHI: Karachi Stock Exchange (KSE) Managing Director (MD) Nadeem Naqvi has said that there is a need to expand investors’ base for the growth of capital market in the country. Talking to Customs Today, he said that “the single most important thing is expansion of the investors’ base which stands at just around 250,000 since 1948.” He said that this ... Read More »

KSE keeps floating on buoyant PSO, K-Electric scrips

KARACHI: The Karachi Stock Exchange (KSE) 100-index continued its bullish trend for third consecutive day in a volatile trading and also maintained 30,000 psychological barrier by gaining 73.36 points to finish 30098.49 points with a volume of 113,364,510 shares on last day of trading, Friday. KSE-30 index went up by 91.21 points as closed at 19,977.30 points as against 19,886.09 ... Read More »

Rupee consolidates against US dollar

KARACHI: Pakistani rupee Wednesday maintained its grip against US dollar both in open market and interbank as Karachi Stock Market also witnessed a positive trend on the third day of trading. According to local currency market, US dollar lost 10 paisa each in open market and interbank to reach 102.4 and 102.6 respectively. On Tuesday, US dollar shed 25 paisa ... Read More »

Midday: KSE maintains bullish trend, gains 145 points

KARACHI: Karachi Stocks Exchange (KSE) 100-index keeping the bullish momentum of start on third day of trading gained 145 points to reach 29871.39, recording a positive change of 0.49 per cent. Tuesday proved to be a good day for Karachi Stock Exchange (KSE) 100-index as the major Stock market of the country gained 343.26 points to reach 29726.39 points but ... Read More »

US, Chinese factory output lowers Tokyo Stock Market

TOKYO: The US and Chinese factory output ahead of a key federal reserve policy meeting ended a five-day winning streak of Tokyo stock which closed 0.23 percent lower on Tuesday. At the Tokyo Stock Exchange, the Nikkei 225- index lowered down 36.76 points at 15,911.53, while the Topix index of all first-section shares fell 0.22 per cent. On Friday, the ... Read More »

Microsoft officially announces purchase of Mojang

NEW YORK: Microsoft on Tuesday announced that it would purchase Minecraft maker Mojang at the cost of $2.5 billion. This is the largest acquisitions of the Microsoft since Satya Nadella took charge as CEO in February. Microsoft CEO Satya Nadella said that Minecraft is more than a great game franchise and it would open new opportunities for that community and ... Read More »

Selling spree downs KSE to 9-month low

KARACHI: Stock market remained dull throughout the day, which saw volume shrunk 45pc to 73m shares, recording a 9-month low. Trading value fell to Rs4 billion which was at 14 months low. The KSE-100 index managed to claw up by 20.99 points to 29,697.79. While local institutions and individuals were on the sell side, the market received support from foreign ... Read More »