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Yearly Archives: 2018

World Stock Markets

World Stock Markets updates

US stocks tumble on trade war fears Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential US trade war with China, shied away from risk …

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Stock market at a glance

Stock market at a glance

Market Review The benchmark index remained bullish during the week after currency devaluation of 5%, increasing 1,516pts to close at 45,030pts, a rise of 3%WoW. The recent PKR depreciation was well received, mainly by the local participants as witnessed by …

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Stock Watch

Stock Watch

Sudden & sharp depreciation of rupee push index above 45,000 points Summary In the open market dollar was selling Rs.111.80 on Monday. The rate suddenly jumped to around Rs.115.50 on Tuesday. The rise depict almost 4% rupee depreciation against the …

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Stock Review

Stock Review

Market springs back, fresh foreign flows can induce another short term rally The benchmark index of Pakistan Stock Exchange (PSX) for the week ended 22nd March 2018, posted an increase of 3.84%YoY to close the short trading week at 45,030 …

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Gulf

Gulf News

Adnoc signs dh4.3b concession deals with China oil giant The Abu Dhabi National Oil Company (Adnoc) announced on Wednesday that it had signed two offshore concession agreements valued at Dh4.3 billion with the China National Petroleum Corporation (CNPC), the world’s …

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India

India News This Week

No violation in rs 7,266 crore bid for Binani Cement under IBC: Ultratech Aditya Birla group firm UltraTech Cement on said that it has not violated the IBC in offering a Rs 7,266 crore bid to acquire debt ridden Binani …

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Pakistan

Pakistan News

Govt plans to scrap sugarcane support price The federal government has decided to do away with the support price mechanism for sugarcane crop and come up with a new pricing system that is linked with the wholesale price of sugar, …

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Shipping

Shipping News

Asian ports face $49 billion climate adaptation costs Protecting Asia-Pacific ports against climate change could cost up to US$49 billion, according to new research commissioned by HSBC from sustainability analysts Asia Research and Engagement (ARE). The report – Climate Costs …

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Technology

Technology News

PAKISTAN: Jazz commences super 4g experience bus tour: Jazz has commenced a nationwide experience bus tour in promotion of its Super 4G service. Three Jazz branded buses have begun a two-month long tour of universities and public places in the …

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Commodity

Commodity News

World oil prices surge after us picks new security advisor World oil prices surged Friday as the appointment of ultra-hawkish John Bolton as US national security advisor sparked fears over crude exports from key OPEC producer Iran. The market also …

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