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market

Bitcoin hits $1 trillion market value to all-time peak

NEW YORK: The price of bitcoin crossed another major milestone as the cryptocurrency surpassed market capitalization of $1 trillion to set another record. The world’s most popular cryptocurrency jumped to an all-time high of $56,399.99, posting a weekly gain of

WHO team visits Wuhan market at heart of first virus outbreak

WUHAN: A team of WHO experts investigating the origins of COVID-19 went to a market in Wuhan where one of the first reported clusters of infections emerged over a year ago. Members of the group arrived at Huanan seafood market

FAO inaugurates market, livestock sheds in South Waziristan

PESHAWAR: The Food and Agriculture Organization (FAO) on Monday inaugurated fruits, vegetable and livestock market infrastructures in South Waziristan under the patronage of United States Agency for International Development (USAID). The initiative is aimed at the restoration and establishment of

Sindh govt once again orders early market closure

KARACHI: The Sindh government has once again ordered all markets to close at 9 PM as the number of coronavirus cases gradually spike across the country. A notification has been issued in this regard directing all markets to close down

RMC officer probed for demanding bribe to reopen market

RAWALPINDI: An inquiry has been initiated against the deputy director of the Rawalpindi Metropolitan Corporation (RMC) and another suspect for allegedly demanding bribes to reopen a market during the coronavirus lockdown. The complaint was lodged by Traders Old Autoparts at

Bulls under control as PSX fails to retain 40,000 points level

KARACHI: The upward trajectory at the Pakistan Stock Exchange (PSX) reversed course on Tuesday as the stock market failed to maintain the 40,000 points level. The KSE 100 index gained 430.43 points to reach the highest intra-day level of 40,330.71

TikTok to stop app operation in Hong Kong

HONG KONG: TikTok is stopping its popular video snippet-sharing app from working in Hong Kong and will exit the market within days. The move by TikTok, owned by China-based ByteDance, came as Facebook, Google and Twitter put a hold on

Beijing conducts mass testing as new cluster triggers lockdown

BEIJING: China carried out mass testing for the coronavirus after a new outbreak in Beijing prompted travel warnings across the country amid fears of a resurgence of the disease. The deadly virus had been brought largely under control in China

PSX ends on downward trajectory as equities tumble

KARACHI: After making significant gains last week and ending on a high note, the Pakistan Stock Exchange (PSX) declined on Monday ending the first day of the week on a downward trajectory. The benchmark KSE 100 index dropped by 195

Stock market crash

The shares at Pakistan Stock Exchange took a hammering once again as the KSE-100 index plunged by 1,716 points yesterday. The stock market was also halted for 45 minutes after a similar measure was adopted during Monday’s bloodbath. However, when

KSE 100 index plunges by 1162 points as global markets fall

KARACHI: The stock market plunged on Friday on the final day of the week ending yet another dismal week on a downward trajectory. The benchmark KSE 100 index nose-dived by 1162.44 points and closed at 38,219.67 points. This marked a

Stock markets drops below 38,000 points over coronavirus concerns

KARACHI: The stock market continued its downward trajectory on Friday amid increasing concerns over the coronavirus, dropping below the 38,000 level during intra-day trading. The benchmark KSE 100 index declined by 103.70 points, or a decrease of 0.27 percent, and

Stock market plunges over 520 points on coronavirus fears

KARACHI: The stock market plunged for the third consecutive day on Wednesday losing over 520 points in intra-day trading as fears increased over the coronavirus outbreak. The benchmark KSE 100 index decreased by 520.12 points, or a decline of 1.24

Stock market crashes as KSE 100 index plummets by 1220 points

KARACHI: The stock market on Monday plummeted by over 1200 points due to the high inflation reading and the impact of the coronavius in China. The KSE 100 index came crashing down as investors offloaded stocks as the rising prices

Apple to close all China stores due to coronavirus outbreak

BEIJING: Apple on Saturday said it would shut all official stores and corporate offices in mainland China until 9th February as fears mounted over the coronavirus outbreak. “Out of an abundance of caution and based on the latest advice from

PSX plunges 824 points as bears return to stock market

KARACHI: The KSE 100 index at the Pakistan Stock Exchange plummeted an astounding 824.70 points during intra-day trading closing in at 40,008.29 points. The bourse reached its highest level of 40,832.99 points and lowest point even below the 40,000 level

KSE 100 index regains momentum to close at 40,664 points

KARACHI: After a brief slump, the KSE-100 index on the Pakistan Stock Exchange regained its momentum on Tuesday to close at 40,664.60 points. The opening day of the week yesterday saw an overall decline of 289.45 points (-0.71%) in intra-day

KSE 100 index declines by 289 points to close at 40,442

KARACHI: The KSE-100 index on the Pakistan Stock Exchange witnessed a slight decrease on Monday to close at 40,442.80 points. The bourse opened at 40,804.44 points and saw an overall decline of 289.45 points (-0.71%) in intra-day trading and eventually

Saudi oil giant Aramco heads for record-setting market debut

RIYADH: Saudi Arabia announced on Sunday the stock market debut of energy giant Aramco in what could be the world’s biggest IPO. After years of delay, Aramco said it plans to sell an unspecified number of shares on the Riyadh

UAE offers Pakistan access to its labour market database

ISLAMABAD: The United Arab Emirates has offered Pakistan to give access to its labour market’s database to help boost export of Pakistani workforce to the Gulf state. The offer was extended by UAE Minister of Human Resources and Emiratisation (MOHRE)

Apple borrows $7 bn despite sitting on a $200 bn cash pile

San Francisco: The cash-rich company is looking to grab a piece of ultra-cheap money by releasing corporate bonds at the all-time low borrowing rates. The tech giant, Apple Inc., is releasing bonds in the cash market at all-time low borrowing

PSX trades negatively on third trading of week

KARACHI: The third day of the trading week started negatively in the Pakistan Stock Exchange.  The KSE-100 index in the stock market was down by 29 points to 29,787 level. The market opened at 29,809 levels, which saw a slowdown