Pfizer CEO sold $5.6 million in stock on day of vaccine announcement

WASHINGTON: Pfizer CEO Albert Bourla sold $5.6 million of his stock in the US pharmaceutical company on the same day it announced promising results for its COVID-19 vaccine. The company has reportedly said the sale was part of a pre-arranged

Elon Musk is now richer than Warren Buffett

SAN FRANCISCO: Elon Musk’s net worth soared past Warren Buffett as the chief executive officer of Tesla became the seventh richest person in the world, according to the Bloomberg Billionaires Index. Musk’s fortune rose by $6.07 billion to $70.5 billion

PSX regains as global stock markets, oil prices recover

KARACHI: A day after the global stock markets came tumbling over the coronavirus and the plunge in cruel oil prices, the Pakistan Stock Exchange on Tuesday stablised and ended on a positive note. Asian stock markets took a breather after

Stock market stagnate after rally last week

KARACHI: After surpassing the 43,000 points level last week, the stock market on Monday only managed a minuscule change of eleven points in intra-day trading. The KSE 100 index at the Pakistan Stock Exchange gained 11.62 points over a change

Stock market plummets over regional tensions

KARACHI: The stock market received a battering on Monday amid regional tensions and growing uncertainty as wary investors pulled out before the situation deteriorated. The KSE 100 index plummeted a hefty 1027.06 points or a decrease of 2.43 percent to

Investor confidence pushes KSE 100 index to close above 40,000

KARACHI: The KSE-100 index on the Pakistan Stock Exchange surged on Wednesday to close at 40,270.52 points. Yesterday, the bourse crossed the 40,000 level for the first time in the last ten months, before it slightly declined and closed at

Surging stock markets 

Shares around the globe fell on Monday, particularly in Asia, but this was in sharp contrast to the stock market in Pakistan which witnessed a surge for the eighth consecutive day boosting investor confidence and the morale of economic institutions.

PSX observes bearish trend as KSE-100 Index falls by 102 points

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bearish trend on Tuesday as the KSE-100 Index fell by over 102.73 and eventually closed at 34,083 points. The KSE-100 Index marked its intraday high of 34,259.23 points and its lowest at