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CEO Binance reacts to Elon Musk selling his cryptocurrency holdings

Tesla and SpaceX founder Elon Musk has sold most of his cryptocurrency holdings, prompting a reaction from CEO Binance. Binance CEO Changpeng Zhao said that if someone buys or sells bitcoin, he does not think it will have a negative

Pakistan becomes third largest seller on Amazon

ISLAMABAD: Pakistan has become the third largest seller country on Amazon. According to details, Pakistan is the third largest country after US and China with 1.2 million registered merchants on the Amazon marketplace. According to the report of “Marketplace Plus”,

PSX loses 46,000 points level to end with minor gains

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday crossed the 46,000 points level before declining in later trading sessions and ended the day with minor gains. The benchmark KSE-100 index surged in earlier trading and cross the 46,000 points level.

USA, China, and UK are top export destinations of Pakistani products, says Razak Dawood

Prime Minister’s special aide on Commerce and investment, Abdul Razak Dawood revealed that the United States of America (USA) remained the top export destination of the Pakistani products followed by China and the United Kingdom (UK) during the first four

PSX reverts to older trading system after technical glitches

KARACHI: The Pakistan Stock Exchange (PSX) has announced reverting to the previous trading system as a short-term measure after the new system encountered technical glitches. In a statement, the Pakistan Stock Exchange said it had implemented the new trading system

PSX gains 322 points to end on positive note

KARACHI: The Pakistan Stock Exchange (PSX) continued the upward trajectory for the second consecutive day on Thursday and ended the trading session on a positive note. The benchmark KSE-100 index gained 321.94 points (0.72%) and closed at 45,821.40 points. The

Bears regain control as PSX drops by 293 points

KARACHI: Bears regained control on the Pakistan Stock Exchange (PSX) for the second consecutive day on Wednesday as investors resorted to profit-taking and dumped stocks. The benchmark KSE-100 lost 293.34 points (-0.66%) and closed at 44,373.23 points. It increased in

Govt plans to raise funds through issuing treasury bills

KARACHI: The government has planned to raise its debt worth of Rs5.87 trillion through issuing treasury bills to banks. Over the next three months, the government has planned to help finance and national debt through issuing T-bills, Treasury bills to

PSX drops as dollar reaches historic high

KARACHI:: The Pakistan Stock Exchange (PSX) dropped on Wednesday as the rupee depreciated to its lowest-ever value against the US dollar for the second consecutive day. The KSE-100 index dropped in early trading session and reached its lowest level of

KSE 100 index declines 510 points to lose 47,000 level

KARACHI: The Pakistan Stock Exchange (PSX) witnessed another lacklustre trading session and plunged on Thursday as it lost the 47,000 points level. The KSE-100 index witnessed a downward trajectory through the day and eventually shed 510.40 points (-1.08%). The bourse

PSX regains 242 points as bulls regain control

KARACHI: The Pakistan Stock Exchange (PSX) surged on Wednesday as it regained control after days of volatile trading sessions. The KSE 100 index surged in early trading by 255.56 points and continued an upward trajectory. It gained 476.6 points and

KSE-100 index fails to regain 48,000 points levels

KARACHI: The Pakistan Stock Market (PSX) on Wednesday ended a topsy-turvy day after it failed to regain the 48,000 points level. The KSE 100 index surged in early trading and reached its highest level of 47,980.77 points in intra-day trading.

PSX end on negative note amid worsening health crisis

KARACHI: The Pakistan Stock Market (PSX) on Wednesday ended the day on a negative note amid the worsening health situation in the country. The KSE 100 index surged in early trading and reached its highest level of 47,874.69 points in

PSX ends another lackslustre trading session with minor gains

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday ended another lacklustre trading session and failed to make any significant gains over lack of triggers. The KSE 100 index dropped in early trading and reached its lowest level of 47,422.19 points in

Stock Market needs investigation

There is a need for investigation on the Pakistan Stock Exchange (PSX). The stock market has been topsy-turvy for the past year. Many investors became rich while others suffered catastrophes and lost their entire wealth. This is not usual at

PSX ends on positive note as stock market welcomes new fiscal year

KARACHI: Pakistan Stock Exchange (PSX) surged on Wednesday and closed on a positive note as the stock market appeared optimistic over the new fiscal year. The benchmark KSE 100 index increased by 218.25 points (0.46%) and closed at 47,356.02 points.

KSE 100 fails to retain 48,000 points level

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday regained control, a day after volatile trading brought the bourse below the 48,000 points level. The benchmark KSE 100 index declined by 86.44 points (-0.18%) and closed at 47,900.70. The bourse dipped

KSE 100 index drops 151 points in lacklustre trading session

KARACHI: The Pakistan Stock Exchange (PSX) declined for the second consecutive day on Wednesday as investors resorted to dumping stocks owing to the absence of positive triggers on the bourse. The benchmark KSE 100 index declined by 151.66 points (0.31%)

PSX drops 422 points to close below 48,000 points level

KARACHI: Pakistan Stock Exchange dived on Wednesday as the benchmark KSE-100 index dropped over 400 points in intra-day trading ahead of the announcement of the federal budget. The government will release the survey report on June 10 and unveil the

PSX increases by 506 points to regain 45,000 points level

KARACHI: The Pakistan Stock Exchange (PSX) witnessed an upward trajectory on the first day of the week as the KSE-100 index regained the 45,000 points mark. The benchmark KSE 100 index gained 506.02 points (1.13%) and closed at 45,407.33 points.

PSX ends on positive note to regain 43,000 points level

KARACHI: The Pakistan Stock Exchange (PSX) ended the trading session on Wednesday on a positive note despite selling pressure and modest business activity. The benchmark KSE 100 index gained 180.76 points (0.42%) in intra-day trading and ended on 43,087.70 points. 

PSX ends range-bound session on negative note

KARACHI: The Pakistan Stock Exchange (PSX) rallied in the opening hours of the trading session on Friday before declining and ending the day on a negative role. The KSE 100 index surged as trading resumed and reached the highest point

PSX sees growth as KSE 100 index ends on positive note

KARACHI: Pakistan Stock Exchange (PSX) continued to have a volatile session for the second consecutive day on Wednesday and ended on a positive note. The benchmark KSE 100 index crossed 109.35 points (0.25%) and closed at 43,360.19 points. This comes

PSX ends on positive note as KSE 100 index gains 102 points

KARACHI: The Pakistan Stock Exchange (PSX) ended a lacklustre trading session on Wednesday but managed to end the day on a positive note as indices moved in both directions until finally settling in the green. The benchmark KSE 100 index

PSX ends on downward note for second consecutive day

KARACHI: The Pakistan Stock Exchange (PSX) continued its downward trend on Tuesday for the second consecutive day and ended on a negative note. The benchmark KSE 100 index closed at 42,101.78 points after a minuscule decline of 13.53 points (-0.03%).

PSX declared better for investment than India’s Sensex

STOCKHOLM: A Swedish asset manager specialising in frontier and emerging markets has declared the performance of the Pakistan Stock Exchange (PSX) better than India’s stock market. Founder and Chief Investment Officer at Tundra Fonder, Mattias Martinsson, in a series of

Oil prices rally accelerates after drop in US stocks

TOKYO: Oil price rose for a fifth day on Thursday after a surprise fall in US crude inventories rally driven by optimism that vaccines will end the coronavirus pandemic and revive demand for fuels. Brent futures were up 45 cents,

Asian markets hit record peak as regional countries sign trade deal

SYDNEY: Asian stocks hit a record high on Monday as vaccine optimism and strong economic data from China and Japan outshone worries about rising coronavirus cases lifting the tech and auto sector. MSCI’s broadest index of Asia-Pacific shares outside Japan

PSX fails to retain 42,000 points level

KARACHI: The Pakistan Stock Exchange (PSX) on Wednesday failed to retain the 42,000 points level it lost earlier this week and end the day with minuscule gains. The benchmark KSE 100 index reached its highest level of 42.023.06 points in

President Alvi expresses satisfaction over PSX’s performance

KARACHI: President Dr Arif Alvi expressed his satisfaction over the performance of the Pakistan Stock Exchange (PSX) and stressed on the potential for further growth to attract more investment. The president was addressing media after holding an interactive session with