The nail-biting question arises: Will Rupee hold on to its minor gains against the cunning US dollar at 285.35?

The Pakistani rupee improved slightly against the US dollar, rising 0.02% to settle at 285.35 in the inter-bank market on Tuesday. However, in the open market, the US dollar was being traded in the range of 311-314 against the greenback due to foreign currency shortage. The International Monetary Fund (IMF) continues its engagement with the […]

“Terror looms as Seoul stocks soar for a second consecutive day, fueled by ominous gains in chips and platforms.”

South Korean stocks closed higher on Friday, with the Korea Composite Stock Price Index rising by 0.23% to 2,501.53 points, its second consecutive day of gains. The country’s currency also rose slightly against the US dollar. The gains came despite concerns over recessionary conditions, as chipmakers including Samsung Electronics and SK hynix saw gains, offsetting losses […]

KSE-100’s fate hangs in the balance as gains are lost and post-Eid session ends with a chilling flatline.

The Pakistan Stock Exchange ended a volatile session with a slight increase in the benchmark KSE-100 Index by 0.22%. While the index rose to an intra-day high of 41,364.60 points, selling in the final stages caused the benchmark index to settle at 41,099.58 points. Economists credit the improvement in current account surplus as a reason […]

Do European stocks have moderate gains as investors expect slowing rates?

European stocks experienced moderate gains on Thursday after the Federal Reserve predicted a “mild recession” for the US economy. The Stoxx 600, Germany’s Dax, France’s Cac 40, and London’s FTSE 100 all saw increases. Traders were encouraged by the Federal Open Market Committee’s March meeting minutes, which showed officials predicting a mild recession starting later […]

KSE-100 experiences bullish surge, gains over 633 points

Pakistan’s benchmark KSE-100 Index recorded a gain of 633 points or 1.6%, taking it to settle at 40,350.89, due in part to anticipation over inflows from Saudi Arabia. Reports suggest the Kingdom of Saudi Arabia gave assurance to the International Monetary Fund (IMF) that it would deposit $2bn in Pakistan. Analysts believe this move would be vital for the revival of IMF’s […]