gains - Pakistan affairs

News

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 […]

By hassani

May 30, 2023May 30, 2023

Economy

“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 […]

By hassani

April 28, 2023April 28, 2023

Economy Tech

Big-cap tech gains break Seoul shares’ 5-day losing streak, but is it too good to be true?

South Korean stocks ended higher after a five-day losing streak, with gains in large-cap chips and battery makers leading the upturn of the index. Retailers and foreigners bought a net 175.47 billion won and 281.43 billion won worth of shares, respectively, offsetting selling by institutions worth a net 471.69 billion won. The index had opened […]

By hassani

April 27, 2023April 27, 2023

PakistanNews Tech

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 […]

By hassani

April 26, 2023April 26, 2023

Economy PakistanNews

Will the Rupee hold its ground as it gains momentum, settling at 283.47 against the looming threat of the US dollar?

The Pakistani rupee rose by 0.15% against the US dollar in the inter-bank market on Thursday, settling at 283.47. This follows a stable performance on Wednesday and is likely due to market participants waiting for the resumption of the IMF Extended Fund Facility. Pakistan also saw a current account surplus of $654 million in March, […]

By hassani

April 20, 2023April 20, 2023

Tech

Financials counterbalance IT and pharma gains, pulling Indian shares lower.

Indian shares experienced losses for a second consecutive session on Tuesday, influenced by financials and weak quarterly earnings from Tata Consultancy Services Ltd and Infosys Ltd. The Nifty 50 fell 0.26% to 17,660.15, while the S&P BSE Sensex closed 0.31% lower at 59,727.01. Five of the 13 major sectoral indexes declined, with financials losing over […]

By hassani

April 18, 2023April 18, 2023

Economy

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 […]

By hassani

April 13, 2023April 13, 2023

Economy PakistanNews

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 […]

By hassani

April 6, 2023April 6, 2023

PakistanNews

Bill to curtail powers of chief justice gains Senate approval

Pakistan’s Senate has passed the Supreme Court Bill, aimed at reducing the powers of the chief justice, including revoking the power to take unilateral action. The bill also amends the controversial Article 184(3) of the Pakistani constitution, under which the chief justice is permitted to take suo motu action on situations deemed to conflict with the public […]

By hassani

March 30, 2023March 30, 2023

PakistanNews

Back-to-back gains: rupee settles at 281.71 against US dollar

The Pakistani rupee saw back-to-back gains against the US dollar last week, after Finance Minister Ishaq Dar said that documentation for disbursement of a large sum from ICBC had been completed. Following the statement, the rupee rose 0.15% last Thursday reaching a value of 282.42, before appreciating 0.25% the next day to 281.71. This increase comes as the dollar has […]

By hassani

March 17, 2023March 17, 2023