STOCKS

Full-day report: Stocks slide amidst sustained selling pressure

Full-day report: Stocks slide amidst sustained selling pressure

The Pakistan Stock Exchange saw renewed selling pressure on the penultimate trading session of the week, with the benchmark KSE-100 Index losing 507 points, more than 1pc, to once again close below the 48,000 points level at 47,950.58. More than 88.6 million shares of indexed companies were traded, worth more than Rs8.37 billion. “After rallying […]

ASIAN STOCKS STRUGGLE, DOLLAR SHINES AS GEOPOLITICAL RISKS GROW

ASIAN STOCKS STRUGGLE, DOLLAR SHINES AS GEOPOLITICAL RISKS GROW

HONG KONG – Asian stocks slipped on Monday as increased geopolitical risks prompted investors to favour safe-haven bets such as government debt while the greenback was supported by Federal Reserve policy tightening expectations. The rise in risks of a conflict contrasts with market watchers’ outlook for the global economy, which is perhaps the most optimistic […]