TRADING

Trading Corporation faces severe financial crisis

ISLAMABAD: Owing to non-payment of dues by the country’s four provinces, Azad Jammu and Kashmir (AJK), Gilgit-Baltistan (G-B) and other institutions, the Trading Corporation of Pakistan (TCP) is facing the threat of bankruptcy.The dues of commercial banks owed by the TCP stand at more than Rs113 billion. To solve the financial crisis, the Commerce Division has […]

Market watch: KSE-100 gains 82 points amid volatile trading

Market watch: KSE-100 gains 82 points amid volatile trading

KARACHI: The KSE-100 index extended its gains from the previous session and closed up by 82 points on Wednesday after experiencing a volatile session.On the political front, the suspension of prison terms of Nawaz Sharif and his daughter Maryam, awarded to them in the Avenfield properties case, by the Islamabad High Court failed to cast a […]

Chinese Smartphone Maker Xiaomi Falls in Hong Kong Trading Debut

Chinese Smartphone Maker Xiaomi Falls in Hong Kong Trading Debut

Company’s performance could affect other tech companies looking to list in the city  Shares of Chinese smartphone maker Xiaomi Corp. , which raised US$4.7 billion in one of Hong Kong’s largest tech initial public offerings in recent years, fell on their debut Monday as the broader market rose.The lackluster start came after Xiaomi priced its IPO at the low […]

Pakistan Stock Exchange opens week in red amid dull trading

Pakistan Stock Exchange opens week in red amid dull trading

The Pakistan Stock Exchange (PSX) remained in the red zone on the opening day of the week, with the benchmark KSE-100 index losing 177 points to close at 41,735 points. The index opened higher but could not sustain the momentum, peaking at 42,137 points before losing point mid-session to touch the day’s low of 41,610. […]

Market watch: KSE-100 plunges close to 500 points in intra-day trading

Market watch: KSE-100 plunges close to 500 points in intra-day trading

Market watch: KSE-100 plunges close to 500 points in intra-day trading By NEWS DESK KARACHI: The stock market recouped some of the losses as investors bought shares on dips after offloading in the final hour on rumours of Panama Papers case verdict that caused a decline of almost 500 points. At close, the Pakistan Stock Exchange’s […]