Monthly Archives

September 2022

Stocks fall amid flood damage assessment

Pakistan Stock Exchange witnessed a bearish trend for most of the outgoing week as the benchmark KSE-100 index took a beating following assessment of flood damage, which pulled the index down by 361 points (or 0.9%) week-on-week.The week

Rupee spread widens to record

The spread between the value of Pakistani currency in open and inter-bank markets has widened to a record high at Rs10-12 per dollar, as currency dealers are selling one US dollar for Rs238-240 in open market compared to Rs228.18 in

Payments firm scraps $1.5b deal

US online checkout company Bolt Financial Inc said on Friday it scrapped its $1.5 billion deal to buy cryptocurrency infrastructure provider Wyre Payments Inc, amid plunging valuations in crypto and fintech businesses.San Francisco-based

Workers at Indiana plant go on strike

Members of the United Auto Workers union walked out of Stellantis’ Kokomo plant in Indiana on Saturday, citing health and safety concerns.In a statement, the union demanded the company replace its heating and air-conditioning systems,

PSX gains 123 points, closes at 41,948 points

The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Friday, gaining 123.37 points, a positive change of 0.29 percent, closing at 41,948.16 against 41,824.79 points on the last working day.A total of 146,631,042