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The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a…
The stock market saw a strong recovery on Monday, as investor sentiment improved following weeks of selling pressure. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged by 1,299.79 points, or 1.18%, touching an intraday high of 111,622.72, while the lowest level of the session stood at 109,948.57, reflecting a positive shift in investor sentiment.Market…
Chinese startup DeepSeek sent shockwaves through financial markets Monday on claims that it could develop advanced artificial intelligence models using much cheaper semiconductors than previously thought possible. Those implications sent shares of Nvidia, a chipmaker whose value surged in recent years on promises to power the AI revolution, down double digits as markets opened for…
Listen to article The Pakistan Stock Exchange (PSX) experienced a rally on Friday, with the KSE-100 index gaining 1,020.04 points, a 0.9% increase, to reach 114,856.78 points during intra-day trading. The market reached a high of 114,960.52 points and dipped to a low of 113,571.95 during the trading session. Trading volume stood at 94,340,778, with a total value of…
Shares of the newly-listed International Gemmological Institute soared 10% on Thursday to hit their upper circuit and a new high of Rs 580.45 on the BSE following the 100% acquisition of IGI Netherlands and International Gemmological Institute BV. “With reference to the captioned subject and in accordance with Regulation 30 of the Securities and Exchange…
The Indian market was closed on Wednesday, December 25 on account of the Christmas holiday, while on Tuesday, Indian benchmark indices ended marginally lower, as losses in heavyweight financial and IT stocks offset gains in consumer and auto stocks. With the holiday-truncated week lacking major triggers, analysts expect range bound moves for the benchmark indices…
The latest development comes as SingPost undergoes a strategic review first initiated in July 2023. Earlier this month, it had announced the sale of its Australian business for a cash consideration of A$775.9 million (US$504.1 million). The sale, subject to the approval of shareholders at an extraordinary general meeting to be held early next year, is…
Listen to article The Pakistan Stock Exchange (PSX) experienced a significant surge on Friday, with the index climbing by 3.05%, current index at 109,513.14. The day’s trading saw a high of 109,846.64 and a low of 105,601.03, reflecting a strong positive movement throughout the session. The benchmark KSE-100 index closed trading session at 109,513.14, showing positive increase…
The Pakistan Stock Exchange (PSX) has set a new record by surpassing the historic 113,213-point milestone for the first time. In a remarkable start to the trading session, the stock market saw a rapid increase of 1,400 points within just half an hour. The KSE-100 Index surged by 1,467 points, reaching an unprecedented 112,277 points….
Capital markets regulator Sebi has directed Mishtann Foods to bring back nearly Rs 100 crore, an amount the company allegedly misappropriated through dubious transactions with related parties. Sebi also restrained five entities, including Mishtann Foods and its promoter and CMD Hiteshkumar Gaurishankar Patel, from the securities markets till further orders for alleged financial mismanagement, fraudulent…
