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Karachi Stock Exchange scales another peak on foreign buying

Source: GEO News | 04-06-2013

KARACHI: With foreign investments flowing too freely as well as too steadily into the stocks, Karachi Stock Exchange (KSE), now one of the best performing bourses of the region, Tuesday closed higher to settle at yet another all-time high.

The benchmark 100-Index closed 0.88 percent, or 193.66 points, higher at 22,274.51 before the traders called it a day.

The foreign bulls parked big bucks in Muslim Commercial Bank, Pakistan Telecommunication Co Ltd, Pakistan State Oil Co Ltd and Lucky Cement.

On the other hand in the heat of the rally speculators scooped up low-priced stocks.

Among star performers Pakistan State Oil Co Ltd rose 1.23 percent at Rs302, while Muslim Commercial Bank closed up 4.43 percent at Rs281.

Oil prices mixed ahead of US crude inventory report

Source: Geo News | 07-08-2013

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as investors awaited the latest US crude stockpiles data for clues about demand from the world's biggest oil consumer, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was up six cents at $105.36 a barrel in mid-morning Asian trade, and Brent North S..... Read more

Asian shares rise

Source: Dunya News | 16-04-2014

Asian markets mostly rose Wednesday following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts in the first three months of the year. Japan s Nikkei led regional gains thanks to a weaker yen after the head of the country s central bank said it was on course to meet its inflation target next year. Tokyo ..... Read more

Oil prices mixed in Asian trade

Source: Geo News | 04-09-2013

SINGAPORE: Oil prices were mixed in Asian trade Wednesday after climbing in New York as concerns over a US-led military strike on Syria returned. New York's main contract, West Texas Intermediate for delivery in October, eased 26 cents to $108.28 in mid-morning trade, while Brent North Sea crude for October gained 12 cents to $115.80. Read more

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