Tag: Latest

PSX invites entrepreneurs for low-cost trading rights | The Express Tribune

November 8, 2023 Admin No Comments

KARACHI: Pakistan Stock Exchange (PSX) has introduced “online only broker” category by inviting all entrepreneurs including start-ups and fintechs to apply for low-cost trading rights and licensing. The settlement of trades through the online only broker will be done by an e-clearing company as the new stockbroker category will end physical interaction. In a notification…

Business

Wall Street investors seek shelter | The Express Tribune

October 21, 2023 Admin No Comments

NEW YORK: Growing volatility in US stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven months, as the S&P 500 slid for the week. The…

Business

Crackdown pulls down gold price sharply | The Express Tribune

October 5, 2023 Admin No Comments

KARACHI: The price of gold has dropped sharply in the domestic market in the wake of stern action against the mafia involved in illegal activities. Since the crackdown on illicit trade, the price of gold has come down by a whopping Rs27,000, reaching Rs188,000 per tola. The local gold pricing body has not been releasing…

Business

SBP keeps key policy rate unchanged at 22% | The Express Tribune

July 31, 2023 Admin No Comments

KARACHI: The central bank on Monday announced that the key policy rate – the cost of banks’ lending – would remain unchanged at 22 per cent. Notably, in its first meeting after a new loan programme by the IMF, the SBP was scheduled to review its key policy rate today. It was to assess whether it…

Business