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PSX returns to positive on Tuesday

PSX returns to positive on Tuesday
The Pakistan Stock Exchange recorded a positive session on Tuesday after taking a beating just a day before. The KSE100 index closed 231 points in the index to settle at 39,863.
Published 24 Nov, 2020 05:50pm
Red across the board at the PSX

Red across the board at the PSX

Bears took hold of the PSX on Monday. The KSE100 index closed 554.66 points in the negative to bring the index to 39,632.
Published 23 Nov, 2020 05:28pm
Investors rush to buy equities, dump gold in vaccine euphoria: BofA

Investors rush to buy equities, dump gold in vaccine euphoria: BofA

LONDON (Reuters) - Investors stormed into riskier assets last week, pumping $27 billion into equity funds as positive COVID-19 vaccine updates led to euphoric buying of shares in worst-hit sectors such as banks, travel and leisure and oil, BofA said on Friday.
Published 20 Nov, 2020 01:52pm
European shares supported by gains in retail, oil stocks

European shares supported by gains in retail, oil stocks

(Reuters) - European stocks edged higher on Friday as gains in retail and oil shares offset worries about U.S. politics and an impasse over fresh stimulus measures to support a pandemic-stricken global economy.
Published 20 Nov, 2020 01:50pm
Oil prices dip as COVID-19 cases outweigh vaccine optimism

Oil prices dip as COVID-19 cases outweigh vaccine optimism

LONDON (Reuters) - Oil futures dipped on Thursday as a surge in coronavirus cases and tighter economic restrictions around the globe weighed on fuel demand expectations, also dragging down equities globally .MIWD00000PUS.
Published 19 Nov, 2020 03:50pm
FAA chief '100% confident' of 737 MAX safety as flights to resume

FAA chief '100% confident' of 737 MAX safety as flights to resume

WASHINGTON (Reuters) - U.S. Federal Aviation Administration (FAA) chief Steve Dickson is “100% confident” in the safety of the Boeing 737 MAX but says the airplane maker has more to do as it works to improve its safety culture.
Published 18 Nov, 2020 06:17pm
World shares slip as U.S. retail sales dampen vaccine euphoria

World shares slip as U.S. retail sales dampen vaccine euphoria

TOKYO/NEW YORK (Reuters) - Global shares stepped back on Wednesday as soft U.S. retail sales fuelled worries that rising coronavirus cases could stifle a still fragile economic recovery, dampening the euphoria from vaccine trial breakthroughs.
Published 18 Nov, 2020 12:11pm
Oil prices edge up as market eyes OPEC+ meeting, vaccine hopes

Oil prices edge up as market eyes OPEC+ meeting, vaccine hopes

SINGAPORE (Reuters) - Oil prices edged higher on Tuesday on expectations OPEC and its allies will extend oil production cuts for at least three months, while sentiment was bolstered by news of another promising coronavirus vaccine.
Published 17 Nov, 2020 11:27am
Tesla to join S&P 500, spark epic index fund trade

Tesla to join S&P 500, spark epic index fund trade

(Reuters) - Tesla Inc is set to join the S&P 500 in December, a major win for Chief Executive Elon Musk that boosted the electric car maker’s shares 14% on Monday in anticipation of a $51 billion trade by index funds adjusting their holdings.
Published 17 Nov, 2020 11:25am