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Oil Prices Fall as Global Stocks Rise Amid Easing Tensions with Iran
AFP/APP
New York: Oil prices experienced a decline on Monday, and global stocks rose, following news that Israel’s recent strikes on Iran did not target the country's energy infrastructure.
Investors expressed relief that the strikes…
Gold Prices Surge by Rs 1,600 to Rs 285,000 per Tola
APP
Islamabad: The price of 24-karat gold increased by Rs. 1,600, reaching Rs. 285,000 per tola on Tuesday, up from Rs. 283,400 the previous trading day.
The price of 10 grams of 24-karat gold also rose by Rs. 1,372 to Rs. 244,342,…
Kerb Currency Market Update
APP
Karachi: The Exchange Companies Association of Pakistan announced the following opening rates of foreign currencies in the kerb market on Tuesday:
Currency Buying Selling
Inter Bank 279.25 279.30
USD 278.75 281.00
Euro…
Oil Prices Tumble, Global Stocks Rise As Iran Fears Ease
AFP/APP
New York: Oil prices fell and global stocks rose Monday on relief that Israel's strikes on Iran avoided the country's energy infrastructure.
Israel spared oil and nuclear facilities in its air strikes on Iranian military…
Foreign Exchange Rates
APP
Karachi: The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Tuesday.
CONVERSION RATES FOR OCTOBER 29, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR…
Gold Prices Drop by Rs900
APP
Islamabad: The price of 24-karat gold per tola recorded a decrease of Rs.900, settling at Rs.283,400 on Monday, down from Rs.284,300 on the previous trading day.
The rate for 10 grams of 24-karat gold also dropped by Rs.771,…
Kerb Currency Market Rates – Oct 28
APP
Karachi: The Exchange Companies Association of Pakistan has released the following opening rates for foreign currencies in the kerb market:
Currency Buying Selling
Inter Bank (PKR/USD) 277.50 277.60
USD 276.70 278.65
EURO…
Apple’s iPhone Sales Dip 0.3% as Huawei Surges 42%
AFP
Beijing: Apple's iPhone sales in China saw a slight decline of 0.3 percent in the third quarter of 2024, while rival Huawei experienced a significant surge, with sales jumping 42 percent. This shift intensifies the competition in the…
Tesla Helps Drive Stocks Mostly Higher
AFP/APP
New York: Wall Street stocks closed mostly higher on Thursday, buoyed by strong results from Tesla and a pullback in US Treasury bond yields. Tesla surged nearly 22 percent after reporting higher earnings, ending a streak of…
Rupee Sheds 12 Paisa Against Dollar
APP
Islamabad: Pakistani rupee on Thursday depreciated by 12 paisa against the US dollar in the interbank trading and closed at Rs277.84 against the previous day’s closing of Rs277.72.
However, according to the Forex Association of…