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Business
PSX Drops 198.94 Points Amid Bearish Trend
APPIslamabad: The Pakistan Stock Exchange (PSX) 100-index experience a downward trajectory on Tuesday, losing 198.94 points – a negative change of 0.25 per cent – closing at 78,628.81 points against 78,827.74 points on the last working…
Mercedes Profit Plunges on Weaker Sales
AFP/APPFrankfurt: German luxury carmaker Mercedes-Benz on Friday reported a sharp drop in second-quarter net profit on weaker sales of electric vehicles and cooling demand in key market China.Net profit fell by 15.9 percent compared…
Gold Rates Up by Rs1,000 per Tola to Rs 251,500
APPIslamabad: The price of per tola of 24 karat gold increased by Rs1,000 and was sold at Rs 251,500 on Friday against its sale at Rs 250,500 on last trading day.The price of 10 grams of 24 karat gold also increased by Rs. 858 to…
Gold Prices Soar By Rs 2300 Per Tola
APPIslamabad: Gold prices took a leap today, with the price of a tola of 24 karat gold rising by Rs 2300 to reach Rs 252,800, up from Rs 250,500 in the last trading session.All Sindh Saraf Jewellers Association (ASSJA) reported that…
Rupee Sees Minor Dip Against US Dollar
APPIslamabad: The Pakistani rupee experienced a slight slip today, falling by 10 paisa against the US dollar in interbank trading. It closed at Rs 278.50, down from the previous day's Rs 278.40.In the open market, the dollar's rates…
Khazana Partners With Huawei To Develop Cloud-Based AI Service
APPIslamabad: Khazana Enterprise Chairman Attiazaz Bob Din announced that Khazana is developing a cutting-edge cloud-based artificial intelligence (AI) service in partnership with Huawei. This initiative is set to revolutionise…
Currency Rates of NBP
APPKarachi: Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP):CURRENCY SELLING BUYINGUSD 281.34 275.52GBP 362.64 355.13EUR 305.13 299.34JPY 1.8145 1.7769SAR…
Tesla Reports Profit Drop on Price Cuts, Lower Vehicle Sales
AFP/APPNew York: Tesla reported a substantial drop in second-quarter profits due to price cuts and significant spending on artificial intelligence and other technologies.The company reported profits of $1.5 billion, a 45 percent…
PSX Suffers Major Setback, Loses 1,578 Points
News DeskIslamabad: The 100-index of the Pakistan Stock Exchange (PSX) experienced a bearish trend, dropping 1,578.70 points (a negative change of 1.97 percent) and closing at 78,539.19 points against 80,117.89 points on the last…
Asian Markets Drop as Biden Drops Out of White House Race
AFP/APPHong Kong: Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fueled fresh uncertainty. Traders appeared unmoved by China's decision to cut interest rates in a bid to boost the country's…