The Pakistan Stock Exchange (PSX) observed a mild downturn during intraday trading on Tuesday, with the benchmark KSE-100 Index shedding nearly 700 points. The market opened on a positive note but quickly lost momentum, with the index moving between an intraday high of 163,384.95 and a low of 161,924.57. At 12:20pm, the benchmark index was hovering at 162,126.39, a decrease of 676.76 points
Federal Minister for Finance and Revenue Muhammad Aurangzeb has termed the blue economy as a ‘game changer’ for Pakistan’s future growth, underscoring its potential to reach $100 billion by 2047 and reaffirming the government’s commitment to policy continuity. He made this statement while delivering a virtual address on Tuesday at the inaugural session of the Pakistan International Maritime Exp
China and Hong Kong stocks closed down on Tuesday, as investors took profits on this year’s outperformers, rotating into defensive sectors during a lull in corporate earnings and policy signals.
Oil prices slipped on Tuesday as investors read OPEC+’s decision to pause output hikes in the first quarter as a signal of oversupply in the market. Brent crude futures fell 37 cents, or 0.6%, to $64.52 a barrel by 0700 GMT. US West Texas Intermediate crude was down 37 cents, or 0.6%, at $60.68 a barrel. On Sunday, the Organization of the Petroleum Exporting Countries and their allies, kn
Gold traded below the $4,000-per-ounce mark again on Tuesday as the dollar remained resilient at over three-month highs, while reduced chances of another U.S. interest rate cut in December and easing U.S.-China trade tensions blunted bullion’s demand. Spot gold was down 0.8% at $3,970.39 per ounce, as of 0625 GMT. U.S. gold futures for December delivery slid nearly 1% to $3,979.30 per ounce.