KARACHI: Investors lack of interest in taking positions and opting for profit taking at Karachi Stock Exchange (KSE) eroded 46 points from the benchmark KSE-100 Index which closed at 9,740 on Wednesday. The market turnover stood at 154.6 million shares. The KSE-30 Index slid 55 points to finish the day at 10,134.
Wall Street fell on Friday despite a better-than-expected reading on GDP and an increase in consumer confidence. The Dow Jones fell 1.04% since Monday and ended the third week in a row with losses. Gold fell for the third week in a row. On Friday the price of Spot Gold tested weekly lows at $1,072 [...]
SEATTLE (Reuters) – Microsoft Corp posted a bigger-than-expected 60 percent jump in quarterly profit, helped by strong sales of Windows 7, and said it expected business technology spending to recover this year. The world’s biggest software maker said on Thursday that net profit came to $6.7 billion, or 74 cents per share, for its fiscal [...]
TOKYO: Gold rose on Monday to near $1,100 per ounce after the dollar edged down, helping bullion come off a one-month low hit in the previous session when commodities dipped on President Barack Obama’s proposal to limit financial risk-taking. Obama’s plans to restrict banks or financial institutions from associating with a hedge fund or a [...]
TOKYO: Japanese stocks fell 1.78 percent on Tuesday, ending at a five-week low as investors worried about a stronger yen as well as speculation that China will act to cool its economy, dealers said. The Tokyo Stock Exchange’s benchmark Nikkei-225 index declined 187.41 points to 10,325.28, the weakest level since December 21. The broader Topix [...]
