Newsone Headlines 4AM | 5-July-2018

Dollar being traded at RS 130 in open market: Currency dealers

KARACHI: According to local currency dealers, the US Dollars touched a record high of Rs130 in the open market on Friday, gaining a further Rs0.30 as it is climbing against the Pakistani rupee. The latest weakening in the rupee comes... read more

Pakistan’s current deficit sparks to its highest point S18bn: SBP

PAKISTAN: The country is facing $18bn current account deficit (CAD) after the six months of fiscal year, started in July 2017, as compared to $14.4billion of the same period last year, the State Bank of Pakistan (SBP) reported on Thursday The... read more

Yuan plummets against the U.S. dollar after Trump’s comments

SHANGHAI (Reuters) - China’s yuan bounced back from more than one-year lows against the U.S. dollar on Friday afternoon, after traders said major state banks sold dollars to prop up the fragile Chinese currency which has been roiled by a... read more

Xi visits Abu Dhabi after China inks deals with UAE

DUBAI: President Xi Jinping arrived in Abu Dhabi on Thursday for a three-day visit, after the announcement of oil and trade deals between China and the UAE. Crown Prince Sheikh Mohammed bin Zayed said he was “delighted” to welcome Xi,... read more

PSX lands in green as benchmark index gains 897 points

KARACHI: The Pakistan Stock Exchange was bullish on Thursday as KSE-100 Index closed today at 41795.50 points as compared to 40897.90 points on the last working day with a positive change of 897.69 points. The total turnover was 337,087,170 as... read more

Pakistan Stock Exchange appoints Sulaiman S Mehdi as its new chairman.

KARACHI: Sulaiman S Mehdi has been appointed as the new chairman of Pakistan Stock Exchange (PSX), decided in the board meeting chaired on Thursday. After the dismissal of former Chairman Hussain Lawai over his connection with money laundering case, the... read more

Dollar being traded at Rs129.50 in open market

KARACHI: On Thursday, the value of US dollar hit a high of Rs128.48 in interbank trading while Rs129.50 in open market after an increase of 48 paisa in interbank market and 50 paisa in open market respectively. This hike in dollar... read more

Amazon’s stock market value reaches $900bn, endangers Apple’s market value

SAN FRANCISCO: Amazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street’s most valuable jewel. After... read more

Newsone Headlines 4AM | 5-July-2018 |

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