Brokers monitoring the share price movement at the Karachi Stock Exchange. Reuters
Senator of Pakistan Tehreek-e-Insaaf (PTI) Faisal Javed Khan has presented improvement in the economy following the steps taken by the government during eleven months.
The Pakistani rupee hit a new all-time low of Rs149.35 to the US dollar in the inter-bank market on Friday. This is the second successive day when rupee continued to lose ground against the greenback under the fresh round of depreciation. On Thursday, the local currency lost 3.62% to close at Rs146.52 to the US dollar in inter-bank.
Sensex and Nifty gained for the second straight day on Friday amid reports that the government could roll-back or tweak the controversial tax on the Foreign Porfolio Investors (FPIs).
Confirmation of a new Brexit deal sent sterling to a five-month high on Thursday and hoisted European stocks to a year-and-a-half peak, before familiar doubts about British parliamentary support for the agreement hauled them back.
Emirates NBD Bank on Thursday announced that it proposes to raise Dhs6.45 billion via a rights share offering to strengthen its capital base and support the future growth of the business.
The Abu Dhabi National Oil Company (Adnoc), Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding, MoU, to engage in a joint feasibility study to further evaluate a collaboration