Shares at the Pakistan Stock Exchange (PSX) continued their bull run on Tuesday, rising immediately after the opening bell. The benchmark KSE-100 index gained 331.99 points, or 0.81 per cent, to close at 41,522.76 points. It reached an intraday high of 573.18 points, or 1.39pc, around 10:37am. Dalal Securities CEO Siddique Dalal said the index rose on expectations that the gas sector’s circu
Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one of the leading exchanges for crypto-focused derivatives products, jumped 82 per cent in January versus December, according to crypto market maker OrBit Markets. Ether options swelled 38pc. More investors are positioning f
The Supreme Court on Monday modified an interim order of the Lahore High Court (LHC) and directed wealthy taxpayers to deposit their 50 per cent due super tax directly with the Federal Board of Revenue (FBR) within one week. A three-member bench, headed by Chief Justice of Pakistan Umar Ata Bandial, took up the FBR plea against the impugned interim order which had stayed the recovery proceeding
Alibaba Group subsidiary, Daraz Group, an e-commerce platform, is reducing its workforce by 11 per cent to prepare for the ‘current market reality’, the group’s CEO Bjarke Mikkelsen said in a letter to employees shared on the company website. Mikkelsen cited a difficult market environment, with a war in Europe, huge supply chain disruptions, soaring inflation, increasing taxes, and removal of e
The export of services grew nearly three per cent in the first half of the current fiscal year from a year ago mainly driven by information technology. The growth was achieved at a time when the exports of commodities continued to shrink for the past few months, according to the latest data compiled by the Pakistan Bureau of Statistics. In absolute terms, the value of export of services reac