Articles for tag: bets, cut, highs, hits, PSX, rate, supports

October 29, 2024

A woman takes pictures of the electronic board displaying data at the Pakistan Stock Exchange in Karachi on December 21, 2022. — PPI Stocks hit an all-time intraday high above 91,200, driven mainly by speculation of a substantial rate cut from the central bank’s monetary policy committee meeting in the first week of November. The Pakistan Stock Exchange’s (PSX) KSE-100 index gained 1,068 points to 91,264 from its previous close of 90,195.51. Commenting on the extended rally, Samiullah Tariq at Arif Habib Limited credited the rally to strong results, better payouts, declining yields, expectations of further policy rate cut at

July 4, 2024

News Desk

Business

Asian shares jump to 27-month highs as dollar falls on rate cut bets

Asian shares hit 27-month highs on Thursday as softer U.S. data capped the chances of a September rate cut there, boosting bonds and commodities while dragging down the dollar. A holiday in the United States led to thin trading as investors waited to see how big a majority Labor could get in the UK election. Markets are well-prepared for a change, as polls have for months put the centre-left party on course for a landslide victory over the Conservatives. “Labour has relatively modest tax and spending plans, with the overall aim of shrinking the UK’s large budget deficit,” CBA analysts

April 26, 2024

News Desk

International

Alphabet, Microsoft earnings show big AI bets are driving growth

NEW YORK: Alphabet and Microsoft sparked a rally in tech stocks on Friday with earnings that showed big AI investments were driving growth, allaying doubts that their expensive bets will take time to pay off after a soft forecast from Meta Platforms . After pouring billions of dollars into the infrastructure needed to support artificial intelligence applications, both Alphabet and Microsoft reported quarterly revenue growth that beat expectations as more users turn to services like AI assistant Copilot and chatbot Gemini. Artificial intelligence services accounted for 7 percentage points of the 31% revenue growth at Microsoft’s Azure cloud-computing platform between

April 6, 2024

News Desk

Business

Liberty Power bets on coal, IMF reforms to make the most of $125 million deal

The image shows workers engaged in a coal mining project. — APP/File Liberty Power Holding, a company operating in Pakistan that recently acquired the thermal power assets of the country’s largest conglomerate Engro Corp for $125 million, is betting on the latter’s coal reserves and implementing IMF-recommended reforms to make the most of this deal. Under the deal, Liberty Power will also buy Sindh Engro Coal Mining Company among other assets of Engro Corp, Reuters mentionted. The deal is one of the biggest in recent years in Pakistan’s electricity sector, which has been in crisis for years due to unpaid

February 7, 2024

News Desk

Lifestyle

Taylor Swift related Super Bowl bets include a boyfriend proposal

LOS ANGELES: While Taylor Swift hasn’t revealed whether she’ll be crossing the Pacific Ocean to cheer on boyfriend Travis Kelce at the Feb. 11 Super Bowl in Las Vegas, that hasn’t stopped online sportsbooks from offering bets revolving around her presence at game. Novelty betting around major sporting events is nothing new, but some sportsbooks decided to have some fun with the Swift-Kelce craze after the Kansas City Chiefs punched their ticket to the Super Bowl. One of the boldest bets that can be made is offered by FanDuel Canada, which allows people to bet on whether Kelce will propose

PSX Hits New Highs Above 91,200, Supports Highs, Rate Cut Bets

Asian shares jump to 27-month highs as dollar falls on rate cut bets

Alphabet, Microsoft earnings show big AI bets are driving growth

Liberty Power bets on coal, IMF reforms to make the most of $125 million deal

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea