Asian stocks plunge as the AI sell-off spreads from Wall Street
Asian markets plunged on Friday after the Nasdaq fell 5.5%, with chipmakers, SoftBank and AI cloud firms hit as investors feared tougher rules on AI.
Markets
The latest Markets news, reporting and analysis from The Indus Compass.
Oil falls 9% and gold tops $4,000 after Democrats win Congress
Brent fell 9% to $94.29 and gold climbed back above $4,000 an ounce after Democrats won Congress. In Pakistan gold rose Rs13,900 a tola to Rs426,036.
KSE-100 crosses 170,000 on hopes of easing US-Iran tensions
The KSE-100 gained 2,567 points to 170,586 by 1.19pm on Wednesday, as the US midterm result and Qatar's mediation lifted hopes of easing Iran war tensions.
Oil climbs above $110 after US orders staff out of Saudi Arabia
Brent rose $1.29 to $110.11 after the US ordered some diplomats out of Saudi Arabia, as Houthi strikes hit a Dammam airport and a Saudi oilfield.
Brent crude holds near five-month high on Houthi attacks
Brent crude rose to about $110 a barrel, near a five-month high, on Houthi attacks on Saudi targets, while the PSX edged up on buying in oil, cement and banks.
PSX extends recovery to reclaim 166,000; SBP reserves rise
The KSE-100 rose 768.66 points to 166,186 as buying returned to index-heavy stocks, while SBP reserves rose $16m to $21.469bn in the week to October 9.
Car sales jump 43pc in first quarter despite auto policy uncertainty
Passenger car sales rose 43pc year-on-year in July to September, PAMA said, but delays in the auto policy and sales tax clarity are holding back investment.
KP emergency drags the PSX down 1,965 points
The KSE-100 index fell 1,964.87 points, or 1.18pc, to 165,124 as governor's rule in KP and Houthi attacks on Saudi Arabia kept investors on edge.
PSX tumbles nearly 2,000 points as political tensions rattle investors
The KSE-100 fell as much as 1,988 points on Monday after government-PTI talks collapsed and the PTI march began, outweighing relief from falling oil prices.
PSX jumps over 1,600 points as IMF talks lift mood
The KSE-100 rose 1,610.96 points to 171,211.36 as hopes for Pakistan's IMF review lifted investors, a day after the index slipped below 170,000.
PSX: KSE-100 slips 340 points as oil above $106 and Iran stalemate weigh on sentiment
The KSE-100 fell 0.2% to 170,425.62 on Monday as Brent crude rose above $106 and Trump rejected an Iranian ceasefire proposal. Trading volume fell 12.8%.