In a significant achievement for the financial industry, the Pakistan Stock Exchange (PSX) has unveiled its new trading and surveillance system, marking a momentous milestone for the institution. The Managing Director of PSX, Farrukh H Khan, hailed the launch as a “big moment and a landmark achievement,” emphasizing the system’s advanced features and benefits. This groundbreaking system brings forth a new era of safe, reliable, high-performance, and low-latency trading and surveillance capabilities. State-of-the-Art Features for Efficient Trading The recently introduced…

Global stocks took a downturn this Wednesday as the ongoing U.S. debt ceiling negotiations have shown no sign of progress, triggering a market-wide anxiety. Meanwhile, inflation concerns remain at the forefront, influencing major market shifts and bolstering safe-haven assets like gold and the dollar. Unexpected statements from the Reserve Bank of New Zealand have further added to the market unrest. Ongoing U.S. Debt Crisis Drives Market Jitters The ongoing U.S. debt ceiling talks are instigating uncertainty across global markets. Despite…

The Pakistan Stock Exchange (PSX) witnessed a downward trend on Monday, as political polarization and speculation regarding the International Monetary Fund (IMF) deal weighed heavily on investor sentiment. The benchmark KSE-100 index initially opened on a positive note but quickly turned bearish, sustaining a steady decline throughout the day. Ultimately, the index shed 404.12 points, equivalent to 0.97%, closing at 41,195.06 points. Political Uncertainty Fuels Market Decline Mohammad Arbsh, manager of equities with Siddiqsons Limited, attributed the market’s downward spiral…