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Finance & Markets

Auto sales hit 18,818 units in July

KARACHI: Sales of cars, pickups, vans and jeeps surged by 79 per cent year-on-year in July to 18,818 units, but fell 13pc month-on-month. The annual rise was driven by new market entrants, new product launches and a surge in auto financing. The month-on-month decline was primarily due to uncertainty surrounding the new auto policy, Myesha Sohail of Topline Securities said. She expects the…

dawn.com ·

Auto sales hit 18,818 units in July

We haven't written up this one. Dawn Business has the full story — the link below goes straight to it.

Read the original at dawn.com →

More in Finance & Markets

US stocks mostly up on slightly lower inflation data

Wall Street stocks mostly gained following slightly better US consumer pricing data, but an uptick in US Treasury bond yields suggested lingering unease about inflation.

  • US stocks mostly up on July inflation data at 3.4%
  • Semiconductor shares surge after strong earnings
  • US Treasury bond yields rise despite lower inflation

·news.rthk.hk

EIA Sees 600,000 Bpd of Middle East Oil Still Offline by End-2027

The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in through the end of next year, the U.S.

  • EIA projects 600,000 bpd of Middle East oil offline by end-2027
  • Strait of Hormuz constrains oil shipments through August
  • Gulf oil producers' curtailment averages 5.5 million bpd in July

·oilprice.com