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Finance & Markets

KSE-100 gains 399 points in session

Pakistan’s stock market closed higher on Friday as the KSE-100 index gained 399 points. Meanwhile, the rupee strengthened marginally against the US dollar. According to Pakistan Stock Exchange data, the KSE-100 index rose 399.14 points. The benchmark gained 0.23% and closed at 175,328.82. Read more: PSX gains over 153 points Market activity remained positive during the […]

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

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More in Finance & Markets

Rosneft CEO: China Calls The Shots in Oil Markets, Not OPEC

China and its crude oil buying behavior in the spring and summer have stabilized global oil markets as Beijing, not OPEC, is calling the shots now, according to Igor Sechin, chief executive of…

  • Igor Sechin, Rosneft CEO, says China dictates global oil market, not OPEC.
  • China cut crude oil imports by 5.5 million bpd, stabilizing market.
  • China withdrew from spot market, reducing imports by up to 40% in June.

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