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Markets react with caution to Democrats' victory in US midterms

Investors shunned AI stocks and turned to government bonds on Wednesday in the wake of the Democratic Party's takeover of Congress in the US midterm elections. Oil prices meanwhile ticked slightly higher, as uncertainty remains over the direction of US President Donald Trump's war against Iran. Also in this edition, we focus on the central issue of this midterm campaign: the rise in the cost of…

Markets react with caution to Democrats' victory in US midterms

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Rupee records gain against US dollar

The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Wednesday. The local unit closed the day at 276.70, a gain of Re0.01 against the greenback.

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