Author: Finance for Sight

The buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the intraday trading on Thursday. At 12:35pm, the benchmark index hovered at 113,907.75, an increase of 565.32 points or 0.5%. Buying interest was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, refineries and power generation. Index-heavy stocks including HUBCO, PRL, PSO, SHEL, SNGPL, MARI, OGDC, MCB, MEBL and UBL traded in the green. On Wednesday, bullish momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index closing the day at…

ATHENS: Europe should wake up and build its own defence policy following a dramatic shift by the United States over Ukraine and geopolitical developments in recent months, Greek Prime Minister Kyriakos Mitsotakis said late on Wednesday. US President Donald Trump upended US policy on the Ukraine war this week, denouncing Ukrainian President Volodymyr Zelenskiy as a “dictator” and suggesting Kyiv started the three year war between Ukraine and Russia. Trump warned that Zelenskiy had to move quickly to secure peace or risk losing his country, deepening a feud between the two leaders that has alarmed European officials. The US and…

The Eurozone’s digital euro initiative is set to revolutionize global finance by enhancing the euro’s international standing. As digital currencies gain global traction, the European Central Bank (ECB) is spearheading efforts to maintain the euro’s competitiveness and broad acceptance. The Vision Behind the Digital Euro The digital euro aims to offer a secure, fast, and efficient payment method while ensuring financial stability. ECB President Christine Lagarde highlights that this digital currency will complement cash, promoting inclusivity for all demographics. The vision extends beyond domestic utility, aiming for the euro to become a leading currency in global digital transactions. Global Financial…