oil crisis Archives | The Biz Update

Business

Stock slightly up as oil crisis damaging investor’s sentiment

The Biz Update5 years ago1 year ago03 mins

Karachi, April 22, 2020: Tumbling international crude prices, especially that of Brent (traded below US$ 16/bbl briefly), caused the damage to investor sentiment Wednesday. Pre-open session saw oil & gas (E&P and OMC) stocks with heavy volumes on offer. Market opened on a negative note and saw a loss of 529 points during the session….

Business

Stock market declines on oil crisis

The Biz Update5 years ago1 year ago03 mins

Karachi, April 21, 2020: Market opened -478 points today and continued the descent throughout the session, which extended to -1199 points by the end of session. The benchmark index closed -1078 points. Concerns raised by IMF over G20 debt relief, announced last week by the Government, as well as hinting higher than expected inflation with…