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KARACHI: Bulls were firmly in control of the market for the third successive day in the rollover week. After opening...

Investors went into a buying spree that carried the KSE-100 index up by 219.60 points, or 0.48 per cent, to close at 46,087.64.

The spectacular rise in the prices of certain shares from March 25, 2020 to date has left investors gasping for breath. The invasion of Covid-19 dented the KSE-100 index, which reached its nadir of 27,229 points on March 25 last year. From there onwards, the index displayed an upward spiral that over the last 10 months has gradually reached 45,984 points. This represents a 31-month high and a massive recovery of 69 per cent. During the same period, price gains in certain stocks have been mind-blowing: two stocks in the technology sector have left analysts scratching their heads. TRG Ltd was...

Business January 22, 2021 KARACHI: Pakistan Stock Exchange (PSX) has asked various companies to explain the reasons behind what it says unusual movement in prices and turnover of their shares during the ongoing week, it was learnt on Thursday. In a notice, PSX asked them “to respond promptly” and share with it “details of any matter or development that is or may be relevant to the unusual movements or a statement of the fact that it is not aware of any such matter or development”. The companies that have been served notices include Aisha Steel Mills, SS Oil Mills, Saritow...

OVHcloud Expands India Operations and Infrastructure NewsVoir OVHcloud has invested in the expansion of the workforce across Business and Enterprise support levels Over the last 6 months, OVHcloud has expanded its Bangalore office, with experts like Customer Success Engineers, Cloud Engineer and Developers OVHcloud, a global player and the leading European cloud provider is expanding India operations through strategic investments in infrastructure and skilled workforce. OVHcloud is responding to India's rapidly growing digital economy through localized solutions and investments ...