Stock Markets

Pakistan plans to unfreeze stock market by October 27

KarachiKarachi- Pakistan's main Karachi bourse on Friday reluctantly decided to unfreeze itself by October 27 only if the government fixes a cap on interest rates on loans taken by top brokers, sources said.

"The decision to unfreeze is only tentative. We are watching the government to see if it will inject money into the market and put a cap on interest rates," Akeel Karim Dhedhi, chairman of local giant AKD Securities told Deutsche Presse-Agentur dpa.

Wild opening on Wall Street

Wall Street sets negative records after bailout failsWashington- US stocks dropped sharply within minutes of opening on Wall Street Friday, but rallied just as quickly amid widespread uncertainty over the state of the US economy.

The Dow Jones Industrial Average plunged more than 600 points, briefly falling below 8,000 points, before paring nearly two-thirds of those losses. The blue-chip Dow was back to a less than

Arab bourses to remain cautious despite Thursday's rebound

Arab Stock MarketAmman - Arab stock markets, which witnessed a strong rally on Thursday, are expected to be vigilant next week with investors monitoring any developments on Wall Street and other global markets, financial analysts said Friday.

The rebound followed a bloody week that reportedly cost the Arab world about 180 billion dollars in losses.

Ukraine stock market closed again

Kiev - Ukraine's government on Friday ordered the stock market to stay closed, stopping shares trading by state instruction for the third time this week.

Management of the nation-leading PFTS stock exchange said it might allow shares trading later in the day, depending on the situation in both domestic and international markets.

The announcement came after a full day of trading on Thursday, during which stocks listed on the PFTS sank on average some 14 per cent in value.

The Ukrainian government halted trading on Wednesday and Monday as well in an a so-far unsuccessful attempt to slow panic sweeping the market, as Ukrainian shares have been dragged down by bad news in the US, Europe, and Asia.

Spanish stocks suffer new losses

Spanish stocks suffer new lossesMadrid - The Madrid stock market was dra

Moscow's bourses in trading freeze

Moscow - Russia's market authorities still had not opened the MICEX and RTS exchanges for trading Friday afternoon after US stocks tumbled to five-year lows and world markets sank on fears of a recession.

The Federal Financial Markets Service said Friday it suspended trade indefinitely on both indexes "in view of dramatic breakdowns on stock exchanges in Europe, Asia and the United States."

Moscow's bourses have been assailed not only by the global financial crisis, but undercut by their reliance on energy commodities, with the drop in oil prices and a war with Georgia two months ago that spooked risk-averse investors.

Pages