(Reuters) - U.S. stocks ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances in months, after comments from Federal Reserve official James Bullard that the U.S. central bank might raise interest rates sooner than previously expected spooked investors.
Listless trading at the Pakistan Stock exchange caused the exchange to remain sideways for most of trading. The KSE100 index gained 81 points to settle at 48,239.
LONDON (Reuters) - Wall Street headed for a weak start on Friday as investors reassessed their bets on recovery plays after the U.S. Federal Reserve’s hawkish stance further fuelled the dollar, while denting prices of commodities and other reflation plays.
SHANGHAI (Reuters) - Asian shares inched higher on Friday but were set for a weekly loss, while the U.S. dollar hovered near two-month highs as investors continued to digest comments from the U.S. Federal Reserve projecting interest rate hikes in 2023.
Bears took over at the Pakistan Stock Exchange with the index recording another negative close. The KSE100 index went down by 323 points to settle at 48,158.
(Reuters) - Weakness in tech shares pulled Wall Street lower at the open on Thursday after the Federal Reserve signaled it could start tapering its stimulus earlier than expected, piling pressure on a sector that is seen as vulnerable to higher interest rates.
In the absence of any positive triggers the Pakistan Stock Exchange recorded another negative close. The KSE100 index lost 152 points to settle at 48,481.
