News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Technology

Startup rush: Pakistan fintech Savyour raises $3.3mn in seed round

Pakistan’s startup scene seems to be racing at top gear as another fintech, Savyour, which says it has developed...

Updated 09 Nov, 2021 08:41pm

Markets

Roshan Digital Account: Inflows hit $2.68 billion, but pace slows down in October

Out of the overall deposit, 69% has been invested in Naya Pakistan Certificates, while a mere 1% has gone to the stock market

Updated 05 Nov, 2021 10:05pm

Markets

Over 6.2 million bales of cotton reach ginneries, up 81% year-on-year: PCGA

As per the fortnightly report, total arrival surged to 6.257 million bales as of November 1, compared to 3.452 million bales in the same period last year

Updated 03 Nov, 2021 07:33pm

Business & Finance

Inflation reading increases to four-month high, stands at 9.2% in October

Inflation is a key indicator for the govt these days that is battling various issues on the economic front

Updated 01 Nov, 2021 08:16pm

Technology

Xiaomi partners with Air Link to manufacture smartphones in Pakistan

Development comes after Air Link last month announced that it will incorporate a wholly-owned subsidiary 'Select Technologies (Pvt) Limited'

Updated 01 Nov, 2021 08:01pm

Markets

After technical issues, stock brokers association slams PSX for 'new trading system'

Volumes reduce significantly as members face difficulties in conducting transactions

Published 26 Oct, 2021 10:42pm

Markets

Pakistan's power generation increases, but so does cost

Output was 7% higher in September, but cost increased 65% year-on-year

Published 21 Oct, 2021 02:38pm

Markets

KSE-100 gains 870 points as investor sentiment soothed on IMF front

Reports of IMF talks moving 'positively' seem to have calmed nerves at stock market

Updated 20 Oct, 2021 06:52pm

Technology

ADB-backed Rider raises $2.3 million in seed round

Karachi-based startup announces raising funds in round led by ADB Ventures, Global Founders Capital, Fatima Gobi Ventures among others

Published 20 Oct, 2021 01:14pm

Business & Finance

Remittances clock in at $2.67 billion in September

Amount nearly 17% higher year-on-year

Published 08 Oct, 2021 06:37pm

Business & Finance

Roshan Digital Accounts: Pace picks up as inflow crosses $2.4 billion in 13 months

Inflow amounting to $297 million received in September alone, over 21% high month-on-month

Updated 08 Oct, 2021 01:22pm

Business & Finance

Rising coal prices spelling trouble for local cement sector: report

Rising commodity prices in international markets especially coal have raised concerns for the local cement sector,...

Published 07 Oct, 2021 09:26pm

Business & Finance

Air Link announces wholly-owned subsidiary for mobile device manufacturing

Subsidiary would take on additional mobile device manufacturing of certain selected brand(s)

Updated 06 Oct, 2021 01:00pm

Business & Finance

GGL set to launch IPO of subsidiary Ghani Chemicals Industries

Riding the wave of fresh public listings, Ghani Global Holdings Limited (GGL), a Lahore-based industrial and...

Published 04 Oct, 2021 03:17pm

Business & Finance

Hours before deadline, FBR’s Iris portal becomes non-functional

Filers of tax returns complain of page's functionality for past 8-9 hours

Updated 30 Sep, 2021 01:48pm

Markets

KSE-100 companies: Earnings jump 56% year-on-year, register record high

Analysis features results of 83 companies while remaining 17 have not disclosed earnings yet

Published 28 Sep, 2021 03:44pm

Technology

Pakistan’s fintech Oraan raises $3m

Pakistan's fintech Oraan has raised $3 million in the largest seed funding closed by a local women-led startup,...

Updated 27 Sep, 2021 03:43pm

Business & Finance

ADB says Pakistan's economy to grow at 4% in FY22

Forecast is lower than what the government is targeting

Updated 22 Sep, 2021 10:29pm

Business & Finance

KSE-100 recovers after intra-day fall of over 1,200 points

Benchmark index reacts to triggers emanating from regional markets as well as interest-rate hike in Pakistan

Updated 22 Sep, 2021 06:18pm

Business & Finance

Karachi emerges among least safe major cities in the world: EIU report

Ranked 59th out of 60 peers in The Safe Cities Index 2021 report compiled by The Economist Intelligence Unit

Published 21 Sep, 2021 12:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	154.51
USD to Swiss Franc / Jan 29	0.91
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
India Sensex / Jan 29	76,532.96
Tokyo Nikkei / Jan 29	39,550.38
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,557.81
Dow Jones / Jan 29	44,713.52
Germany DAX 30 / Jan 29	21,637.53

Item	Value
Crude Oil USD/Barrel / Jan 29	72.65
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Gold Spot USD/Ounce / Jan 29	2,761.89
Cotton US¢/pound / Jan 29	66.56
Petrol/Litre / Jan 30	256.13

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jan 30 Security Investment Bank Limited(SIBL)	9.48 ▲ 0.88 (10.23%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sanghar Sugar / Jan 30 Sanghar Sugar Mills Limited(SANSM)	33.76 ▲ 3.07 (10%)
Supernet Ltd. / Jan 30 Supernet Limited (GEM)(GEMSPNL)	21.78 ▲ 1.98 (10%)
Leather Up Ltd. / Jan 30 Leather Up Limited(LEUL)	48.85 ▲ 4.44 (10%)
AL-Noor Sugar / Jan 30 Al-Noor Sugar Mills Limited(ALNRS)	85.79 ▲ 7.79 (9.99%)
Saritow Spinning / Jan 30 Saritow Spinning Mills Limited(SSML)	16.29 ▲ 1.48 (9.99%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	16.21 ▲ 1.47 (9.97%)
Grays Leasing / Jan 30 Grays Leasing Limited(GRYL)	5.19 ▲ 0.45 (9.49%)

Stock	Price
Premier Sugar / Jan 30 The Premier Sugar Mills(PMRS)	359.58 ▼ -39.95 (-10%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.11 ▼ -2.75 (-9.53%)
Pak Gen.Ins. / Jan 30 The Pakistan General Insurance Co. Ltd.(PKGI)	7.72 ▼ -0.77 (-9.07%)
Nazir Cotton Mills / Jan 30 Nazir Cotton Mills Limited(NCML)	11.01 ▼ -0.99 (-8.25%)
Shahmurad Sugar / Jan 30 Shahmurad Sugar Mills Limited(SHSML)	370.51 ▼ -28.19 (-7.07%)
United Brands / Jan 30 United Brands Limited(UBDL)	21.81 ▼ -1.26 (-5.46%)
Rupali polyester / Jan 30 Rupali Polyester Limited(RUPL)	19.26 ▼ -0.74 (-3.7%)
Sindh Abadgar / Jan 30 Sindh Abadgar's Sugar Mills Limited(SASML)	42.77 ▼ -1.61 (-3.63%)
Service Ind.Ltd / Jan 30 Service Industries Limited(SRVI)	1,350 ▼ -49.81 (-3.56%)

Stock	Volume
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.1
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.02
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.54
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.79
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.01
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	15,998,837 ▲ 0.6
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.21
Fauji Foods Ltd / Jan 30 Fauji Foods Limited(FFL)	12,818,739 ▲ 0.02
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	11,695,375 ▲ 0.14

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