News stories for BR Web Desk - Business Recorder

BR Web Desk

Markets

Profit-taking persists, KSE-100 loses 1,320 points to close below 89,000

Profit-taking dominated proceedings at the Pakistan Stock Exchange (PSX) for the second straight session on...

Updated 31 Oct, 2024 11:00pm

Pakistan

FO rejects ‘advice’ regarding Pakistan, TTP dialogue

Mumtaz Zahra Baloch says Pakistan is committed to providing full security to Chinese nationals, projects, and institutions in the country

Updated 31 Oct, 2024 06:52pm

Business & Finance

Shell Pakistan Limited to become Wafi Energy Pakistan Limited

The Board of Directors (BoD) of Shell Pakistan Limited (SHEL) has approved changing the company’s name to the...

Updated 31 Oct, 2024 06:55pm

Business & Finance

Trouble in textile: Janana De Malucho shuts operations amid rising costs, cotton shortage

In yet another concerning development for Pakistan’s vital textile sector, Janana De Malucho Textile Mills Limited...

Updated 31 Oct, 2024 07:22pm

Pakistan

Govt posts a rare budget surplus of Rs1.7tn in Q1FY25

Only Punjab recorded a budget deficit among provinces

Updated 31 Oct, 2024 09:34pm

Pakistan

PM Shehbaz, Qatari PM Al-Thani discuss global, regional issues

Pakistan and Qatar discussed regional and global issues as well as avenues to further strengthen bilateral relations...

Updated 31 Oct, 2024 11:00pm

Business & Finance

PIA privatisation: Blue World City refuses to match PC’s ‘minimum expectation’ of Rs85.03bn, sticks to Rs10bn offer

Process of PIA bidding concludes with just one sole bid
Ball now in PC and cabinet's court

Updated 01 Nov, 2024 09:55am

Business & Finance

HUBCO plans to install EV charging network across Pakistan

Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), is in the process of...

Updated 31 Oct, 2024 09:37pm

BR’s refresher: your morning briefing for the day

Important updates from October 30, 2024

Published 31 Oct, 2024 08:34am

Pakistan

Major, two soldiers martyred in Bannu IBO: ISPR

An army major and two soldiers were martyred on Wednesday while eight terrorists were killed in an...

Published 30 Oct, 2024 11:40pm

Pakistan

Pakistan, Russia agree to boost cooperation in maritime security

Pakistan and Russia Wednesday agreed to strengthen cooperation in maritime security and naval technology, Radio...

Published 30 Oct, 2024 10:08pm

Markets

Gold hits fresh record high of Rs287,900 per tola in Pakistan

Gold prices in Pakistan continued to march upwards on Wednesday in line with their increase in international rates....

Published 30 Oct, 2024 06:25pm

Pakistan

Pakistan, India should unite against smog: CM Maryam

Says this is not political, but a humanitarian issue

Updated 30 Oct, 2024 09:59pm

Pakistan

Pakistan, Vietnam vow to strengthen ties

PM Shehbaz Sharif and his Vietnamese counterpart Pham Minh Chinh discuss ways to strengthen bilateral relations

Updated 30 Oct, 2024 09:04pm

Pakistan

Finance ministry sees Pakistan’s headline inflation at 6-7% in October 2024

CPI to decelerate further in November to 5.5-6.5%, says finance ministry

Updated 30 Oct, 2024 10:43pm

Pakistan

Additional MoUs: Saudi Arabia, Pakistan enhance scope of partnership to $2.8bn

Saudi Arabia Minister for Investment says seven additional MoUs signed

Updated 30 Oct, 2024 09:21pm

Pakistan

PM Shehbaz arrives in Doha on two-day visit

Prime Minister Shehbaz Sharif arrived in Doha on Wednesday on a two-day official trip at the invitation of the Amir...

Updated 30 Oct, 2024 07:25pm

Pakistan

PM Shehbaz condemns Israel’s obstruction of UNRWA operation in Palestine

Says Israel is committing yet another blatant violation of international humanitarian law and the UN Charter

Updated 30 Oct, 2024 10:01pm

Business & Finance

Pakistan’s largest IPP HUBCO posts Rs20.3bn profit in 1QFY25 despite revenue dip

Despite lower revenue, Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw...

Updated 30 Oct, 2024 09:09pm

Markets

KSE-100 snaps 7-session rally as profit-taking erases intra-day gains

Profit-taking at the Pakistan Stock Exchange (PSX) erased all intra-day gains and threw stocks in the red after the...

Updated 30 Oct, 2024 09:59pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	154.72
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20
France CAC40 / Jan 30	7,941.64
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Petrol/Litre / Jan 31	256.13
Crude Oil USD/Barrel / Jan 31	72.68
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,793
Diesel/Litre / Jan 31	260.95

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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