News stories for BR Web Desk - Business Recorder

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Pakistan

Govt reduces petrol price by Rs4.74, HSD’s by Rs3.86 per litre

New prices come into effect from June 1, 2024

Updated 01 Jun, 2024 12:46am

Business & Finance

PM Shehbaz seeks action plan to attract Chinese industrial investments

Premier will visit China from June 4 to 8

Published 31 May, 2024 08:55pm

Markets

Reversal in stance: SBP might opt for rate cut in upcoming MPC meeting, brokerage house says

The State Bank of Pakistan (SBP), scheduled to announce the key policy rate on June 10 (Monday), might opt for...

Updated 31 May, 2024 11:40pm

Markets

Gold price per tola increases Rs500 in Pakistan

After declining in the previous session, gold prices rose in Pakistan on Friday in line with an increase in the...

Published 31 May, 2024 02:38pm

Pakistan

Azerbaijan FM acknowledges Pakistan’s ‘pivotal role’ in regional stability: ISPR

Calls on Chief of Army Staff General Syed Asim Munir

Updated 31 May, 2024 11:15pm

Markets

Saudi Aramco completes acquisition of 40% stake in GO Pakistan

Acquisition represents energy giant first downstream retail investment in Pakistan, says company

Updated 31 May, 2024 08:28pm

Pakistan

Pakistan’s FY25 budget to be presented on June 10, sources say

ISLAMABAD: Pakistan will present the financial year 2024/25 annual budget on June 10, two government sources said on...

Updated 31 May, 2024 11:18pm

Pakistan

PM Shehbaz to visit China on June 4: FO

ISLAMABAD: Prime Minister Shehbaz Sharif will visit China from June 4 to 8 on the invitation of President Xi...

Updated 31 May, 2024 06:27pm

Markets

Bullish momentum at PSX, KSE-100 gains over 1,000 points

Bullish momentum was witnessed at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 index gained over...

Updated 31 May, 2024 07:52pm

BR’s refresher: your morning briefing for the day

Important updates from May 30, 2024

Published 31 May, 2024 08:35am

Markets

SBP-held foreign exchange reserves decrease $63mn, now stand at $9.09bn

Total liquid foreign reserves held by the country stand at $14.31 billion

Updated 30 May, 2024 10:28pm

Pakistan

Pakistan launches PakSAT-MM1 for faster internet connectivity

Pakistan on Thursday launched its second communication satellite, PakSAT-MM1, with an aim for a faster internet...

Updated 30 May, 2024 10:27pm

Markets

KSE-100 drifts higher in range-bound session

A range-bound session on the Pakistan Stock Exchange (PSX) ended on Thursday with the benchmark KSE-100 Index...

Published 30 May, 2024 05:57pm

Markets

Power loadshedding to continue on high-loss feeders, says Leghari

Providing electricity to such feeders will add to power sector losses, energy minister says

Updated 30 May, 2024 08:05pm

Markets

Gold price per tola falls Rs1,500 in Pakistan

Gold prices fell in Pakistan on Thursday in line with a decrease in the international rate. In the local market,...

Updated 30 May, 2024 10:21pm

Business & Finance

Electric vehicle: DFML enters into agreement with EGML to manufacture Honri-VE

Dewan Farooque Motors Limited (DFML) said that it has entered into a toll manufacturing agreement with ECO-Green...

Updated 30 May, 2024 10:29pm

Pakistan

Formation commanders say politically motivated 'digital terrorism' meant to sow discord among national institutions

Chief of Army Staff (COAS) General Syed Asim Munir presides over the 83rd Formation Commanders Conference at GHQ

Updated 30 May, 2024 11:27pm

Pakistan

Pakistan, Azerbaijan resolve to further strengthen bilateral strategic relations

Foreign Minister of Azerbaijan Jeyhun Bayramov and FM Isha Dar review progress on bilateral relations and exchang views on regional and global developments

Updated 30 May, 2024 02:20pm

Pakistan

NAB laws case: SC rejects plea to broadcast live proceedings

The Supreme Court (SC) rejected on Thursday the Khyber Pakhtunkhwa government’s request for live broadcast of the...

Updated 30 May, 2024 08:14pm

Business & Finance

Lucky TG to buyback shares amid ‘uncertain economic conditions’

Citing economic conditions, Lucky Core Industries Limited’s (LCI) subsidiary Lucky TG (Private) Limited (LTG) will...

Updated 30 May, 2024 10:22pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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