News stories for BR Web Desk - Business Recorder

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Markets

Positivity returns to PSX, KSE-100 gains 357 points

After three consecutive negative sessions, positivity returned to the Pakistan Stock Exchange (PSX) as the benchmark...

Published 29 Aug, 2024 06:12pm

Pakistan

Pakistan needs to overcome ‘fear of debt restructuring’: Dr Murtaza Syed

Former governor of State Bank of Pakistan (SBP) Dr Murtaza Syed on Thursday urged countries including Pakistan to...

Updated 29 Aug, 2024 10:27pm

Pakistan

FO confirms India’s Modi invited to SCO meeting in Islamabad

Foreign Office says invitations to the upcoming Shanghai Cooperation Organisation Council of Heads of Government meeting have been sent to all member country heads of government

Published 29 Aug, 2024 05:16pm

Sports

President confers Hilal-e-Imtiaz upon Olympian Arshad Nadeem

President Asif Ali Zardari on Thursday conferred the Hilal-e-Imtiaz on Olympic gold medalist Arshad Nadeem. The...

Updated 29 Aug, 2024 05:17pm

Sports

Shaheen Afridi dropped for second Bangladesh Test

Shaheen Shah Afridi has been left out of the Pakistan team for the second Bangladesh Test starting on August 30 in...

Published 29 Aug, 2024 04:38pm

Business & Finance

Fauji Foundation wants to acquire controlling stake in Agha Steel Industries

Fauji Foundation, one of the largest conglomerates in Pakistan, has expressed its intention to acquire shares and...

Updated 29 Aug, 2024 09:15pm

Markets

No intention to tax imported solar panels, says Leghari

Federal Minister for Power Sardar Owais Ahmed Khan Leghari said the incumbent government has no intention to impose...

Updated 29 Aug, 2024 10:26pm

Pakistan

PM Shehbaz arrives in Quetta to review security situation in Balochistan

Will chair high-level meeting on overall law and order

Updated 29 Aug, 2024 09:48pm

Markets

PSX appoints Nadeem Naqvi as interim CEO

The Board of Directors (BoD) of Pakistan Stock Exchange Limited (PSX) has appointed Nadeem Naqvi, a Shareholder...

Updated 29 Aug, 2024 03:04pm

Markets

Gold price per tola decreases Rs2,200 in Pakistan

After hitting record highs in the previous session, gold prices in Pakistan declined on Thursday, despite an...

Updated 29 Aug, 2024 03:05pm

Pakistan

Thousands evacuated as cyclone builds off India and Pakistan’s coast

Heavy rains battered India and Pakistan’s coastal areas along the Arabian Sea, flooding cities in western India’s...

Updated 29 Aug, 2024 10:25pm

Pakistan

5.4 magnitude earthquake jolts parts of KPK, Islamabad

A 5.4 magnitude earthquake jolted parts of Khyber Pakhtunkhwa and Islamabad on Thursday. The National Seismic...

Updated 29 Aug, 2024 09:15pm

BR’s refresher: your morning briefing for the day

Important updates from August 28, 2024

Published 29 Aug, 2024 08:39am

Markets

Lack of positive triggers: KSE-100 closes marginally lower to settle below 78,000

The Pakistan Stock Exchange’s (PSX) KSE-100 Index closed marginally lower by 91 points on Wednesday as the index...

Updated 28 Aug, 2024 08:51pm

Sports

PCB announces Champions One-Day Cup schedule

Pakistan Cricket Board (PCB) on Wednesday announced the schedule for the Champions One-Day Cup. According to a PCB...

Published 28 Aug, 2024 05:28pm

Pakistan

Pakistan, Turkiye call for more G2G, B2B partnerships

Authorities in Pakistan and Turkiye stressed on enhancing bilateral trade and investment portfolio through more...

Updated 28 Aug, 2024 07:36pm

Pakistan

Moody’s upgrades Pakistan’s ratings to Caa2, outlook now positive

Upgrade reflects Pakistan’s improving macroeconomic conditions, says Moody's
Expects IMF to approve the EFF in the next few weeks

Updated 28 Aug, 2024 08:04pm

Business & Finance

Faysal Bank’s profit surges 60%, clocks in at Rs7bn in Apr-June

Faysal Bank posted a consolidated profit after tax of Rs6.95 billion for the quarter ended June 30, 2024, nearly 60%...

Updated 28 Aug, 2024 04:58pm

Business & Finance

April-June: PTCL sustains Rs3.4bn in losses as finance cost bites

Pakistan Telecommunication Company Limited (PTCL) sustained massive losses to the tune of Rs3.4 billion during the...

Updated 28 Aug, 2024 04:59pm

BR’s refresher: your morning briefing for the day

Important updates from August 27, 2024

Published 28 Aug, 2024 08:40am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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