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Industry

Startup Investment Rise to $77M in Pakistan

Startup investments in Pakistan increased by 97 percent in 2020 as compared to 2019, according to data from MAGNiTT's 'State of Startup Funding - 2021 Emerging Venture Markets' Report.
The number of startup deals in Pakistan also went up by 45% this year as opposed to the general downward trend in the MENA region.

Published 21 Jan, 2021 07:27pm

Industry

India's TCS reports higher profit as remote work drives cloud demand

The results kick off India's corporate earnings season for the December-quarter, a seasonally weak period for the software industry.
Growing demand for core transformation services ... have driven a powerful momentum that helped us overcome seasonal headwinds.

Published 08 Jan, 2021 06:28pm

Industry

Italy court dismisses Iliad's request to scrap Fastweb-Wind Tre 5G deal

Iliad, Italy's fourth-largest mobile phone player, filed a complaint a year ago, saying the deal - which received the green light by both the industry minister.
The court argued Iliad did not have the right to ask the annulment of a commercial agreement between two private companies.

Published 08 Jan, 2021 06:20pm

Industry

M&S clothing sales cut by British lockdown measures

Clothing and home sales down 25.1% in its third quarter.
Food sales in the quarter rise 2.2%.
M&S says near term trading "very challenging".
Says progress with turnaround masked by COVID-19 effects.
Shares down 2.3%, down 29% on year.

Published 08 Jan, 2021 04:47pm

Industry

Chile says consumer prices rose 0.3pc in December

Inflation registered an increase in the 12 months to December of 3.0%, the National Statistics Institute (INE) said.
In its December Monetary Policy Report (IPoM), the agency estimated that inflation would reach 2.8% in 2020.

Published 08 Jan, 2021 04:40pm

Industry

PIA suspends flights to/from KSA for one week

KARACHI: Pakistan International Airlines (PIA) has temporarily suspended its flights to/from Saudi Arabia for a week...

Updated 22 Dec, 2020 04:03am

Industry

Careem reduces its commission in support of restaurants

KARACHI: Careem, the super app of the Middle East and Pakistan, has announced to slash its restaurant commission...

Published 13 Dec, 2020 02:44am

Industry

Boeing 787 delivery dry spell adds to 737 MAX woes

Jet deliveries are being closely scrutinized by investors as they generate much-needed cash during the coronavirus crisis.
Boeing's closely watched monthly orders and deliveries snapshot comes five days after Ireland's Ryanair booked a December order for 75 737 MAX jets.

Published 09 Dec, 2020 02:06am

Industry

Airbus delivered 64 jets in November, down 34pc so far this year

Deliveries included seven wide-body A350 jets and 56 single-aisle jets including 54 of the main A320neo narrow-body family.
Deliveries are being closely scrutinized by investors as they generate much-needed cash during the coronavirus crisis.

Published 08 Dec, 2020 12:50am

Industry

Int'l virtual textile exhibition in Feb '21

KARACHI: Trade Development Authority of Pakistan (TDAP) is going to arrange first international virtual textile...

Published 02 Dec, 2020 02:49am

Industry

Pakistan’s Exports Rise by 7.2 pc amidst Pandemic: Razak Dawood

Pakistan's exports increase by 7.2 percent during the month of November 2020 as compared to the same period last year, according to Razak Dawood.

Published 01 Dec, 2020 11:05pm

Industry

60pc of Balochistan is without Internet Coverage.

A province-wise breakdown of the Economist Intelligence Unit's Internet Inclusiveness Index indicates that 60 percent of Balochistan is not covered by the internet.

Updated 01 Dec, 2020 03:28pm

Industry

Airline industry to suffer $314bn losses amid COVID-19

With about 70 percent of global capacity idled, the airline industry stands to lose $314 billion in ticket sales th

Updated 21 May, 2020 11:40pm

Industry

‘Tis the season…

And it really is. Cement sales—despite all the negative reporting about economic fatigue, manufacturing recession, deman

Published 04 Dec, 2019 07:21am

Industry

Cement: To the north!

Total sales in the Jul-Oct period for the cement industry as a whole has grown by 4 percent compared to the period last

Updated 11 Nov, 2019 11:40am

Industry

Cement finding confidence

Though cement demand is not catapulating, there are clear signs that market is becoming slightly more confident, and the

Updated 06 Nov, 2019 06:04am

Industry

Cement: Survival or revival—II?

Wake me up when September ends; so the song goes. And it seems construction demand may have just woken up after a prolon

Updated 23 Oct, 2019 01:01pm

Industry

ISL: screaming all signs of manufacturing recession

The economic planners of the country must cherish Pakistan’s moth-eaten manufacturing base in secret. At least that’s th

Updated 18 Oct, 2019 08:18am

Industry

Attock: humble beginnings

Despite closing FY19 a touch better than many of its peers in the cement industry, it was long decided that Attock Cemen

Updated 16 Oct, 2019 06:48am

Industry

Exports: barely rescuing cement

Cement companies don’t have a choice but to lend focus to exports, but it seems, even there they have few offerings

Updated 23 Oct, 2019 01:54pm

Industry

Cements plunge!

The cement industry had a troubling FY19 but the blows are still coming. Cement companies saw that profitability came do

Updated 07 Oct, 2019 07:19am

Industry

Kohat on thick ice

Kohat Cement (PSX: KOHC) is one of those rare companies that are small in size but can still fare a storm when it hits t

Updated 23 Oct, 2019 01:41pm

Industry

Cement’s cost of borrowing

Back in 2016 when the CPEC had just been signed and the economy was visibly booming with government development spending

Updated 27 Sep, 2019 06:02am

Industry

Auto sales: the invisible hand appears

Predictably, car demand has plummeted as we kick of FY20. Auto makers had been raising prices every few months citing ru

Updated 19 Sep, 2019 11:42am

Industry

DGKC is not looking back!

Even as DG Khan Cement’s (PSX: DGKC) unconsolidated earnings shrink by 82 percent in FY19 (from a solid Rs8.8 billion to

Updated 18 Sep, 2019 06:51am

Industry

Global coal markets in distress

Coal customers should stock up—which includes coal-fired power generating companies here and abroad as well as cemen

Updated 05 Sep, 2019 07:26am

Industry

Cement’s inverted U-turn

As cement companies consolidate their annual financial results, two things are certain. They would not be boosting very

Updated 03 Sep, 2019 05:20am

Industry

Cement: (lack of) confidence signaling

Unlike big automakers like Indus Motors that have historically distributed over 70 percent of their earnings to sharehol

Updated 30 Aug, 2019 05:06am

Industry

Tough six months at Nestlé Pakistan

Nestlé Pakistan announced its financial results for 1HCY19 continuing with its high dividend payout – announcing Rs90/sh

Updated 27 Aug, 2019 06:49am

Industry

Manufacturing recession!

Large Scale Manufacturing (LSM) has made headlines again; people are talking about how it is the first ever contraction

Published 22 Aug, 2019 06:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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