Stocks Sri Lankan shares end lower as communication services stocks dip BENGALURU: Sri Lankan shares settled lower on Thursday, hurt by a slump in communication services stocks. The CSE... Published 08 Aug, 2024 08:12pm
Forex SBP-held foreign exchange reserves increase $51mn, now stand at $9.15bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $51 million on a weekly basis,... Updated 08 Aug, 2024 10:33pm
Commodities Asia rice: Lacklustre demand, weak rupee drag down India rates India’s rice export prices fell this week due to sluggish demand and depreciation in the rupee to a record low,... Published 08 Aug, 2024 05:09pm
Companies Pak Suzuki shuts down plant, incurring ‘billions’ in losses due to govt restrictions EDB says restrictions come due to company's 'non-compliance' with safety regulations Updated 08 Aug, 2024 09:46pm
Companies Warner Bros Discovery slides as $9bn write-down highlights TV woes Shares of Warner Bros Discovery plunged 12% in premarket trading on Thursday after a $9.1 billion write-down of the... Published 08 Aug, 2024 04:57pm
Companies Mari Petroleum forms subsidiary with focus on cloud computing, AI Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, is looking to step into the... Updated 08 Aug, 2024 09:45pm
Stocks Indian shares log losses after central bank’s rate pause, hawkish comments BENGALURU: Indian shares ended lower in a volatile session on Thursday as investors booked profits after the central... Published 08 Aug, 2024 04:46pm
Commodities Copper steadies on raw material shortage and interest rate hopes LONDON: Copper prices steadied on Thursday on expectations of improved copper consumption in China and a larger than... Published 08 Aug, 2024 04:44pm
Commodities Palm oil snaps 3-day losing streak to settle higher KUALA LUMPUR: Malaysian palm oil futures edged higher on Thursday after a three-day losing streak, buoyed by... Published 08 Aug, 2024 04:41pm
Stocks Sentiment improves at PSX after strong corporate results, KSE-100 gains nearly 1% Benchmark index rallies after MARI, Meezan Bank's results Updated 08 Aug, 2024 10:32pm
Energy Mari Petroleum reports profit of Rs77.3bn in FY24, announces 800% bonus shares and dividend Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, posted a profit-after-tax (PAT)... Updated 08 Aug, 2024 09:16pm
Stocks China stocks edge up on likely safe-haven flows amid regional weakness SHANGHAI: China stocks rose slightly on Thursday, bucking weakness in broader Asian markets, as some investors... Published 08 Aug, 2024 03:00pm
Commodities Cocoa prices slip with market set to shift into surplus LONDON: Cocoa prices were lower on Thursday as favourable weather in West Africa raised the prospect of a global... Published 08 Aug, 2024 02:58pm
Forex Sterling inches up but still near one-month lows LONDON: The British pound edged up on Thursday, but remained close to this week’s one-month lows against the dollar,... Published 08 Aug, 2024 02:54pm
Money & Banking Meezan Bank’s profit up nearly 55% in 2QCY24 Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs26.89 billion for the second... Updated 08 Aug, 2024 09:44pm
Forex South African rand flat, global focus on US jobless claims JOHANNESBURG: South Africa’s rand was stable in early trade on Thursday, as markets traded cautiously ahead of US... Published 08 Aug, 2024 01:34pm
Bullion Rate Gold unchanged at Rs255,500 per tola in Pakistan Gold prices remained unchanged in Pakistan on Thursday as the yellow metal held steady in the international market.... Published 08 Aug, 2024 01:33pm
Forex Kenyan shilling stable; remittances help meet importer demand NAIROBI: Kenya’s shilling was stable on Thursday, with dollar inflows from remittances and non-governmental... Published 08 Aug, 2024 01:32pm
Forex Rouble edges up against yuan backed by forex sales MOSCOW: The Russian rouble strengthened slightly against the yuan on Thursday, bolstered by increased net daily... Published 08 Aug, 2024 01:21pm
Stocks London’s FTSE 100 inches lower as companies trade ex-dividend; earnings cap declines London’s FTSE 100 slipped on Wednesday, tracking global market sentiment, while investors assessed corporate updates... Published 08 Aug, 2024 01:19pm
Stocks Equity markets resume drops as volatility persists LONDON: European and Asian stock markets mostly fell Thursday, with analysts warning that this week’s volatility has... Updated 08 Aug, 2024 05:19pm
Exchange Rupee stable against US dollar Currency settles at 278.69 against the US dollar in inter-bank market Updated 08 Aug, 2024 09:04pm
Commodities Palm oil rises on stronger rival Dalian contracts, firmer crude oil KUALA LUMPUR: Malaysian palm oil futures rose on Thursday after a three-day losing streak, buoyed by stronger rival... Published 08 Aug, 2024 10:54am
Commodities Soybeans rise as bargain-buying supports; corn, wheat edge higher SINGAPORE: Chicago soybeans rose for the first time in three sessions on Thursday, as bargain-buying supported the... Published 08 Aug, 2024 10:37am
Bullion Rate Gold drifts higher on Mideast tensions, US rate outlook Prices of safe-haven gold edged higher on Thursday, supported by Middle East tensions and optimism surrounding US... Published 08 Aug, 2024 10:33am
Stocks Tech leads Asia stock selloff, yen gains in volatile week for markets TOKYO: Tech shares led a selloff in stock markets around Asia, while the yen and US bonds rebounded, as global... Published 08 Aug, 2024 10:31am
Forex Indian rupee to hold near 84/USD amid tepid risk; cenbank policy in focus MUMBAI: The Indian rupee is expected to open little changed on Thursday amid a decline in US and Asian equities,... Published 08 Aug, 2024 10:28am
Energy Oil prices steady after two days of gains LONDON: Oil prices held steady on Thursday after two sessions of gains, with growing supply risks in the Middle East... Updated 08 Aug, 2024 04:49pm
Stocks Australian shares fall as commodity-related stocks drag; AMP shines Australian shares opened lower on Thursday as mining and energy stocks lost ground, while money manager AMP jumped... Published 08 Aug, 2024 10:23am
Forex Yen firms after sharp drop as traders assess Japan’s rate path SINGAPORE: The yen firmed on Thursday after a sharp drop in the previous session in a volatile week that has left... Published 08 Aug, 2024 10:21am
Energy Indian bond yields flat, traders await central bank’s liquidity guidance MUMBAI: Indian government bond yields were barely changed in early trading on Thursday, as traders awaited... Published 08 Aug, 2024 10:18am
Forex China’s yuan ticks up slightly against dollar despite weak guidance SHANGHAI: China’s yuan was slightly firmer against the US dollar on Thursday, in tandem with a stronger Japanese... Published 08 Aug, 2024 10:11am
Stocks Japan’s Nikkei under pressure again after BOJ meeting minutes TOKYO: Japanese shares were under fresh pressure on Thursday as domestic chip stocks followed a slide on Wall Street... Published 08 Aug, 2024 10:07am
India’s central bank holds rates again, as expected MUMBAI: The Reserve Bank of India (RBI) kept its key interest rate unchanged on Thursday, as widely expected, as it... Published 08 Aug, 2024 10:02am
Commodities LME copper rebounds on soft dollar; outlook remains murky Copper prices edged up on Thursday helped by a weaker US dollar, but a jump in inventories and a pessimistic global... Published 08 Aug, 2024 09:59am
Stocks Indian shares extend losses as central bank keeps rates unchanged BENGALURU: Indian shares extended their losses on Thursday as the Reserve Bank of India stood pat on interest rates,... Published 08 Aug, 2024 09:56am
Companies Electric vehicles: companies are seemingly testing the market, but is Pakistan ready? Barring DFML, no other manufacturer of 4-wheel EVs has applied for a manufacturing certificate yet Published 08 Aug, 2024 08:00am
Industry Insurance firm wins jurisdictional dispute against ombudsman LAHORE: An insurance company has secured a victory in jurisdictional dispute against the insurance ombudsman. In a... Published 08 Aug, 2024 07:38am
Money & Banking Meezan Bank hosts Mastercard-led cybersecurity workshop KARACHI: Meezan Bank hosted first Mastercard-led cybersecurity workshop for advancement in cybersecurity ... Published 08 Aug, 2024 07:34am
Agriculture and Allied PARC, KOPIA to produce aeroponic potato seeds ISLAMABAD: Federal Minister for National Food Security and Research (MNFS&R) Rana Tanveer Hussain on Wednesday... Published 08 Aug, 2024 07:21am
Industry LCCI, Punjab Labour Dept organise awareness session on laws LAHORE: The Lahore Chamber of Commerce and Industry, in collaboration with the Punjab Labor Department, organized an... Published 08 Aug, 2024 07:16am
Chinese investors to be provided all possible support: governor LAHORE: Punjab Governor Sardar Saleem Haider Khan said on Wednesday that the Chinese investors will be provided all... Published 08 Aug, 2024 07:05am
Money & Banking MCB Bank posts highest-ever 1H PBT of Rs62.7bn KARACHI: The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad... Published 08 Aug, 2024 07:00am
Telecom services, consumer devices: Taxes are among highest in the world: GSMA ISLAMABAD: Taxes on telecom service providers, consumer devices and services in Pakistan are among the highest in ... Published 08 Aug, 2024 06:22am
Oil settles 2pc higher on falling US crude stockpiles NEW YORK: Oil prices gained more than 2% on Wednesday, bouncing back from multi-month lows, after data showed a... Published 08 Aug, 2024 06:22am
Rashid Mahmood made new FBR chief ISLAMABAD: The federal government has appointed Secretary Power Division, Rashid Mahmood as new Chairman Federal... Published 08 Aug, 2024 06:22am
Taxes Tax issues FTO to establish ‘help desk’ at KATI KARACHI: Federal Tax Ombudsman Dr. Asif Mahmood Jah has announced the establishment of a help desk at the Korangi... Published 08 Aug, 2024 06:22am
Taxes Italy doubles ‘flat tax’ for the rich who move fiscal residence to country ROME: The Italian government approved a decree on Wednesday doubling to 200,000 euros ($218,220.00) per year a flat... Published 08 Aug, 2024 06:22am
Industry High power bills, ‘unjust’ taxes: Traders to stage protest demonstration today KARACHI: The city’s business community has announced a protest demonstration against the soaring electricity bills... Published 08 Aug, 2024 06:22am
Money & Banking Yen down against dollar NEW YORK: The yen dropped on Wednesday after an influential Bank of Japan official played down the chances of a... Published 08 Aug, 2024 06:22am
Money & Banking Asian currencies under pressure as dollar firms BENGALURU: Emerging Asian equities rose on Wednesday, with tech-heavy Taiwan and South Korea bourses leading gains ... Published 08 Aug, 2024 06:22am
12-month govt bonds: Cut-off yield down 7.7pc to 17.73pc in a year KARACHI: The cut-off yield of 12-month government bonds declined by 7.7 percent to 17.73 percent during the last one... Updated 08 Aug, 2024 07:08am