Automobile Car sales down 36% MoM in July over budgetary measures Car sales in Pakistan saw a significant month-on-month (MoM) drop in July 2024, plummeting by 36% to 8,589 units,... Updated 12 Aug, 2024 11:06pm
Stocks Wall St edges lower in lead up to data deluge Wall Street’s main indexes were marginally lower on Monday as investors refrained from making large bets ahead of a... Published 12 Aug, 2024 07:40pm
Stocks Sri Lanka shares inch up as consumer discretionary stocks gain BENGALURU: Sri Lankan shares closed higher on Monday, aided by gains in consumer discretionary stocks. The CSE All... Published 12 Aug, 2024 06:36pm
Stocks Most Gulf markets gain ahead of US data Most stock markets in the Gulf closed higher on Monday, in line with global shares, as investors looked ahead to... Published 12 Aug, 2024 06:33pm
Commodities Copper rallies ahead of Chinese and US data LONDON: Copper rose alongside equities on Monday as traders bought back short positions on the expectation of... Published 12 Aug, 2024 06:05pm
Commodities Share of Russian aluminium in LME warehouses rose to 65% in July LONDON: The share of available aluminium stocks of Russian origin in warehouses approved by the London Metal... Published 12 Aug, 2024 05:02pm
Energy OPEC cuts 2024 oil demand growth forecast, citing China LONDON: OPEC on Monday cut its forecast for global oil demand growth in 2024, citing weaker than expected data for... Published 12 Aug, 2024 04:55pm
Stocks Indian shares trim losses as banks offset Hindenburg report BENGALURU: Indian shares recovered most early losses to close marginally lower on Monday, as gains in bank stocks... Published 12 Aug, 2024 04:32pm
Commodities Palm oil close lower on weak August export, stronger ringgit BEIJING/SINGAPORE: Malaysian palm oil futures ended lower on Monday, ending a two-session rise as softening exports... Published 12 Aug, 2024 04:29pm
Companies Millat Tractors warns of shutdown amid GST dispute and plummeting sales Millat Tractors Limited (MTL), Pakistan’s largest tractor manufacturer, has signaled that it may have to shut down... Updated 12 Aug, 2024 10:15pm
Stocks KSE-100 sheds 589 points amid wider market selling pressure The Pakistan Stock Exchange (PSX) experienced widespread selling pressure on Monday, resulting in a significant... Updated 12 Aug, 2024 07:29pm
Europe Billions in dollar and euro notes reach Russia despite sanctions LONDON: Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU... Published 12 Aug, 2024 03:47pm
Forex Sterling pauses as traders await key UK economic data LONDON: Sterling firmed slightly on Monday after four straight weeks of declines versus the dollar, as traders... Published 12 Aug, 2024 03:15pm
Forex Ugandan shilling firms slightly on weaker demand KAMPALA: The Ugandan shilling firmed slightly on Monday amid a slump in appetite for hard currency from across... Published 12 Aug, 2024 03:12pm
National Saving Schemes: CDNS reduces profit rates on some of its products The Central Directorate of National Savings (CDNS) has reduced profit rates on several of its National Savings... Updated 12 Aug, 2024 10:14pm
Forex Kenyan shilling slightly stronger versus dollar NAIROBI: Kenya’s shilling firmed slightly against the US dollar on Monday, LSEG data showed. Kenyan shilling firms... Published 12 Aug, 2024 03:02pm
Stocks Major Gulf markets mixed in early trade Major stock markets in the Gulf were mixed in early trade on Monday ahead of major US and Chinese economic data,... Published 12 Aug, 2024 01:39pm
Forex South African rand firms at start of data-packed week JOHANNESBURG: The South African rand was stronger in early trade on Monday at the start of a week filled with... Published 12 Aug, 2024 01:37pm
Stocks FTSE 100 rises amid broad gains; BT Group outperforms London stocks inched higher on Monday amid broad gains, after rounding off a turbulent week with declines, while... Published 12 Aug, 2024 01:33pm
Commodities China raise 2023/24 soy import forecast in August BEIJING: China’s agriculture ministry raised its forecast for soybean imports in the 2023/24 crop year to 98.37... Published 12 Aug, 2024 01:30pm
Stocks China stocks range-bound as slowdown concerns weigh on sentiment SHANGHAI: China stocks traded in a narrow range on Monday, even as regional markets advanced, as concerns... Published 12 Aug, 2024 01:19pm
Forex China’s yuan weakens ahead of US inflation reading, domestic data SHANGHAI: China’s yuan weakened against the US dollar on Monday, in tandem with a softer Japanese yen, but is... Published 12 Aug, 2024 01:16pm
Stocks European shares rise as investors brace for data-packed week European shares opened trade on a positive note on Monday, as investors prepared for a deluge of key economic data... Published 12 Aug, 2024 01:13pm
Commodities Gold unchanged at Rs256,500 per tola in Pakistan Gold prices in Pakistan remained stable on Monday, even as international rates saw an increase. In the local market,... Published 12 Aug, 2024 01:09pm
Mutual Funds Euro zone bonds steady as traders await this week’s US inflation report Euro zone government bond yields edged higher on Monday after a volatile week of trading on worries around the US... Published 12 Aug, 2024 01:06pm
South Asia Adani Group shares lose up to $13.4bn after Hindenburg accusations against regulator BENGALURU: Adani Group companies lost as much as $13.4 billion in market value on Monday but recovered much of the... Updated 12 Aug, 2024 04:37pm
Energy OGDCL commences tight gas production from Sindh Nur West Well-1currently produces 1.5 million standard cubic feet per day (MMSCFD) of gas Updated 12 Aug, 2024 10:32pm
Commodities Iron ore slides as soft China demand heightens supply pressure BEIJING: Iron ore futures slid on Monday, dragged down by heightened supply pressure, while traders gauged soft... Published 12 Aug, 2024 10:40am
Energy Indonesia eases local content requirement for solar power plants to 20%, official says JAKARTA: Indonesia eased the minimum local content requirement for solar power plants to 20% from around 40%... Published 12 Aug, 2024 10:38am
Exchange Rupee registers marginal decline against US dollar Currency settles at 278.64 against greenback in inter-bank market Updated 12 Aug, 2024 08:43pm
Australia’s central bank underlines uncertainty about economy, policy forecasting SYDNEY: Australia’s central bank said on Monday economic forecasts were subject to huge uncertainty, one reason that... Published 12 Aug, 2024 10:25am
Stocks Banks push Australian shares higher, corporate earnings in focus Australian shares rose for a second straight session on Monday, helped by gains in heavyweight banks, as traders... Published 12 Aug, 2024 10:23am
Commodities BHP, Rio Tinto, Qantas to invest $53mn in Australian carbon credit fund SYDNEY: BHP, Rio Tinto and Qantas will invest a total of A$80 million ($52.7 million) as early-stage investors in an... Published 12 Aug, 2024 10:16am
Bullion Rate Gold subdued as investors focus on US inflation data Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed... Published 12 Aug, 2024 10:14am
Commodities Soybeans below $10/bushel, corn under $4 on mounting supply pressure SINGAPORE: Chicago soybeans and corn futures slid to their lowest in four years on Monday, dropping below $10 and $4... Published 12 Aug, 2024 10:12am
Mutual Funds India bond yields seen little changed, with focus on inflation prints MUMBAI: Indian government bond yields are expected to be largely unchanged at the start of the week as market... Published 12 Aug, 2024 10:10am
Forex Indian rupee to open flat; recent underperformance not a concern, analysts say MUMBAI: The Indian rupee is likely to start the week little changed amid mostly rangebound Asian peers and a central... Published 12 Aug, 2024 10:09am
BOE’s Mann says UK wage growth still a concern for inflation, FT reports Catherine Mann, an external member of the BoE’s monetary policy committee, said that goods and services prices were... Published 12 Aug, 2024 10:07am
Stocks Indian shares open lower; Adani stocks fall BENGALURU: Indian shares opened lower on Monday, with Adani group stocks falling after US short-seller Hindenburg... Published 12 Aug, 2024 10:02am
Stocks Asia shares on the rise ahead of US inflation data SYDNEY: Asian stocks edged higher on Monday as a holiday in Japan removed one source of recent volatility, and... Published 12 Aug, 2024 10:01am
Commodities Palm oil falls on weak cargo surveyor export data BEIJING: Malaysian palm oil futures fell on Monday after cargo surveyor data showed a sharp decline in exports for... Published 12 Aug, 2024 09:59am
Energy Saudi crude oil exports to China set to slip in September, sources say SINGAPORE: Saudi crude oil exports to China are set to fall in September to about 43 million barrels, several trade... Published 12 Aug, 2024 09:58am
Commodities Copper slips as investors assess economic uncertainty BEIJING: Copper prices opened the week on a softer note as macro-economic uncertainty persisted and investors waited... Published 12 Aug, 2024 09:56am
Forex Yen slips, markets brace for US inflation data SINGAPORE: The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with... Published 12 Aug, 2024 09:53am
Energy Oil rises for fifth straight session on Mideast tensions and US data Brent crude futures up $1.32, or 1.6%, at $80.98 a barrel by 1531 GMT Updated 12 Aug, 2024 10:01pm
Pakistani, Chinese cos to launch new electric motorcycle with swappable batteries ISLAMABAD: In a significant development towards sustainable transportation, Pakistani and Chinese enterprises have... Published 12 Aug, 2024 06:36am
Pakistan Footwear Material, Machinery Show-2024 held: 20 companies, exporters showcasing their products LAHORE: The 9th Pakistan Footwear Material and Machinery Show was officially inaugurated on Sunday at a local hotel... Published 12 Aug, 2024 06:36am
Cotton & Textile Weekly Cotton Review: Cautious buying brings spot rate down KARACHI: The cotton market is experiencing a downturn due to the recent rains. The spot rate is decreased by Rs 200... Published 12 Aug, 2024 06:36am
Commodities Prices of kitchen items remain high PESHAWAR: Prices of important kitchen items like live chicken/meat, vegetables, cooking oil/ghee, flour, pulses and... Published 12 Aug, 2024 06:36am
MENA Running Kibsons International: Pakistan-origin Halima Jumani has become a prominent member of Dubai’s business community Dubai: Halima Jumani, the CEO of Kibsons International, has over 25 years of experience with the company that has... Published 12 Aug, 2024 06:36am
Money & Banking Rouble weakens amid stronger demand for foreign currency MOSCOW: The Russian rouble weakened against the dollar on Friday as demand for foreign currency edged up, with some... Published 12 Aug, 2024 06:36am
Money & Banking Sterling on track for 4-week of decline versus dollar LONDON: The British pound steadied against the dollar on Friday but was set for its fourth consecutive week of... Published 12 Aug, 2024 06:36am
Money & Banking China’s yuan ticks up after CPI rise SHANGHAI: China’s yuan advanced slightly against the US dollar on Friday, after data showed the country’s... Published 12 Aug, 2024 06:36am
Money & Banking Indian rupee ends little changed MUMBAI: The Indian rupee logged its sixth straight weekly fall but ended little changed on Friday, as corporate... Published 12 Aug, 2024 06:36am
China’s exports growth slows to 3-month low in July BEIJING: China’s exports grew at their slowest pace in three months in July, missing expectations and adding to... Updated 12 Aug, 2024 08:07am