Stocks KSE-100 closes 229 points higher as profit-taking trims intra-day gains The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed 229 points higher on Thursday as late-session... Updated 15 Aug, 2024 11:57pm
Forex SBP-held foreign exchange reserves increase $119mn, now stand at $9.27bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $119 million on a weekly basis,... Updated 15 Aug, 2024 11:56pm
Internet disruptions: some Pakistani freelancers made ‘unavailable’ on fiverr A multinational online marketplace for freelance services fiverr – which has gained immense popularity in the... Updated 15 Aug, 2024 11:54pm
Cotton & Textile Pakistan can grab $5bn export orders as West shifts from Bangladesh, says Gohar Dr Ejaz Gohar, Patron-in-Chief and Group Leader of All Pakistan Textile Mills Association (APTMA), said Pakistan’s... Updated 15 Aug, 2024 05:44pm
June-end: Pakistan’s central govt debt stock at Rs68.9tr The federal government’s total debt stock, encompassing both domestic and external debt, saw a marginal increase of... Updated 15 Aug, 2024 06:26pm
Forex South African rand pauses after modest gains on US data JOHANNESBURG: South Africa’s rand was little changed in early trade on Thursday, pausing after the previous day’s... Published 15 Aug, 2024 03:02pm
Stocks European shares tick up on Fed cut bets European shares opened higher on Thursday as benign inflation data cemented bets of a US rate cut in September,... Published 15 Aug, 2024 03:00pm
Stocks FTSE 100 flat as heavyweights trading ex-div offset gains from GDP data The UK’s benchmark index FTSE 100 was flat on Thursday as gains from an in-line UK GDP data, showing a still-healthy... Published 15 Aug, 2024 02:57pm
Energy Adani Power says it is committed to supplying electricity to Bangladesh SINGAPORE: Adani Power said on Thursday it was committed to supplying electricity to Bangladesh, saying a recent... Published 15 Aug, 2024 02:54pm
Forex Russian rouble gains against the dollar, rebounding after fall MOSCOW: The Russian rouble gained against the dollar on Thursday, recovering partially from a roughly 9% fall which... Published 15 Aug, 2024 02:10pm
Stocks Major Gulf markets gain on US interest rate cut hopes Major stock markets in the Gulf rose in early trading on Thursday after benign US consumer inflation data overnight... Published 15 Aug, 2024 02:08pm
Ongoing internet disruption to ‘derail’ Pakistan economy, warns OICCI Overseas Investors Chamber of Commerce and Industry (OICCI) has warned that frequent internet disruptions in... Updated 15 Aug, 2024 08:29pm
UK economy slows slightly in second quarter LONDON: Britain’s economy grew 0.6 percent in the April-June period, a slight slowdown compared with the first three... Published 15 Aug, 2024 01:18pm
Stocks European stock markets climb at open LONDON: Europe’s main stock markets rose at the start of trading on Thursday following gains in Asia and on Wall... Published 15 Aug, 2024 12:53pm
Bullion Rate Gold price per tola decreases Rs300 in Pakistan After increasing in the previous session, gold prices in Pakistan declined on Thursday in line with the decrease in... Published 15 Aug, 2024 12:42pm
Companies Ferozsons Laboratories’ subsidiary BF Biosciences launches human insulin Pakistan’s pharmaceutical company BF Biosciences Limited (BFBL) has successfully launched a human insulin under the... Updated 15 Aug, 2024 11:59pm
Stocks Australian shares edge higher as banks advance Australian shares edged higher on Thursday, helped by index heavyweight financials, while fresh US inflation data... Published 15 Aug, 2024 10:54am
Stocks Asia stocks firm, dollar sags with US yields on Fed cut bets TOKYO: Asian stocks were firm on Thursday while the dollar remained on the back foot amid lower US Treasury yields... Published 15 Aug, 2024 10:44am
Commodities Wheat jumps almost 2% as Russian attack on Ukrainian port supports prices SINGAPORE: Chicago wheat rose nearly 2% on Thursday and was on track for its biggest single-day gain in six weeks,... Published 15 Aug, 2024 10:40am
Currency Rupee closes unchanged against US dollar Stays at 278.7 in inter-bank market Updated 15 Aug, 2024 07:49pm
Energy China’s July oil refinery output sinks to the lowest since Oct 2022 SINGAPORE: China’s oil refinery output in July fell 6.1% from a year earlier, official data showed on Thursday, down... Published 15 Aug, 2024 10:25am
Commodities China July aluminium output rises to highest monthly total in over 20 years BEIJING: China’s July aluminium output rose the most in a single month in more than two decades, with producers... Published 15 Aug, 2024 10:22am
Indonesia’s July exports up 6.5% y/y, beating forecast JAKARTA: Indonesia’s exports rose 6.46% in July from the same month a year earlier to $22.21 billion, above the... Published 15 Aug, 2024 10:19am
Commodities Palm oil edges higher on bargain buying, low stockpile SINGAPORE: Malaysian palm oil futures firmed on Thursday for the second straight session, underpinned by tighter... Published 15 Aug, 2024 10:16am
Commodities China’s coal output up 2.8% in July despite surging hydropower generation BEIJING: China’s coal output rose 2.8% in July from a year earlier as mines ramped up production to ensure steady... Published 15 Aug, 2024 10:13am
Stocks Mainland China stocks rise on stimulus hopes, Hong Kong tracks regional peers higher SHANGHAI: Mainland China stocks rose on Thursday, buoyed by hopes for more stimulus after a string of disappointing... Published 15 Aug, 2024 10:11am
SoftBank scraps AI chips tie-up plan with Intel, FT reports Japanese technology investor SoftBank dropped plans of producing an artificial intelligence chip with Intel to... Published 15 Aug, 2024 10:09am
China’s factory output growth slows for third straight month BEIJING: China’s factory output rose 5.1% from a year earlier in July but slowed from the 5.3% pace in June,... Published 15 Aug, 2024 10:04am
Forex Australian dollar gets jobs boost, kiwi feels rate pain SYDNEY: The Australian dollar edged higher on Thursday after a surprise surge in employment helped offset weakness... Published 15 Aug, 2024 10:02am
Stocks Japan’s Nikkei rises on solid economic growth, US cues TOKYO: Japan’s Nikkei share average rose on Thursday, as investors snapped up undervalued stocks after data showed... Published 15 Aug, 2024 09:59am
Forex Dollar soft as ebbing US inflation sets the stage for rate cuts SINGAPORE: The dollar was on the back foot on Thursday, with the euro perched near an eight-month high after data... Published 15 Aug, 2024 09:58am
Stocks China’s yuan weakens as investors buy dip on cheaper dollar, disappointing data SHANGHAI: China’s yuan weakened against the dollar on Thursday, dragged down by a dip in buying by corporates as the... Published 15 Aug, 2024 09:57am
Bullion Rate Gold ticks up, traders eye US retail sales data Gold prices inched up on Thursday after a 1% decline in the previous session following inflation data that dampened... Published 15 Aug, 2024 09:54am
Energy Oil extends gains as US slowdown fears ease LONDON: Oil prices extended gains on Thursday after U.S. economic data that could allay fears of an imminent... Updated 15 Aug, 2024 07:05pm
Companies JazzCash President accepted into Forbes Finance Council ISLAMABAD: Murtaza Ali, President of JazzCash, Pakistan’s largest fintech platform, has been accepted into the... Published 15 Aug, 2024 08:02am
Energy 2020 IPP report’s recommendations: Power sector circles for implementation LAHORE: The power sector circles have demanded transparency and accountability in Pakistan’s power sector by... Updated 15 Aug, 2024 03:17pm
Energy PRIED’s study; ‘Include external costs to accurately price Thar coal power’ KARACHI: The Thar coal is being promoted as cheap local fuel for future, however there are huge socio-environmental... Published 15 Aug, 2024 05:59am
Energy Slowing global jet fuel consumption adds to oil demand concern NEW YORK: Global jet fuel demand is poised to soften as a slowdown in consumer spending hits travel budgets, a shift... Published 15 Aug, 2024 05:59am
MENA Nearly 4,000 Pakistan companies join Dubai Chamber of Commerce in six months This figure puts Pakistan second on list of new non-Emirati companies joining the Dubai body during January-June 2024 Updated 15 Aug, 2024 11:48am
Companies PTCL Group to provide managed WAN solution to ZTBL nationwide KARACHI: Pakistan’s largest telecommunications and integrated ICT services provider, PTCL Group (PTCL & Ufone... Published 15 Aug, 2024 05:59am
Economic stability key to national sovereignty: SBP governor KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed Wednesday said economic stability is the key to national... Published 15 Aug, 2024 05:59am
Money & Banking Russian rouble rebounds after touching 10-month low MOSCOW: The Russian rouble rebounded against the dollar on Wednesday after falling for six trading sessions in a row... Published 15 Aug, 2024 05:59am
Money & Banking Asian currencies: Indonesian rupiah leads gains BENGALURU: Most Asian currencies and equities rallied on Wednesday after soft US producer prices data stirred hopes... Published 15 Aug, 2024 05:59am
Money & Banking China’s yuan firms as US dollar weakness SHANGHAI: China’s yuan firmed against the US dollar on Wednesday as weakness in the greenback following data... Published 15 Aug, 2024 05:59am
Money & Banking Dollar loses ground against euro NEW YORK: The dollar lost ground against its major peers on Wednesday, helping the euro to an eight-month peak, as... Published 15 Aug, 2024 05:59am
Money & Banking Indian rupee gives up nearly all gains against dollar MUMBAI: The Indian rupee ended nearly flat on Wednesday as US dollar demand from importers and foreign banks eroded... Published 15 Aug, 2024 05:59am
BD turmoil may slow financial reform, weaken banks: S&P NEW DELHI/DHAKA: Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added... Published 15 Aug, 2024 05:59am
Companies Mars to boost snack portfolio in mega $36bn deal for Pringles maker Kellanova NEW YORK: Family-owned candy giant Mars is buying Cheez-It maker Kellanova in a nearly $36 billion deal, bringing... Published 15 Aug, 2024 05:59am
Industry Circular debt becomes major obstacle to progress: UBG KARACHI: The circular debt, a persistent and growing challenge for Pakistan’s economy, has reached alarming levels... Published 15 Aug, 2024 05:59am