Stocks Wall St muted as hot PPI keeps smaller rate cut in view; Moderna slumps Wall Street was little changed on Thursday after hot producer prices data kept a smaller 25-basis point interest... Published 12 Sep, 2024 09:05pm
Forex SBP-held foreign exchange reserves increase $30mn, now stand at $9.47bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million on a weekly basis,... Updated 12 Sep, 2024 10:54pm
Business & Economy IMF executive board to discuss Pakistan programme on September 25: spokesperson SBP governor says govt has arranged external financing commitments Updated 12 Sep, 2024 10:53pm
Stocks Most Gulf markets end higher on Fed rate cut optimism Most stock markets in the Gulf ended higher on Thursday after U.S. inflation data paved the way for a likely Federal... Published 12 Sep, 2024 06:34pm
Interest Rates SBP made its most aggressive move on the interest rate, but business associations are still unhappy The State Bank of Pakistan (SBP) moved more aggressively on the key interest rate than what the wider market had... Updated 12 Sep, 2024 09:26pm
Business & Economy Privatisation of SOEs: cabinet committee approves WAPDA, NHA as essential entities The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has decided to categorise the Water and Power Development... Updated 12 Sep, 2024 10:04pm
Companies Microsoft to cut 650 support jobs in Xbox Games unit Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein... Published 12 Sep, 2024 05:15pm
Stocks Sri Lanka shares end flat as healthcare losses offset IT gains CSE All-Share index settled 0.07% down at 10,567.26 Published 12 Sep, 2024 05:07pm
Commodities Copper jumps nearly 2% on signs of firmer Chinese demand LONDON: Copper prices jumped to their highest in nearly two weeks on Thursday on signs of firmer demand in top... Published 12 Sep, 2024 05:05pm
Commodities Palm hits three-week low as rival oils dip, India weighs duty hike MUMBAI: Malaysian palm oil futures fell on Thursday to their lowest level in three weeks, on expectations of an... Published 12 Sep, 2024 05:02pm
Business & Economy Most aggressive cut since April 2020: SBP reduces key policy rate by 200bps, brings it down to 17.5% Pace of disinflation exceeded earlier expectations, says central bank The previous occasion SBP moved with this quantum of reduction was in April 2020 Updated 12 Sep, 2024 10:54pm
Stocks KSE-100 gains on anticipation of reduction in key policy rate Bullish sentiments were witnessed at the Pakistan Stock Exchange (PSX), amid expectations of further reduction in... Updated 12 Sep, 2024 10:05pm
Currency ‘Wrongly interpreted’: SBP issues clarification on art competition, new banknote series The State Bank of Pakistan (SBP) on Thursday clarified banknote designs that have won the recent art competition are... Updated 12 Sep, 2024 08:24pm
Stocks London’s FTSE 100 recovers as US rate cut certainty helps sentiment London’s FTSE 100 hit its highest level in over a week on Thursday, amid broader gains after some clarity around the... Published 12 Sep, 2024 03:02pm
Stocks Major Gulf markets gain on Fed rate cut optimism Major stock markets in the Gulf rose in early trade on Thursday after US inflation data paved the way for a Federal... Published 12 Sep, 2024 02:55pm
Forex Kenyan shilling stable and seen staying that way, traders say NAIROBI: The Kenyan shilling was flat on Thursday despite a slight pickup in foreign-currency demand, and traders... Published 12 Sep, 2024 02:31pm
Commodities Global cocoa stocks drop, but 2024/25 output seen recovering SINGAPORE: Global cocoa stocks dropped to 1.32 million metric tons in July, from 1.79 million tons in September last... Published 12 Sep, 2024 02:30pm
Commodities Copper rises to over 1-week high on demand rebound in China Copper prices hit their highest in more than a week on Thursday as the Chinese ramped up purchases ahead of a long... Published 12 Sep, 2024 01:07pm
Commodities India August palm oil imports fall 26% m/m, trade body says India’s palm oil imports fell 26% in August from July to about 797,482 metric tons, a trade body said on Thursday.... Published 12 Sep, 2024 01:05pm
Forex Russian rouble strengthens ahead of the central bank rate meeting MOSCOW: The Russian rouble strengthened against both the US dollar and the Chinese yuan ahead of the central bank’s... Published 12 Sep, 2024 01:04pm
Stocks European shares jump 1% on tech boost; ECB meet in focus European shares opened more than 1% higher on Thursday, buoyed by strong performances among technology stocks, while... Published 12 Sep, 2024 01:03pm
Mutual Funds Euro zone yields edge up ahead of priced-in ECB cut LONDON: Euro zone government bond yields edged up on Thursday ahead of a widely anticipated interest-rate cut by the... Published 12 Sep, 2024 12:39pm
Bullion Rate Gold price per tola decreases Rs1,000 in Pakistan After registering back-to-back gains, gold prices in Pakistan declined on Thursday in line with a decrease in the... Published 12 Sep, 2024 12:33pm
Companies Air Link partners with GNEXT to expand Apple products’ availability in Pakistan GNEXT Technologies, Apple’s authorised distributor for Pakistan, has tapped Air Link Communications Limited, a... Updated 12 Sep, 2024 10:05pm
Forex Australia, NZ dollars find support as risk sentiment steadies SYDNEY: The Australian and New Zealand dollars found some support on Thursday as a rebound in world stock markets... Published 12 Sep, 2024 11:06am
BOJ’s Tamura calls for raising rates to at least 1% OKAYAMA: Bank of Japan board member Naoki Tamura said on Thursday the central bank must raise short-term interest... Published 12 Sep, 2024 11:04am
Stocks South Korean shares gain more than 1% as chip, auto stocks jump The benchmark KOSPI rose 29.25 points Published 12 Sep, 2024 11:01am
Commodities India to buy soybeans to help farmers reeling from losses NEW DELHI: India will buy soybeans from farmers of the central state of Madhya Pradesh at state-set support prices... Published 12 Sep, 2024 10:56am
Commodities Palm drops tracking losses in rival oils, rising stocks MUMBAI: Malaysian palm oil futures fell in early trade on Thursday to their lowest in three weeks, tracking weakness... Published 12 Sep, 2024 10:48am
Bullion Rate Gold inches higher as investors eye US data for rate cues Gold prices edged higher on Thursday, with traders focusing on the upcoming US economic data that may offer further... Published 12 Sep, 2024 10:44am
Thai consumer confidence drops to 13-month low in August BANGKOK: Thai consumer confidence dropped for a sixth consecutive month in August to its lowest level in 13 months,... Published 12 Sep, 2024 10:42am
Exchange Rupee gains marginally against US dollar Currency settles at 278.44 against the greenback in inter-bank market Updated 12 Sep, 2024 05:55pm
Stocks Japan’s Nikkei bounces on Wall Street gains, softer yen TOKYO: Japan’s Nikkei share average rose on Thursday after a seven-day slide, as Wall Street’s overnight gains and a... Published 12 Sep, 2024 10:14am
Stocks Asian shares up on Wall St tech boost, dollar extends gains on yen SYDNEY: Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto... Published 12 Sep, 2024 10:12am
Commodities Soybeans, corn edge higher ahead of USDA data BEIJING: Chicago soybeans and corn edged higher on Thursday as traders adjusted positions ahead of key monthly crop... Published 12 Sep, 2024 10:06am
Stocks Australian shares climb as energy stocks, banks shine Australian shares traded higher on Thursday, as financials and energy stocks led the gains, while investors digested... Published 12 Sep, 2024 10:04am
Stocks China stocks edge down as consumer shares drag; HK stocks up SHANGHAI: China stocks edged lower on Thursday, dragged down by consumer-related shares, while the technology sector... Published 12 Sep, 2024 10:02am
Forex China’s yuan steady after US CPI, focus switches to Chinese data SHANGHAI: China’s yuan held steady on Thursday against the dollar, which climbed overnight after data showed... Published 12 Sep, 2024 10:00am
Mutual Funds Indian bond yields rise slightly as US rate cut odds thin MUMBAI: Indian government bond yields moved marginally higher early on Thursday, partly reversing their fall from... Published 12 Sep, 2024 09:58am
Forex Dwindling hopes of 50 bps Fed rate cut may push rupee to all-time low MUMBAI: The Indian rupee is likely to be under slight pressure at the open on Thursday after resilient US inflation... Published 12 Sep, 2024 09:56am
Forex Dollar firm as inflation data douse bets for big Fed rate cut TOKYO: The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in US... Published 12 Sep, 2024 09:54am
Energy Oil prices climb 1% on concern about hurricane’s impact on US output Oil prices rose more than 1% on Thursday, extending a rebound spurred by concern over Hurricane Francine’s impact on... Updated 12 Sep, 2024 07:05pm
Industry BML partners with NCR, Wavetec to elevate self-banking network KARACHI: Bank Makramah Limited (BML) has entered into an agreement with NCR Corporation and Wavetec (NCR Channel... Published 12 Sep, 2024 03:48am
Discos’ sell-off to pave way for a competitive market: CCP ISLAMABAD: The privatisation of power distribution companies could foster competition in a sector that is currently... Updated 12 Sep, 2024 09:21am
Q4FY24 adjustment: Tariffs of Discos, KE raised by Rs1.74/unit ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has increased tariffs of Discos and K-Electric... Updated 12 Sep, 2024 09:12am
BF Biosciences plans to raise up to Rs1.93bn through IPO KARACHI: BF Biosciences Limited plans to raise Rs1.38 billion to Rs1.93 billion through issuing 28.3 percent new... Published 12 Sep, 2024 03:48am
Money & Banking Dollar hits three-week high vs Swiss franc NEW YORK: The US dollar was mixed overall on Wednesday in choppy trading after data showed underlying inflation in... Published 12 Sep, 2024 03:48am
Money & Banking Indian rupee closes little change MUMBAI: The Indian rupee ended little changed on Wednesday ahead of a closely watched US consumer inflation print... Published 12 Sep, 2024 03:48am
Money & Banking Asian currencies strengthen after US presidential debate BENGALURU: Asian currencies edged higher on Wednesday while most equities slipped, as investors assessed the US... Published 12 Sep, 2024 03:48am
Pakistan, China agree to explore ways to further enhance trade ISLAMABAD: Jam Kamal Khan, Federal Minister for Commerce held a meeting with Chinese Vice Minister of Commerce, on... Published 12 Sep, 2024 03:48am
Industry SME Sector Development: PM appoints Asia Sail as member of steering committee LAHORE: Prime Minister Shahbaz Sharif has appointed Asia Sail Khan as a member of the Steering Committee for SME... Published 12 Sep, 2024 03:48am
Industry Agri exports to Japan: envoy urges traders to explore untapped market KARACHI: Speakers at the seminar urged the Pakistani business community to explore the untapped market of... Published 12 Sep, 2024 03:48am
Industry PM extends tenure of Naeem Ghouri as Member (Finance) Ogra ISLAMABAD: The prime minister has extended the tenure of Muhammad Naeem Ghouri as Member (Finance) of the Oil and ... Published 12 Sep, 2024 03:48am