News Archives for Business & Finance - 2024-11-04

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Business & Finance - 2024-11-04

SCO summit: Rs2.7bn spent on arrangements, beautification of Islamabad, interior ministry tells ECC

Economic Coordination Committee approves Circular Debt Management Plan for FY 2024-25

Updated 04 Nov, 2024 11:01pm

Policy rate reduction to boost business activities, exports: PM Shehbaz

Prime Minister Shehbaz Sharif said Monday a reduction in the policy rate will boost business activities, exports,...

Updated 04 Nov, 2024 10:54pm

Business & Economy

Pakistan’s bilateral partners to continue rollovers during IMF programme: SBP governor

ISLAMABAD: The State Bank of Pakistan (SBP) Governor Jameel Ahmad told analysts on Monday that bilateral partner...

Updated 04 Nov, 2024 08:41pm

Business & Economy

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

Most analysts had expected cut of 200bps

Updated 04 Nov, 2024 09:53pm

Commodities

Gold price per tola increases Rs700 in Pakistan

After declining in the previous session, gold prices in Pakistan increased on Monday in line with their increase in...

Published 04 Nov, 2024 04:35pm

Energy

PPL secures 10-year lease for Sui Gas Field

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has received approval for a Development and...

Updated 04 Nov, 2024 05:45pm

Companies

Pakistan’s chemical maker Ghani to establish LPG storage facility in Punjab

Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, announced...

Updated 04 Nov, 2024 05:15pm

Stocks

Most Gulf markets fall as OPEC+ delays oil output hike

Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned...

Published 04 Nov, 2024 02:09pm

Stocks

European shares open flat as tech losses offset mining, energy gains

European shares were flat at the open on Monday as losses in tech stocks offset gains in resources-linked shares,...

Published 04 Nov, 2024 01:27pm

Companies

Ryanair profit falls as ticket prices drop

LONDON: Irish budget airline Ryanair reported falling net profit for the second quarter on Monday following a drop...

Published 04 Nov, 2024 12:59pm

Forex

Kenya shilling steady on tourism, tea exports

NAIROBI: The Kenyan shilling was steady against the dollar on Monday, as foreign exchange supply from tourism and...

Published 04 Nov, 2024 12:50pm

Forex

South African rand gains as markets brace for US election, rate decision

JOHANNESBURG: South Africa’s rand gained in early trade on Monday against a weaker dollar, as investors geared up...

Published 04 Nov, 2024 12:49pm

Europe

Turkish inflation higher than expected at 48.58% in October

ISTANBUL: Turkish inflation remained loftier than expected in October, dipping only to 48.58% annually and to 2.88%...

Published 04 Nov, 2024 12:43pm

Stocks

Indian shares post worst session in over a month ahead of US election

Indian shares logged their worst session in more than a month on Monday, weighed down by uncertainty around the...

Updated 04 Nov, 2024 03:30pm

Commodities

Wheat climbs on prospects of weak Russian supply

CANBERRA: Chicago wheat futures climbed on Monday, supported by a weaker U.S. dollar and expectations of lower...

Published 04 Nov, 2024 11:14am

Commodities

Palm rangebound on rival oils; market eyes key data

JAKARTA: Malaysian palm oil futures traded sideways on Monday, following rival vegetable oils, while the market...

Published 04 Nov, 2024 10:52am

Exchange

Rupee registers marginal decline against US dollar

Currency settles at 277.79 against the greenback in inter-bank market

Updated 04 Nov, 2024 06:36pm

Stocks

Asian markets rise ahead of US election, Chinese stimulus meeting

HONG KONG: Asian markets rose Monday as investors steel themselves for a too-close-to-call US presidential election,...

Published 04 Nov, 2024 10:35am

Forex

Australian dollar bounces on US election bets, steady rate outlook

SYDNEY: The Australian and New Zealand dollars bounced on Monday as investors reconsidered the outcome for the U.S....

Published 04 Nov, 2024 10:22am

Stocks

KSE-100 closes 1.2% higher in anticipation of monetary policy announcement

Benchmark index also crosses 92,000 during intra-day trading for first time, but closes marginally below historic level

Updated 04 Nov, 2024 10:55pm

Commodities

Iron ore slips; focus on key China meeting and US election

BEIJING: Iron ore futures slid in the first working day of the week when the market would closely monitor the U.S....

Published 04 Nov, 2024 10:11am

Bullion Rate

Gold steady as markets brace for US election, likely Fed rate cut

Gold held steady on Monday as investors prepared for a key week for the global economy ahead of the U.S....

Published 04 Nov, 2024 10:09am

Forex

Yuan bounces as traders brace for US election volatility

SINGAPORE: The yuan touched a two-week high on Monday in a firm start to a pivotal week that has markets braced for...

Published 04 Nov, 2024 10:00am

Commodities

Base metals rise on weaker dollar, but trade thin ahead of US election

Prices of base metals rose on Monday on a softer U.S. dollar, but trading remained thin amid caution around the...

Published 04 Nov, 2024 09:53am

Financial

India bond yields to trend higher as US peers spike

MUMBAI: Indian government bond yields are expected to trend higher on Monday, with investors exercising caution...

Published 04 Nov, 2024 09:50am

Forex

Dollar decline to help Indian rupee kick off big week on positive note

MUMBAI: The Indian rupee is expected to open higher on Monday, on the back of a decline in the U.S. dollar amid...

Published 04 Nov, 2024 09:48am

Stocks

South Korea stocks rise on moves to scrap planned tax on financial investments

KOSPI was up 39.24 points, or 1.54%, at 2,581.60

Published 04 Nov, 2024 09:44am

Stocks

Healthcare, banking stocks boost Australia shares ahead of RBA decision

Australian shares ended higher on Monday, with healthcare and banking stocks rising the most, as investors awaited...

Updated 04 Nov, 2024 11:11am

Energy

Oil gains over 2% after OPEC+ delays output hike, US election in focus

Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while...

Updated 04 Nov, 2024 06:43pm

Forex

Dollar skids ahead of US election, likely Fed rate cut

SYDNEY: The dollar slid in Asia on Monday as investors braced for a potential pivot this week for the global economy...

Published 04 Nov, 2024 09:36am

Industry

Need stressed to improve SMEs in KP

PESHAWAR: A three days workshop organised by Centre for Governance and Public Accountability (CGPA) focused on...