News Archives for Latest - 2024-07-18

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Archive - 2024-07-18

Saudi Arabia executed over 100 people this year, seven of them Pakistanis: AFP tally

DUBAI: Saudi Arabia executed two people convicted of drug trafficking, the interior ministry said Thursday, bringing...

Published 18 Jul, 2024 10:50pm

Stocks

KSE-100 closes at fresh record high after 684-point gain

Positive momentum persisted at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 gained 684 points to close...

Updated 18 Jul, 2024 10:49pm

Forex

SBP-held foreign exchange reserves increase $19mn, now stand at $9.42bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19 million on a weekly basis,...

Updated 18 Jul, 2024 10:48pm

Bullion Rate

Gold prices in Pakistan hit record high of Rs254,000 per tola

Gold prices in Pakistan registered gains for the fifth consecutive session on Thursday in line with the increase in...

Updated 18 Jul, 2024 10:41pm

Interest Rates

SBP projected to bring down policy rate to 16% by 2024-end: Fitch Solutions’ BMI report

Key policy rate currently stands at 20.5%

Updated 18 Jul, 2024 10:37pm

Netanyahu blocks minister’s order to build hospital for Gaza children

JERUSALEM: Israel Prime Minister Benjamin Netanyahu on Thursday overruled an order by his defence minister to build...

Published 18 Jul, 2024 10:27pm

South Asia

Bangladesh death toll rises to 16 in nationwide anti-quota protests

DHAKA: Thousands of students armed with sticks and rocks clashed with armed police in Dhaka on Thursday as the...

Updated 18 Jul, 2024 10:27pm

USA

Biden, Netanyahu expected to meet next week: White House

WASHINGTON: US President Joe Biden is still expected to meet with Israeli Prime Minister Benjamin Netanyahu when he...

Published 18 Jul, 2024 10:21pm

PM Shehbaz directs FBR to accelerate digitisation work

Premier says reforms in FBR can increase revenue

Updated 18 Jul, 2024 10:15pm

Energy

Oil steadies as economic slowdown signals contend with US rate-cut hopes

NEW YORK: Oil prices were roughly flat on Thursday as investors wrestled with mixed signals about crude demand, with...

Updated 18 Jul, 2024 10:11pm

Currency

Pakistan’s GDP growth to hit 3.2% in FY25, says Fitch Solutions’ BMI report

Growth to come on back of agriculture boost, lower policy rate and easing inflation
Projected figure still below govt's targeted level of 3.6%

Updated 18 Jul, 2024 10:08pm

Stocks

European shares end marginally lower as tech sell-off stymies advances

European shares ended lower on Thursday as a continued selloff of chip stocks kept a lid on gains brought on by some...

Published 18 Jul, 2024 09:16pm

Transport Canada satisfied with security at Karachi airport, PCAA says

A team of aviation security inspectors from Transport Canada has given a thumbs up to the security protocols in...

Published 18 Jul, 2024 08:48pm

Cricket

Suryakumar takes over as India’s T20 captain ahead of Pandya

NEW DELHI: Suryakumar Yadav was appointed India’s T20 captain on Thursday ahead of Hardik Pandya and his tenure will...

Published 18 Jul, 2024 07:58pm

Stocks

US stocks edge higher as ECB keeps rates steady

NEW YORK: The Nasdaq climbed early Thursday following deep losses in the previous session as markets digested the...

Published 18 Jul, 2024 07:54pm

Elections

Pakistan ‘highly likely’ to see change in govt before 2029 elections, warns Fitch Solutions’ BMI report

However, it says PML-N will succeed in pushing through IMF-mandated reforms over coming 18 months

Updated 18 Jul, 2024 07:16pm

Movies & Music

‘Twisters’ director swaps arthouse for ’90s blockbuster reboot

LOS ANGELES: ‘Twisters,’ Hollywood’s latest attempt to reboot nostalgic blockbusters for modern audiences, might...

Published 18 Jul, 2024 07:12pm

Middle East

Israel bombards central Gaza as tanks advance deeper in Rafah

CAIRO/GAZA: Israeli forces bombarded the Gaza Strip’s historic refugee camps in the centre of the enclave and struck...

Published 18 Jul, 2024 07:08pm

Stocks

Most Gulf markets gain on earnings, US rate-cut hopes

Most stock markets in the Gulf ended higher on Thursday as second-quarter earnings picked up, while optimism over...

Published 18 Jul, 2024 06:49pm

Currency

Rupee sees marginal decline against US dollar

Currency settles at 278.17 against greenback in inter-bank market

Updated 18 Jul, 2024 06:48pm

MENA

Amnesty calls for end to Israel’s ‘incommunicado’ detention of Gazans

OCCUPIED JERUSALEM: Amnesty International on Thursday called on Israel to end the indefinite detention of Gaza...

Published 18 Jul, 2024 06:45pm

Europe

Russian forces kill five in east Ukraine, officials say

KYIV: Russian forces killed five civilians on Thursday in the eastern Donetsk region of Ukraine, where Moscow’s...

Published 18 Jul, 2024 06:40pm

MENA

Dubai ruler’s daughter ‘divorces husband’ on Instagram

Her Highness Sheikha Mahra bint Mohammed bin Rashid Al Maktoum – daughter of Sheikh Mohammed bin Rashid Al Maktoum,...

Published 18 Jul, 2024 06:38pm

Luxury

Richemont: luxury group in sights of LVMH’S Arnault?

ZURICH: The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of...

Published 18 Jul, 2024 06:05pm

Dynamic Duckett gets England off to fast start against West Indies

NOTTINGHAM: Ben Duckett’s quick-fire 71 ensured England made a rapid start to the second Test against the West...

Updated 18 Jul, 2024 05:57pm

Europe

Turkiye, Niger agree to enhance energy, defence cooperation

ANKARA: Turkiye and Niger agreed to boost cooperation on energy, mining, intelligence and defence, after the West...

Published 18 Jul, 2024 05:52pm

Commodities

Asia rice: Rates ease as India likely to relax export curbs

Indian rice export prices fell further this week on expectations that New Delhi might ease export restrictions...

Published 18 Jul, 2024 05:41pm

Stocks

IT boost lift Indian shares to record closing highs

BENGALURU: Indian shares recovered from a weak start to end at record closing highs on Thursday, led by information...

Published 18 Jul, 2024 05:33pm

Stocks

Sri Lanka shares end lower as communication services stocks weigh

BENGALURU: Sri Lankan shares closed lower on Thursday, dragged by losses in communication services stocks. The CSE...

Published 18 Jul, 2024 05:29pm

Commodities

Copper falls on lack of impetus from China and switch to gold

LONDON: Copper prices neared three-week lows on Thursday without new stimulus from a key political meeting in China...

Published 18 Jul, 2024 05:27pm

Commodities

Palm oil settles higher on stronger rivals, bargain buying

KUALA LUMPUR: Malaysian palm oil futures edged higher on Thursday for a third straight session, buoyed by stronger...

Published 18 Jul, 2024 05:24pm

Constitution permits appointment of ad hoc judges: Law Minister

Azam Nazeer Tarar rejects reports about extension in the tenure of Chief Justice of Pakistan Qazi Faez Issa

Published 18 Jul, 2024 05:24pm

Europe

Zelensky rejects attempts to cut deals with Russia after Orban visit

WOODSTOCK: Ukrainian President Volodymyr Zelensky on Thursday slammed any attempts to cut deals with Moscow behind...

Published 18 Jul, 2024 05:18pm

Stocks

Europe stocks shrug off Wall Street retreat

LONDON: Europe’s major stock markets rose Thursday, with London energised by the previous day’s oil price surge,...

Updated 18 Jul, 2024 05:15pm

South Asia

One dead, seven injured in India passenger train derailment

NEW DELHI: A passenger train derailed in India on Thursday, overturning several carriages and killing at least one...

Published 18 Jul, 2024 05:12pm

Middle East

Trump Organization announces deal to build Dubai tower

DUBAI: The Trump Organization on Thursday announced a deal to partner with a Saudi developer to build a high-rise...

Published 18 Jul, 2024 05:06pm

Travel

Fake luxuries supplant tradition in Istanbul’s Grand Bazaar

ISTANBUL: Cut-price branded perfumes and fake high-end handbags line the ornate alleys of Istanbul’s Grand Bazaar,...

Published 18 Jul, 2024 04:31pm

Europe

Kremlin says it sees ‘concentrated presence’ of NATO warships in Black Sea as a threat to Russia

MOSCOW: The Kremlin said on Thursday that Russia would consider any plans to establish a permanent presence of NATO...

Published 18 Jul, 2024 03:44pm

Spain climb to third in FIFA rankings, Argentina stay top

Newly crowned European champions Spain rose to third in the latest FIFA rankings published on Thursday, while World...

Published 18 Jul, 2024 03:40pm

USA

Joe Biden cancels additional $1.2 billion in student debt

US President Joe Biden on Thursday canceled another $1.2 billion in student debt for 35,000 borrowers, bringing the...

Published 18 Jul, 2024 03:34pm

Europe

Volodymyr Zelenskiy arrives in UK for European political community meeting

Ukrainian President Volodymyr Zelenskiy arrived in Britain on Thursday to participate in a meeting of the European...

Published 18 Jul, 2024 03:32pm

Bank of England allots record 29 billion pounds in weekly repo

LONDON: The Bank of England allotted a record 29.076 billion pounds ($37.8 billion) on Thursday in its weekly...

Published 18 Jul, 2024 03:24pm

Europe

Suspected arson in crowded apartment kills seven in French city of Nice

PARIS: Seven people, including three children and their mother, died early on Thursday in what authorities suspect...

Published 18 Jul, 2024 03:20pm

Movies & Music

Netflix’s efforts to grow ad tier in focus as subscriber growth slows

Netflix likely added the fewest number of subscribers in five quarters during April-June as sharp gains following a...

Published 18 Jul, 2024 02:19pm

Energy

PPL commences oil & gas production from Punjab

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, announced commencement of hydrocarbon production...

Published 18 Jul, 2024 02:00pm

Stocks

FTSE 100 advances as more earnings roll in; UK wage growth slows

London stocks rose on Thursday amid a raft of mixed corporate earnings, while investors parsed data that showed...

Published 18 Jul, 2024 01:35pm

Forex

Russian rouble strengthens as oil prices rise, dollar weakens

MOSCOW: The Russian rouble strengthened against the dollar on Thursday, helped by rising oil prices and a weakening...

Published 18 Jul, 2024 01:22pm

Europe

Russia says downed 33 Ukrainian drones in Crimea, 10 naval drones

MOSCOW: Russia downed 33 Ukrainian aerial drones overnight over Crimea and 10 naval drones that were heading for the...

Published 18 Jul, 2024 01:11pm

Europe

EU chief slams Hungary PM Orban’s ‘appeasement mission’ to Moscow

STRASBOURG: EU chief Ursula von der Leyen on Thursday savaged a rogue diplomatic trip Hungarian Prime Minister...

Published 18 Jul, 2024 01:04pm

Asia

Canada FM to visit China this week: foreign ministry

BEIJING: Canadian Foreign Minister Melanie Joly will visit China from Thursday to Saturday, Beijing’s foreign...

Published 18 Jul, 2024 01:01pm

Mutual Funds

JGB yields rise as investors grow cautious of possible July rate hike

TOKYO: Japanese government bond (JGB) yields rose on Thursday, as investors adjusted positions on heightened...

Published 18 Jul, 2024 11:48am

Commodities

China’s June aluminium imports up 16% on-year, customs data show

BEIJING: China’s imports of unwrought aluminium and products jumped 16% to 240,000 metric tons in June, customs data...

Published 18 Jul, 2024 11:37am

USA

Homeland Security probing attack on Trump

WASHINGTON: The US Department of Homeland Security’s inspector general said Wednesday that it is investigating the...

Published 18 Jul, 2024 11:27am

USA

Top Democrat Adam Schiff calls on Biden to exit presidential race

LOS ANGELES: Representative Adam Schiff on Wednesday became the most heavyweight Democrat so far to publicly urge US...

Published 18 Jul, 2024 11:23am

Dinosaur skeleton breaks auction record with $44.6mn sale in New York

NEW YORK: The largest stegosaurus skeleton ever found, nicknamed Apex, sold for a record breaking $44.6 million at...

Published 18 Jul, 2024 11:18am

FIFA says opening probe into Argentina players’ racist chants

PARIS: FIFA said on Wednesday it was opening an investigation into racist chants by Argentina players after they won...

Published 18 Jul, 2024 11:13am

Africa

Niger floods toll increases, 53 dead, 18,000 affected: UN

NIAMEY: Flooding caused by heavy rains lashing Niger since June has killed 53 people and impacted 18,000, as the...

Published 18 Jul, 2024 11:11am

‘Shogun’ tops television’s Emmy nominations with 25

LOS ANGELES: Hit drama series “Shogun,” which transported viewers to early 17th-century Japan, topped television’s...

Published 18 Jul, 2024 11:06am

IMF approves $71 million for junta-led Niger

WASHINGTON: The International Monetary Fund announced Wednesday a $71 million disbursement towards Niger, which was...

Published 18 Jul, 2024 10:54am

Alexander Zverev plays through the pain to advance in Hamburg

HAMBURG: Top seed Alexander Zverev shrugged off a knee issue to ease past Jesper de Jong in straight sets and into...

Published 18 Jul, 2024 10:51am

Rafael Nadal, Ruud save match point to make doubles semi-finals

BASTAD: Rafael Nadal and Casper Ruud saved a match point in the deciding set tie-break to reach the semi-finals of...

Published 18 Jul, 2024 10:31am

Europe

UK eyes summit as chance for European ‘reset’

WOODSTOCK: New UK Prime Minister Keir Starmer hosts dozens of European leaders on Thursday as he gets to work...

Published 18 Jul, 2024 10:26am

Asia

China shopping centre fire kills 16

BEIJING: A fire that tore through a shopping centre in southwestern China has killed 16 people, state media reported...

Published 18 Jul, 2024 10:22am

Olympic swim star Titmus warns she is better now than Tokyo

SYDNEY: Swim star Ariarne Titmus says she has never prepared as well for a major event and is in better shape now...

Published 18 Jul, 2024 10:14am

ECB eyes summer pause on bumpy road to disinflation

FRANKFURT: European Central Bank policymakers are expected to leave borrowing costs on hold Thursday, buying time to...

Published 18 Jul, 2024 10:11am

Europe

The EU’s women-led top team

PARIS: Ursula von der Leyen, who is expected to be confirmed as European Commission president for a second term on...

Published 18 Jul, 2024 10:04am

Asia

Malaysia’s 99-year-old ex-PM Mahathir in hospital: aide

KUALA LUMPUR: Malaysia’s nearly 100-year-old former prime minister Mahathir Mohamad has been hospitalised for...

Published 18 Jul, 2024 10:01am

South Asia

Death inevitable, says preacher at centre of Indian stampede disaster

NEW DELHI: An Indian preacher whose latest sermon ended in a deadly stampede that killed more than 120 people...

Published 18 Jul, 2024 09:56am

Commodities

Wheat jumps 1%, rising for 2nd session on strong demand

SINGAPORE: Chicago wheat futures gained more ground on Thursday with rising demand from importers underpinning the...

Published 18 Jul, 2024 09:43am

Forex

Yen spikes as spectre of intervention spooks investors

SINGAPORE: Japan’s yen scaled a six-week high on Thursday, spurring speculation of an official push, while the...

Published 18 Jul, 2024 09:40am

Australia’s Domino’s Pizza slumps to over 9-year low on bleak store growth view

Shares in Australia’s Domino’s Pizza Enterprises hit a more than nine-year low on Thursday, as analysts cut their...

Published 18 Jul, 2024 09:37am

USA

Chuck Schumer told Biden he should end reelection bid, ABC News reports

WASHINGTON: US Senate Democratic leader Chuck Schumer told President Joe Biden in a meeting on Saturday it would be...

Published 18 Jul, 2024 09:33am

Stocks

Asian stocks slide on rising trade tensions, yen climbs

SINGAPORE: Asian equities fell on Thursday, led by chip stocks as investors fret over the prospect of escalating...

Published 18 Jul, 2024 09:28am

BYD to introduce three more car models to Vietnam market

HANOI: Chinese electric carmaker BYD will introduce three more models to the Vietnamese market this October and...

Published 18 Jul, 2024 09:24am

Mutual Funds

India bond yields seen steady as traders eye debt sale, budget

MUMBAI: Indian government bond yields are expected to trend largely unchanged in early trading on Thursday, as...

Published 18 Jul, 2024 09:21am

Forex

Australian dollar gets limited lift from mixed jobs report

SYDNEY: The Australian dollar was left directionless on Thursday after jobs data proved too mixed to clarify the...

Published 18 Jul, 2024 09:18am

Bullion Rate

Gold shines on rising Fed rate-cut outlook

Gold prices edged higher on Thursday, trading not too far away from a record high scaled in the previous session, as...

Published 18 Jul, 2024 09:16am

Forex

Indian rupee to see mild relief after dollar plumbs to near 4-month low

MUMBAI: The Indian rupee is expected to see slight relief on Thursday after the dollar index dropped to a near...

Published 18 Jul, 2024 09:12am

Commodities

Palm slips on weaker rivals; firmer crude oil caps losses

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday, weighed down by weakness in rival Dalian and Chicago...

Published 18 Jul, 2024 09:09am

South Asia

Bangladesh PM vows punishment as students mourn dead classmates

DHAKA: Bangladeshi Prime Minister vowed Wednesday to punish those responsible for killing six people in ongoing...

Published 18 Jul, 2024 09:07am

USA

Trump’s running mate Vance introduces himself to nation at Republican convention

MILWAUKEE: Donald Trump’s vice presidential running mate, US Senator J.D. Vance, presented himself to the nation on...

Published 18 Jul, 2024 08:55am

USA

Joe Biden tests positive for COVID, will self-isolate in Delaware

LAS VEGAS: U.S. President Joe Biden, under pressure from fellow Democrats to drop his re-election campaign, tested...

Published 18 Jul, 2024 08:41am

BR’s refresher: your morning briefing for the day

Important updates July 17, 2024

Published 18 Jul, 2024 08:33am

Stocks

Australian shares struggle for direction ahead of jobs data

Australian shares were subdued on Thursday, as technology giants partially offset gains in financials and energy...

Published 18 Jul, 2024 08:34am

Stocks

Indian shares seen flat; LTIMindtree, Asian Paints in focus

BENGALURU: Indian shares are set to open little changed on Thursday, while focus will be on the quarterly earnings...

Published 18 Jul, 2024 08:23am

Stocks

Japan’s Nikkei falls 2% amid global chip sell-off, surging yen

TOKYO: Japan’s Nikkei share average fell sharply on Thursday, as chip-related stocks joined a global sell-off in the...

Published 18 Jul, 2024 08:21am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 19	18,935
Gold 10 Grams PKR / Sep 19	230,195
Petrol/Litre / Sep 20	249.10
Crude Oil USD/Barrel / Sep 20	71.80
Gold Spot USD/Ounce / Sep 20	2,599.47
Diesel/Litre / Sep 20	249.69

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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