News Archives for Print - 2024-07-22

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Print - 2024-07-22

Rates

PSX witnesses a mixed trend

KARACHI: Pakistan Stock Exchange witnessed mixed trend during the outgoing three-day week ended on July 19, as the...

Published 22 Jul, 2024 05:39am

Rates

Spread declines 689bps

KARACHI: The futures spread declined by 689bps to 12.47 percent on the last day of the outgoing week. Trading...

Published 22 Jul, 2024 05:39am

Asia

China flash floods kill at least 20

BEIJING: Flash floods in northern and southwest China have killed at least 20 people and left dozens missing, state...

Published 22 Jul, 2024 05:39am

Middle East

Houthis pledge ‘huge’ response to Israel strike as Gaza violence spreads

HODEIDA, (Yemen): Yemen’s Houthi on Sunday promised a “huge” retaliation against Israel following a deadly...

Published 22 Jul, 2024 05:39am

Middle East

Saudi urges ‘maximum restraint’ after Yemen strikes

RIYADH: Saudi Arabia, a major foreign player in Yemen’s nearly decade-long civil war, urged restraint on Sunday in...

Published 22 Jul, 2024 05:39am

Sudan, Iran trade envoys after eight-year rupture

PORT SUDAN, (Sudan): Sudan’s de facto leader, army chief Abdel Fattah al-Burhan, received on Sunday an Iranian...

Published 22 Jul, 2024 05:39am

Rates

Marginal gain

KARACHI: The rupee posted marginal gain during the previous week as it appreciated by Re0.27 or 0.1% against the US...

Published 22 Jul, 2024 05:39am

Platform for skilled youths

KARACHI: A new platform aimed at supporting skilled Pakistani individuals and students has been launched by the ...

Published 22 Jul, 2024 05:39am

Lahore PHA to develop two amusement parks

LAHORE: The Parks and Horticulture Authority (PHA) will build two state-of-the-art amusement parks at Greater Iqbal...

Published 22 Jul, 2024 05:39am

CM launches ‘air ambulance service’

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif fulfilled another promise by launching air ambulance service in ...

Published 22 Jul, 2024 05:39am

Rain, wind expected in Sindh, Punjab

ISLAMABAD: Rain-wind and thundershower is expected at the eastern and southern parts of Sindh, Punjab including...

Published 22 Jul, 2024 05:39am

JI chief demands forensic audit of IPPs

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has demanded a forensic audit of Independent Power Producers...

Published 22 Jul, 2024 05:39am

Stability on cotton market as business activity picks up

KARACHI: The cotton market remained stable, with a notable increase in business activity. Favourable rainfall has...

Updated 22 Jul, 2024 08:27am

The way forward

Sale of state-owned entities (SOEs) and not resuscitating the non-operational Pakistan Steel Mills is the mantra of...

Updated 22 Jul, 2024 07:11am

Smoke and mirrors

Pakistan’s energy sector is in a peculiar mess. On paper, the electricity supply is sufficient at a lower energy...

Updated 22 Jul, 2024 07:17am

Letters

‘The King of the World is not safe in his fortress’

This is apropos two back-to-back letters titled ‘The King of the World is not safe in his fortress’ to the ...

Published 22 Jul, 2024 05:39am

From wheat crisis to food crisis: a reality check

The wheat market in Pakistan has been a subject of intense debate and scrutiny, particularly due to the significant...

Updated 22 Jul, 2024 07:23am

Stocks

Wall Street Week Ahead: Investors count on earning to calm $900bn US tech rout

NEW YORK: As earnings season goes into full swing, bullish investors hope solid corporate results will stem a tumble...

Published 22 Jul, 2024 05:39am

Stocks

Indian shares slip from record highs

BENGALURU: Indian shares came off record highs to end lower on Friday, on broad-based profit booking ahead of the...

Published 22 Jul, 2024 05:39am

Stocks

UK stocks end with weekly losses as commodity-linked stocks

LONDON: London stocks finished the week lower amid a global cyber outage on Friday as investors assessed a fall in...

Published 22 Jul, 2024 05:39am

Stocks

Major Gulf markets gain as focus shifts to earnings

DUHAI: Major stock markets in the Gulf ended higher on Sunday, boosting investor morale as earnings season in the...

Published 22 Jul, 2024 05:39am

Europe

Outrage after French MP says Israelis ‘not welcome’ at Olympics

PARIS: A major French Jewish group on Sunday slammed a hard-left MP for saying Israeli athletes were not welcome at...

Published 22 Jul, 2024 05:39am

KMU conducts centralised admission test

PESHAWAR: Khyber Medical University (KMU), Peshawar, organized a centralized admission test for admissions in Doctor...

Published 22 Jul, 2024 05:39am

KP to shift 100 schools, 3050 mosques on solar energy

PESHAWAR: Khyber Pakhtunkhwa government has begun work on several solar energy projects to solve the problem of...

Updated 22 Jul, 2024 09:24am

15 villages in Matairi: SCF distributes initial material kits to 100 women

HYDERABAD: In a significant move to combat rural poverty and enhance the livelihoods of rural women, the Sindh...

Published 22 Jul, 2024 05:39am

PDP demands govt end urban-rural quota system in Sindh

KARACHI: Murder of merit in the name of politically-motivated quotas is an injustice. Our rulers should learn a...

Published 22 Jul, 2024 05:39am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday July 07, 2024

Published 22 Jul, 2024 05:39am

The Weather

KARACHI: The weather report on Sunday (July 21, 2024) and the forecast for Monday (July 22, 2024)....

Published 22 Jul, 2024 05:39am

Lifeline power consumers: Govt working on a new subsidy

BISP in consultation with Power Division determining eligibility criteria for identifying potential consumers for electricity subsidy programme, sources say

Updated 22 Jul, 2024 12:10pm

Iraq to import electricity from Turkey

BAGHDAD: Iraq said Sunday a new power line will bring electricity from Turkey to its northern provinces as...

Published 22 Jul, 2024 05:39am

KE wants evaluation of proposal to convert Jamshoro plant to Thar coal

ISLAMABAD: K-Electric (KE) has asked the Power Division to constitute Project Steering Committee (PSC) to scrutinise...

Updated 22 Jul, 2024 09:06am

PM explains his govt’s approach to healthcare

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday said the government was determined to provide state of...

Updated 22 Jul, 2024 09:25am

FY24 cell phone imports soar 233pc to $1.89bn YoY

ISLAMABAD: The country imported mobile phones worth $1.898 billion during the fiscal year 2023-24, registering...

Updated 22 Jul, 2024 07:53am

FO condemns attack on Frankfurt consulate

ISLAMABAD: The Foreign Office (FO) on Sunday strongly condemned attack by a gang of extremists on its consulate in...

Published 22 Jul, 2024 05:39am

LHC suspends operation of SRO 350 (I)/2024

ISLAMABAD: Lahore High Court (LHC) has suspended operation of SRO 350(I)/2024 and directed the Federal Board of...

Updated 22 Jul, 2024 08:29am

Federal minister steps up criticism of PTI

ISLAMABAD: Minister of Information and Broadcasting Atta Tarar said that Pakistan Tehreek-e-Insaaf (PTI) has been...

Published 22 Jul, 2024 05:39am

Industry

Protocol agreement inked to strengthen ties with Romania

KARACHI: The Pakistan Romania Business Council (PRBC) and the Embassy of Romania to the Islamic Republic of Pakistan...

Published 22 Jul, 2024 05:39am

Companies

Chandio appointed CEO of SMML

KARACHI: Sindh Modaraba Management Limited (SMML) is pleased to announce the appointment of Mr. Abdul Rauf Chandio ...

Published 22 Jul, 2024 05:39am

APCCA appreciates decision of Ministry of Maritime Affairs, KPT

KARACHI: Maqbool Ahmad Malik, Chairman of All Pakistan Custom Agents Association (APCAA) and Sheikh Tariq, Vice...

Updated 22 Jul, 2024 09:25am

Industry

Regulatory environment major issue as foreign pharma cos exit Pakistan

KARACHI: The pharmaceutical sector in Pakistan is facing significant challenges, with only four foreign companies...

Updated 22 Jul, 2024 12:09pm

Companies

HBL wins ‘Best Bank in Pakistan 2024’ award by Euromoney

KARACHI: Euromoney Awards for Excellence 2024 has awarded HBL the accolades of Pakistan’s Best Bank, Pakistan’s...

Published 22 Jul, 2024 05:39am

‘Constitutional meltdown’?

EDITORIAL: It’s not yet been announced when the IMF’s executive board will meet to discuss the fate of the...

Updated 22 Jul, 2024 07:35am

A case for an independent constitutional court

EDITORIAL: The legal maxim ‘justice delayed is justice denied’, unfortunately, is just so in our judicial system...

Updated 22 Jul, 2024 07:06am

Commodities

Prices of essential food items show mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities like live chicken/meat, vegetables, flour, sugar,...

Published 22 Jul, 2024 05:39am

MENA

From textile to real estate: Saleem Karsaz’s path to success in Dubai

DUBAI: Dubai’s allure has long been a magnet for entrepreneurs and investors worldwide, and for Pakistani-born...

Updated 22 Jul, 2024 10:21am

Companies

Meezan Bank and Haball sign referral arrangement agreement

KARACHI: Meezan Bank Limited (“Meezan”), Pakistan’s leading Islamic bank, announced that it has entered into a...

Published 22 Jul, 2024 05:39am

KP to earn receipts of Rs90bn from oil and gas sectors

PESHAWAR: The provincial government of Khyber Pakhtunkhwa will earn revenue amounting to Rs.89.8 billion in the...

Updated 22 Jul, 2024 09:05am

Money & Banking

Australia, NZ dollars eye weekly losses

SYDNEY: The Australian and New Zealand dollars are headed for hefty weekly losses on Friday as a high-level meeting...

Published 22 Jul, 2024 05:39am

Money & Banking

Canadian dollar falls against the greenback

TORONTO: The Canadian dollar weakened to a 17-day low against its US counterpart on Friday as Canadian retail sales...

Published 22 Jul, 2024 05:39am

Money & Banking

Latam currencies set for weekly loss as Brazil in focus

BRASILIA: Most currencies in Latin America were poised for weekly losses on Friday, as a global tech outage, lower...

Published 22 Jul, 2024 05:39am

IMF says US should raise taxes, wait until late 2024 to cut rates

WASHINGTON: The International Monetary Fund on Thursday said the US Federal Reserve should not cut interest rates...

Published 22 Jul, 2024 05:39am

Energy

SCCI demands cancellation of IPPs contracts

PESHAWAR: Business community demanded to terminate all contracts with IPPs and procure electricity from cheaper...

Published 22 Jul, 2024 05:39am

FPCCI demands reviewing agreements with IPPs

ISLAMABAD: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh has said...

Updated 22 Jul, 2024 07:57am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 30	157.92
USD to Swiss Franc / Dec 30	0.90
Pound Sterling to USD / Dec 30	1.26
Euro to USD / Dec 30	1.04

Stock	Volume
S&P 500 / Dec 27	5,970.84
Nasdaq / Dec 27	19,238.48
Dow Jones / Dec 27	42,992.21
India Sensex / Dec 30	78,209.98
Tokyo Nikkei / Dec 30	39,894.54
Hang Seng / Dec 30	20,041.42
FTSE 100 / Dec 30	8,116.01
Germany DAX 30 / Dec 30	19,935.78

Item	Value
Gold 10 Grams PKR / Dec 27	234,225
Karachi Cotton PKR/37.32 KG / Dec 28	17,785
Petrol/Litre / Dec 30	252.10
Crude Oil USD/Barrel / Dec 30	70.32
Gold Spot USD/Ounce / Dec 30	2,612.39
Diesel/Litre / Dec 30	255.38

Gainers
Losers
Leaders

Stock	Price
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	7.52 ▲ 1.00 (15.34%)
Sec. Inv. Bank / Dec 30 Security Investment Bank Limited(SIBL)	8.99 ▲ 1.00 (12.52%)
Abdullah Shah / Dec 30 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.20 ▲ 0.79 (12.32%)
Dost Steels Ltd. / Dec 30 Dost Steels Limited(DSL)	6.70 ▲ 0.72 (12.04%)
Telecard Limited / Dec 30 Telecard Limited(TELE)	9.63 ▲ 1.00 (11.59%)
Media Times Ltd / Dec 30 Media Times Limited(MDTL)	2.40 ▲ 0.24 (11.11%)
I.C.C. Ind. / Dec 30 ICC Industries Limited(ICCI)	10.03 ▲ 1.00 (11.07%)
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	10.48 ▲ 1.00 (10.55%)
Idrees Tex. / Dec 30 Idrees Textile Mills Limited(IDRT)	14.27 ▲ 1.30 (10.02%)

Stock	Price
National Silk / Dec 30 The National Silk & Rayon Mills Limited(NSRM)	49.90 ▼ -5.54 (-9.99%)
Olympia Mills / Dec 30 Olympia Mills Limited(OML)	36 ▼ -3.99 (-9.98%)
Maqbool Tex. / Dec 30 Maqbool Textile Mills Limited(MQTM)	28.50 ▼ -2.56 (-8.24%)
Shahzad Tex. / Dec 30 Shahzad Textile Mills Limited(SZTM)	27.50 ▼ -2.37 (-7.93%)
Al-Khair Gadoon / Dec 30 Al-Khair Gadoon Limited(AKGL)	38.50 ▼ -3.21 (-7.70%)
Dewan Textile / Dec 30 Dewan Textile Mills Limited(DWTM)	6.90 ▼ -0.56 (-7.51%)
Engro Poly(Pref / Dec 30 Engro Poly(Pref)(EPCLPS)	11.10 ▼ -0.90 (-7.50%)
Habib Sugar / Dec 30 Habib Sugar Mills Limited(HABSM)	79 ▼ -5.26 (-6.24%)
First Tri-Star Mod. / Dec 30 First Tri-Star Modaraba(FTSM)	14.35 ▼ -0.90 (-5.90%)

Stock	Volume
Cnergyico PK / Dec 30 Cnergyico PK Limited(CNERGY)	125,453,825 ▲ 1.00
Fauji Foods Ltd / Dec 30 Fauji Foods Limited(FFL)	104,428,605 ▲ 0.32
WorldCall Telecom / Dec 30 Worldcall Telecom Limited(WTL)	96,647,456 ▲ 0.13
B.O.Punjab / Dec 30 The Bank of Punjab(BOP)	84,168,029 ▲ 1.00
Silk Bank Ltd / Dec 30 Silkbank Limited(SILK)	48,777,302 ▲ 0.08
K-Electric Ltd. / Dec 30 K-Electric Limited(KEL)	45,290,268 ▲ 0.19
TRG Pak Ltd / Dec 30 TRG Pakistan Limited(TRG)	40,065,544 ▼ -3.15
Pak Elektron / Dec 30 Pak Elektron Limited(PAEL)	36,275,641 ▲ 4.05
Hascol Petrol / Dec 30 Hascol Petroleum Limited(HASCOL)	34,627,314 ▼ -0.09

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