Trends - GCC - Business Recorder

GCC

Gulf summit urges ‘immediate ceasefire’ for Gaza

KUWAIT CITY: A summit of Gulf Cooperation Council (GCC) leaders urged an immediate ceasefire in Gaza on Sunday,...

Published 02 Dec, 2024 06:04am

World

Middle East crisis top-of-mind at first EU-Gulf summit

BRUSSELS: Gulf leaders including Saudi Crown Prince Mohammed bin Salman met with European heads of state and...

Published 17 Oct, 2024 07:48am

Business & Finance

Pakistan’s IT sector is keen to show off potential at GITEX Global 2024 in Dubai

DUBAI: Fresh off record exports in the previous fiscal year, Pakistan’s tech sector is gearing up to make the most...

Updated 11 Oct, 2024 07:44am

32 top Saudi cos’ team due today

Pakistan estimates investment of up to $15-20 billion from Saudi Arabia in different sectors/fields including purchase of public sector entities or share purchase

Updated 09 Oct, 2024 10:26am

World

Arab states seek to reassure Iran of their neutrality

DUBAI: Gulf Arab states sought to reassure Iran of their neutrality in the conflict between Tehran and Israel in...

Published 04 Oct, 2024 06:46am

World

In Riyadh, China’s Premier Li calls for accelerated Gulf trade talks

BEIJING/DUBAI: China’s Premier Li Qiang on Wednesday urged Beijing and the Gulf Cooperation Council (GCC), which...

Published 11 Sep, 2024 06:59pm

Markets

Most Gulf markets edge higher ahead of US data

DUBAI: Most stock markets in the Gulf ended higher on Thursday a day after a global sell-off as investors remained...

Updated 06 Sep, 2024 08:24am

Markets

Most Gulf markets gain on US rate cut prospects

DUBAI: Most Gulf markets ended higher on Sunday, extending gains from the previous session, after data supported the...

Published 02 Sep, 2024 07:38am

Technology

PostEx announces $7.3mn pre-series A funding for expansion in Pakistan, GCC

PostEx, a prominent player in Pakistan’s financial technology sector, announced on Tuesday the completion of a $7.3...

Updated 20 Aug, 2024 10:51pm

Markets

UAE equities gain amid global rally on rate optimism

DUBAI: Stock markets in the United Arab Emirates edged higher on Friday as investor sentiment was bolstered by...

Published 17 Aug, 2024 07:37am

Markets

Most Gulf markets in black on US rate-cut hopes

DUBAI: Most stock markets in the Gulf ended higher on Thursday after benign US consumer inflation data overnight...

Published 16 Aug, 2024 06:56am

Air travel on labour visa for GCC states: FBR to charge Rs5,000 FED per ticket

ISLAMABAD: The Federal Board of Revenue (FBR) will charge fixed amount of Federal Excise Duty (FED) of Rs 5,000 per...

Updated 08 Aug, 2024 09:33am

Pakistan

NA body calls for enhancing trade ties in region

ISLAMABAD: The Standing Committee of the National Assembly on Foreign Affairs on Thursday called for enhancing trade...

Published 02 Aug, 2024 05:55am

PM announces series of significant visa reforms

ISLAMABAD: Prime Minister Shehbaz Sharif, Sunday, announced a series of significant visa reforms that will allow...

Updated 29 Jul, 2024 10:01am

Markets

Saudi bourse gains on US rate cut hopes

DUBAI: Saudi Arabia’s stock market closed higher on Sunday as investors turned their focus to US Federal Reserve...

Published 15 Jul, 2024 07:02am

Minority stakes sell: PM directs Petroleum, Finance divisions to prepare plan

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Petroleum Division and Finance Division to prepare a...

Updated 03 Jul, 2024 10:26am

Pakistan

GCC member states: ‘Visa on arrival’ will also begin soon: Aleem

ISLAMABAD: In the 5th Joint Ministerial Commission between Kuwait and Pakistan, important achievements have been ...

Published 31 May, 2024 06:58am

Editorials

A bleak investment outlook

EDITORIAL: In a much-needed fillip for Pakistan’s floundering investment landscape, Prime Minister Shehbaz Sharif’s...

Published 29 May, 2024 06:05am

Markets

UAE markets track oil prices lower

DUBAI: Stocks in the United Arab Emirates declined on Friday, pressured by losses in crude prices as strong US and...

Published 25 May, 2024 06:33am

World

Turkiye and Gulf states to launch talks for free trade pact

ANKARA: Turkiye and the Gulf Cooperation Council (GCC) have signed a deal to launch negotiations for a Free Trade...

Published 21 Mar, 2024 05:35pm

Business & Finance

Durra gas field: Iran rejects GCC communiqué

DUBAI: Iran rejected a Gulf Cooperation Council (GCC) communique claiming the Durra gas field as “jointly and only...

Published 05 Mar, 2024 03:09am

Industrialisation: Pakistan needs to be more competitive, attractive: PM

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that Pakistan needed to be more competitive...

Updated 18 Jan, 2024 09:31am

Editorials

SIFC making waves

EDITORIAL: The apex committee of the Special Investment Facilitation Council (SIFC), comprising the country’s...

Published 08 Jan, 2024 05:23am

Markets

Most Gulf markets rise on US rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Tuesday on bets that the US Federal Reserve will start to cut...

Published 03 Jan, 2024 05:32am

Markets

Most Gulf bourses gain on US rate cut bets

DUBAI: Most stock markets in the Gulf ended higher on Wednesday on optimism that the US Federal Reserve will start...

Published 28 Dec, 2023 04:52am

Markets

Gulf markets gain as US inflation moderates

DUBAI: Most stock markets in the Gulf rose on Monday with cooler-than-expected US inflation data supporting the view...

Published 26 Dec, 2023 04:30am

World Bank projects drop in remittance flows

ISLAMABAD: The World Bank has projected a drop in remittance flows to Pakistan to $24 billion in 2023 and further...

Updated 19 Dec, 2023 09:32am

Investment modalities: Consensus reached with KSA

ISLAMABAD: Islamabad and Riyadh on Sunday reached a consensus on investment modalities, paving the way for...

Updated 04 Dec, 2023 11:44am

Opinion

Battling food insecurity in Pakistan

In the world where technological advancements and scientific breakthroughs are pushing the boundaries of perceived...

Published 03 Dec, 2023 02:59am

BIT template issue settled: Crucial FTA with GCC finalised

ISLAMABAD: A Pakistani delegation led by caretaker Minister for Commerce and Industries, Gohar Ijaz has finalised...

Updated 03 Dec, 2023 09:38pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

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