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German carmaker

BMW Group sales drop slightly in Q3

BERLIN: BMW sold nearly as many cars in the third quarter as it did in the same period a year before, after the war...

Published 10 Oct, 2022 01:05pm

Business & Finance

Mercedes sales slump in Q2 as supply problems continue

BERLIN: Mercedes-Benz sales fell sharply in the second quarter, hampered by supply problems and coronavirus-related...

Published 11 Jul, 2022 07:02pm

Business & Finance

Mercedes Benz targets increased luxury and profits

FRANKFURT: German carmaker Mercedes-Benz said Thursday it would focus more on high luxury vehicles in the hope of...

Published 23 May, 2022 08:14am

Business & Finance

BMW cuts car unit profit forecast due to Ukraine war

BERLIN: BMW lowered its profit margin expectations for its automotive segment for 2022 due to the war in Ukraine,...

Published 16 Mar, 2022 12:48pm

Markets

European shares gain on Ukraine hopes

LONDON: European stocks rose on Monday, clinging to hopes of diplomatic efforts by Ukraine and Russia to end...

Updated 15 Mar, 2022 06:35am

Business & Finance

South Korea fines Mercedes $16.9mn over emission rules breach

SEOUL: South Korea's antitrust regulator said on Monday it decided to fine German carmaker Mercedes-Benz and its...

Published 07 Feb, 2022 11:03am

Business & Finance

Opel to be 100pc electric in Europe by 2028

PARIS: German carmaker Opel said Thursday that it would stop producing cars with internal combustion engines in...

Published 12 Jul, 2021 05:26am

Business & Finance

Daimler set to spin off truck unit by year end

"We are right on schedule with the detailed preparations for this complex project and want to float Daimler Truck on the stock exchange as an independent company by the end of this year."

Updated 27 Jun, 2021 06:11pm

Business & Finance

Volkswagen sticks to 2021 profit margin forecast despite chip crunch

Volkswagen still expects to achieve a 2021 operating profit margin of between 5.5% and 7% for the group and a margin of 3% to 4% for its main brand, a spokesperson for the company said.

Published 22 Jun, 2021 04:45pm

Business & Finance

Daimler to pay Nokia patent fees, ending legal fight

BRUSSELS: Daimler has agreed to pay Nokia for using its patents, ending a row that highlighted a battle between tech...

Published 02 Jun, 2021 04:29am

Business & Finance

BMW plans limited series hydrogen fuel cell SUV in 2022

Speaking at the carmaker's annual shareholder meeting, Chief Executive Officer Oliver Zipse said the company plans a small production run of a hydrogen fuel-cell powered x5 SUV next year.
Most of the auto industry is focusing its efforts on developing battery-electric cars to meet tightening emission standards in Europe and China.

Published 12 May, 2021 05:35pm

Business & Finance

BMW confirms outlook, but says rest of 2021 to be volatile

BMW said that its first-quarter results also received a boost from the sale of previously leased vehicles, in particular in the US market.

Published 07 May, 2021 11:48am

Business & Finance

BMW has got its timing right for beefing up electric cars

Zipse said BMW's market cap of around 55 billion euros ($64.7 billion) is lower than its assets of around 60 billion euros.

Published 30 Mar, 2021 11:21am

Business & Finance

BMW expects at least half of sales to be electric cars by 2030

Sees big rise in 2021 profit from pandemic-hit 2020.
Sees EBIT margin of 6-8% in 2021 vs 2.7% in 2020.
Shares jump as much as 4.9% to 2-1/2 year high.

Published 17 Mar, 2021 06:17pm

Business & Finance

BMW sees significant profit growth in 2021

BMW, which also owns the MINI and Rolls-Royce brands, said it expects the automotive segment.

Published 17 Mar, 2021 01:00pm

Business & Finance

Daimler to spin off trucks in shift to electric, self-driving vehicles

We have confidence in the financial and operational strength of our two vehicle divisions.
We are convinced that independent management and governance will allow them to operate even faster... and thus be significantly more agile and competitive.

Updated 03 Feb, 2021 09:04pm

Business & Finance

BMW aims to double fully-electric vehicle sales in 2021

BMW also said that including plug-in hybrids, it aims for a 50% increase in sales of electrified vehicles versus 2020.
Tesla delivered just under 500,000 vehicles, all fully electric, to customers in 2020.

Published 15 Jan, 2021 05:35pm

Business & Finance

Volkswagen brand 2020 sales drop but recovery seen in Dec

Volkswagen said it had seen sales recovering in December compared to previous months, rising by 19.5% in western Europe and 14.7% in North America.
We are well on the way to achieving our goal of becoming the market leader in battery electric vehicles.

Published 12 Jan, 2021 05:34pm

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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

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