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Goldman Sachs

Oil heads for 2% weekly decline as supply risks ease

LONDON: Oil prices were steady on Friday and heading for a weekly drop of more than 2%, pressured by easing concern...

Updated 29 Nov, 2024 08:06pm

Markets

OPEC+ production cuts may support oil prices in near term, Goldman Sachs says

Crude production from Iraq, Kazakhstan, and Russia has declined in compliance with OPEC+ production cuts, supporting...

Published 27 Nov, 2024 11:34am

Business & Finance

Goldman Sachs downgrades Hong Kong stocks to underweight

SINGAPORE: Hong Kong stocks are cheap but may miss out on the benefits of China’s efforts to support its economy,...

Published 18 Nov, 2024 10:53am

Business & Finance

Goldman cuts Indian equities to ‘neutral’ as economic, earnings growth slows

Goldman Sachs tactically lowered Indian equities to “neutral” from “overweight” on Tuesday, as the country’s slowing...

Published 23 Oct, 2024 10:49am

Markets

China’s yuan firms on report Beijing considering more economic stimulus

SHANGHAI/BEIJING: China’s yuan inched higher against the dollar on Thursday, supported by positive investor...

Published 26 Sep, 2024 11:41am

Markets

Goldman Sachs says oil subject to downside into 2025-2026 due to surplus

SINGAPORE: Oil prices are still subject to downside into 2025-2026 amid a surplus market, Daan Struyven, head of oil...

Published 09 Sep, 2024 11:45am

Technology

ByteDance eyes $9.5bn in record Asia dollar corporate loan, Bloomberg News reports

TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated...

Published 02 Sep, 2024 03:00pm

Business & Finance

Goldman Sachs to lay off over 1,300 employees, WSJ reports

BENGALURU: Goldman Sachs plans to cut more than 1,300 employees from its global workforce as part of an annual ...

Published 02 Sep, 2024 06:40am

Markets

Gold price per tola decreases Rs200 in Pakistan

After hitting record highs in the previous session, gold prices in Pakistan declined on Monday in line with the drop...

Published 19 Aug, 2024 12:54pm

Business & Finance

Goldman Sachs lowers odds of US recession to 20% from 25%

Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 months to 20% from...

Published 19 Aug, 2024 10:22am

Business & Finance

Goldman Sachs profits more than double to $2.9bn

NEW YORK: Goldman Sachs reported strong second-quarter results Monday demonstrating robustness across its trading,...

Published 15 Jul, 2024 06:04pm

Business & Finance

Goldman Sachs lowers China 2024 growth forecast to 4.9%

Goldman Sachs on Monday lowered its forecast for China’s 2024 gross domestic product to 4.9% from 5.0% on the back...

Published 15 Jul, 2024 12:39pm

Markets

Treasuries slip, dollar firm as markets grapple with US politics

SYDNEY: US bond futures slipped and the dollar firmed on Monday as investors wagered the attack on US presidential...

Published 15 Jul, 2024 10:21am

Business & Finance

Goldman Sachs raises S&P 500 year-end target to 5,600

Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing...

Published 17 Jun, 2024 11:40am

Markets

Oil prices set for best week in two months on demand outlook

LONDON: Oil prices were stable on Friday and on course for their best week in more than two months after solid...

Updated 14 Jun, 2024 03:35pm

Markets

Saudi says OPEC+ can pause or reverse oil output boost

ST PETERSBURG: OPEC+ can pause or reverse oil production increases if the market weakens, the Saudi energy minister...

Published 07 Jun, 2024 06:24am

Markets

Indian rupee set to rally after exit polls predict Modi win

MUMBAI: The Indian rupee is expected to rally at the open on Monday after exit polls indicated a third term for...

Published 03 Jun, 2024 10:17am

Markets

Dow outshines peers on earnings boost

NEW YORK: The Dow outpaced Wall Street peers on Monday, boosted by robust gains in Goldman Sachs, while rising...

Published 16 Apr, 2024 03:38am

Markets

Oil steadies after dip on Middle East ceasefire talks

LONDON: Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel...

Updated 08 Apr, 2024 08:32pm

Business & Finance

Goldman Sachs digital asset head says crypto rally driven by retail investors

LONDON, March 19 (Reuters) - The recent surge in cryptocurrency prices has been driven by retail investors, but...

Published 29 Mar, 2024 04:44am

World

Goldman Sachs, Mubadala ink $1bn private credit Asia-Pacific partnership deal

Goldman Sachs and Abu Dhabi’s sovereign wealth fund Mubadala have struck a $1 billion deal, signing a seperately...

Published 26 Feb, 2024 10:30am

Business & Finance

Goldman Sachs no longer expects US interest rate cut in May

SINGAPORE: Goldman Sachs’ analysts no longer expect a US interest rate cut in May and see four 25 basis point cuts...

Published 23 Feb, 2024 10:54am

Markets

China’s 10-year government bond yields drop to lowest since June 2002

SHANGHAI: China’s 10-year government bond yield dropped to the lowest in more than two decades as investors still...

Published 30 Jan, 2024 10:40am

Technology

Y Combinator-backed Elevate enters Pakistan, aims to resolve freelancers’ payment woes

Offers services alternative to platforms such as Wise and Payoneer

Updated 22 Jan, 2024 10:52pm

Markets

Gold steadies ahead of key US data

Gold prices steadied on Monday as traders braced for fresh data on US economic growth and the Federal Reserve’s...

Published 22 Jan, 2024 09:38am

Business & Finance

Goldman Sachs beats profit estimates as equity traders ride market rebound

NEW YORK: Goldman Sachs beat estimates for fourth-quarter profit on Tuesday as its equity traders capitalized on a...

Published 22 Jan, 2024 05:37am

Markets

Goldman cuts 2024 Brent price forecast on strong US supply

Goldman Sachs trimmed its price expectation for Brent crude in 2024 by $10 per barrel to between $70 and $90, saying...

Published 18 Dec, 2023 11:58am

Markets

Asia shares slip into BOJ meeting, US inflation test

SYDNEY: Asia stocks slipped on Monday in a subdued start to a week where Japan’s central bank might edge further...

Published 18 Dec, 2023 09:55am

Business & Finance

Goldman Sachs, J.P.Morgan cut UK’s 2023 growth forecast to 0.5%

Goldman Sachs and J.P.Morgan on Wednesday lowered their forecast for Britain’s annual economic growth to 0.5%, as...

Published 13 Dec, 2023 02:47pm

Aspen chooses NY over London for $4bn IPO: FT

LONDON: Aspen Insurance is targeting its $4 billion initial public offering next year in New York instead of London...

Updated 04 Dec, 2023 08:47am

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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