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HSBC

India’s economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

BENGALURU: India’s private sector output grew at the fastest pace in four months, preliminary readings from a survey...

Published 16 Dec, 2024 10:55am

Business & Finance

HSBC, World Bank’s IFC launch $1bn trade finance programme for emerging markets

HONG KONG: HSBC and the World Bank’s International Finance Corporation (IFC) will jointly provide funding to trade...

Published 16 Dec, 2024 06:08am

Business & Finance

Retail customers: HSBC stops processing Russia payments

LONDON: HSBC has stopped processing all payments from Russia or Belarus for personal banking customers, the bank ...

Published 23 Nov, 2024 06:19am

Business & Finance

HSBC books 10% profit rise for third quarter, launches $3bn buyback

HONG KONG/LONDON: HSBC Holdings posted a 10% rise in third-quarter profit on Tuesday, beating analyst estimates, as...

Published 29 Oct, 2024 10:03am

Business & Finance

HSBC mulls up to $300mn cost-cutting plan, targeting senior roles, says FT

HSBC CEO Georges Elhedery is weighing cost-cutting measures that could save up to $300 million, targeting its senior...

Published 10 Oct, 2024 12:21pm

Life & Style

London’s Canary Wharf sets sights on hotels to fill empty offices

LONDON: London’s Canary Wharf financial district wants to convert swathes of empty office space into other uses...

Published 02 Oct, 2024 02:35pm

Markets

European shares end higher, Commerzbank dips

PARIS: European shares closed higher on Monday as a soft business activity reading strengthened the case for more...

Published 24 Sep, 2024 03:28am

Business & Finance

HSBC to cut best lending rate in Hong Kong by 25 bps to 5.625%

HONG KONG: HSBC Holdings said it was cutting its best lending rate in Hong Kong by 25 basis points to 5.625% from...

Published 19 Sep, 2024 10:18am

Markets

China shares extend losses, Hong Kong rises

SHANGHAI: Mainland China’s shares extended losses to end lower on Friday as investors squared their books for the...

Published 14 Sep, 2024 06:31am

Business & Finance

UAE’s ADCB plans to sell $500 million in tier 2 capital securities

UAE’s third largest lender Abu Dhabi Commercial Bank has hired banks to arrange investor meetings for the sale of US...

Published 02 Sep, 2024 12:21pm

Business & Finance

India’s factory activity growth hits three-month low, PMI shows

BENGALURU: India’s manufacturing activity growth eased to a three-month low in August as demand softened...

Published 02 Sep, 2024 10:33am

Business & Finance

HSBC records $21.6 billion pre-tax profit in first half 2024

HONG KONG: Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6...

Published 31 Jul, 2024 09:49am

Markets

Europe’s STOXX 600 gains as earnings flourish

PARIS: European shares closed higher on Tuesday, boosted by earnings-driven gains across several pockets of the...

Published 31 Jul, 2024 06:50am

Business & Finance

HSBC Chief Executive Quinn to retire

HONG KONG: HSBC said Chief Executive Noel Quinn will retire, a surprise departure from the Asia-focused bank he has...

Published 30 Apr, 2024 10:00am

Business & Finance

Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs

HONG KONG: Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week,...

Published 22 Apr, 2024 04:39am

Markets

Gold slips from record levels after hot US inflation data

Gold prices slipped from record-high levels on Wednesday as the U.S. dollar and Treasury yields firmed after a...

Updated 11 Apr, 2024 10:44am

Business & Finance

HSBC to hire almost 50 bankers for startup, venture lending in US

NEW YORK: HSBC is planning to recruit about 50 more bankers in its US commercial bank to lend to startup companies,...

Published 22 Mar, 2024 04:57am

Business & Finance

HSBC keeps best lending rate in Hong Kong unchanged at 5.875%

HONG KONG: HSBC Holdings said on Thursday its best lending rate in Hong Kong remains unchanged at 5.875%, after the...

Published 21 Mar, 2024 10:45am

Business & Finance

Bank of England set to play for time before first rate cut

LONDON: The Bank of England will probably keep investors guessing next week about when it is likely to start cutting...

Published 15 Mar, 2024 11:36am

Business & Finance

Global banking watchdog cracks down on big lenders gaming capital requirements

LONDON: Global banking regulators proposed measures on Thursday to crack down on the world’s biggest banks that game...

Published 08 Mar, 2024 03:14am

Business & Finance

JPMorgan picks HSBC, StanChart to run $500bn custody business in Hong Kong, Taiwan

HONG KONG: JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong...

Published 01 Mar, 2024 10:20am

Markets

HSBC, healthcare stocks drag European shares lower

PARIS: European shares slipped on Wednesday hurt by banking shares following a drop in shares of HSBC on a...

Published 22 Feb, 2024 06:55am

Business & Finance

HSBC full-year profit jumps 78%, trailing estimate

HONG KONG/LONDON: HSBC Holdings reported a 78% jump in full-year profit, a record high gain on high interest rates,...

Published 21 Feb, 2024 10:29am

Business & Finance

KSA to hire Goldman, Citi, HSBC for Aramco share sale

RIYADH: Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary...

Updated 09 Feb, 2024 09:42am

World

India’s January services growth at six-month high on robust demand

BENGALURU: India’s dominant services sector expanded at the fastest pace in six months in January on robust demand,...

Published 05 Feb, 2024 11:13am

Business & Finance

HSBC fined 57 million pounds for ‘serious’ deposit protection failures

LONDON: The Bank of England said on Tuesday it had fined HSBC 57.4 million pounds ($73 million) for “serious...

Published 30 Jan, 2024 01:05pm

Markets

European shares slide more than 1pc on hawkish ECB remarks

PARIS: European shares declined on Wednesday as more hawkish remarks from European Central Bank (ECB) officials...

Published 18 Jan, 2024 05:54am

Business & Finance

China 2023 economic growth tipped to be weakest in decades

BEIJING: China’s economy likely grew at its weakest annual rate for more than three decades in 2023, data is...

Published 15 Jan, 2024 12:03pm

Business & Finance

Vietnam 2024 economic growth seen at 6.0%: HSBC

HANOI: Vietnam’s economic growth is forecast to accelerate to 6.0% this year, from 5.05% last year, HSBC said on...

Published 09 Jan, 2024 12:59pm

Business & Finance

South Korea seeks fines on HSBC, BNP for naked short selling

South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on...

Published 21 Dec, 2023 10:22am

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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