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India IT minister praises DeepSeek’s low-cost AI, compares it with own investment approach

India’s IT minister has praised Chinese startup DeepSeek for shaking up the sector with its low-cost AI assistant,...

Published 30 Jan, 2025 01:36pm

Markets

Tech stock selloff deepens as DeepSeek triggers AI rethink

SINGAPORE: Japanese technology shares fell on Tuesday as a global market rout sparked by the emergence of a low-cost...

Published 28 Jan, 2025 10:48am

Business & Finance

SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

SEOUL: South Korea’s SK Hynix forecast sales of its high-end semiconductors used in generative artificial...

Published 23 Jan, 2025 08:40am

Technology

TikTok owner ByteDance plans to spend $12 bln on AI chips in 2025, FT reports

ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend...

Published 22 Jan, 2025 08:14am

Technology

Microsoft relaxes data center grip on OpenAI amid $500 bln joint venture

Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a...

Published 22 Jan, 2025 08:00am

Technology

TSMC’s Q4 profit rises 57% to a record, in line with forecast

TAIPEI: Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with...

Published 16 Jan, 2025 11:34am

Technology

TSMC’s fourth-quarter revenue handily beats market forecast on AI demand

TAIPEI: TSMC, the world’s largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat...

Published 10 Jan, 2025 11:41am

Technology

Nvidia criticizes reported Biden plan for AI chip export curbs

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip...

Published 10 Jan, 2025 11:18am

Markets

Wall St set to end 2024 on high note as AI boom

NEW YORK: Wall Street’s main indexes slipped in the last trading session of 2024 as Treasury yields rose, but the...

Published 01 Jan, 2025 03:03am

Markets

Wall Street pressured by rising bond yields

NEW YORK: Wall Street’s main indexes were muted in choppy trading on Friday as yields on government bonds ticked...

Published 14 Dec, 2024 06:46am

Technology

China targets Nvidia with antitrust probe, escalating US chip tensions

BEIJING: China said on Monday it has launched an investigation into Nvidia Corp over suspected violations of the...

Published 09 Dec, 2024 09:16pm

Markets

Japan’s Nikkei ends higher

TOKYO: Japan’s Nikkei share average ended higher on Friday after two straight sessions of falls, as chip-related...

Published 23 Nov, 2024 06:19am

Business & Finance

Asian currencies stay subdued

BENGALURU: Equity benchmarks in Taiwan and South Korea climbed more than 1% on Friday, boosted by optimism around...

Published 23 Nov, 2024 06:19am

Markets

Gold climbs on rising demand

LONDON: Spot gold prices rose for the fourth consecutive day on Thursday, helped by safe-haven demand and subdued...

Published 22 Nov, 2024 03:03am

Markets

S&P 500, Nasdaq inch up as investors assess Russia-Ukraine tensions

NEW YORK: The S&P 500 and the tech-heavy Nasdaq edged higher on Tuesday, paring earlier losses as investors...

Published 20 Nov, 2024 06:45am

Markets

Japan’s Nikkei ends higher

TOKYO: Japan’s Nikkei share average closed higher on Tuesday, driven by chip-related stocks which tracked ...

Published 20 Nov, 2024 06:45am

Markets

European stocks sink

FRANKFURT: Europe’s main stock index touched its lowest level in three months on Tuesday, as escalating...

Published 20 Nov, 2024 06:45am

Technology

Taiwan chip giant TSMC sued for alleged discrimination

WASHINGTON: More than a dozen US-based employees of Taiwanese chipmaking giant TSMC have sued the company for...

Published 14 Nov, 2024 01:17pm

Technology

Nvidia and SoftBank pilot world’s first AI and 5G telecom network

TOKYO: Leading chipmaker Nvidia and SoftBank Corp, the telecommunications arm of SoftBank Group, have piloted the...

Published 13 Nov, 2024 10:05am

Business & Finance

Samsung to focus on high-end chips to improve earnings after disappointing results

SEOUL: Samsung Electronics said it would focus on producing high-end chips to improve profitability after reporting...

Published 31 Oct, 2024 09:46am

Markets

Wall Street loses ground as chip, oil stocks plummet

NEW YORK: Wall Street slipped on Tuesday, with the tech-heavy Nasdaq leading the decline, as a slump in ...

Published 16 Oct, 2024 06:58am

Technology

ByteDance plans new AI model trained with Huawei chips, sources say

TikTok’s Chinese parent ByteDance plans to develop an AI model trained primarily with chips from compatriot Huawei...

Published 30 Sep, 2024 11:28am

Markets

Nikkei ends higher as tech tracks Dow’s record close

TOKYO: Japan’s Nikkei share average ended higher on Friday, with technology stocks leading the gains, as traders...

Published 31 Aug, 2024 06:55am

Markets

Nasdaq leads Wall Street lower as Nvidia results loom

NEW YORK: Wall Street’s main indexes were lower on Wednesday ahead of Nvidia’s earnings, with the Nasdaq leading...

Published 29 Aug, 2024 06:53am

Markets

Insurance, chemical stocks keep STOXX 600 at over one-month high

PARIS: The benchmark European stock index rose to its highest since July on Wednesday, boosted by insurance and...

Published 29 Aug, 2024 06:53am

Markets

Japan’s Nikkei edges higher on weaker yen

TOKYO: Japan’s Nikkei share average closed higher on Wednesday amid a weaker yen, but earnings from AI darling...

Published 29 Aug, 2024 06:53am

Business & Finance

Buffett’s Berkshire Hathaway hits $1trn market value

NEW YORK: Warren Buffett’s Berkshire Hathaway holding company briefly crossed $1 trillion in market value...

Published 29 Aug, 2024 06:53am

Markets

US stocks waver in lead up to data deluge

NEW YORK: US stocks struggled for direction on Monday as investors braced for a slew of economic data this week with...

Published 13 Aug, 2024 07:02am

Markets

Nasdaq slumps as megacaps, chips fall ahead of results

NEW YORK: The Nasdaq dropped 1% on Tuesday as chip and megacap shares took a hit ahead of Big Tech earnings, while...

Published 31 Jul, 2024 06:50am

Opinion

The unglamorous part of leading

We see fame. We see wealth. We see respect. We see adulation. We see success. We see impact. That is what we see and...

Updated 26 Jul, 2024 08:26am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.53 ▲ 0.24 (10.48%)
Chenab Ltd (Pref) / Jan 30 Chenab Limited (Pref)(CLCPS)	3.92 ▲ 0.37 (10.42%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Fateh Ind. / Jan 30 Fateh Industries Limited(FIL)	147.33 ▲ 13.39 (10%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)
J.K.Spinning / Jan 30 J.K. Spinning Mills Limited(JKSM)	63.80 ▲ 5.8 (10%)
MithchellsFruit / Jan 30 Mitchells Fruit Farms Limited(MFFL)	274.36 ▲ 24.94 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Premier Sugar / Jan 30 The Premier Sugar Mills(PMRS)	359.58 ▼ -39.95 (-10%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	31.62 ▼ -3.51 (-9.99%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.53 ▼ -1.21 (-8.21%)
Gulshan Sp. / Jan 30 Gulshan Spinning Mills Limited(GSPM)	3.72 ▼ -0.31 (-7.69%)
Tandlianwala Sugar / Jan 30 Tandlianwala Sugar Mills Limited(TSML)	66 ▼ -4.99 (-7.03%)
Gadoon Textile / Jan 30 Gadoon Textile Mills Limited(GADT)	221 ▼ -14.14 (-6.01%)
Shahtaj Textile / Jan 30 Shahtaj Textile Limited(STJT)	67.05 ▼ -3.95 (-5.56%)

Stock	Volume
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.1
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.09
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	25,813,741 ▲ 0.2
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 3.09
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.04
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	20,536,876 ▲ 1.16
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	19,103,074 ▲ 2.3
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▼ -0.1

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