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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

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

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

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

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

Business & Finance

Asian currencies range-bound

BENGALURU: Taiwanese shares tanked to a one-month low on Monday with the Taiwanese dollar leading losses among other...

Published 23 Jul, 2024 08:29am

Technology

Nvidia preparing version of new flagship AI chip for Chinese market, sources say

SINGAPORE: Nvidia is working on a version of its new flagship AI chips for the China market that would be compatible...

Published 22 Jul, 2024 11:29am

Markets

Nasdaq, S&P 500 power on as Nvidia surge lifts tech stocks

NEW YORK: The S&P 500 and the Nasdaq hovered at record highs on Tuesday, propelled by gains in Nvidia and other...

Published 10 Jul, 2024 03:14am

Markets

S&P 500, Nasdaq hit all-time highs

NEW YORK: The Nasdaq and the S&P 500 touched record highs on Friday after an in-line inflation report...

Published 29 Jun, 2024 06:40am

Markets

Japan’s Nikkei rallies on fresh tech momentum

TOKYO: Japan’s Nikkei share average climbed more than 1% to secure a 2-1/2 month closing peak on Wednesday, as...

Published 27 Jun, 2024 06:52am

Markets

Nasdaq gains as chip stocks recover ground

NEW YORK: The tech-heavy Nasdaq jumped over 1% on Tuesday, buoyed by strength in Nvidia and other megacaps, while ...

Published 26 Jun, 2024 03:15am

Markets

China stocks lower as semiconductor shares drag

SHANGHAI: China stocks ended lower on Tuesday, weighed down by semiconductor stocks, ahead of the release of more...

Published 26 Jun, 2024 03:15am

Markets

European stocks fall as Nvidia slump hits tech sector

LONDON/SYDNEY: European stocks fell on Tuesday after a 7% drop in chipmaker Nvidia dragged down US tech companies on...

Published 26 Jun, 2024 03:15am

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

Nasdaq, S&P 500 rise on soft producer inflation data, chip strength

The S&P 500 and Nasdaq indexes hovered near record highs on Thursday, lifted by a jump in chip stocks after...

Published 13 Jun, 2024 07:41pm

Business & Finance

Apple becomes the first $1 trillion global brand, Nvidia’s value triples, report says

Apple has become the first brand to cross $1 trillion in brand value, a 15% jump from last year, while chipmaker...

Published 12 Jun, 2024 05:16pm

Business & Finance

Nvidia overtakes Apple as No 2 most valuable company

NEW YORK: Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation...

Published 07 Jun, 2024 06:24am

Technology

Intel unveils new chip tech in AI battle with Nvidia, AMD

TAIPEI: US chip titan Intel on Tuesday struck a defiant tone in the face of strong challenges from rivals Nvidia, ...

Published 05 Jun, 2024 07:47am

World

Samsung Electronics workers’ union announces first strike

SEOUL: A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said...

Published 30 May, 2024 06:19am

Markets

Wall Street bounces back ahead of long weekend

NEW YORK: US stock indexes climbed on Friday, regaining some lost ground following a weak session on Wall Street...

Published 25 May, 2024 06:33am

Markets

Nasdaq jumps on Nvidia results cheer

NEW YORK: The tech-heavy Nasdaq climbed on Thursday as investors cheered AI chip leader Nvidia’s blowout revenue...

Published 24 May, 2024 06:27am

Technology

TSMC sees annual sales growth to reach 10% in semiconductor industry

HSINCHU: Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual...

Published 23 May, 2024 10:55am

Markets

Tech stocks lift Japan’s Nikkei on boost from Nvidia’s robust outlook

TOKYO: Japan’s Nikkei share average rose on Thursday led by a rally in technology stocks, after US peer Nvidia’s...

Published 23 May, 2024 10:45am

Markets

Carmakers drive European stocks to one-week low

PARIS: European stocks closed at a one-week low on Wednesday, hurt by a sell-off in automakers following a report...

Published 23 May, 2024 05:16am

Markets

Hong Kong stocks flat at open

HONG KONG: Hong Kong stocks were barely moved in opening exchanges Wednesday as investors struggled to bounce back...

Published 22 May, 2024 11:51am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 17	277.85
USD PKR Interbank Buying / Oct 17	277.65
USD to Japanese Yen / Oct 17	149.91
USD to Swiss Franc / Oct 17	0.87
Pound Sterling to USD / Oct 17	1.30
Euro to USD / Oct 17	1.08

Stock	Volume
S&P 500 / Oct 17	5,841.47
India Sensex / Oct 17	81,006.61
Tokyo Nikkei / Oct 17	39,049.37
Nasdaq / Oct 17	18,373.61
Hang Seng / Oct 17	20,275.40
FTSE 100 / Oct 17	8,385.13
Dow Jones / Oct 17	43,239.05
Germany DAX 30 / Oct 17	19,583.39

Item	Value
Crude Oil USD/Barrel / Oct 17	70.80
Karachi Cotton PKR/37.32 KG / Oct 17	18,085
Gold 10 Grams PKR / Oct 17	238,254
Gold Spot USD/Ounce / Oct 17	2,709.16
Cotton US¢/pound / Oct 17	71.02
Petrol/Litre / Oct 18	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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