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SABIC

CCP grants approval to three mergers

ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval to three mergers concerning M/s Saudi...

Updated 25 Feb, 2024 10:43pm

Business & Finance

Saudi’s SABIC gives go-ahead for $6.4bn China petrochemical plant

BEIJING: Saudi Basic Industries Corp (SABIC) will go ahead with building a petrochemical complex in southeastern...

Published 23 Jan, 2024 05:14am

Business & Finance

Saudi’s SABIC gives go-ahead for $6.4bn China petrochemical plant

BEIJING: Saudi Basic Industries Corp (SABIC) will go ahead with building a petrochemical complex in southeastern...

Published 22 Jan, 2024 12:09pm

Business & Finance

Saudi’s SABIC to sell steel unit Hadeed to PIF for $3.3bn

DUBAI: Saudi Basic Industries Corp said on Sunday it had agreed to sell subsidiary Saudi Iron and Steel Company...

Published 03 Sep, 2023 02:04pm

Markets

Saudi index falls on economic worries; Egypt extends losses

DUBAI: Saudi Arabia’s stock market ended lower on Sunday, ending three sessions of gains, in response to ...

Published 19 Dec, 2022 06:00am

Markets

Saudi Shares fall

DUBAI: Saudi Arabian shares extended losses on Sunday, weakened by disappointing corporate earnings, volatile energy...

Published 31 Oct, 2022 05:55am

Markets

Major Gulf markets dip on oil weakness, inflation worries

DUBAI: Most major Gulf stock markets fell on Sunday amid fears of a potential global recession and volatile oil...

Published 22 Aug, 2022 06:33am

Markets

Abu Dhabi leads most Gulf markets higher

DUBAI: Most stock markets in the Gulf ended higher on Wednesday, supported by strong oil prices, with the Abu Dhabi...

Published 20 Jan, 2022 04:21am

Markets

Most Gulf bourses fall in line with global shares

DUBAI: Most stock markets in the Gulf ended lower on Wednesday in line with global shares, as investors positioned...

Published 30 Dec, 2021 04:40am

Markets

Saudi bourse outperforms most Gulf markets

DUBAI: Saudi Arabia’s stock market ended higher on Wednesday, buoyed by gains in financial shares, while the Dubai...

Published 25 Nov, 2021 03:53am

Markets

Most Gulf bourses in red; Aramco's Q3 profit surges

DUBAI: Most stock markets in the Gulf ended lower on Sunday, with the Saudi index extending losses for a third...

Published 01 Nov, 2021 05:16am

Markets

Saudi index snaps 4-day winning streak

DUBAI: Major stock markets in the Gulf ended mixed on Sunday, with the Saudi index giving up early gains to close...

Published 11 Oct, 2021 04:32am

Markets

Saudi, UAE stocks gain after IEA’s oil demand outlook

DUBAI: Stock markets in Saudi Arabia and the United Arab Emirates (UAE) closed higher on Wednesday, a day after the...

Published 16 Sep, 2021 04:02am

Markets

Saudi cement firm postpones capital reduction plan amid private sector push

Yanbu Cement, listed on the Saudi stock exchange Tadawul, had said in January its board had recommended a capital reduction to 1 billion riyals ($266.65 million) from 1.575 billion riyals as the capital exceeded the company's needs.
The capital decrease would have happened by cancelling 36.5% of its shares and compensating shareholders.

Published 05 Apr, 2021 09:37pm

Business & Finance

Saudi Arabia plans economic overhaul with $3.2trln investment

RIYADH: Saudi Arabia announced plans Tuesday to pump investments worth $3.2 trillion into the national economy by...

Published 05 Apr, 2021 03:56am

Markets

Most major Gulf markets gain; Saudi index dips

DUBAI: Most major stock markets ended higher on Thursday, while the Saudi index eased a day after it registered ...

Published 02 Apr, 2021 04:58am

Markets

Most major Gulf markets gain; Saudi index dips

Saudi Arabia's crown prince said oil firm Aramco and petrochemical firm SABIC would lead 5 trillion riyals ($1.33 trillion) of investments by the local private sector by 2030 under a programme announced on Tuesday for economic diversification.
The kingdom's benchmark index eased 0.1%, hit by a 1.5% fall in oil giant Saudi Aramco and 2% slide in Saudi Basic Industries Corp.

Published 01 Apr, 2021 07:48pm

Markets

Saudi shares outperform on $1.3trln private investment push

DUBAI: Saudi Arabia’s stock market rose sharply on Wednesday, after the country announced a huge investment push...

Published 01 Apr, 2021 04:10am

Business & Finance

Aramco, SABIC to lead private sector investment push, Saudi Crown Prince says

He said dividends for those owning shares in Aramco, which listed on the local bourse in 2019, would remain stable. The Saudi government still owns 98% of the firm.

Published 31 Mar, 2021 11:43am

Markets

Major Gulf markets weaken; Saudi index gains

DUBAI: Major Gulf markets weakened on Thursday, tracking global shares, as a sudden sell-off on Wall Street and...

Published 29 Jan, 2021 04:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	154.72
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20
France CAC40 / Jan 30	7,941.64
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Petrol/Litre / Jan 31	256.13
Crude Oil USD/Barrel / Jan 31	72.68
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,793
Diesel/Litre / Jan 31	260.95

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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