Trends - Saudi Arabia - Business Recorder

Saudi Arabia

Derayah Financial launches first Saudi IPO of 2025 with offer of 20% stake

DUBAI: Saudi Arabia’s Derayah Financial will offer investors a 20% stake via an initial public offering, it said on...

Published 23 Jan, 2025 05:11pm

Markets

OPEC’s share in India’s annual oil imports rises after 8-year drop

NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,...

Published 17 Jan, 2025 02:04pm

World

Saudi minister confirms Manara Minerals looking at investing in Pakistan’s Reko Diq mine

Says Saudi Development Fund could contribute over $100 million to Pakistan’s mining infrastructure

Updated 15 Jan, 2025 10:34pm

Pakistan

Saudi firm Manara may invest in Pakistan’s Reko Diq mine, minister says

RIYADH: Saudi Arabian mining company Manara Minerals could invest in Pakistan’s Reko Diq mine in the next two...

Updated 14 Jan, 2025 11:08pm

World

Saudi Arabia plans to enrich and sell uranium, energy minister says

DUBAI: Saudi Arabia plans to monetize all minerals, including by selling uranium, Saudi energy minister Prince...

Updated 13 Jan, 2025 05:39pm

World

Talks with regional, EU diplomats: Saudi Arabia urges Syria sanctions relief

RIYADH: Saudi Arabia on Sunday called for the lifting of sanctions on Syria after meetings with top diplomats from...

Published 13 Jan, 2025 03:06am

Pakistan

Private bodies urged not to send beggars, drug-addicts to KSA

LAHORE: Chairman of the Pakistan Ulema Council (PUC) Hafiz Tahir Mahmood Ashrafi announced on Sunday that booking...

Published 13 Jan, 2025 03:06am

World

Arab, EU diplomats in Saudi for talks on support for Syria

RIYADH: Top diplomats from the Middle East and Europe were arriving in the Saudi capital on Sunday to discuss Syria,...

Updated 12 Jan, 2025 09:58pm

World

Saudi prepares for another Hajj menaced by extreme heat

RIYADH: The deaths of 1,300 pilgrims during the Hajj in Saudi Arabia last year underscored the urgent need to...

Published 10 Jan, 2025 06:06pm

World

2024 was the first year above 1.5C of global warming, scientists say

BRUSSELS: The world just experienced the first full year in which global temperatures exceeded 1.5C above...

Published 10 Jan, 2025 11:54am

Pakistan

Pakistan’s remittance inflow at $3.1bn in December 2024, up 6% month-on-month

Amount 29.3% higher when compared with $2.38 billion in December 2023

Updated 10 Jan, 2025 10:06pm

Markets

Saudi Arabia to tap debt market with 3-part sovereign bond sale

DUBAI: Saudi Arabia is tapping global debt markets with a planned three-part bond sale on Monday, fixed income news...

Published 06 Jan, 2025 05:01pm

World

New Syria foreign minister begins first visit to UAE: state media

DAMASCUS: Syria’s new foreign minister Asaad al-Shaibani landed in the United Arab Emirates Monday on his first...

Published 06 Jan, 2025 03:39pm

Markets

Saudi Arabia’s non-oil private sector keeps growing solidly in December, PMI shows

Strong demand drove growth in Saudi Arabia’s non-oil business sector in December, albeit at a slightly slower pace...

Published 05 Jan, 2025 10:21am

World

Syria FM hopes first foreign visit to Saudi opens ‘new, bright page’

DAMASCUS: Syria’s top diplomat said he hoped to open a “new, bright page” with Saudi Arabia upon arriving in...

Published 03 Jan, 2025 05:54am

Markets

Saudi Arabia may increase February oil prices for Asia

SINGAPORE: Top oil exporter Saudi Arabia may raise crude prices for Asian buyers in February for the first time in...

Published 03 Jan, 2025 05:54am

Markets

Saudi Arabia completes arrangement to secure $2.5bn credit facility

CAIRO: Saudi Arabia has finalised an arrangement for securing a shariah-compliant revolving credit facility worth...

Published 02 Jan, 2025 08:57pm

Sports

Qatar savour continental success, Saudis named World Cup hosts in big year for Asian football

Qatar were in full celebration mode to kick off 2024 with the successful defence of their Asian Cup title while...

Published 30 Dec, 2024 11:14am

Business & Finance

Saudi Arabia’s flyadeal to serve Pakistan in major expansion drive

KARACHI: Saudi low-cost carrier flyadeal announced Tuesday plans to launch scheduled flights to Pakistan’s...

Published 25 Dec, 2024 06:25am

Business & Finance

Saudi Arabia was top buyer of Russian fuel oil and VGO in November

MOSCOW: Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in...

Published 24 Dec, 2024 06:33am

Markets

Middle East share of India’s Nov oil imports at 9-mth high; Russia down

NEW DELHI: India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its...

Published 23 Dec, 2024 02:13pm

Markets

Saudi Arabia crude exports reach four-month high in Oct

Saudi Arabia’s crude oil exports in October rose to their highest level in four months, data from the Joint...

Published 18 Dec, 2024 03:08pm

World

Scrambling to save energy, Tehran turns off highway lights

TEHRAN: Iranian authorities have turned off lights illuminating Tehran’s highways, an official has told state media,...

Published 18 Dec, 2024 02:15pm

Business & Finance

Dubai-Riyadh 6th busiest international travel route as Asian business hubs dominate

DUBAI: Asian business hubs dominated international flight traffic in 2024 with 7 of the top 10 international busiest...

Published 18 Dec, 2024 06:37am

Pakistan

Pakistan, KSA agree to take steps for narcotics control

Pakistan and Saudi Arabia on Monday agreed to improve narcotics control measures under bilateral cooperation, the...

Published 16 Dec, 2024 07:20pm

Markets

Saudi Arabia buys 804,000 T of wheat in tender, GFSA says

HAMBURG: Saudi Arabia’s main state wheat buying agency the General Food Security Authority (GFSA) said on Monday it...

Published 16 Dec, 2024 01:43pm

World

Saudi Arabia calls Israeli Golan plan ‘sabotage’ of Syria

RIYADH: Saudi Arabia on Sunday condemned as “sabotage” of Syria an Israeli plan to double the population of the...

Published 16 Dec, 2024 06:08am

Business & Finance

Saudi Arabia’s inflation reaches 2% in November

RIYADH: Saudi Arabia’s annual inflation rate continued to slowly accelerate, hitting 2% in November compared to 1.9%...

Published 15 Dec, 2024 12:41pm

World

World falls short of drought deal at Saudi-hosted talks

RIYADH, (Saudi Arabia): Negotiators failed to produce an agreement on how to respond to drought at Saudi-hosted UN...

Published 15 Dec, 2024 02:50am

Markets

Saudi Arabia tenders for estimated 595,000 tons wheat

HAMBURG: Saudi Arabia’s state purchasing agency, the General Food Security Authority (GFSA), has issued an...

Published 12 Dec, 2024 01:47pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 23	278.71
USD PKR Interbank Buying / Jan 23	278.56
USD to Japanese Yen / Jan 23	156.57
USD to Swiss Franc / Jan 23	0.91
Pound Sterling to USD / Jan 23	1.23
Euro to USD / Jan 23	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
Nasdaq / Jan 22	20,009.34
Dow Jones / Jan 22	44,156.73
India Sensex / Jan 23	76,579.87
Tokyo Nikkei / Jan 23	40,000.30
Hang Seng / Jan 23	19,695.88
FTSE 100 / Jan 23	8,544.98
Germany DAX 30 / Jan 23	21,282.88

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Petrol/Litre / Jan 23	256.13
Crude Oil USD/Barrel / Jan 23	75.19
Gold Spot USD/Ounce / Jan 23	2,754.03
Diesel/Litre / Jan 23	260.95

Gainers
Losers
Leaders

Stock	Price
Saritow Spinning / Jan 23 Saritow Spinning Mills Limited(SSML)	10.12 ▲ 1.00 (10.96%)
Apna Microfin. / Jan 23 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	94.44 ▲ 8.59 (10.01%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Olympia Mills / Jan 23 Olympia Mills Limited(OML)	37.04 ▲ 3.37 (10.01%)
Arif Habib Ltd. / Jan 23 Arif Habib Limited(AHL)	72.46 ▲ 6.59 (10.00%)
Dewan Motors / Jan 23 Dewan Farooque Motors Limited(DFML)	46.07 ▲ 4.19 (10.00%)
Mughal Energy / Jan 23 Mughal Energy Limited(GEM)(GEMMEL)	21.45 ▲ 1.95 (10.00%)
Liven Pharma / Jan 23 Liven Pharma Limited(LIVEN)	150.99 ▲ 13.73 (10.00%)

Stock	Price
Nagina Cot. / Jan 23 Nagina Cotton Mills Limited(NAGC)	49.95 ▼ -5.55 (-10.00%)
Gulistan Sp. / Jan 23 Gulistan Spinning Mills Limited(GUSM)	10.92 ▼ -1.21 (-9.98%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	105.20 ▼ -11.20 (-9.62%)
J.K.Spinning / Jan 23 J.K. Spinning Mills Limited(JKSM)	60.50 ▼ -6.14 (-9.21%)
Kohat Textile / Jan 23 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Ruby Textile / Jan 23 Ruby Textile Mills Limited(RUBY)	6.67 ▼ -0.62 (-8.50%)
Sana Ind / Jan 23 Sana Industries Limited(SNAI)	28.60 ▼ -2.64 (-8.45%)
Faisal Sp. / Jan 23 Faisal Spinning Mills Limited(FASM)	340.01 ▼ -29.89 (-8.08%)
Calcorp Ltd / Jan 23 Calcorp Limited(CASH)	33.11 ▼ -2.82 (-7.85%)

Stock	Volume
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	141,910,406 ▲ 0.58
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.10
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 2.32
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	35,610,583 ▲ 0.74
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	32,491,903 ▲ 8.59
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▼ -0.11
Maple Leaf Cement / Jan 23 Maple Leaf Cement Factory Limited(MLCF)	26,406,513 ▲ 2.50
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	22,103,404 ▲ 0.45
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 2.76

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