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Saudi National Bank

Bank Alfalah withdraws intention to acquire stake in Samba Bank as SNB halts divestment

Bank Alfalah Limited (BAFL), one of Pakistan’s largest commercial banks, has withdrawn its public announcement of...

Updated 14 Nov, 2024 10:59pm

Business & Finance

Samba Pakistan: SNB terminates process to sell equity stake

KARACHI: Saudi National Bank (SNB), the majority shareholder of Samba Bank Limited (SBL), has terminated the process...

Published 13 Nov, 2024 06:33am

Business & Finance

Saudi National Bank terminates plan to divest stake in Samba Pakistan

Saudi National Bank (SNB) has terminated the process for the sale of its equity stake in Samba Pakistan. The...

Updated 12 Nov, 2024 10:46pm

Business & Finance

SBP gives go-ahead to Bank Alfalah to conduct due diligence of Samba Bank

The State Bank of Pakistan (SBP) has granted its approval to Bank Alfalah Limited to commence due diligence of Samba...

Updated 20 May, 2024 08:07pm

Markets

Most Gulf markets rise while Saudi bourse holds steady

Most Gulf stock markets rose on Sunday against a backdrop of rising oil prices on improving economic indicators from...

Published 19 May, 2024 06:39pm

Markets

Saudi leads as Gulf markets close higher

DUBAI: Stock markets in the Gulf ended higher on Monday, led by the Saudi index on strong corporate earnings, while...

Published 30 Apr, 2024 03:43am

Business & Finance

Bank Alfalah submits public intention to acquire majority stake in Samba Bank

Bank Alfalah Limited, one of Pakistan’s largest commercial banks, has submitted a public intention to acquire a...

Updated 15 Apr, 2024 10:44pm

Business & Finance

Offer to acquire stake in Samba Bank: SNB confirms willingness to Bank Alfalah

KARACHI: Saudi National Bank (SNB) has confirmed to the Bank Alfalah that they are willing to entertain non-binding...

Published 30 Mar, 2024 04:58am

Business & Finance

Bank Alfalah’s eyes majority stake in Samba Bank Limited

Bank Alfalah Limited, one of Pakistan’s largest commercial banks, has expressed its intention to acquire a majority...

Updated 29 Mar, 2024 10:15pm

Markets

Gulf markets gain on optimism over de-escalation in regional tensions

DUBAI: Most stock markets in the Gulf reversed early losses to end higher on Wednesday, helped by optimism for a...

Published 08 Feb, 2024 05:02am

Markets

Most Gulf markets gain on rising oil prices

DUBAI: Most stock markets in the Gulf ended higher on Sunday in response to Friday’s rise in oil prices, with the...

Published 20 Nov, 2023 06:28am

Markets

Gulf bourses drop as Mideast conflict rages

RIYADH: Most stock markets in the Gulf fell on Sunday amid worries that the escalating war between Palestinian group...

Published 16 Oct, 2023 05:47am

Markets

Saudi National Bank Q2 net profit up 9%, beating estimate

DUBAI: Saudi National Bank (SNB) on Tuesday reported a 9.3% jump in net profit for the second quarter compared with...

Published 25 Jul, 2023 11:58am

Business & Finance

Saudi National Bank was denied taking 40pc Credit Suisse stake: report

VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was ...

Published 10 Jul, 2023 06:52am

Business & Finance

Saudi National Bank was denied taking 40% Credit Suisse stake: report

VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was...

Published 09 Jul, 2023 06:34pm

Markets

Major Gulf bourses end lower on falling oil prices

Major stock markets in the Gulf ended lower on Sunday in response to falling oil prices and weaker-than-expected...

Published 11 Jun, 2023 06:43pm

Markets

Saudi National Bank chair resigns after Credit Suisse buyout

RIYADH: The chairman of Saudi National Bank, which was the main shareholder of troubled lender Credit Suisse before...

Published 27 Mar, 2023 01:53pm

Markets

Most Gulf bourses inch higher in early trade

Most stock markets in the Gulf rose slightly in early trade on Tuesday, tracking global peers as fears about a...

Published 21 Mar, 2023 02:46pm

Markets

Switzerland’s secretive Credit Suisse rescue rocks global finance

ZURICH: Days before a hastily convened press conference late on Sunday that would make the world’s front pages,...

Published 21 Mar, 2023 10:48am

Markets

Saudi National Bank strategy unaffected by hit to Credit Suisse investment

DUBAI: Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit...

Published 20 Mar, 2023 12:56pm

Markets

Most Gulf markets turn south as Credit Suisse woes roil markets

DUBAI: Most stock markets in the Gulf gave up early gains to end lower on Wednesday, tracking a decline in global...

Published 16 Mar, 2023 06:01am

Markets

Former top Credit Suisse shareholder sells full stake in bank

Harris Associates, one of Credit Suisse’s major shareholders, has sold its stake in the Swiss bank over the past few...

Published 06 Mar, 2023 11:33am

Markets

Most Gulf markets rise on higher oil prices

DUBAI: Most major Gulf equities closed higher on Thursday, tracking global peers and oil prices higher on optimism...

Published 13 Jan, 2023 06:05am

Opinion

Cracks appear in Credit Suisse comeback plans

After months of reflecting, Credit Suisse’s chairman Axel Lehmann revealed an overhaul “to rebuild Credit Suisse...

Published 29 Oct, 2022 05:55am

Markets

Credit Suisse says seeks $4bn capital, Saudi National Bank to invest up to $1.5bn

GENEVA: Credit Suisse said Thursday it intends to raise capital worth four billion Swiss francs ($4 billion) as part...

Published 27 Oct, 2022 10:32am

Markets

Saudi National Bank’s third quarter profit up 18.7%

DUBAI: Saudi National Bank, the kingdom’s biggest lender, said on Sunday its net profit in the third quarter rose...

Published 23 Oct, 2022 12:00pm

Markets

Saudi snaps 4-day losing streak in broader Gulf rebound

DUBAI: Most stock markets in the Gulf rebounded on Tuesday, with the Saudi index snapping a four-day losing streak,...

Published 21 Sep, 2022 05:57am

Markets

Gulf bourses slide on elevated interest rate worries

DUBAI: Gulf stocks ended lower on Monday amid concerns that central banks around the world are certain to increase...

Published 20 Sep, 2022 05:51am

Markets

Gulf stocks fall on tight monetary policy outlook

DUBAI: Major Gulf stock markets ended lower on Sunday as investors in the region reacted to comments by Federal...

Published 29 Aug, 2022 05:44am

Markets

Most major Gulf indexes rise

DUBAI: Most major Gulf indexes closed higher on Wednesday, with the Saudi market extending gains on the back of...

Published 28 Jul, 2022 04:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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