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UBS smashes forecasts with $1.4 billion Q3 net profit

ZURICH: Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said...

Published 30 Oct, 2024 11:59am

Business & Finance

UBS fund management arm reports 3% stake in Swiss National Bank

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing...

Published 25 Oct, 2024 07:29pm

Business & Finance

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma

ZURICH: As the Swiss National Bank’s new chairman Martin Schlegel takes office this week, the jury is out on the...

Published 30 Sep, 2024 12:07pm

Business & Finance

UBS sues Bank of America for $200m over crisis-era mortgage costs

NEW YORK: UBS sued Bank of America for $200 million on Wednesday, saying the second-largest US bank refused to cover...

Published 01 Aug, 2024 06:06am

Markets

Oil prices down

NEW YORK: Oil prices fell by more than $1 a barrel on Monday after Israeli officials said they wanted to avoid...

Published 30 Jul, 2024 03:10am

Markets

Gold prices firm

BENGALURU: Gold prices edged up on Monday as the dollar weakened in response to President Joe Biden’s decision to...

Published 23 Jul, 2024 08:29am

Business & Finance

Swiss authorities draw flak in Credit Suisse probe: report

ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have...

Published 15 Jul, 2024 06:25am

Markets

Tech shares drive China stocks higher

SHANGHAI: China stocks closed higher on Tuesday, led by tech shares, as investors await the highly anticipated...

Published 10 Jul, 2024 03:14am

Business & Finance

Challenges await as UBS makes Credit Suisse merger official

ZURICH: Banking giant UBS on Monday officially merged its Swiss branches with those of Credit Suisse, but huge...

Published 08 Jul, 2024 08:25am

Markets

Oil falls after jump in US inventories

NEW YORK: Oil prices fell slightly on Wednesday after US crude stocks posted their third unexpected weekly rise in...

Published 27 Jun, 2024 06:52am

Business & Finance

UBS sets aside $900mn for investors hit by Credit Suisse scandal

ZURICH: Swiss banking giant UBS said Monday it would set aside $900 million to help compensate investors who took a...

Published 17 Jun, 2024 05:16pm

Business & Finance

UBS and Credit Suisse’s Swiss units could merge by July 1, executive says

ZURICH: The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior...

Published 11 Jun, 2024 12:30pm

Markets

Oil steadies as OPEC+ restraint balances interest rate concerns

LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2...

Updated 28 May, 2024 04:38pm

Markets

European stocks end lower as rate worries resurface

PARIS: European stocks ended lower on Friday and down for the week, as signs of persistent US price pressures and a...

Published 25 May, 2024 06:33am

Business & Finance

UBS back in profit after Credit Suisse takeover losses

ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far...

Published 07 May, 2024 12:43pm

Markets

China stocks rise as sentiment improves

SHANGHAI: Mainland China stocks ended higher on Thursday and Hong Kong closed at a five-month high, as sentiment...

Published 26 Apr, 2024 04:15am

Markets

China stocks higher as investors gauge US rate outlook

SHANGHAI: China stocks closed up on Wednesday and tracked global peers higher as market sentiment was buoyed by...

Published 25 Apr, 2024 03:05am

Markets

STOXX 600 falls on banks drag; tech contains losses on ASMI boost

PARIS: Europe’s benchmark stock index dropped on Wednesday as financials sagged on disappointing earnings from...

Published 25 Apr, 2024 03:05am

Markets

US crude futures climb back into positive territory

HOUSTON: US crude futures returned to positive territory on Monday after falling on easing fears of a wider Mideast...

Published 23 Apr, 2024 03:41am

Business & Finance

Five waves of UBS layoffs to start in June

VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse...

Updated 22 Apr, 2024 09:25am

Business & Finance

UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023

ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over...

Published 28 Mar, 2024 01:40pm

Business & Finance

UBS sells $8bn of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...

Published 28 Mar, 2024 07:20am

Business & Finance

UBS sells $8 billion of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,...

Published 27 Mar, 2024 01:29pm

Business & Finance

UBS to boost Asia-sourced assets to 20% in five to six years, CEO says

HONG KONG: UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20% in five-six...

Published 26 Mar, 2024 02:18pm

Life & Style

Big hotel chains and unbranded-hotel owners find they need each other

NEW YORK: Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as...

Published 25 Mar, 2024 03:49pm

Markets

China stocks fall as Country Garden drags property developers lower

SHANGHAI: China stocks closed down on Wednesday, dragged by property developers as Country Garden missed a coupon...

Published 14 Mar, 2024 03:00am

Business & Finance

UBS posts $279-mn Q4 net loss after Credit Suisse takeover

ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid...

Published 06 Feb, 2024 12:04pm

Business & Finance

UniCredit vows to match 2023 income after beating forecast

MILAN: UniCredit pledged to match its 2023 income this year despite a toughening backdrop and said it would pay out...

Published 05 Feb, 2024 01:37pm

Business & Finance

UBS unveils big branding push after Credit Suisse takeover

ZURICH: UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions...

Published 23 Jan, 2024 02:33pm

Markets

China stocks rebound from 5-year lows

SHANGHAI: China stocks closed up after touching their lowest in nearly five years, as some exchange-traded funds(E...

Published 19 Jan, 2024 05:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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