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Billionaires’ wealth more than doubles in 10 years: UBS

ZURICH: Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion,...

Published 05 Dec, 2024 09:27pm

Markets

Gold prices slightly up on Fed rate optimism

NEW YORK: Gold prices edged higher on Tuesday, as recovering expectations of a US rate cut in December weighed on ...

Published 04 Dec, 2024 03:14am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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