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US market

Tokyo’s Nikkei index closes nearly 3pc higher

TOKYO: Tokyo stocks surged Tuesday following another record high for the Dow on Wall Street, with exporters boosted...

Published 14 Feb, 2024 02:34am

Markets

Tokyo’s Nikkei ends lower on year’s first trading day

TOKYO: Tokyo’s benchmark Nikkei 225 index closed lower on Thursday, Japan’s first trading day of 2024, as the...

Published 05 Jan, 2024 03:12am

Business & Finance

Reckitt’s Mead Johnson Nutrition recalls baby formula powder from US: FDA

NEW YORK: Reckitt Benckiser Group’s Mead Johnson Nutrition (MJN) is voluntarily recalling select batches of...

Published 01 Jan, 2024 05:40am

Business & Finance

Euro profits from better euro zone data; US market shut

LONDON: The euro edged up on Thursday after data suggested the downturn in the euro zone economy may be starting to...

Published 24 Nov, 2023 05:29am

Markets

Paris wheat ticks down

HAMBURG/PARIS: European wheat futures ticked down on Monday, stabilising after an earlier three-week low as a weaker...

Published 03 Oct, 2023 06:02am

Business & Finance

Indian IT giant TCS misses profit estimates on US weakness

MUMBAI: Indian software giant TCS reported a weaker-than-expected increase in first-quarter profits Wednesday, as...

Published 17 Apr, 2023 06:41am

Business & Finance

Biden pledges ‘whatever needed’ as banks feel force of SVB fallout

NEW YORK: US President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the...

Published 14 Mar, 2023 03:18am

Business & Finance

Brooklyn chamber ready to introduce Pak products in US market: spokesman

ISLAMABAD: The Brooklyn Chamber of Commerce is committed to introducing Pakistani products in the American market,...

Published 26 Jan, 2023 05:58am

Business & Finance

DGKCC to export 600,000 tons of cement to USA per year

KARACHI: The DG Khan Cement Company (DGKCC) to export 600,000 tons of low-alkali cement to the United States per ...

Published 19 Jan, 2023 05:58am

Technology

Tesla cuts prices on electric vehicles for US market

Tesla has slashed prices on its top-selling electric vehicles for the US market, the automaker’s website showed,...

Published 13 Jan, 2023 10:33am

Editorials

‘Dangerous new normal’

EDITORIAL: IMF (International Monetary Fund) chief Kristalina Georgieva’s warning about a “dangerous new...

Published 16 Oct, 2022 03:53am

Editorials

Missing the bus

EDITORIAL: It seems Pakistan is not going to benefit from the great relocation of China’s labour-intensive...

Published 23 Jul, 2022 04:10am

Business & Finance

Nissan reports first full-year net profit in three years

TOKYO: Nissan reported a positive full-year net profit for the first time in three years on Thursday, citing...

Published 16 May, 2022 05:42am

Markets

Swedish Match strikes record high on Philip Morris takeover move

STOCKHOLM: Swedish Match shares leapt to a record high on Tuesday after Marlboro-maker Philip Morris International...

Published 11 May, 2022 04:58am

Business & Finance

US FDA declines to approve Hutchmed’s China-tested cancer drug

WASHINGTON: Drugmaker Hutchmed Ltd said on Monday the US Food and Drug Administration has declined to approve its...

Published 03 May, 2022 03:47am

Supplements

Market Access

TEXT: • Kenya is sizable local market with a population of about 50 million people and growing at approximately 3%...

Published 14 Dec, 2021 06:40am

Opinion

Didi departure from NYSE marks end of Wall Street romance with Chinese big tech

The Chinese ride-hailing giant Didi Chuxing’s announcement that it will delist its shares from the New York Stock...

Published 06 Dec, 2021 06:19am

Markets

Funds ejected from soyameal shorts as futures surge

FORT COLLINS: Speculators were forced to abandon short positions in Chicago-traded soyabean meal last week as...

Published 23 Nov, 2021 03:54am

Business & Finance

Webinar on potential of carpet/rug exports to US held

KARACHI: Trade Development Authority of Pakistan, in collaboration with Consulate General of Pakistan New York...

Published 17 Sep, 2021 03:52am

Markets

Paris wheat steadies with Chicago; exports underpin German prices

PARIS: Euronext wheat edged higher on Thursday as Chicago grain futures recovered from multi-week lows and traders...

Published 03 Sep, 2021 04:58am

Markets

ICE canola futures drop

WINNIPEG, (Manitoba): ICE canola futures plunged on Monday, halting a 10-day winning streak, as forecasts showed...

Published 07 Jul, 2021 04:28am

Opinion

As small-cap stocks lag, Wall Street worries about broad slowdown

An historic rally in share prices for smaller US companies has slowed sharply in April after six months of strong...

Published 27 Apr, 2021 03:02am

Business & Finance

Enel eyes expansion to US, other power distribution markets

"In the US we are in generation... we would like to enter one day into distribution," Enel Global Infrastructure and Networks CEO Antonio Cammisecra told a media briefing.
Enel manages power distribution grids in 8 countries in Latin America and Europe and more than 40% of its 17.9 billion euros of core earnings came from networks last year.

Published 20 Apr, 2021 06:06pm

US to impose anti-dumping tax on 18 countries

WASHINGTON: The US Department of Commerce is preparing to tax aluminum sheet exporters from 18 countries after...

Updated 04 Mar, 2021 09:38am

Business & Finance

Vestas to cut 450 US jobs on lower short-term demand

With a larger fleet under service and lower demand in the near-term, we are therefore consolidating our setup in Colorado.
This month CEO Henrik Andersen told Reuters he "could not be more excited about the outlook" in the United States.

Published 17 Feb, 2021 08:44pm

Markets

McDonald's earnings miss estimates as Europe lockdowns squash sales

Several European countries announced tough restrictions as the health crisis spiraled out of control late last year.
McDonald's said the restrictions were impacting markets abroad, particularly those with fewer drive-thru locations.

Published 28 Jan, 2021 09:00pm

Pakistan

Pak-US Business Council chief greets Biden

KARACHI: Iftikhar Ali Malik, founder President of Pak-US Business Council, President of SAARC Chamber of Commerce ...

Updated 24 Jan, 2021 10:15am

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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