BR100 3,590 Increased By ▲ 5 (0.15%)
BR30 18,354 Decreased By ▼ -34 (-0.19%)
KSE100 34,978 Increased By ▲ 71 (0.2%)
KSE30 15,158 Increased By ▲ 28 (0.19%)
COVID-19 TOTAL DAILY
CASES 217,809 4339
DEATHS 4,473 78
Sindh 86,795 Cases
Punjab 77,740 Cases
Balochistan 10,608 Cases
Islamabad 13,082 Cases
KP 26,938 Cases
TSX gains on energy boost, record US jobs growth
Markets

TSX gains on energy boost, record US jobs growth

  • The US economy created jobs at a record clip in June as more restaurants and bars resumed operations.
  • The energy sector climbed 1.7% as US crude prices were up 1.1% a barrel, while Brent crude added 1.3%.
Published Jul 02, 2020 07:43pm
US Supreme Court to hear Trump appeal over Russia report documents
World

US Supreme Court to hear Trump appeal over Russia report documents

  • The justices are due to hear the case in their next term, which starts in October, meaning the dispute is unlikely to be resolved before the Nov. 3 election.
  • The justices took up the administration's appeal of a March ruling by the US Court of Appeals for the District of Columbia Circuit that material must be given to lawmakers.
Published Jul 02, 2020 07:03pm
Afridi recovers from COVID-19
Sports

Afridi recovers from COVID-19

The 40-year-old had tested positive for the deadly bug on June 13 last month and was in self-isolation since then.

Published Jul 02, 2020 07:00pm
Yields rise on strong June jobs data
Markets

Yields rise on strong June jobs data

  • The benchmark 10-year yield was last up 1.9 basis points at 0.7006%.
  • I think the Fed will continue to kind of keep rates low. But the key is not the level of rates. In my mind, the key is the slope of the curve. As long as that curve slope is positive,
Published Jul 02, 2020 06:55pm
Copper rallies as supply risk grows in top miner Chile
Markets

Copper rallies as supply risk grows in top miner Chile

  • "Lockdowns are easing in many economies and that should drive up demand," said WisdomTree analyst Nitesh Shah.
  • BHP Group said it would ramp down activity at its Cerro Colorado copper mine in Chile. The mine produced 71,700 tonnes of copper in 2019.
Published Jul 02, 2020 06:37pm
Singapore's Temasek delays annual report due to pandemic
Business

Singapore's Temasek delays annual report due to pandemic

  • CEO Ho Ching announced the delay in a Facebook post, noting that Temasek's portfolio companies had businesses spread across many countries.
  • "To accommodate this delay of global consolidation for financial reporting, Temasek's own annual reporting will be delayed from July till September," Ho said.
Published Jul 02, 2020 06:24pm
Stocks skip higher ahead of US jobs data
Markets

Stocks skip higher ahead of US jobs data

  • MSCI world index rises for 4th day.
  • All major Asian, European indexes in the green.
  • Copper at 6-month highs on supply fears.
  • Most currencies gain ground against a weaker dollar.
Published Jul 02, 2020 06:22pm
Wimbledon says thanks to NHS with strawberries
Sports

Wimbledon says thanks to NHS with strawberries

  • Ordinarily the championships would have been in full flow this week, but the grasscourts remain vacant and the strawberry and cream stalls empty.
  • "Since the cancellation of the championships, we have been very focused on doing what we can to help those in our local community who are undergoing hardship as a result of the coronavirus crisis."
Published Jul 02, 2020 05:51pm
Palm up 1.5pc as crude oil extend gains
Markets

Palm up 1.5pc as crude oil extend gains

  • The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed 1.5% higher at 2,361 ringgit ($551.25).
  • Crude oil prices rose on Thursday as a sharp drop in oil stockpiles, making palm a more attractive option for biodiesel feedstock.
Published Jul 02, 2020 05:45pm
Indian shares climb 4-month peak on vaccine hopes, rupee surges
Markets

Indian shares climb 4-month peak on vaccine hopes, rupee surges

  • The NSE Nifty 50 index ended 1.17% higher at 10,551.7, while the benchmark S&P BSE Sensex was up 1.21% at 35,843.7
  • The number of COVID-19 cases in India crossed 600,000, with the death toll touching 17,834, days after the government allowed more economic activities to resume.
Published Jul 02, 2020 04:58pm
Angola resists OPEC pressure to comply fully with oil cuts
Markets

Angola resists OPEC pressure to comply fully with oil cuts

  • Saudi Arabia has been pressing laggards such as Iraq, Kazakhstan, Nigeria and Angola to improve compliance with the cuts and compensate.
  • It trimmed production to 1.24 million bpd in June, based on a Reuters survey, 60,000 bpd above its target.
Published Jul 02, 2020 04:43pm
American Airlines warns of 25pc drop in international capacity in 2021 summer
Business

American Airlines warns of 25pc drop in international capacity in 2021 summer

  • The company will also discontinue several international routes that were once popular leisure destinations but are now expected to see decreased demand.
  • In an effort to match low demand resulting from the coronavirus outbreak, the airline will realign its network with the goal of improving long-term profitability.
Published Jul 02, 2020 04:39pm
Dollar set for biggest weekly drop in a month before US data
Markets

Dollar set for biggest weekly drop in a month before US data

  • A renewed significant fall in the unemployment rate would make the market feel confident about a recovery.
  • The mood also lifted sterling above $1.25 for the first time in a week. It last sat at $1.2482, having bounced almost 2% from a one-month low hit on Monday.
Published Jul 02, 2020 04:34pm
Financial expert debunks Dar, Dagha allegations against SBP
Business

Financial expert debunks Dar, Dagha allegations against SBP

  • “Rs7 trillion bonds were sold a day before rate cuts.. on fixed rates! The way they are doing this debt profiling is the biggest scam in our country’s history,” alleged Dagha.

  • “This decision was based on the consideration that unrestrained borrowing from central bank is globally recognized as a bad practice which encourages fiscal indiscipline," says the expert.

Published Jul 02, 2020 04:25pm
Pakistan to locally manufacture stealth gun boats, tugs
Business

Pakistan to locally manufacture stealth gun boats, tugs

  • The gun boat possessing stealth features, armor protection, and capable of achieving high speed will be indigenously designed by Pakistan Navy, while its construction will be undertaken by Karachi Shipyard & Engineering Works (KS&EW).
Published Jul 02, 2020 01:44pm
Pakistan 'very concerned' over the rise in coronavirus cases: SBP Governor
Business

Pakistan 'very concerned' over the rise in coronavirus cases: SBP Governor

  • “We have to remind ourselves that this is a public health crisis, and only on a secondary basis then it becomes an economic crisis," said Baqir.

  • Reza informed that they have provided $7 billion in terms of liquidity support to households as well as businesses i.e. about 2.5 percent of Pakistan GDP.

Updated Jul 02, 2020 01:33pm
Oil prices slip on demand fears as U.S. virus cases surge
Markets

Oil prices slip on demand fears as U.S. virus cases surge

  • U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.3%, to $39.72 a barrel at 0148 GMT, trimming a 1.4% rise from Wednesday.

  • Brent crude futures eased 6 cents, or 0.1%, to $41.97 a barrel, after rising 1.8% in the previous session.

Published Jul 02, 2020 10:27am