Home - Business Recorder

Updated 28 Nov, 2023 01:19pm

Security concerns: Saudi firm says unable to sign pacts on solar projects

Absence of some key enabling factors include lack of base tariff, legal framework for G-to-G collaboration, land, ability to pay for power and the issue of connectivity with grid

Markets

Inter-bank: rupee registers marginal improvement against US dollar

Updated 28 Nov, 2023 11:10am

Markets

New record at PSX: KSE-100 in unchartered territory, crosses 60,000

Updated 28 Nov, 2023 02:06pm

Markets

Open-market: rupee remains stable against the US dollar

Published 28 Nov, 2023 11:57am

Pakistan

Cipher case: trial to continue in Adiala Jail in open court, rules judge

Updated 28 Nov, 2023 01:04pm

Pakistan

ADB approves $180mn to improve Punjab’s water supply & waste management

Published 28 Nov, 2023 12:46pm

Govt explains magnitude of SOE burden

Updated 28 Nov, 2023 10:01am

MoUs worth multi-billion dollars signed with UAE

Updated 28 Nov, 2023 09:09am

FBR informs IMF of its plan to register 1m non-filers

Updated 28 Nov, 2023 09:09am

Exemption from IP gas line sanctions: Govt using diplomatic channels to engage with US

Updated 28 Nov, 2023 09:48am

PD team testifies before Senate panel: World Bank begins probe into $300m project on Turkish co’s complaint

Updated 28 Nov, 2023 09:47am

Must Read

Editorials

The external resource shortfall

Opinion

Unusual balance of payments

Opinion

Fallout of the Gaza war

BR Research

LNG: Inefficient pricing continues

Opinion

IGCEP and Nepra mismatch in cost calculations

Editorials

Circular debt devil could devour economy

Opinion

Pakistani rupee: a wayward currency

Opinion

Economy on its knees

BR Research

FDI and SIFC

Opinion

Wheeling charges: do or die

Editorials

‘Silent human capital crisis’

Calculate your monthly liability in FY24

Govt explains magnitude of SOE burden

Security concerns: Saudi firm says unable to sign pacts on solar projects

NJLI Sarmaya Growth Fund Rates

Economy on its knees

MoUs worth multi-billion dollars signed with UAE

FBR informs IMF of its plan to register 1m non-filers

Kohinoor Spinning, Abu Dhabi-based group enter MoU for mineral-based business in Pakistan

Rising electricity costs: Ghani Chemical to set up coal power plant at Port Qasim

Exemption from IP gas line sanctions: Govt using diplomatic channels to engage with US

TAPI project gets special concessions

Economy on its knees

NJLI Sarmaya Growth Fund Rates

Open-market: rupee weakens further against US dollar

Pakistani rupee: a wayward currency

Inter-bank: rupee declines for third successive session against US dollar

Kohinoor Spinning, Abu Dhabi-based group enter MoU for mineral-based business in Pakistan

Circular debt devil could devour economy

KSE-100 gains 1.23%, closes near 60,000 level as buying spree continues

NJLI Sarmaya Growth Fund Rates

PPL commences oil & gas production from Punjab

Inter-bank: rupee endures back-to-back losses against US dollar

Kenyan shilling slips against dollar on fuel importer demand

Inflation will go down gradually, says Shamshad

Open-market: rupee slips slightly against US dollar

Ex-army officers sentenced for charges of inciting sedition

Bahria Town case: NBP directed to remit remittance amount to SC account

At least 10 die as fire erupts at Karachi's shopping mall

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.35 ▲ 0.39 (19.90%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.74 ▲ 0.74 (12.33%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Chakwal Spinning / Nov 28 Chakwal Spinning Mills Limited(CWSM)	2.22 ▲ 0.19 (9.36%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.45 ▲ 0.93 (8.07%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Safe Mix Con.Lt / Nov 28 Safe Mix Concrete Limited(SMCPL)	13.70 ▲ 1.00 (7.87%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)
Prosperity Weav / Nov 28 Prosperity Weaving Mills Limited(PRWM)	30.64 ▲ 2.14 (7.51%)

Stock	Price
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Leather Up Ltd. / Nov 28 Leather Up Limited(LEUL)	11.01 ▼ -0.76 (-6.46%)
Ask.Gen.Insur. / Nov 28 Askari General Insurance Company Limited(AGIC)	17.71 ▼ -1.18 (-6.25%)
J.A.Textile / Nov 28 J.A. Textile Mills Limited(JATM)	51 ▼ -3.10 (-5.73%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)
HBL Growth Fund / Nov 28 HBL Growth Fund(HGFA)	8.33 ▼ -0.46 (-5.23%)
Indus Dyeing / Nov 28 Indus Dyeing & Manufacturing Co. Limited(IDYM)	158 ▼ -8.65 (-5.19%)
Adamjee Life Assur. / Nov 28 Adamjee Life Assurance Company Limited(ALIFE)	27 ▼ -1.33 (-4.69%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.19
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	43,313,979 ▲ 0.06
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.11
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	21,103,703 ▼ -0.07
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▼ -0.02
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 1.87
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.78
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▲ 0.11
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.03
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	13,103,901 ▲ 0.04

Markets →

Govt explains magnitude of SOE burden

Security concerns: Saudi firm says unable to sign pacts on solar projects

NJLI Sarmaya Growth Fund Rates

Economy on its knees

MoUs worth multi-billion dollars signed with UAE

FBR informs IMF of its plan to register 1m non-filers

Kohinoor Spinning, Abu Dhabi-based group enter MoU for mineral-based business in Pakistan

Rising electricity costs: Ghani Chemical to set up coal power plant at Port Qasim

Exemption from IP gas line sanctions: Govt using diplomatic channels to engage with US

TAPI project gets special concessions

Economy on its knees

NJLI Sarmaya Growth Fund Rates

Open-market: rupee weakens further against US dollar

Pakistani rupee: a wayward currency

Inter-bank: rupee declines for third successive session against US dollar

Kohinoor Spinning, Abu Dhabi-based group enter MoU for mineral-based business in Pakistan

Circular debt devil could devour economy

KSE-100 gains 1.23%, closes near 60,000 level as buying spree continues

NJLI Sarmaya Growth Fund Rates

PPL commences oil & gas production from Punjab

Inter-bank: rupee endures back-to-back losses against US dollar

Kenyan shilling slips against dollar on fuel importer demand

Inflation will go down gradually, says Shamshad

Open-market: rupee slips slightly against US dollar

Ex-army officers sentenced for charges of inciting sedition

Bahria Town case: NBP directed to remit remittance amount to SC account

At least 10 die as fire erupts at Karachi's shopping mall

Business & Finance

Business & Economy

ADB approves $180mn to improve Punjab’s water supply & waste management

'Developing Resilient Environments and Advancing Municipal Services in Punjab Project' expected to benefit as many as 1.5 million people

Published 28 Nov, 2023 12:46pm

BR Research

On Nepra’s hearings

There are two important NEPRA hearings taking place today which are interlinked and can provide more clarity and...

Published 28 Nov, 2023 10:57am

Currency

Open-market: rupee remains stable against the US dollar

The Pakistani rupee remained unchanged against the US dollar in the open market on Tuesday, while the local currency... Published 28 Nov, 2023 11:57am

Stocks

New record at PSX: KSE-100 in unchartered territory, crosses 60,000

Gains over 900 points during trading as buying spree shows no signs of slowing

Updated 28 Nov, 2023 02:06pm

BR Research

LNG: Inefficient pricing continues

Having gone up 25 percent in October alone – LNG prices stabilized for much of November – as earlier supply-side...

Published 28 Nov, 2023 08:35am

Currency

Inter-bank: rupee registers marginal improvement against US dollar

Currency hovers at 285-286 level in inter-bank market

Updated 28 Nov, 2023 11:10am

2023-11-28-03-07

TCP tenders to buy 110,000 metric tons of wheat

HAMBURG: A government agency has issued an international tender to purchase and import 110,000 metric tons of wheat,... Updated 28 Nov, 2023 09:48am

2023-11-28-03-07

There’s no wheat shortage, Senate told

ISLAMABAD: The caretaker government has claimed that 7.2 million metric tonnes of wheat stocks are currently... Published 28 Nov, 2023 04:56am

2023-11-28-02-01

Import of vegetable oil & its products: Massive under-invoicing detected

KARACHI: The Directorate of Customs Intelligence Karachi has detected a massive under-invoicing in the import of... Published 28 Nov, 2023 04:56am

2023-11-28-02-01

Pharma sector has potential to fetch foreign exchange for country thru exports: PPMA

LAHORE: The Pakistan pharmaceutical industry has the potential to fetch precious foreign exchange through exports of... Published 28 Nov, 2023 04:56am