News stories for BR Web Desk - Business Recorder

BR Web Desk

Markets

KSE-100 extends losses as interest rate hike concerns persist

The Pakistan Stock Exchange (PSX) witnessed another negative session on Tuesday, as its benchmark KSE-100 closed...

Updated 12 Sep, 2023 08:17pm

Pakistan

Nawaz Sharif to return to Pakistan on October 21: Shehbaz

Former premier says whole nation is awaiting Nawaz Sharif’s return

Updated 12 Sep, 2023 08:02pm

Markets

Gold rebounds after 7-session fall in Pakistan, gains Rs5,600 per tola

Price of 24-carat bar settles at Rs215,000 per tola

Published 12 Sep, 2023 06:19pm

Pakistan

Bilawal laments lack of 'level playing field' for political parties

PPP Chairman stresses that the ECP has the power to announce the election date

Updated 12 Sep, 2023 07:01pm

Markets

OGDCL initiates hydrocarbon production from Nashpa-11 well

Oil & Gas Development Company Limited (OGDCL), the country’s largest hydrocarbon exploration firm, has commenced...

Published 12 Sep, 2023 03:16pm

Markets

HUBCO’s earnings up 110% in FY23

Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its profit jump by...

Updated 12 Sep, 2023 06:41pm

Pakistan

Cipher case: IHC reserves verdict regarding Imran’s trial in Attock Jail

IHC Chief Justice Aamer Farooq presided over hearing

Updated 12 Sep, 2023 04:41pm

Markets

UBL says will establish wholly-owned Exchange Company

The Board of Directors (BoD) of United Bank Limited (UBL), one of the largest commercial banks in the country, has...

Updated 12 Sep, 2023 03:29pm

Pakistan

US does not support any one political party in Pakistan: State Dept

State Department Spokesperson Matthew Miller responds to recent meeting between US Ambassador Donald Blome’s and Chief Election Commissioner (CEC) Sikander Sultan Raja

Updated 12 Sep, 2023 03:10pm

Markets

Open-market: rupee closes at 297-300 against USD

The Pakistani rupee closed unchanged against the US dollar in the open market after appreciating earlier in the day...

Updated 12 Sep, 2023 09:01pm

BR’s refresher: your morning briefing for the day

Important updates from September 11, 2023

Published 12 Sep, 2023 08:47am

Business & Finance

Pakistan’s car sales jump 49% MoM in August

Car sales in Pakistan witnessed an increase of 49% on a month-on-month (MoM) basis in August 2023, clocking in at...

Published 11 Sep, 2023 08:37pm

Markets

KSE-100 loses over 147 points amid rate hike concerns

The Pakistan Stock Exchange (PSX) witnessed a negative session on Monday, as its benchmark KSE-100 Index closed in...

Published 11 Sep, 2023 06:41pm

Pakistan

President Alvi, interim law minister meet again to discuss elections

The meeting is part of ongoing discussions about the electoral process, according to the President House

Published 11 Sep, 2023 06:41pm

Business & Finance

Kohinoor Textile Mills posts 72% increase in profit

Kohinoor Textile Mills Limited (KTML) registered a profit after tax (PAT) of Rs9.19 billion for the fiscal year...

Published 11 Sep, 2023 06:23pm

Markets

Gold rates in Pakistan decline another Rs2,600 per tola

Price of 24-carat bar settles at Rs209,400 per tola

Updated 11 Sep, 2023 09:19pm

Pakistan

Pakistan’s remittances clock in at $2.1bn in August, 24% lower YoY

However, inflow 3.1% higher on monthly basis

Updated 11 Sep, 2023 07:55pm

Business & Finance

AsiaPak Investments acquires Pakistan’s Bol Network, amount not disclosed

AsiaPak Investments, a private investment firm with operational assets in Pakistan and Hong Kong, has acquired Bol...

Published 11 Sep, 2023 03:28pm

Pakistan

FO wants interim Afghan govt to be ‘mindful’ of Pakistan’s concerns regarding territorial integrity

Pakistan’s Foreign Office (FO) said it wants its border with Afghanistan to be a one of “peace and amity between the...

Updated 11 Sep, 2023 05:48pm

Sports

Asia Cup 2023: Pakistan thrashed in Colombo as India prevail by 228 runs

Chasing 357, Pakistan bundled out for paltry 128 as directionless batters succumb to Indian bowling

Updated 11 Sep, 2023 11:04pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Sep 26 Chakwal Spinning Mills Limited(CWSM)	1.54 ▲ 0.15 (10.79%)
Bilal Fibres / Sep 26 Bilal Fibres Limited(BILF)	2.20 ▲ 0.19 (9.45%)
PICIC Ins.Ltd. / Sep 26 PICIC Insurance Limited(PIL)	0.80 ▲ 0.06 (8.11%)
Agriautos Ind. / Sep 26 Agriauto Industries Limited(AGIL)	69.91 ▲ 4.88 (7.50%)
Bal. Wheel / Sep 26 Baluchistan Wheels Limited(BWHL)	149.06 ▲ 10.40 (7.50%)
Pak Hotels / Sep 26 Pakistan Hotels Developers Limited(PHDL)	236.54 ▲ 16.50 (7.50%)
Pak Paper Prod / Sep 26 Pakistan Paper Products Limited(PPP)	54.34 ▲ 3.79 (7.50%)
Artistic Denim / Sep 26 Artistic Denim Mills Limited(ADMM)	58.40 ▲ 3.90 (7.16%)
Abbott Lab. / Sep 26 Abbott Laboratories (Pakistan) Limited(ABOT)	370 ▲ 19.95 (5.70%)
Lalpir Power / Sep 26 Lalpir Power Limited(LPL)	16.05 ▲ 0.70 (4.56%)

Stock	Price
Pak Synthetics / Sep 26 Pakistan Synthetics Limited(PSYL)	24.70 ▼ -2.00 (-7.49%)
Bannu Woollen / Sep 26 Bannu Woollen Mills Limited(BNWM)	19.40 ▼ -1.00 (-4.90%)
Murree Brewery / Sep 26 Murree Brewery Company Limited(MUREB)	235 ▼ -11.93 (-4.83%)
Jauharabad Sug / Sep 26 Jauharabad Sugar Mills Limited(JSML)	15.65 ▼ -0.58 (-3.57%)
First Prudential Mod. / Sep 26 First Prudential Modaraba(PMI)	1.52 ▼ -0.04 (-2.56%)
Aisha Steel Mill / Sep 26 Aisha Steel Mills Limited(ASL)	5.20 ▼ -0.12 (-2.26%)
Agha Steel Ind. / Sep 26 Agha Steel Ind.Ltd(AGHA)	10.25 ▼ -0.20 (-1.91%)
Flying Cement / Sep 26 Flying Cement Company Limited(FLYNG)	5.60 ▼ -0.10 (-1.75%)
Ittefaq Iron Ind / Sep 26 Ittefaq Iron Industries Limited(ITTEFAQ)	5.61 ▼ -0.10 (-1.75%)
Millat Tractors / Sep 26 Millat Tractors Limited(MTL)	418 ▼ -6.36 (-1.50%)

Stock	Volume
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	29,654,500 ▲ 0.12
Pak Elektron / Sep 26 Pak Elektron Limited(PAEL)	20,636,559 ▼ -0.10
WorldCall Telecom / Sep 26 Worldcall Telecom Limited(WTL)	8,986,644 ▲ 0.01
Unity Foods Ltd / Sep 26 Unity Foods Limited(UNITY)	5,817,127 ▲ 0.23
Nishat ChunPow / Sep 26 Nishat Chunian Power Limited(NCPL)	5,515,000 ▼ -0.20
Kohinoor Spining / Sep 26 Kohinoor Spinning Mills Limited(KOSM)	5,323,500 ▲ 0.04
Waves Corporation / Sep 26 Waves Corporation Limited(WAVES)	4,921,500 ▼ -0.07
Thatta Cement / Sep 26 Thatta Cement Company Limited(THCCL)	4,528,000 ▲ 0.33
K-Electric Ltd. / Sep 26 K-Electric Limited(KEL)	3,764,596 ▲ 0.01
Hum Network / Sep 26 Hum Network Limited(HUMNL)	3,763,000 ▼ -0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 25	291.05
USD PKR Interbank Buying / Sep 25	290.85
USD to Japanese Yen / Sep 25	148.90
USD to Swiss Franc / Sep 25	0.91
Pound Sterling to USD / Sep 25	1.22
Euro to USD / Sep 25	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 25	4337.44
India Sensex / Sep 25	66023.69
Tokyo Nikkei / Sep 25	32423.77
Nasdaq / Sep 25	13271.32
Hang Seng / Sep 25	17655.71
FTSE 100 / Sep 25	7623.99
Dow Jones / Sep 25	34006.88
Germany DAX 30 / Sep 25	15405.49
France CAC40 / Sep 25	7123.88

Item	Value
Crude Oil USD/Barrel / Sep 25	89.64
Karachi Cotton PKR/37.32 KG / Sep 25	18435
Gold 10 Grams PKR / Sep 25	184159.50
Gold Spot USD/Ounce / Sep 25	1914.53
Cotton US¢/pound / Sep 25	87.61