News stories for Reuters - Business Recorder

AVN 63.71 ▲ 0.02 (0.03%)

BOP 8.77 ▼ -0.01 (-0.11%)

CHCC 134.55 ▲ 0.05 (0.04%)

DCL 10.01 ▼ -0.04 (-0.4%)

DGKC 108.01 ▲ 0.01 (0.01%)

EFERT 64.27 ▼ -0.18 (-0.28%)

EPCL 41.21 ▼ -0.09 (-0.22%)

FCCL 21.00 ▼ 0.00 (0%)

FFL 15.10 ▲ 0.05 (0.33%)

HASCOL 15.05 ▼ -0.03 (-0.2%)

HBL 130.50 ▼ -0.60 (-0.46%)

HUBC 81.75 ▲ 0.13 (0.16%)

HUMNL 7.35 ▼ -0.05 (-0.68%)

JSCL 24.29 ▼ 0.00 (0%)

KAPCO 28.49 ▲ 0.14 (0.49%)

KEL 3.70 ▼ -0.01 (-0.27%)

LOTCHEM 11.72 ▼ -0.03 (-0.26%)

MLCF 41.98 ▲ 0.13 (0.31%)

OGDC 93.20 ▼ -0.13 (-0.14%)

PAEL 32.90 ▼ -0.02 (-0.06%)

PIBTL 12.76 ▼ -0.10 (-0.78%)

PIOC 95.00 ▼ 0.00 (0%)

POWER 9.75 ▼ -0.02 (-0.2%)

PPL 83.50 ▼ -0.10 (-0.12%)

PSO 200.02 ▲ 0.02 (0.01%)

SNGP 56.52 ▼ -0.08 (-0.14%)

STPL 13.15 ▼ 0.00 (0%)

TRG 46.90 ▲ 0.30 (0.64%)

UNITY 23.05 ▲ 0.05 (0.22%)

WTL 1.04 ▼ -0.01 (-0.95%)

BR100 4,133 ▼ -155.2 (-3.62%)

BR30 21,019 ▼ -858.48 (-3.92%)

KSE100 39,888 ▼ -1298.86 (-3.15%)

KSE30 16,750 ▼ -546.72 (-3.16%)

COVID-19 TOTAL ▲ DAILY

Oct 31, 2020 PRINT EDITION ► BR MARKETS ►

Reuters

IBM posts double-digit cloud revenue growth; says customers deferring some projects

Business

IBM posts double-digit cloud revenue growth; says customers deferring some projects

IBM shares, however, fell 3% after the company stayed away from issuing a forecast for the current quarter, citing uncertainty around a global economic recovery due to the COVID-19 pandemic.

Published 20 Oct, 2020 12:31pm

Didi considers 2021 Hong Kong IPO, targets valuation of more than $60 billion

Business

Didi considers 2021 Hong Kong IPO, targets valuation of more than $60 billion

Didi, backed by technology investment giants SoftBank, Alibaba and Tencent, has started initial talks with investment banks for the long-awaited IPO, according to three people.

Published 20 Oct, 2020 10:35am

Stock market boom, new listings mint China billionaires at record pace

Business

Stock market boom, new listings mint China billionaires at record pace

The Hurun China Rich List 2020 also highlights China’s accelerated shift away from traditional sectors like manufacturing and real estate, towards e-commerce, fintech and other new economy industries.

Published 20 Oct, 2020 10:29am

Asian stocks dip as U.S. political concerns grow

Business

Asian stocks dip as U.S. political concerns grow

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.11% lower after U.S. stocks ended the previous session in the red.

Published 20 Oct, 2020 10:25am

COVID-19 may inflict a decade of economic pain to Mideast, Central Asia: IMF

Business

COVID-19 may inflict a decade of economic pain to Mideast, Central Asia: IMF

On average, remittances to Middle East, North Africa, Afghanistan, and Pakistan oil importers would take more than four years (twice as long as the recovery following both the global financial crisis and the 2014–15 oil shock) to recover to pre-crisis levels,” IMF said.

Published 20 Oct, 2020 10:23am

Oil prices drop for 4th day as COVID-19 second wave worries intensify

Business

Oil prices drop for 4th day as COVID-19 second wave worries intensify

Brent crude futures fell 32 cents, or 0.8%, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday.

Published 20 Oct, 2020 10:21am

Business Recorder

Markets

Monday's early afternoon trade: Wall Street slips as losses in Facebook, Amazon weigh

NEW YORK: Wall Street's main indexes slipped on Monday as losses in tech-related heavyweights Facebook and Amazon...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

Australian shares up, NZ slips

SYDNEY/WELLINGTON: Australian shares ended at their highest in more than seven months on Monday after the state of...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

London stocks track Asia gains

LONDON: London stocks tracked gains in Asian markets on Monday as investors hoped for a Covid-19 vaccine before the...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

China stocks lower

SHANGHAI: China stocks reversed earlier gains to close lower on Monday, weighed down by industrial and healthcare...

Published 20 Oct, 2020 02:42am

Business Recorder

World

US charges six Russian over cyberattacks

WASHINGTON: Six members of Russian military intelligence agency the GRU have been charged in the United States with...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

Gold prices move up in Asia

SINGAPORE: Gold prices rose in Asian trade on Monday underpinned by concerns of a worsening Covid-19 pandemic, while...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

European wheat hits new contract highs

PARIS: European wheat hit new contract highs for the fourth consecutive session on Friday, bringing the gains over...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

Oil dips after OPEC+ meeting as Libyan supply boost weighs

NEW YORK: Oil edged lower on Monday, weighed by concerns over surging coronavirus cases globally and by Libya's plan...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

Gold surges in Europe

LONDON: Gold rose about 1% on Monday as the dollar retreated and expectations for a US stimulus deal ahead of the...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

US natural gas little changed on cooler weather

NEW YORK: US natural gas futures were little changed on Friday as forecasts for cooler weather and higher heating...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

Cotton futures jump

NEW YORK: ICE cotton futures jumped as much as 1.9% to the highest in nearly nine months on Monday, as rains stoked...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

US MIDDAY: Wheat remains at record high

CHICAGO: Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

New York cotton

NEW YORK: The following were the fluctuations observed during the day:...

Published 20 Oct, 2020 02:42am

Business Recorder

Markets

US MIDDAY: Gold rises

NEW YORK: Gold rose about 1% on Monday as the dollar retreated and expectations for a US stimulus deal ahead of the...

Published 20 Oct, 2020 02:42am

Gainers
Losers
Leaders

Stock	Price
Saritow Sp. / Oct 31 Saritow Spinning Mills Limited(SSML)	4.6000 ▲ 0.89 (23.99%)
Drekkar Kingsway / Oct 31 Drekkar Kingsway Limited(DKL)	6.7000 ▲ 0.70 (11.67%)
Hira Tex. / Oct 31 Hira Textile Mills Limited(HIRAT)	3.0500 ▲ 0.30 (9.12%)
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	16.1400 ▲ 1.44 (8.84%)
Summit Bank / Oct 31 Summit Bank Limited(SMBL)	1.9000 ▲ 0.15 (8.57%)
Olympia Mills / Oct 31 Olympia Mills Limited(OML)	11.9000 ▲ 0.90 (8.18%)
Kohinoor Ind. / Oct 31 Kohinoor Industries Limited(KOIL)	8.0000 ▲ 0.50 (6.67%)
Dewan Farooq. Spin. / Oct 31 Dewan Farooque Spinning Mills Limited(DFSM)	2.0000 ▲ 0.11 (5.82%)
D.S. Ind. Ltd. / Oct 31 D.S. Industries Limited(DSIL)	2.2900 ▲ 0.09 (4.09%)
Gharibwal Cem. / Oct 31 Gharibwal Cement Limited(GWLC)	31.2000 ▲ 1.18 (3.63%)

Stock	Price
Crescent Star / Oct 31 Crescent Star Insurance Limited(CSIL)	2.7000 ▼ 0.05 (-1.85%)
Pak Rein. / Oct 31 Pakistan Reinsurance Company Limited(PAKRI)	26.2500 ▼ 0.25 (-0.95%)
Ghani Val. Glass / Oct 31 Ghani Value Glass Limited(GVGL)	42.2500 ▼ 1.25 (-0.73%)
Hum Network / Oct 31 Hum Network Limited(HUMNL)	7.4000 ▼ 0.09 (-0.68%)
Descon Oxy. / Oct 31 Descon Oxychem Limited(DOL)	32.0833 ▼ 0.28 (-0.57%)
Flying Cement Ltd / Oct 31 Flying Cement Company Limited(FLYNG)	10.2400 ▼ 0.09 (-0.49%)
Cherat Packaging / Oct 31 Cherat Packaging Limited(CPPL)	204.7500 ▼ 1.75 (-0.49%)
Azgard Nine / Oct 31 Azgard Nine Limited(ANL)	21.0525 ▼ 0.15 (-0.48%)
Habib Bank Ltd. / Oct 31 Habib Bank Limited.(HBL)	131.2000 ▼ 0.95 (-0.40%)
Pak Oxygen / Oct 31 Pakistan Oxygen Limited(PAKOXY)	151.0000 ▼ 0.45 (-0.28%)

Stock	Volume
Unity Foods / Oct 31 Unity Foods Limited(UNITY)	36,191,000 ▼ 0.39
Pak Int.Bulk Ter / Oct 31 Pakistan International Bulk Terminal Limited(PIBTL)	19,376,500 ▼ 0.14
Hascol Petroleum / Oct 31 Hascol Petroleum Limited(HASCOL)	14,087,709 ▼ 0.10
Maple Leaf / Oct 31 Maple Leaf Cement Factory Limited(MLCF)	13,342,354 ▼ 0.58
Shabbir Tiles / Oct 31 Shabbir Tiles & Ceramics Limited(STCL)	12,759,500 ▼ 1.44
Power Cement / Oct 31 Power Cement Limited(POWER)	10,601,000 ▼ 0.08
Pakistan Refinery / Oct 31 Pakistan Refinery Limited(PRL)	8,876,500 ▼ 0.09
TRG Pak. / Oct 31 TRG Pakistan Limited(TRG)	8,275,000 ▼ 0.56
Fauji Cem. / Oct 31 Fauji Cement Company Limited(FCCL)	6,258,500 ▼ 0.20
Kot Addu / Oct 31 Kot Addu Power Company Limited(KAPCO)	5,871,000 ▼ 0.33

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 30	160.25
USD PKR Interbank Buying / Oct 30	160.20
USD to Japanese Yen / Oct 30	104.63
USD to Swiss Franc / Oct 30	0.92
Pound Sterling to USD / Oct 30	1.29
Euro to USD / Oct 30	1.17

Stock	Volume
S&P 500 / Oct 30	3310.11
India Sensex / Oct 30	39749.85
Tokyo Nikkei / Oct 30	23331.94
Nasdaq / Oct 30	11185.59
Hang Seng / Oct 30	24586.60
FTSE 100 / Oct 30	5581.75
Dow Jones / Oct 30	26659.11
Germany DAX 30 / Oct 30	11598.07
France CAC40 / Oct 30	4569.67

Indicator	Value
Weekly Foreign Reserves / Oct 29	19301.60
GDPGROWTH / Oct 29	5.40
Foreign Debt (PKR billions) / Oct 29	15087.50
Per Capita Income USD (CPI) / Oct 29	1516.00
Average CPI % / Oct 29	11.11
UK LIBOR % / Oct 30	0.08

Most Popular Articles

Enforcement Action: SBP imposes over Rs 271 million penalties on four banks

Enforcement Action: SBP imposes over Rs 271 million penalties on four banks

The Blood Bath

The Blood Bath

Saudi Arabia plans to end the decade old ‘kafala’ system

Saudi Arabia plans to end the decade old ‘kafala’ system

Jazz condemns sealing of its office, says FBR move hurt its ‘Reputation & Pride’

Jazz condemns sealing of its office, says FBR move hurt its ‘Reputation & Pride’

PSX takes a beat down, KSE-100 drops over 1,200 points

PSX takes a beat down, KSE-100 drops over 1,200 points

MCB Profits rise by an impressive 75pc

MCB Profits rise by an impressive 75pc