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Industry

Startup Investment Rise to $77M in Pakistan

Startup investments in Pakistan increased by 97 percent in 2020 as compared to 2019, according to data from MAGNiTT's 'State of Startup Funding - 2021 Emerging Venture Markets' Report.
The number of startup deals in Pakistan also went up by 45% this year as opposed to the general downward trend in the MENA region.

Published 21 Jan, 2021 07:27pm

Industry

India's TCS reports higher profit as remote work drives cloud demand

The results kick off India's corporate earnings season for the December-quarter, a seasonally weak period for the software industry.
Growing demand for core transformation services ... have driven a powerful momentum that helped us overcome seasonal headwinds.

Published 08 Jan, 2021 06:28pm

Industry

Italy court dismisses Iliad's request to scrap Fastweb-Wind Tre 5G deal

Iliad, Italy's fourth-largest mobile phone player, filed a complaint a year ago, saying the deal - which received the green light by both the industry minister.
The court argued Iliad did not have the right to ask the annulment of a commercial agreement between two private companies.

Published 08 Jan, 2021 06:20pm

Industry

M&S clothing sales cut by British lockdown measures

Clothing and home sales down 25.1% in its third quarter.
Food sales in the quarter rise 2.2%.
M&S says near term trading "very challenging".
Says progress with turnaround masked by COVID-19 effects.
Shares down 2.3%, down 29% on year.

Published 08 Jan, 2021 04:47pm

Industry

Chile says consumer prices rose 0.3pc in December

Inflation registered an increase in the 12 months to December of 3.0%, the National Statistics Institute (INE) said.
In its December Monetary Policy Report (IPoM), the agency estimated that inflation would reach 2.8% in 2020.

Published 08 Jan, 2021 04:40pm

Industry

PIA suspends flights to/from KSA for one week

KARACHI: Pakistan International Airlines (PIA) has temporarily suspended its flights to/from Saudi Arabia for a week...

Updated 22 Dec, 2020 04:03am

Industry

Careem reduces its commission in support of restaurants

KARACHI: Careem, the super app of the Middle East and Pakistan, has announced to slash its restaurant commission...

Published 13 Dec, 2020 02:44am

Industry

Boeing 787 delivery dry spell adds to 737 MAX woes

Jet deliveries are being closely scrutinized by investors as they generate much-needed cash during the coronavirus crisis.
Boeing's closely watched monthly orders and deliveries snapshot comes five days after Ireland's Ryanair booked a December order for 75 737 MAX jets.

Published 09 Dec, 2020 02:06am

Industry

Airbus delivered 64 jets in November, down 34pc so far this year

Deliveries included seven wide-body A350 jets and 56 single-aisle jets including 54 of the main A320neo narrow-body family.
Deliveries are being closely scrutinized by investors as they generate much-needed cash during the coronavirus crisis.

Published 08 Dec, 2020 12:50am

Industry

Int'l virtual textile exhibition in Feb '21

KARACHI: Trade Development Authority of Pakistan (TDAP) is going to arrange first international virtual textile...

Published 02 Dec, 2020 02:49am

Industry

Pakistan’s Exports Rise by 7.2 pc amidst Pandemic: Razak Dawood

Pakistan's exports increase by 7.2 percent during the month of November 2020 as compared to the same period last year, according to Razak Dawood.

Published 01 Dec, 2020 11:05pm

Industry

60pc of Balochistan is without Internet Coverage.

A province-wise breakdown of the Economist Intelligence Unit's Internet Inclusiveness Index indicates that 60 percent of Balochistan is not covered by the internet.

Updated 01 Dec, 2020 03:28pm

Industry

Airline industry to suffer $314bn losses amid COVID-19

With about 70 percent of global capacity idled, the airline industry stands to lose $314 billion in ticket sales th

Updated 21 May, 2020 11:40pm

Industry

‘Tis the season…

And it really is. Cement sales—despite all the negative reporting about economic fatigue, manufacturing recession, deman

Published 04 Dec, 2019 07:21am

Industry

Cement: To the north!

Total sales in the Jul-Oct period for the cement industry as a whole has grown by 4 percent compared to the period last

Updated 11 Nov, 2019 11:40am

Industry

Cement finding confidence

Though cement demand is not catapulating, there are clear signs that market is becoming slightly more confident, and the

Updated 06 Nov, 2019 06:04am

Industry

Cement: Survival or revival—II?

Wake me up when September ends; so the song goes. And it seems construction demand may have just woken up after a prolon

Updated 23 Oct, 2019 01:01pm

Industry

ISL: screaming all signs of manufacturing recession

The economic planners of the country must cherish Pakistan’s moth-eaten manufacturing base in secret. At least that’s th

Updated 18 Oct, 2019 08:18am

Industry

Attock: humble beginnings

Despite closing FY19 a touch better than many of its peers in the cement industry, it was long decided that Attock Cemen

Updated 16 Oct, 2019 06:48am

Industry

Exports: barely rescuing cement

Cement companies don’t have a choice but to lend focus to exports, but it seems, even there they have few offerings

Updated 23 Oct, 2019 01:54pm

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	278.60
USD PKR Interbank Buying / Jun 8	278.40
USD to Japanese Yen / Jun 9	160.20
USD to Swiss Franc / Jun 9	0.80
Pound Sterling to USD / Jun 9	1.34
Euro to USD / Jun 9	1.15
SOFR % / Jun 8	3.62

Stock	Volume
S&P 500 / Jun 8	7,405.73
Nasdaq / Jun 8	25,929.66
Dow Jones / Jun 8	50,786.01
India Sensex / Jun 9	73,776.79
Tokyo Nikkei / Jun 9	65,416.63
Hang Seng / Jun 9	24,565.90
FTSE 100 / Jun 9	10,338.50
Germany DAX 30 / Jun 9	24,715.57
France CAC40 / Jun 9	8,262.73

Item	Value
Gold 10 Grams PKR / Jun 8	386,987
Petrol/Litre / Jun 9	377.78
Crude Oil USD/Barrel / Jun 9	89.19
Gold Spot USD/Ounce / Jun 9	4,335.23
Diesel/Litre / Jun 9	380.78
Cotton US¢/pound / Jun 9	77.45

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / Jun 9 First Al-Noor Modaraba(FANM)	7.39 ▲ 0.86 (13.17%)
First Fid. Leasing / Jun 9 First Fidelity Leasing Modaraba(FFLM)	9.67 ▲ 1 (11.53%)
Chenab Ltd / Jun 9 Chenab Limited(CHBL)	10.25 ▲ 1 (10.81%)
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	9.06 ▲ 0.83 (10.09%)
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	11.31 ▲ 1.03 (10.02%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	25.69 ▲ 2.34 (10.02%)
Redco Textile / Jun 9 Redco Textiles Limited(REDCO)	28.68 ▲ 2.61 (10.01%)
Burshane LPG / Jun 9 Burshane LPG (Pakistan) Limited(BPL)	56.86 ▲ 5.17 (10%)
Cherat Packaging / Jun 9 Cherat Packaging Limited(CPPL)	83.72 ▲ 7.61 (10%)
Leather Up Ltd. / Jun 9 Leather Up Limited(LEUL)	38.73 ▲ 3.52 (10%)

Stock	Price
Pak Qatar Family / Jun 9 Pak Qatar Family Takaful Limited(PAKQATAR)	25.72 ▼ -2.86 (-10.01%)
Zuma Resources / Jun 9 Zuma Resources Limited(ZUMA)	79.08 ▼ -8.79 (-10%)
Ideal Spinning / Jun 9 Ideal Spinning Mills Limited(IDSM)	69.56 ▼ -7.71 (-9.98%)
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	11.32 ▼ -0.99 (-8.04%)
Ruby Textile / Jun 9 Ruby Textile Mills Limited(RUBY)	17.06 ▼ -1.43 (-7.73%)
Javedan Corp.(Pref) / Jun 9 Javedan Corp.(Pref)(JVDCPS)	63.15 ▼ -5.25 (-7.68%)
Shakarganj / Jun 9 Shakarganj Limited(SML)	122.02 ▼ -7.83 (-6.03%)
Cresent Jute / Jun 9 Crescent Jute Products Limited(CJPL)	13.86 ▼ -0.85 (-5.78%)
Pak Qatar Gen.Takaful / Jun 9 Pak Qatar General Takaful Limited(PQGTL)	17.34 ▼ -1.03 (-5.61%)
Shahtaj Sugar / Jun 9 Shahtaj Sugar Mills Limited(SHJS)	161.83 ▼ -9.17 (-5.36%)

Stock	Volume
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	56,532,004 ▲ 1.03
TPL Corp Ltd / Jun 9 TPL Corp Limited(TPL)	50,805,586 ▲ 1.3
Pace (Pak) Ltd. / Jun 9 Pace (Pakistan) Limited(PACE)	46,226,087 ▲ 0.49
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	25,502,243 ▲ 0.01
Waves Home Appliances / Jun 9 Waves Home Appliances Limited(WAVESAPP)	23,147,389 ▲ 0.42
TRG Pak Ltd / Jun 9 TRG Pakistan Limited(TRG)	19,523,819 ▲ 2.13
First Dawood Prop. / Jun 9 First Dawood Properties Limited(FDPL)	16,241,622 ▲ 0.31
TPL REIT Fund I / Jun 9 TPL REIT Fund I(TPLRF1)	16,207,570 ▲ 0.83
D.S. Ind. Ltd. / Jun 9 D.S. Industries Limited(DSIL)	16,047,600 ▼ -0.99
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	15,523,458 ▲ 0.17

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