News Archives for Business & Finance - 2021-11-27 - Business Recorder

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Business & Finance - 2021-11-27

Gold price declines by Rs2,400 in local market

Commodities

Gold price declines by Rs2,400 in local market

ISLAMABAD: The price of 24-karat per tola gold decreased by Rs2,400 and was traded at Rs122,800 in the local market...

Published 27 Nov, 2021 06:51pm

PIA announces flight schedule for Saudi Arabia amid ease in restrictions

MENA

PIA announces flight schedule for Saudi Arabia amid ease in restrictions

PIA will operate 35 flights on a weekly basis

Published 27 Nov, 2021 02:40pm

Eni sells Snam 49.9% stake in Algeria gas pipelines for 385mn euros

Energy

Eni sells Snam 49.9% stake in Algeria gas pipelines for 385mn euros

MILAN: Italian energy group Eni has agreed to sell gas group Snam 49.9% of its stake in strategic pipelines carrying...

Updated 27 Nov, 2021 02:48pm

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

Companies

Xiaomi to open car plant in Beijing with annual output of 300,000 vehicles

SHANGHAI: Chinese smartphone giant Xiaomi Corp will build a plant that can produce 300,000 vehicles annually in...

Published 27 Nov, 2021 02:13pm

Decline in oil prices to bode well for Pakistan’s economy: Fawad

Decline in oil prices to bode well for Pakistan’s economy: Fawad

International prices plunged $10 a barrel on Friday, the largest one-day drop since April 2020

Updated 27 Nov, 2021 08:26pm

China's industrial profits growth accelerates in Oct

Industry

China's industrial profits growth accelerates in Oct

BEIJING: Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on...

Published 27 Nov, 2021 10:14am

First ‘robotaxis’ enter service in Beijing

Industry

First ‘robotaxis’ enter service in Beijing

BEIJING: It looks like a normal car but the white taxi by the kerb has nobody driving it, and communicates with...

Published 27 Nov, 2021 05:19am

Prices to ‘skyrocket’ in coming years, claims PBIF

Industry

Prices to ‘skyrocket’ in coming years, claims PBIF

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum ...

Published 27 Nov, 2021 05:08am

Tarin meets bankers

Money & Banking

Tarin meets bankers

KARACHI: Shaukat Tarin, Advisor to the Prime Minister on Finance and Revenue, visited the office of Pakistan ...

Published 27 Nov, 2021 05:08am

IMC chief underscores the need for import substitution

Industry

IMC chief underscores the need for import substitution

KARACHI: “Pakistan’s macroeconomic goals are tied to ‘Make in Pakistan’ and import substitution. With a...

Published 27 Nov, 2021 05:08am

Tata in talks to set up $300m semiconductor assembly unit

Industry

Tata in talks to set up $300m semiconductor assembly unit

NEW DELHI: India’s Tata group is in talks with three states to invest up to $300 million to set up a semiconductor...

Published 27 Nov, 2021 05:08am

Black Friday ‘early birds’ find US stores less crowded

Industry

Black Friday ‘early birds’ find US stores less crowded

CHICAGO: With many major US retailers opening their doors to shoppers at 5 a.m. on Friday, early risers ventured out...

Published 27 Nov, 2021 05:08am

Yen, Swiss franc gain as Covid variant dents risk appetite

Money & Banking

Yen, Swiss franc gain as Covid variant dents risk appetite

NEW YORK: News of a coronavirus variant potentially resistant to current vaccines sent investors dashing for the...

Published 27 Nov, 2021 05:08am

Sterling weakens below $1.33 for first time in 2021

Money & Banking

Sterling weakens below $1.33 for first time in 2021

LONDON: Sterling briefly weakened below $1.33 on Friday for the first time since December 2020 as a new COVID-19...

Published 27 Nov, 2021 05:08am

Canadian dollar hits 2-month low

Money & Banking

Canadian dollar hits 2-month low

TORONTO: The Canadian dollar slumped to its lowest level in nearly two months against its US counterpart on Friday ...

Published 27 Nov, 2021 05:08am

Lebanese currency drops to new low

Money & Banking

Lebanese currency drops to new low

BEIRUT: The Lebanese pound sank to a new low on the black market Friday, with no end in sight to the economic and...

Published 27 Nov, 2021 05:08am

Activities of Karachi Port and Port Qasim

Industry

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 154,579 tonnes of cargo comprising 100,074 tonnes of import cargo and 54,505...

Published 27 Nov, 2021 05:08am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.53
USD PKR Interbank Buying / Apr 29	278.03
USD to Japanese Yen / Apr 29	156.41
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.25
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Dow Jones / Apr 26	38239.66
India Sensex / Apr 29	74257.68
Hang Seng / Apr 29	17861.75
FTSE 100 / Apr 29	8179.85
Germany DAX 30 / Apr 29	18202.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Petrol/Litre / Apr 29	293.94
Crude Oil USD/Barrel / Apr 29	83.16
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2332.70
Diesel/Litre / Apr 29	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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PM holds talks with Saudis on investment, business prospects

PM holds talks with Saudis on investment, business prospects

Rate cut: the virtues of patience

Rate cut: the virtues of patience

NJLI Sarmaya Growth Fund Rates

7th straight status quo: SBP holds key interest rate at 22%

7th straight status quo: SBP holds key interest rate at 22%

Aurangzeb says mulling introducing digital currency potential

Aurangzeb says mulling introducing digital currency potential

Forex reserve constraints: SBP advises Chinese firm to get its DSRA minimized

Forex reserve constraints: SBP advises Chinese firm to get its DSRA minimized

Rupee remains largely unchanged against US dollar

Rupee remains largely unchanged against US dollar

Political stability critical to attaining sustainable external account stability

Political stability critical to attaining sustainable external account stability

No intention to impose fixed tax on solar, Power Division clarifies

No intention to impose fixed tax on solar, Power Division clarifies