Stocks Toronto blue chips hit over 5-month high on tech, materials boost Canada’s main stock index hit over five-month highs on Thursday, supported by technology, materials and financial... Published 24 Nov, 2022 09:12pm
Forex SBP-held foreign exchange reserves fall $134mn, stand at $7.83bn Decrease comes on account of external debt repayment Published 24 Nov, 2022 08:12pm
Forex Canadian dollar steadies as investors cheer Fed’s dovish signal TORONTO: The Canadian dollar was little changed against its broadly weaker U.S. counterpart on Thursday as lower oil... Published 24 Nov, 2022 07:58pm
Stocks KSE-100 closes with marginal gain ahead of COAS appointment Trading remained lacklustre and index moved in a narrow range Published 24 Nov, 2022 07:43pm
Stocks Gulf markets mixed on falling oil, signs of Fed slowdown Stock markets in the Gulf ended mixed on Thursday as oil prices fell, while less-hawkish minutes from the U.S.... Published 24 Nov, 2022 06:28pm
Currency Pakistan ‘treading path’ to launching its own digital currency: SBP Central bank governor Jameel Ahmed weighing cost and benefits of this venture Updated 24 Nov, 2022 07:11pm
Stocks Sri Lankan shares fall nearly 2% after central bank holds rates Sri Lankan shares closed down on Thursday, snapping a two-day rally, after the island nation’s central bank held... Published 24 Nov, 2022 05:08pm
Companies Haier's inverter: a winter companion As the weather turned chilly with cold and dry winds blowing, you must be thinking of how to keep your home warm... Published 24 Nov, 2022 05:05pm
Companies Ford recalls nearly 519,000 US vehicles over fire risks Ford Motor Co is recalling nearly 519,000 sport utility vehicles (SUVs) in the United States over fire risks from... Published 24 Nov, 2022 04:53pm
Money & Banking Turkish central bank lowers rate to 9%, says it will halt easing ISTANBUL: Turkey’s central bank cut its policy rate by 150 basis points to 9% as expected on Thursday and said it... Published 24 Nov, 2022 04:43pm
Stocks Indian shares hit new highs on boost from IT, banks BENGALURU: India’s main indexes closed at record highs on Thursday, powered by a rally in shares of IT companies and... Published 24 Nov, 2022 04:26pm
Companies Hubco takes legal action against CPHGC encashment notice CPHGC had served notice to Hubco for encashment of a Standby LC worth $150 million Updated 24 Nov, 2022 04:16pm
Business & Economy Pakistan does not face any risk of default, reiterates Ishaq Dar Finance minister says on his advice government made 'categorical decision' not to approach Paris Club for debt relief Updated 24 Nov, 2022 03:59pm
Stocks European stock markets steady at open LONDON: European stock markets diverged Thursday after a similar mixed showing in Asia as traders assessed the... Published 24 Nov, 2022 01:58pm
Mutual Funds JGB yields fall after Fed minutes signal slower rate hike pace TOKYO: Japanese government bond (JGB )yields fell on Thursday after the US Federal Reserve’s November policy meeting... Published 24 Nov, 2022 01:49pm
Forex Russian rouble gains vs dollar with support from month-end taxes MOSCOW: The Russian rouble firmed on Thursday, continuing to hover in the range of 60 to 61 per dollar, supported by... Published 24 Nov, 2022 01:35pm
Energy Coral Energy turns focus to Asia, halts trade in Russian crude NEW DELHI: Dubai-based trader Coral Energy said it is looking at expanding its business in Asia where energy demand... Published 24 Nov, 2022 01:29pm
Stocks Major Gulf bourses ease as oil prices fall Major stock markets in the Gulf were in negative territory early on Thursday as oil prices eased, with the Saudi... Published 24 Nov, 2022 01:22pm
Energy UK’s Ofgem says price cap will rise to nearly $5,200 without intervention LONDON: British energy regulator Ofgem said its price cap for average household energy bills would rise by about 21%... Published 24 Nov, 2022 01:18pm
Stocks Australian shares end higher on Fed slowdown, Chinese property steps Australian shares closed higher for a third straight session on Thursday, as sentiment remained upbeat after the US... Updated 24 Nov, 2022 01:52pm
Energy Brent oil to revisit Monday low of $82.31 Brent oil is expected to revisit its Monday low of $82.31 per barrel, probably after a moderate consolidation above... Published 24 Nov, 2022 12:05pm
Commodities Palm oil may retest resistance at 4,128 ringgit SINGAPORE: Palm oil may retest a resistance at 4,128 ringgit a tonne, a break below which could open the way towards... Published 24 Nov, 2022 12:01pm
Energy US oil may retest support at $75.47 SINGAPORE: US oil may retest a support at $75.47 per barrel, driven by a wave e. This is the fifth wave of a... Published 24 Nov, 2022 11:58am
Commodities India’s cotton exports stall as farmers delay sales hoping for higher prices MUMBAI: Indian traders are struggling to export cotton despite higher production as farmers are delaying sale of... Published 24 Nov, 2022 11:55am
Bullion Rate Spot gold may end bounce around $1,757 SINGAPORE: Spot gold may end its bounce around a resistance of $1,757 per ounce, and resume its drop thereafter. The... Published 24 Nov, 2022 11:47am
Commodities Copper gains on China’s property support, softer dollar Copper prices rose on Thursday as China’s supportive measures for its property sector, a weaker US dollar and the... Published 24 Nov, 2022 11:32am
Forex China’s yuan firms on weaker dollar, hint of RRR cut from Beijing SHANGHAI: China’s yuan inched higher against the dollar on Thursday, helped by Federal Reserve signals that it was... Published 24 Nov, 2022 11:29am
Stocks China stocks fall as COVID cases hit record high; Hong Kong tracks Asia higher SHANGHAI: China stocks fell on Thursday, as concerns over record high domestic daily COVID-19 cases overshadowed... Published 24 Nov, 2022 11:27am
Forex Malaysia ringgit, stocks surge on hopes of political breakthrough Malaysia’s ringgit posted its best day in almost two weeks and equities rose 2% on Thursday amid signs of a... Published 24 Nov, 2022 11:19am
Forex Rupee falls marginally, settles at 223.92 against US dollar Depreciates 0.05% in inter-bank market on Thursday Updated 24 Nov, 2022 07:01pm
Mutual Funds India bond yields lower as Fed minutes suggest slower rate hikes, sentiment positive MUMBAI: India’s government bond yields were lower in early trade on Thursday as the minutes from the US Federal... Published 24 Nov, 2022 11:15am
Commodities Palm rises on robust exports, lower output expectations JAKARTA: Malaysian palm oil futures climbed for a fourth straight session on Thursday on expectations of lower... Published 24 Nov, 2022 11:12am
Commodities NY coffee may retest resistance at $1.6865 SINGAPORE: New York March coffee may retest a resistance at $1.6865 per lb, as the current bounce looks... Published 24 Nov, 2022 11:05am
Forex Indian rupee inches higher on broad dollar losses, lags Asian peers MUMBAI: The Indian rupee was trading higher against the dollar on Thursday after weak US data and Federal Reserve... Published 24 Nov, 2022 11:01am
Musk floats ‘general amnesty’ of suspended Twitter accounts SAN FRANCISCO: New Twitter owner Elon Musk on Wednesday polled users on whether the site should offer a general... Published 24 Nov, 2022 10:43am
Stocks Hong Kong shares climb as Fed hope offsets China fear HONG KONG: Hong Kong stocks finished with another gain Thursday, tracking a rally on Wall Street as hopes for a... Updated 24 Nov, 2022 02:00pm
Stocks Stocks rise, dollar slips as Fed signals softer rate hike pace HONG KONG: Asian markets rallied Thursday and the dollar weakened further after minutes from the Federal Reserve’s... Published 24 Nov, 2022 10:31am
South Korea hikes rates again but slows pace SEOUL: South Korea on Thursday raised its benchmark interest rate for the seventh time in a row as it struggles to... Published 24 Nov, 2022 10:26am
Foxconn apologises after protests over pay and conditions at China iPhone factory TAIPEI: Taiwanese tech giant Foxconn on Thursday apologised for a “technical error” in its payment systems after... Published 24 Nov, 2022 10:16am
Japan Nov factory activity shrinks at quickest pace in 2 years TOKYO: Japan’s manufacturing activity contracted at the fastest pace in two years in November as demand worsened due... Published 24 Nov, 2022 10:02am
Bullion Rate Gold advances as Fed signals slower rate hikes Gold prices bounced above the key $1,750 an ounce level on Thursday, consolidating gains after minutes of the US... Published 24 Nov, 2022 09:41am
Stocks Indian shares open higher as Fed hints at slower rate hikes BENGALURU: Indian stocks opened higher on Thursday, tracking strength in global equities, after minutes of the US... Published 24 Nov, 2022 09:39am
Stocks Nikkei ends at over 2-month highs on hopes Fed slowdown hopes TOKYO: Japan’s Nikkei index closed at its highest level in more than two months on Thursday, after Wall Street rose... Updated 24 Nov, 2022 01:43pm
Forex Dollar slips as risk sentiment improves after Fed minutes SINGAPORE: The US dollar was broadly weaker on Thursday as investors, encouraged the prospect of a slower pace of... Published 24 Nov, 2022 09:30am
Forex Australia, NZ dollars bust past resistance as NZ yields spike SYDNEY: The Australian and New Zealand dollars were on a roll on Thursday as an uber-hawkish outlook for New Zealand... Published 24 Nov, 2022 09:26am
Energy Oil drops as price cap proposal eases supply concerns LONDON: Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price... Updated 24 Nov, 2022 06:41pm
Reko Diq reference: Proposed foreign investment bill aimed at ensuring economic growth, SC told ISLAMABAD: The additional attorney general (AAG) informed the Supreme Court that the underlining objective of the... Published 24 Nov, 2022 04:28am
Rs965bn revenue collection target set for Dec ISLAMABAD: The revenue collection target of the Federal Board of Revenue (FBR) for December 2022 has been fixed at... Updated 24 Nov, 2022 09:39am
Commodities PSMA says there’s no sugar shortage in country LAHORE: Pakistan Sugar Mills Association (Punjab Zone) has categorically denied a news item in the media regarding... Updated 24 Nov, 2022 09:38am
Stocks Stock trading: SECP wing compiling risk statistics reports ISLAMABAD: The Systemic Risk team of the Securities and Exchange Commission of Pakistan (SECP) has been engaged in... Updated 24 Nov, 2022 09:43am
Tenure of chambers’ office-bearers: NA panel approves new amendment to TOA ISLAMABAD: National Assembly Standing Committee on Commerce Wednesday “scrapped” amendment on the commencement of... Updated 24 Nov, 2022 09:37am
Payments from customers: SBP plans to launch QR Code-based ‘P2M’ system by 2023 KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed Wednesday announced plans to launch Quick Response or QR... Published 24 Nov, 2022 04:28am
Industry Tea import: FPCCI calls for resolution of anomalies immediately KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has... Published 24 Nov, 2022 04:28am
October IT exports up 13pc to $221m YoY KARACHI: Information Technology (IT) exports for October 2022 increased by 13 percent on year-on-year basis to $221... Published 24 Nov, 2022 04:28am
Industry US business team visits FPCCI offices: Scope for investment in Pakistan highlighted LAHORE: A high-profile business delegation from the United States, led by Miles Hansen, President and CEO of World... Published 24 Nov, 2022 04:28am
Money & Banking Remittances to be sent through Western Union: BOJK and Sindh Bank sign agreement MUZAFFARABAD: Kashmiri emigrants worldwide will be able to send remittances to their dear ones in Azad Kashmir with... Published 24 Nov, 2022 04:28am
Money & Banking Dollar down as US data released NEW YORK: The US dollar fell across the board on Wednesday, after data showed US business activity weakened further... Published 24 Nov, 2022 04:28am
Industry Malaysian diplomat underlines need for reviewing FTA KARACHI: Consul General of Malaysia Herman Hardynata Bin Ahmad has said that Malaysia and Pakistan, in addition to... Published 24 Nov, 2022 04:28am
Industry Businessmen greet Zubair Motiwala KARACHI: On appointment of Muhammad Zubair Motiwala as the chief executive of TDAP by the Prime Minister, prominent... Published 24 Nov, 2022 04:28am
Companies Hashoo Hotels get Shaukat Khanum Corporate Excellence Award LAHORE: This October marked the sixth consecutive year since Hashoo Hotels joined hands with Shaukat Khanum Memorial... Published 24 Nov, 2022 04:28am
India to allow further sugar exports this season LONDON: India is likely to allow a further 2-4 million tonnes of sugar exports in the 2022/23 season - a move which... Published 24 Nov, 2022 04:28am
Interest Rates 'Substantial majority' of Fed officials see rate hikes slowing 'soon', minutes show WASHINGTON: A "substantial majority" of policymakers at the Federal Reserve's meeting early this month agreed it... Published 24 Nov, 2022 12:32am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?