News Archives for Business & Finance - 2025-03-24

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Business & Finance - 2025-03-24

Energy

Pakistan, Italy optimistic about energy sector collaboration

Minister Ali Pervaiz Malik invites Italian energy firms to participate in the Pakistan Minerals Investment Forum

Updated 24 Mar, 2025 10:50pm

South Asia

India’s business growth dipped in March due to weaker services demand, PMI shows

BENGALURU: Growth in India’s overall business activity softened in March as robust manufacturing expansion failed to...

Published 24 Mar, 2025 07:50pm

Commodities

Gold price per tola gains Rs600 in Pakistan

Gold prices in Pakistan gained on Monday, in line with their increase in the international market. In the local...

Published 24 Mar, 2025 06:25pm

Business & Finance

CCP approves new aviation training venture by Fly Jinnah and Air Arabia

The Competition Commission of Pakistan (CCP) on Monday approved a joint venture between Fly Jinnah Services...

Published 24 Mar, 2025 04:54pm

Business & Finance

Dubai named among top 5 fintech destinations globally

City also ranks among top 12 Global Financial Centres

Updated 24 Mar, 2025 04:42pm

Technology

Systems Limited announces 5-for-1 stock split

Systems Limited, one of Pakistan’s largest software firms, informed the exchange on Monday that its Board of...

Updated 24 Mar, 2025 11:28pm

Forex

South African rand firms as markets await US tariff clarity

JOHANNESBURG: South Africa’s rand strengthened on Monday as investors awaited clarity on the next round of tariffs...

Published 24 Mar, 2025 02:05pm

Stocks

European shares rise ahead of business activity surveys

European shares rose on Monday, as investors geared up for business activity data out of some of the biggest...

Published 24 Mar, 2025 02:02pm

Stocks

Major Gulf markets gain ahead of US tariff deadline

Major stock markets in the Gulf nudged higher early on Monday as investors awaited clarity on US President Donald...

Published 24 Mar, 2025 02:00pm

Companies

Explainer: What Greentree’s tender offer means for TRG Pakistan shareholders

Greentree Holdings Limited (GHL) - an international investment holding firm of TRG International - has offered to...

Updated 24 Mar, 2025 11:28pm

Energy

Pakistan’s sugar maker to install 200KW solar power plant

As per ECC, total installed solar capacity grew from 321MW in 2021 to 4,124MW by December 2024

Updated 24 Mar, 2025 10:50pm

Forex

Thai baht/US dollar slightly weaker on Monday

The baht was 0.15% lower at 33.93 per dollar

Published 24 Mar, 2025 12:12pm

Business & Finance

BOJ says to raise rates if price target to be achieved, despite losses on JGBs

TOKYO: Bank of Japan Governor Kazuo Ueda said on Monday the central bank will continue to raise interest rates if...

Published 24 Mar, 2025 12:04pm

Forex

Yuan hits two-week low as Trump’s reciprocal tariffs approach

SHANGHAI: China’s yuan hit a two-week low against the dollar on Monday on growing investor concerns about trade...

Published 24 Mar, 2025 11:58am

Forex

Australia, NZ dollars go sideways after a week of struggle, budget in focus

SYDNEY: The Australian and New Zealand dollars drifted sideways on Monday after a week of struggle amid the...

Published 24 Mar, 2025 11:49am

Commodities

London copper edges higher as dollar drifts; US tariff outlook caps gains

NEW DELHI: Copper prices in London edged higher on Monday, tracking some weakness in the dollar, although concerns...

Published 24 Mar, 2025 11:46am

Stocks

China, HK stocks steady as investors cautiously watch tariff developments

SHANGHAI: China and Hong Kong stocks were largely flat on Monday as investors grew cautious with US President Donald...

Published 24 Mar, 2025 11:44am

Bullion Rate

After the gold rush: Asian, Mid-East sellers flood jewellery market

MUMBAI: As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with...

Published 24 Mar, 2025 11:08am

Commodities

Palm oil declines as weak Dalian oils weigh

JAKARTA: Malaysian palm oil futures declined for the second consecutive session on Monday, pressured by weakness in...

Published 24 Mar, 2025 10:54am

Commodities

Chicago soybeans, corn dip on tariff fears

BEIJING: Chicago soybeans and corn futures slid for a second session on Monday, driven by concerns that US tariffs...

Published 24 Mar, 2025 10:51am

Commodities

Iron ore rises as strong China demand outweighs US tariff woes

SINGAPORE: Iron ore futures strengthened on Monday as brightening demand for the key steelmaking ingredient in top...

Published 24 Mar, 2025 10:49am

Bullion Rate

Gold edges lower on dollar strength, traders await fresh catalysts

Gold eased on Monday as the dollar ticked up, while investors awaited fresh catalysts after last week’s rally saw...

Published 24 Mar, 2025 10:47am

Mutual Funds

Indian bond yields hold steady ahead of final state debt sale for fiscal year

MUMBAI: Indian government bond yields held their ground on Monday as investors refrained from buying ahead of the...

Published 24 Mar, 2025 10:45am

Forex

Indian rupee may not respond much to dip in Asian peers; focus on flows

MUMBAI: The Indian rupee, following last week’s rally, may not react much at the open on Monday to the decline in...

Published 24 Mar, 2025 10:41am

Stocks

Indian shares seen higher as foreign flows return

India’s Nifty 50 stock index is set to open higher on Monday, building on its best week in four years, as foreign...

Published 24 Mar, 2025 10:38am

Currency

Rupee registers marginal decline against US dollar

Currency settles at 280.37 against US dollar

Updated 24 Mar, 2025 07:51pm

Stocks

Australian shares slip as miners drag; inflation data in focus

Australian shares slipped in early trade on Monday, pressured by losses in mining stocks amid softer commodity...

Published 24 Mar, 2025 10:35am

Stocks

Japan’s Nikkei struggles for momentum as tariff deadline looms

TOKYO: Japan’s Nikkei share average was flat at the morning session’s close on Monday as a modest rise in Wall...

Published 24 Mar, 2025 10:33am

Stocks

Futures buoyant, dollar drifts as markets sail toward tariff storm

SINGAPORE: Financial markets made an mixed start on Monday with US stock futures rising but the dollar wavering...

Published 24 Mar, 2025 10:26am

Forex

Dollar drifts as traders await Trump tariff clarity

TOKYO: The dollar drifted just below a three-week high versus major peers on Monday as traders cautiously awaited...

Published 24 Mar, 2025 10:23am

Energy

Oil rises 1% as Trump plans tariff on countries that buy Venezuelan oil, gas

HOUSTON: Oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose a 25% tariff on countries...

Updated 25 Mar, 2025 12:33am

Stocks

Selling pressure at PSX: KSE-100 sheds over 2,000 points

Market faces downward pressure amid IMF concerns

Updated 24 Mar, 2025 10:50pm

Business & Finance

Li urges states to open markets to combat ‘rising instability’

BEIJING: Chinese Premier Li Qiang urged countries to open their markets to combat “rising instability and...

Published 24 Mar, 2025 05:33am

Industry

HCSTSI sets 31st as deadline for membership renewal

HYDERABAD: The Secretary General of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) has announced...

Published 24 Mar, 2025 05:33am

Business & Finance

Withdrawal of concessions to local industry: BMP voices its concern at IMF-govt agreement

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has expressed...

Published 24 Mar, 2025 05:33am

Business & Finance

Dubai ‘removes walls’ for free zone companies, allows them to operate in mainland

Dubai has announced new rules that will allow companies set up inside its many free zones to operate outside of them...

Updated 24 Mar, 2025 01:54pm

Business & Finance

Indonesian diplomats, scientists underscore need for boosting oil palm cultivation

HYDERABAD: Indonesian diplomats and Pakistani scientists have underscored the urgent need to boost local oil palm...

Published 24 Mar, 2025 05:33am

Commodities

Prices of essential food items show mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities, like live chicken/meat, sugar, flour, dates, pulses,...

Published 24 Mar, 2025 05:33am

Stocks

Wall Street Week Ahead: Dow Transports index slump poses trouble spot as investors seek stocks stability

NEW YORK: Even as US stocks seek to regain their footing, weakness in a closely followed index of transportation...

Published 24 Mar, 2025 05:33am

Stocks

UK stocks slip on tariff uncertainty

LONDON: British stocks closed lower on Friday on continued worries about the economic impact of US tariff policy,...

Published 24 Mar, 2025 05:33am

Money & Banking

Sterling down but set for another weekly gain

LONDON: The British pound extended its decline against the dollar on Friday but was poised to end the week higher, a...

Published 24 Mar, 2025 05:33am

Companies

Sinopec’s 2024 net profit plunges 16.8pc due to falling oil prices

BEIJING: China Petroleum & Chemical Corp , known as Sinopec, reported a 16.8 percent decline in 2024 net profit...

Published 24 Mar, 2025 05:33am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 15	160.01
USD to Swiss Franc / Jun 15	0.79
Pound Sterling to USD / Jun 15	1.35
Euro to USD / Jun 15	1.16
SOFR % / Jun 12	3.63

Stock	Volume
S&P 500 / Jun 12	7,431.46
Nasdaq / Jun 12	25,888.84
Dow Jones / Jun 12	51,202.26
India Sensex / Jun 15	76,764.22
Tokyo Nikkei / Jun 15	69,593.64
Hang Seng / Jun 15	24,816.13
FTSE 100 / Jun 15	10,499.85
Germany DAX 30 / Jun 15	25,012.02
France CAC40 / Jun 15	8,447.27

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 12	21,780
Gold 10 Grams PKR / Jun 12	375,947
Petrol/Litre / Jun 15	373.78
Crude Oil USD/Barrel / Jun 15	80.67
Gold Spot USD/Ounce / Jun 15	4,327.01
Diesel/Litre / Jun 15	378.78
Cotton US¢/pound / Jun 15	76.49

Gainers
Losers
Leaders

Stock	Price
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.44 ▲ 0.73 (9.47%)
IGI Holdings / Jun 12 IGI Holdings Limited(IGIHL)	284.15 ▲ 23.93 (9.2%)
Leiner Pak Gelat / Jun 12 Leiner Pak Gelatine Limited(LPGL)	100.33 ▲ 8.38 (9.11%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.19 ▼ -2.28 (-9.32%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	23.80 ▼ -2.36 (-9.02%)
East West Ins. / Jun 12 East West Insurance Company Limited(EWIC)	48.54 ▼ -4.42 (-8.35%)
Unicap Modaraba / Jun 12 Unicap Modaraba(UCAPM)	5.20 ▼ -0.45 (-7.96%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.42 ▼ -1.33 (-7.94%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	20.42 ▼ -1.72 (-7.77%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,747,470 ▲ 0.15
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,924,034 ▲ 0.93
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,648,271 ▲ 0.45
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,511,471 ▲ 0
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,896,472 ▲ 4.01
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	33,427,696 ▼ -1.72
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	28,855,016 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,007 ▼ -0.82
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,755,100 ▲ 0.24
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	20,120,122 ▲ 0.31

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