News Archives for Business & Finance - 2025-05-13

<<>>

Business & Finance - 2025-05-13

Companies

GAIL (India)’s quarterly profit falls more than expected on lower gas margins, cost pressures

Gas distributor GAIL (India) posted a bigger-than-expected fall in quarterly profit on Tuesday, dragged by lower gas...

Published 13 May, 2025 11:39pm

Companies

Honeywell’s India unit posts smaller fourth-quarter profit as costs surge

Honeywell Automation India reported a fall in fourth-quarter profit on Tuesday as rising expenses outpaced revenue...

Published 13 May, 2025 11:15pm

Markets

Sindh govt to provide ‘easy loans’ to small, medium businesses

The Sindh government would provide “easy loans” to small and medium businesses in the province and women to be given...

Published 13 May, 2025 10:54pm

Stocks

TSX gains as investors assess US inflation data

Canada’s main stock index rose on Tuesday, led by gains in technology stocks, as investors assessed U.S. inflation...

Published 13 May, 2025 10:00pm

Stocks

S&P 500, Nasdaq rise on trade optimism after soft inflation data

The S&P 500 and the Nasdaq advanced on Tuesday on softer-than-expected inflation numbers and market optimism...

Published 13 May, 2025 09:58pm

Stocks

British stocks mixed as investors assess US inflation, UK labour market report

British stocks ended mixed on Tuesday, as investors assessed a tick up in U.S. inflation data, while signs of a...

Published 13 May, 2025 09:55pm

Stocks

European equities close higher for fourth day; US inflation data assessed

European stocks ended slightly higher on Tuesday, as positive momentum fueled by a soft U.S. inflation reading and a...

Published 13 May, 2025 09:53pm

Middle East

Saudi Arabia partners with Nvidia to spur AI goals as Trump visits

US chip giant Nvidia and Saudi Arabia announced partnerships on Tuesday as part of the kingdom’s plans to develop...

Published 13 May, 2025 08:08pm

Middle East

Aramco to sign MoUs with NextDecade, Sempra for 6.2 million tons of LNG

RIYADH: Saudi Aramco will sign on Tuesday memoranda of understanding with U.S. liquefied natural gas producer...

Published 13 May, 2025 08:04pm

Middle East

Saudi Arabia’s AviLease places order for up to 30 Boeing 737 MAX jets

An aircraft leasing firm owned by Saudi Arabia’s sovereign wealth fund has placed an order for up to 30 Boeing 737...

Updated 13 May, 2025 08:28pm

Stocks

Most Gulf Markets settle higher as investors weigh U.S.-China trade truce

Most stock markets in the Gulf settled higher on Tuesday, although gains were limited as investors paused to weigh...

Published 13 May, 2025 07:45pm

Middle East

US, Saudi Arabia have discussed Riyadh’s potential purchase of F-35 jets

RIYADH: The United States and Saudi Arabia have discussed Riyadh’s potential purchase of Lockheed’s F-35 jets, two...

Published 13 May, 2025 07:40pm

Markets

‘False fuel saving claim’: CCP imposes Rs40mn penalty on Al-Ghazi Tractors

The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs40 million on Al-Ghazi Tractors Limited...

Published 13 May, 2025 07:37pm

Commodities

Soybeans ease from three-month peak, wheat hits lowest since 2020 on supply pressure

BEIJING/PARIS: Chicago soybeans edged down on Tuesday after hitting a three-month high in the previous session...

Published 13 May, 2025 06:47pm

Commodities

Wheat steady-down 7 cents, corn steady-down 4, soybeans steady-down 5

CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago...

Published 13 May, 2025 06:29pm

South Asia

India’s trade minister to lead delegation to US for trade talks

NEW DELHI: India’s trade minister Piyush Goyal will lead a trade delegation to the United States starting May 16 to...

Published 13 May, 2025 06:25pm

Commodities

Gold price per tola jumps Rs3,700 in Pakistan

Gold prices in Pakistan increased on Tuesday in line with their rise in the international market. In the local...

Published 13 May, 2025 05:46pm

Companies

Complete turnaround: SSGC reports Rs8.3bn profit in FY24

The Sui Southern Gas Company (SSGC) made public its accounts for the year ended June 30, 2024, announcing a massive...

Published 13 May, 2025 05:20pm

Business & Finance

India approves more Russian insurers to provide marine cover

NEW DELHI: India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine...

Published 13 May, 2025 05:00pm

Money & Banking

Uganda central bank holds lending rate for third time in a row

KAMPALA: Uganda’s central bank maintained its key lending rate at 9.75% for the third monetary policy meeting in a...

Published 13 May, 2025 04:54pm

Companies

India’s Tata Motors tops fourth-quarter profit view on higher JLR sales, lower costs

Indian automaker Tata Motors reported a bigger-than-expected quarterly profit on Tuesday, helped by higher sales at...

Published 13 May, 2025 04:48pm

Africa

Egypt’s Suez Canal offers 15% discount for big container ships to win back trade

CAIRO: Egypt’s Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least...

Published 13 May, 2025 04:45pm

Forex

Sterling recovers some lost ground against the dollar

Sterling recovered some ground against the dollar on Tuesday after weakening in the previous session, when the...

Published 13 May, 2025 04:41pm

South Asia

India’s inflation slows to lowest in nearly 6 years, making room for more rate cuts

NEW DELHI: India’s retail inflation remained below the central bank’s 4% target for the third consecutive month as...

Published 13 May, 2025 04:38pm

Stocks

Indian benchmarks fall on foreign flow jitters, profit-booking

India’s benchmark indexes logged their biggest daily losses in a month on Tuesday, weighed down by profit-booking...

Published 13 May, 2025 04:33pm

Commodities

Palm surges on stronger soyoils, weak ringgit

KUALA LUMPUR: Malaysian palm oil futures extended gains to the third straight session on Tuesday after a long...

Published 13 May, 2025 04:30pm

Commodities

Copper up on temporary US-China trade truce

Copper prices rose on Tuesday after the United States said it would cut some tariffs on imports from China, where...

Published 13 May, 2025 04:27pm

Forex

Russian rouble edges up vs US dollar despite losing support from state forex interventions

MOSCOW: The Russian rouble strengthened slightly against the US dollar on Tuesday due to expectations of direct...

Published 13 May, 2025 02:57pm

Forex

Kenya shilling gains slightly versus dollar, LSEG data shows

The shilling traded at 128.80/129.40

Published 13 May, 2025 01:05pm

Stocks

European stocks extend gains for fourth day, Bayer soars

European stocks edged higher on Tuesday, as positive corporate updates helped keep markets at a six-week high, a day...

Published 13 May, 2025 01:03pm

Forex

Ugandan shilling unchanged; traders await central bank rate decision

Commercial banks quoted the shilling at 3,655/3,665

Published 13 May, 2025 01:01pm

Technology

Japan’s SoftBank posts $7.8bn annual net profit

TOKYO: Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on...

Published 13 May, 2025 12:44pm

Business & Finance

Honda forecasts 70% net profit drop citing ‘tariff impact’

TOKYO: Japan’s Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US...

Published 13 May, 2025 12:43pm

Business & Economy

Aurangzeb says upcoming budget to be strategic, focused on long-term growth

Existing protectionist regime must be dismantled, says finance minister

Updated 13 May, 2025 10:56pm

Commodities

Soybean futures stabilise on US-China trade war truce; wheat dips on USDA report

BEIJING: Chicago soybean futures eased on Tuesday, after hitting a three-month high in the previous session...

Published 13 May, 2025 11:55am

Commodities

Iron ore touches over 2-week high on China-US trade truce, caution caps gains

BEIJING: Prices of iron ore futures touched a more than two-week high on Tuesday, supported by a US-China temporary...

Published 13 May, 2025 11:53am

Business & Finance

India proposes counter duties against US, notice to WTO shows

NEW DELHI: India has proposed to levy import duties on some products made in the United States to counter...

Published 13 May, 2025 11:32am

Forex

China’s yuan jumps to 6-month high, breaches key threshold after Sino-US tariff truce

SHANGHAI: China’s yuan jumped to a six-month high against the dollar on Tuesday, breaching a key threshold, after...

Published 13 May, 2025 11:30am

Commodities

Shanghai copper prices dip as caution tempers US-China trade optimism

SINGAPORE: Copper prices faltered on Tuesday, with the most-traded contract on the Shanghai Futures Exchange (SHFE)...

Published 13 May, 2025 11:26am

Currency

Rupee settles lower against US dollar

Currency settles at 281.67 against greenback in inter-bank market

Updated 13 May, 2025 06:31pm

Forex

Thai baht/US dollar stronger on Tuesday

The baht was 0.25% higher at 33.38 per dollar

Published 13 May, 2025 11:09am

Forex

Australia, New Zealand dollars gain on crosses as US, China reach tariff truce

SYDNEY: The Australian and New Zealand dollars dipped on Tuesday as their US counterpart benefited from a truce in...

Published 13 May, 2025 11:08am

Stocks

US-China trade deal boosts Australia shares to more than 2-month high

Australian shares hit a more than two-month high on Tuesday, boosted by gains across most sectors, as the US-China...

Published 13 May, 2025 10:59am

Stocks

China stocks flat, Hong Kong retreats as tariff optimism fades

HONG KONG: China stocks were flat on Tuesday, while Hong Kong shares pulled back, as initial euphoria over a...

Published 13 May, 2025 10:57am

Stocks

Japan’s Nikkei jumps to 3-month peak on Sino-US tariff truce

TOKYO: Japan’s Nikkei share average jumped to the highest in almost three months on Tuesday as the US and China...

Published 13 May, 2025 10:53am

Business & Finance

EBRD trims growth forecast again as tariffs and wars loom

LONDON: Tariffs, wars and economic worries in powerhouse economies such as Germany and China led the European Bank...

Published 13 May, 2025 10:49am

Business & Finance

ECB to stand by past stimulus policies in strategy review

FRANKFURT: The European Central Bank will stand by its aggressive stimulus policy of the last decade in a strategy...

Published 13 May, 2025 10:47am

Mutual Funds

Indian bond yields slip as traders lap up debt after ceasefire

MUMBAI: Indian government bond yields dipped in early trading on Tuesday, as traders built positions after India and...

Published 13 May, 2025 10:44am

Commodities

Malaysia palm oil stocks up 19.4% m/m in April as production rebounds

KUALA LUMPUR: Malaysia’s palm oil stocks increased for a second consecutive month in April, rising 19.4% from March...

Published 13 May, 2025 10:41am

Mutual Funds

Philippines awards $449mn T-bill offer

Tenders total 70.3 billion pesos

Published 13 May, 2025 10:36am

Bullion Rate

Gold slightly recovers from over one-week low

Gold recovered on Tuesday on bargain-hunting after prices dropped to a more than one-week low in the previous...

Published 13 May, 2025 10:32am

Business & Finance

Nissan to suspend operations at some domestic plants as part of restructuring, Nikkei says

TOKYO: Japan’s Nissan Motor has decided to suspend operations at some domestic factories as part of a business...

Published 13 May, 2025 10:30am

Companies

Lucky Core Industries proposes 5-for-1 stock split to enhance investor accessibility

Lucky Core Industries (LCI) has informed the exchange that its Board of Directors (BoD) has proposed the...

Updated 13 May, 2025 10:52am

Stocks

Buying rally continues at bourse, KSE-100 settles with nearly 1,300-point gain

KSE-100 crossed 120,000 level in early trade

Updated 13 May, 2025 10:55pm

Stocks

Indian benchmarks set for muted start; pharma stocks in focus

India’s benchmark indexes are likely to open little changed on Tuesday, after logging their best day in more than...

Updated 13 May, 2025 10:59am

Forex

India-Pakistan truce, yuan boost to lift Indian rupee past 85/USD

MUMBAI: The Indian rupee is expected to appreciate past the 85 mark against the U.S. dollar at the open on Tuesday,...

Published 13 May, 2025 08:30am

Business & Finance

UK shoppers celebrate Easter and the sunshine with a spending splurge

LONDON: British shoppers overcame their worries about a global trade war and sharply increased their spending in...

Published 13 May, 2025 08:25am

Business & Finance

BOJ upbeat on wages despite US tariffs, sees scope to resume rate hikes

TOKYO: The Bank of Japan expects wages and prices to keep rising even as the uncertainty over U.S. tariff policy...

Published 13 May, 2025 08:20am

Technology

Samsung launches slimmest smartphone as races against rival Apple

SEOUL: Samsung Electronics made public on Tuesday its slimmest flagship model to date, complete with enhanced...

Updated 13 May, 2025 11:28am

Energy

Crude oil climbs more than $1 on tariff cuts, outlook

HOUSTON: Crude oil futures climbed more than $1 a barrel on Tuesday, lifted by a temporary cut in U.S.-China tariffs...

Updated 13 May, 2025 10:56pm

Forex

Dollar clings on to gains from US-China trade pact

SINGAPORE: The dollar held strong gains on Tuesday as investors cheered a tariff deal between the United States and...

Published 13 May, 2025 08:02am

Stocks

Asian markets cheer as pause in US-China trade war boosts risk appetite

TOKYO: Asian stocks joined the global rally and the U.S. dollar held on to most of its gains on Tuesday as investors...

Published 13 May, 2025 07:58am

Money & Banking

Awaiting US cash, EBRD gives funders till end of the year to pay up

LONDON: The European Bank of Reconstruction and Development has extended the deadline for its shareholders to...

Published 13 May, 2025 06:15am

Pakistan

Punjab Seed Corporation becomes Member of Asia and Pacific Seed Alliance

LAHORE: Punjab Seed Corporation (PSC) has been selected as a member of the Asia and Pacific Seed Alliance (APSA),...

Updated 13 May, 2025 08:15am

Industry

Increasing trade substantially: APTMA welcomes Trump’s statement

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) welcomed the recent statement by US President Donald J...

Published 13 May, 2025 06:15am

Industry

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal Monday announced that the...

Updated 13 May, 2025 11:44am

Startup Recorder

Pakistan’s tech startups shine at GISEC

The startups believe AI is not just a trend but the next step in strengthening online security

Published 13 May, 2025 06:15am

Money & Banking

Dollar jumps after US, China reach trade deal

NEW YORK: The dollar surged on Monday as the United States and China reached a deal to temporarily cut reciprocal...

Published 13 May, 2025 06:15am

Money & Banking

Sterling falls against dollar

LONDON: The pound slumped against a stronger dollar on Monday but firmed against the euro and yen as the United...

Published 13 May, 2025 06:15am

Money & Banking

China’s yuan strengthens

SHANGHAI: The yuan strengthened on Monday despite dollar’s rebound, reflecting market optimism after the US and...

Published 13 May, 2025 06:15am

Companies

Nissan to cut 10,000 more jobs

TOKYO: Nissan plans to cut 10,000 more jobs worldwide, Japanese media reported on Monday, a day before the ...

Published 13 May, 2025 06:15am

Industry

SECP issues consultation paper on ‘industry self-regulation’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Monday issued a strategic framework sets out...

Published 13 May, 2025 06:15am

Industry

‘Tobacco industry seeks tax cut amid rising health burden’

LAHORE: The government is learnt to have faced mounting pressure from the tobacco industry to concede to demands ...

Published 13 May, 2025 06:15am

Companies

Telenor Pakistan wins OICCI Women Empowerment Award

ISLAMABAD: Telenor Pakistan has been honoured with the prestigious OICCI Women Empowerment Award in the category of...

Published 13 May, 2025 06:15am

Industry

Pakistan food industry opposes proposed front-of-pack warning labels

LAHORE: Stakeholders from Pakistan’s packaged food industry expressed serious concerns over a recent proposal...

Updated 13 May, 2025 08:12am

Taxes

Tax dept fails to prove transactions between two entities as ‘sales’

LAHORE: The income tax department has failed to prove that transactions conducted between two associated entities...

Published 13 May, 2025 06:15am

Business & Finance

Cargo operations continue without interruption: KPT

LAHORE: The Karachi Port Trust (KPT) Acting Chairman Faheemur Rehman Saigol has stated that despite war like...

Published 13 May, 2025 06:15am

Business & Finance

SRB to hold prize ballot draw of POS today

KARACHI: The Sindh Revenue Board (SRB) is set to hold its inaugural computerized prize ballot draw of Point of Sale...

Published 13 May, 2025 06:15am

Companies

CCP approves majority acquisition of Lotte Chemical by APIL, MOD

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of a majority stake in Lotte...

Published 13 May, 2025 06:15am

Business & Finance

Clearing facility: ‘PME shall continue to operate till 30th June’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified that Pakistan Mercantile Exchange...

Published 13 May, 2025 06:15am

Companies

JS Bank launches first maternity insurance through JS Her

KARACHI: In a move to support women’s health and financial well-being, JS Bank, through its women-focused banking...

Published 13 May, 2025 06:15am

Companies

India’s Gensol Engineering MD Anmol Jaggi resigns after regulatory order

Gensol Engineering said on Monday Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi...

Published 13 May, 2025 12:46am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

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

Most Popular