News Archives for Business & Finance - 2025-05-26

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Business & Finance - 2025-05-26

Markets

Trump Media to raise $3 billion to spend on cryptocurrencies, FT reports

U.S. President Donald Trump’s social media firm, Trump Media & Technology Group, plans to raise about $3 billion...

Published 26 May, 2025 10:56pm

Money & Banking

African Development Bank to pick new head to confront US funding cuts

NAIROBI/ABIDJAN: The African Development Bank is meeting in Ivory Coast this week to pick a new president at a time...

Published 26 May, 2025 06:43pm

Financial

India regulator fines MCX over inadequate disclosures on trading platform

India’s markets regulator on Monday fined Multi Commodity Exchange of India Ltd (MCX) 2.5 million rupees ($29,383)...

Published 26 May, 2025 06:39pm

Bullion Rate

Gold price per tola falls Rs2,600 in Pakistan

Gold prices in Pakistan decreased on Monday in line with their decline in the international market. In the local...

Published 26 May, 2025 06:06pm

Commodities

India’s dairy sector pushes for safeguards in US trade talks

MUMBAI: India, the world’s largest milk producer, must protect millions of small dairy farmers in its trade talks...

Published 26 May, 2025 05:28pm

Forex

Sterling touches new 2022 high; Trump EU tariff reversal dents dollar

LONDON: The pound edged up on Monday to trade around its highest since early 2022, as the dollar came under broad...

Published 26 May, 2025 05:23pm

Stocks

Sri Lanka shares close flat as energy losses offset other gains

CSE All Share index settled up 0.01% at 16,496.24

Published 26 May, 2025 05:21pm

Companies

Volvo Cars to cut 3,000 jobs in restructuring

STOCKHOLM: Sweden-based Volvo Cars said on Monday it will cut 3,000 mostly white-collar jobs as part of a...

Published 26 May, 2025 05:00pm

Asia

Moody’s reaffirms negative outlook on China on trade concerns

BEIJING: Moody’s maintained its negative outlook on China on Monday, citing concerns that tensions with major...

Published 26 May, 2025 04:55pm

Stocks

Indian shares advance on EU tariff relief, central bank’s record dividend

Indian shares advanced on Monday, extending gains from the previous session, on easing global trade tensions and the...

Published 26 May, 2025 04:51pm

Commodities

Palm rangebound on weaker soyoil, concerns over rising output, stock levels

KUALA LUMPUR: Malaysian palm oil futures traded in a tight range on Monday, hit by weaker soyoil prices and concerns...

Published 26 May, 2025 04:48pm

Business & Finance

China says Moody’s reaffirming ratings reflects its ‘positive prospects’

BEIJING: Moody’s decision to keep China’s ratings and outlook unchanged is a “positive reflection of the positive...

Published 26 May, 2025 03:55pm

Commodities

Ivory Coast 2024/2025 cocoa arrivals up 9.1% as of May 25

ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast had reached 1.602 million metric tons by May 25 since the...

Published 26 May, 2025 03:54pm

Business & Economy

Aurangzeb says IMF case approved ‘on merit’ despite disruption attempts

Finance Minister Muhammad Aurangzeb on Monday said that efforts were made, albeit unsuccessfully, to derail...

Updated 26 May, 2025 10:16pm

Business & Finance

Vietnam's Vietjet Air to buy 20 Airbus A330s: airline statement

HANOI: Vietnamese airline Vietjet Air said Monday it will buy 20 widebody Airbus A330-900 planes, doubling its order...

Published 26 May, 2025 02:37pm

Markets

Govt to introduce ‘bold measures’ in the upcoming budget, says Aurangzeb

Pakistan to present federal budget for FY2025-26 on June 10

Updated 26 May, 2025 10:15pm

Business & Economy

With digital push underway, PM appoints Bilal bin Saqib as SAPM on Blockchain and Crypto

In a key step towards embracing crypto technology, Prime Minister Shehbaz Sharif has appointed Bilal bin Saqib as...

Updated 26 May, 2025 10:16pm

Business & Finance

Japan to spend $6.3 billion for tariff relief package, Kyodo reports

TOKYO: Japan’s government plans to spend 900 billion yen ($6.3 billion) in state funds for an emergency relief...

Published 26 May, 2025 12:54pm

Stocks

STOXX 600 jumps as Trump’s EU tariff deadline extension boosts sentiment

European shares surged on Monday, poised to recoup the previous session’s losses on relief after U.S. President...

Published 26 May, 2025 12:41pm

Companies

Nepra approves KE’s T&D tariff plan for 7 years

The National Electric Power Regulatory Authority (NEPRA) has approved K-Electric’s (KE) new Multi-Year Tariff (MYT)...

Published 26 May, 2025 12:39pm

Stocks

Australian shares flat; WiseTech gains on its buyout deal for US co

Australian shares traded flat on Monday, as banks’ losses offset the gains in mining and tech stocks, led by...

Published 26 May, 2025 12:04pm

Mutual Funds

Japanese bonds extend rally as higher yields help bring in buyers

TOKYO: Japanese government bonds (JGBs) extended their rally to a second day on Monday as elevated yields attracted...

Published 26 May, 2025 12:02pm

Stocks

China, Hong Kong stocks weaken as auto shares, Apple suppliers weigh

HONG KONG: China and Hong Kong stocks retreated on Monday, with automobile and Apple suppliers leading the decline....

Published 26 May, 2025 12:00pm

Mutual Funds

India rate cut bets cap upward move in bond yields post RBI surplus letdown

MUMBAI: Indian government bond prices were off opening lows on Monday as bets of further monetary policy easing...

Published 26 May, 2025 11:59am

Business & Finance

Indonesia central bank to give nearly $5 billion flexibility to banks to manage liquidity

JAKARTA: The Indonesian central bank’s policy to cut a secondary reserve requirement to 4% from 5% starting from...

Published 26 May, 2025 11:58am

Business & Finance

Thai April exports rise 10.2% y/y, above forecast

BANGKOK: Thailand’s customs-cleared exports rose 10.2% in April from a year earlier, the commerce ministry said on...

Published 26 May, 2025 11:55am

Business & Finance

India’s central bank seeks approval for overseas rupee lending to neighbours, sources say

NEW DELHI: India’s central bank is taking another step to internationalise the rupee, seeking approval to allow...

Published 26 May, 2025 11:45am

Commodities

Palm falls on weaker soyoil, concerns over rising output, stock levels

KUALA LUMPUR: Malaysian palm oil futures fell on Monday, as weaker soyoil prices and concerns over rising production...

Published 26 May, 2025 11:44am

Forex

China’s yuan climbs to near seven-month high as investors assess tariff risks

HONG KONG: China’s yuan rose to near a seven-month high against the dollar on Monday, as Asian currencies were...

Published 26 May, 2025 11:40am

Mutual Funds

Philippines awards $517mn of T-bills at auction

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday: BTR...

Published 26 May, 2025 11:39am

Forex

Asian currencies rise as US fiscal woes, policy shifts weigh on dollar

Emerging Asian currencies firmed on Monday, aided by pressure on the dollar amid US fiscal concerns, while risk...

Published 26 May, 2025 11:29am

Bullion Rate

Gold edges lower as Trump extends EU tariff deadline

Gold prices eased on Monday after US President Donald Trump set a July 9 deadline for a trade deal with the European...

Published 26 May, 2025 11:25am

Commodities

Japan aims to slash stockpiled rice prices to 2,000 yen per 5kg, farm ministry says

TOKYO: Japan aims to drastically cut stockpiled rice prices to 2,000 yen ($14) per 5 kg and speed up getting rice...

Published 26 May, 2025 11:24am

Energy

South Korea’s KOSPO seeks LNG cargo for July delivery

SINGAPORE: Korea Southern Power Co (KOSPO) is seeking 3 trillion to 3.6 trillion British thermal units (TBtu), or...

Published 26 May, 2025 11:22am

Stocks

Japan’s Nikkei rises for a second day as trade fears ease, Nippon Steel jumps

TOKYO: Japan’s Nikkei share average gained for a second-straight session on Monday as easing trade tensions between...

Published 26 May, 2025 11:21am

Forex

Australia, New Zealand dollars hit new 2025 highs amid more US tariff chaos

SYDNEY: The Australian and New Zealand dollars hit new 2025 highs on Monday after US President Donald Trump’s fresh...

Published 26 May, 2025 11:20am

Commodities

Dalian iron ore at two-week low on weak China steel demand, property gloom

SINGAPORE: Prices of iron ore futures dropped on Monday on subdued steel consumption in top consumer China, while...

Published 26 May, 2025 11:18am

Stocks

South Korean shares rise 1% as Trump delays EU tariffs, battery makers rebound

The benchmark KOSPI was up 26.97 points, or 1.04%, at 2,619.06

Published 26 May, 2025 11:17am

Companies

Pakistan’s rice exporter Matco to restructure corn starch business

In a strategic move, Matco Foods Limited, one of Pakistan’s leading rice exporters, has approved a corporate...

Published 26 May, 2025 10:40am

Exchange

Rupee records decline against US dollar

Currency settles at 282.06 against greenback

Updated 26 May, 2025 07:05pm

Stocks

Selling pressure at bourse, KSE-100 sheds nearly 900 points

Negative sentiment was observed at the Pakistan Stock Exchange (PSX) on Monday, with its benchmark KSE-100 Index...

Updated 26 May, 2025 08:02pm

Stocks

Indian benchmark indexes set to open higher after Trump delays EU tariffs

India’s benchmark indexes are set to open marginally higher on Monday, after U.S. President Donald Trump extended...

Published 26 May, 2025 08:10am

Forex

Indian rupee set to extend rally, riding momentum in Asia FX

MUMBAI: The Indian rupee is poised to kick off the week on a positive note, extending Friday’s rally, buoyed by a...

Updated 26 May, 2025 08:20am

Stocks

Asian stocks, euro gain after Trump delays EU tariffs

SINGAPORE: Stock markets across Asia edged higher on Monday, and the euro rallied after President Donald Trump...

Published 26 May, 2025 07:47am

Business & Finance

Nippon Steel shares climb after Trump offers support for U.S. Steel deal

TOKYO: Nippon Steel shares rallied on Monday in Tokyo after U.S. President Donald Trump expressed support for the...

Published 26 May, 2025 07:43am

Forex

Euro rises, dollar recovers as Trump gives more time for EU deal

TOKYO: The euro and U.S. dollar rose against the safe-haven yen and Swiss franc on Monday after President Donald...

Published 26 May, 2025 07:41am

Energy

Oil steadies after Trump extends EU trade talks deadline

LONDON: Oil prices traded around flat on Monday after U.S. President Donald Trump extended a deadline for trade...

Updated 26 May, 2025 06:51pm

Money & Banking

Pound higher against dollar

LONDON: The pound traded at its highest in over three years on Friday, heading for its largest weekly gain against...

Published 26 May, 2025 06:18am

Money & Banking

Rouble hovers near two-year high against dollar

MOSCOW: The Russian rouble hovered close to a near two-year high against the dollar on Friday, buoyed by limited...

Published 26 May, 2025 06:13am

Companies

Abacus hosts British HC delegation to strengthen tech collaboration

LAHORE: Abacus, a leader in delivering world class technology, outsourcing, and consulting solutions, was honoured ...

Published 26 May, 2025 05:56am

Cotton & Textile

Weekly Cotton Review: Trading activities remain limited

KARACHI: The New York cotton market showed mixed trends, while local cotton prices remained stable. However, trading...

Published 26 May, 2025 05:56am

Commodities

Prices of daily-use items show upward trend

PESHAWAR: Upward trend in prices of daily use items like live chicken/meat, vegetable, pulses, cooking oil/ghee and...

Published 26 May, 2025 05:56am

Business & Finance

BMP voices its concerns over delay in budget presentation

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

Published 26 May, 2025 05:56am

Industry

Empowering women entrepreneurs in Pakistan: TDAP organises workshop on market analysis tools in Sialkot

SIALKOT: Trade Development Authority of Pakistan (TDAP), Women Entrepreneur Division, in collaboration with Sialkot...

Updated 26 May, 2025 11:18am

Business & Finance

Foreign investment into Europe falls to nine-year low: survey

Germany sees 17% drop in FDI projects amid instability
Intra-European capital flows increase by 5 percentage points since 2015
Spain’s FDI rises 15%, showing Southern Europe’s growing competitiveness

Updated 26 May, 2025 06:58am

Business & Finance

KP govt sets targets for completion of hydropower projects: CM

PESHAWAR: “The KP government has set the timely and quality completion of multiple small and large-scale ...

Published 26 May, 2025 05:56am

Industry

Businessman says Pakistan’s weak economy impediment to social welfare steps

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and...

Updated 26 May, 2025 11:17am

Industry

Illegal cigarette trade constitutes revenue, regulatory challenge

LAHORE: The rise of illicit cigarette manufacturing and sales has emerged as one of Pakistan’s most serious ...

Published 26 May, 2025 05:56am

Energy

Pakistan’s power sector indigenization need of the hour: Awais Leghari

LAHORE: Federal Minister for Energy (Power Division), Sardar Awais Ahmad Khan Leghari said on Saturday that...

Updated 26 May, 2025 11:18am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 5	278.61
USD PKR Interbank Buying / Jun 5	278.41
USD to Japanese Yen / Jun 8	160.04
USD to Swiss Franc / Jun 8	0.80
Pound Sterling to USD / Jun 8	1.33
Euro to USD / Jun 8	1.15
SOFR % / Jun 7	3.63

Stock	Volume
S&P 500 / Jun 5	7,383.74
Nasdaq / Jun 5	25,709.43
Dow Jones / Jun 5	50,866.78
India Sensex / Jun 8	73,524.26
Tokyo Nikkei / Jun 8	64,024.60
Hang Seng / Jun 8	24,657.06
FTSE 100 / Jun 8	10,325.11
Germany DAX 30 / Jun 8	24,522.58
France CAC40 / Jun 8	8,152.50

Item	Value
Gold 10 Grams PKR / Jun 5	401,012
Petrol/Litre / Jun 8	377.78
Crude Oil USD/Barrel / Jun 8	94.86
Gold Spot USD/Ounce / Jun 8	4,292.04
Diesel/Litre / Jun 8	380.78
Cotton US¢/pound / Jun 8	78.21

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 8 First Fidelity Leasing Modaraba(FFLM)	8.76 ▲ 1 (12.89%)
Gulistan Sp. / Jun 8 Gulistan Spinning Mills Limited(GUSM)	9.03 ▲ 1 (12.45%)
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	10.33 ▲ 1 (10.72%)
Pak. P.V.C. / Jun 8 Pakistan PVC Limited(PPVC)	19.53 ▲ 1.78 (10.03%)
Cresent Jute / Jun 8 Crescent Jute Products Limited(CJPL)	14.73 ▲ 1.34 (10.01%)
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	12.31 ▲ 1.12 (10.01%)
Oilboy Energy / Jun 8 Oilboy Energy Limited(OBOY)	16.82 ▲ 1.53 (10.01%)
Quantum Data Tech. / Jun 8 Quantum Data Technologies Limited(QTECH)	33.95 ▲ 3.09 (10.01%)
Nagina Cot. / Jun 8 Nagina Cotton Mills Limited(NAGC)	77.94 ▲ 7.09 (10.01%)
Shams Textile / Jun 8 Shams Textile Mills Limited(STML)	41.99 ▲ 3.82 (10.01%)

Stock	Price
Dawood Lawrencepur / Jun 8 Dawood Lawrencepur Limited(DLL)	60.49 ▼ -564.34 (-90.32%)
Azgard Nine (Non-Voti) / Jun 8 Azgard Nine (Non-Voti)(ANLNV)	7.42 ▼ -0.98 (-11.67%)
Ruby Textile / Jun 8 Ruby Textile Mills Limited(RUBY)	18.49 ▼ -2.05 (-9.98%)
Aisha Steel(ConPS) / Jun 8 Aisha Steel(ConPS)(ASLPS)	28.85 ▼ -3.15 (-9.84%)
Elahi Cotton / Jun 8 Elahi Cotton Mills Limited(ELCM)	176.66 ▼ -19.18 (-9.79%)
Javedan Corp.(Pref) / Jun 8 Javedan Corp.(Pref)(JVDCPS)	68.40 ▼ -7.27 (-9.61%)
Ideal Spinning / Jun 8 Ideal Spinning Mills Limited(IDSM)	77.65 ▼ -8.17 (-9.52%)
Power Cem(Pref) / Jun 8 Power Cement (Pref)(POWERPS)	25.57 ▼ -2.46 (-8.78%)
F.Credit & Inv / Jun 8 First Credit and Investment Bank Limited(FCIBL)	37 ▼ -3.49 (-8.62%)
Tri-Star Mutual / Jun 8 Tri-Star Mutual Fund Limited(TSMF)	17.48 ▼ -1.64 (-8.58%)

Stock	Volume
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	60,567,709 ▲ 1
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	42,410,725 ▲ 0.74
Pace (Pak) Ltd. / Jun 8 Pace (Pakistan) Limited(PACE)	26,156,618 ▼ -0.07
Waves Home Appliances / Jun 8 Waves Home Appliances Limited(WAVESAPP)	24,010,462 ▲ 0.06
Thatta Cement / Jun 8 Thatta Cement Company Limited(THCCL)	22,234,491 ▲ 3.04
Beco Steel Ltd / Jun 8 Beco Steel Limited(BECO)	20,895,260 ▼ -0.26
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	20,707,751 ▼ -0.01
Pak Qatar Family / Jun 8 Pak Qatar Family Takaful Limited(PAKQATAR)	20,529,844 ▲ 0.58
D.S. Ind. Ltd. / Jun 8 D.S. Industries Limited(DSIL)	20,239,775 ▲ 1.12
Pak Qatar Gen.Takaful / Jun 8 Pak Qatar General Takaful Limited(PQGTL)	19,782,746 ▲ 1.67

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