News Archives for Business & Finance - 2025-11-21

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Business & Finance - 2025-11-21

Companies

SECP greenlights PMEX’s proposed acquisition of NCMCL

Move aims to accelerate development of Pakistan’s Electronic Warehouse Receipt ecosystem

Published 21 Nov, 2025 09:27pm

Technology

Elon Musk’s X down for thousands of US users, Downdetector shows

Elon Musk’s X was down for thousands of users in the United States on Friday, according to Downdetector. There were...

Published 21 Nov, 2025 09:24pm

South Asia

India’s November business growth slows to 6-month low on weak manufacturing, PMI shows

BENGALURU: India’s private sector activity expanded at its slowest pace in six months in November as manufacturing...

Published 21 Nov, 2025 09:05pm

Stocks

Wall Street inches up as December rate cut bets strengthen

Wall Street’s main indexes edged up on Friday as traders boosted bets on an interest rate cut by the Federal Reserve...

Published 21 Nov, 2025 08:54pm

Companies

Copper giant Codelco signs deal with India’s Adani for exploration in Chile

SANTIAGO: Chilean miner Codelco and India’s Adani Group have signed an agreement for a copper project exploration in...

Published 21 Nov, 2025 08:16pm

Commodities

Copper hits two-week low as tech selloff continues

LONDON: Copper slumped to a more than two-week low on Friday on tech sector fears while U.S. jobs data added to...

Published 21 Nov, 2025 07:36pm

Commodities

Global LNG: Asia spot prices rise slightly amid high inventories, muted demand

LONDON: Asian spot liquefied natural gas prices rose slightly this week, but remained around the $11 area on...

Published 21 Nov, 2025 07:32pm

USA

Fed’s Williams says Fed can still cut rates in the “near term,” boosting odds of a December move

WASHINGTON: The U.S. Federal Reserve can still cut interest rates “in the near term” without putting its inflation...

Published 21 Nov, 2025 07:29pm

Stocks

UAE shares decline on weak oil and rate cut uncertainty

Stock markets in the United Arab Emirates fell on Friday tracking weaker oil prices as the United States pressed for...

Published 21 Nov, 2025 07:26pm

Stocks

Broad-based losses weigh on Sri Lankan shares

CSE All-Share index settled 0.53% lower at 22,982.72 points

Published 21 Nov, 2025 07:22pm

Middle East

Abu Dhabi’s IHC interested in Lukoil’s foreign assets

ABU DHABI: Abu Dhabi conglomerate International Holding Company has told the U.S. Treasury it is interested in...

Published 21 Nov, 2025 07:19pm

Companies

Adani Enterprises sells stake worth $121 million in AWL Agri Business

Indian conglomerate Adani Enterprises’ unit sold shares worth 10.86 billion rupees ($121.2 million) in AWL Agri...

Published 21 Nov, 2025 07:15pm

Energy

Russian Urals discounts have tripled in India since August as US sanctions hit

MOSCOW: Discounts for Russian flagship Urals crude in Indian ports have tripled since August against dated Brent as...

Published 21 Nov, 2025 07:12pm

Financial

India bonds hit 3-week trough on rupee’s slide to record low

MUMBAI: Indian government bond slumped to a three-week low on Friday after the rupee hit a fresh record low, sapping...

Published 21 Nov, 2025 05:24pm

Money & Banking

India’s Kotak Mahindra Bank announces first stock split in 15 years

India’s Kotak Mahindra Bank said on Friday it will split one share into five, in its first stock split since...

Published 21 Nov, 2025 04:41pm

Markets

India’s SEBI mulls proposal to expand pool of investments for REITs and InvITs

India markets regulator is considering widening liquid mutual fund options for Real Estate Investment Trusts and...

Published 21 Nov, 2025 04:25pm

Forex

Outflows, trade angst push Indian rupee to record low past RBI’s defended line

MUMBAI: The Indian rupee hit a lifetime low on Friday, as a bout of portfolio outflows, uncertainty over a...

Published 21 Nov, 2025 04:22pm

Stocks

India’s stocks dip on US jobs data but weekly gains stay intact

India’s equity benchmarks closed marginally lower on Friday due to profit booking after U.S. jobs data dampened...

Published 21 Nov, 2025 04:09pm

Companies

Kingbhai Digisol secures Rs3bn order as FNEL plans gradual divestment

Kingbhai Digisol (Private) Limited, an investee of First National Equities Limited (FNEL), has secured an agreement...

Published 21 Nov, 2025 04:05pm

Commodities

Palm drops over 2%, posts weekly loss on weak demand, strong ringgit

KUALA LUMPUR: Malaysian palm oil futures tumbled more than 2% on Friday, wiping out earlier gains to post a weekly...

Published 21 Nov, 2025 04:05pm

Money & Banking

India’s Axis Bank to raise up to $559 million via private debt placement

India’s Axis Bank said on Friday it plans to raise up to 50 billion rupees ($559 million) via debt securitieson a...

Published 21 Nov, 2025 04:02pm

South Asia

India announces implementation of new codes to reform labour laws

NEW DELHI: India announced on Friday the implementation of four new codes that seek to simplify and streamline the...

Published 21 Nov, 2025 03:59pm

Business & Finance

India and Afghanistan to launch air cargo services to boost trade

Kabul seeks access to grains, medicines and industrial goods

Published 21 Nov, 2025 03:38pm

Business & Finance

PM signals industrial policy overhaul after private sector proposals

Prime Minister Shehbaz Sharif on Friday signalled movement toward an overhaul of Pakistan’s industrial policy, after...

Updated 21 Nov, 2025 06:43pm

Commodities

Gold price per tola remains stable in Pakistan

Gold prices in Pakistan remained stable on Friday, with the per tola rate standing at Rs426,562. Similarly, 10-gram...

Published 21 Nov, 2025 01:50pm

Markets

Binance CEO Teng says bitcoin volatility in line with most asset classes

The fall comes after bitcoin hit an all-time peak above $126,000 in early October

Published 21 Nov, 2025 12:26pm

Stocks

Selling returns to bourse, KSE-100 settles with over 800 points loss

Benchmark index settles at 162,102.92

Updated 21 Nov, 2025 08:20pm

Stocks

Japan’s Nikkei slumps as tech shares track Wall Street declines

The Nikkei 225 Index slumped 2.3% to 48,678.11 in early trading

Published 21 Nov, 2025 12:06pm

Stocks

Australia shares plunge to five-month in broad sell-off, miners and banks bleed

The S&P/ASX 200 index fell 1.6% to 8,419.50 by 2335

Published 21 Nov, 2025 11:58am

Commodities

Copper heads for weekly loss on firm dollar as traders assess US job data

The most-active copper contract on the Shanghai Futures Exchange declined 0.82% to 85,670 yuan

Published 21 Nov, 2025 11:52am

Forex

Yuan recovers from one-week low on strong official fix

Before the market opening, the People's Bank of China set the midpoint rate at 7.0875 per dollar

Published 21 Nov, 2025 11:46am

Stocks

China stocks head for biggest weekly loss since December as tech drags

Both gauges are now down roughly 3.3% for the week, the worst performance since December 30, 2024

Published 21 Nov, 2025 11:44am

Commodities

Soybeans slip further as doubts about Chinese buying puncture their rally

Corn and wheat futures also fell, with all three crops under pressure from ample supply

Published 21 Nov, 2025 11:41am

Mutual Funds

Benchmark JGB yields retreat from 17-year high as cabinet approves stimulus plan

The 10-year JGB yield fell 3 basis points (bps) to 1.785%

Published 21 Nov, 2025 11:34am

Mutual Funds

India bonds rangebound ahead of fresh debt supply

The benchmark 10-year yield was at 6.5270%

Published 21 Nov, 2025 11:32am

Exchange

Rupee strengthens against US dollar

Currency settles at 280.62 against greenback

Updated 21 Nov, 2025 08:45pm

Markets

ECB’s Elderson set to extend term as vice chair of bank’s oversight arm, Bloomberg news reports

Elderson began his eight-year stint on the executive board in December 2020 and five-year tenure as vice chair of the oversight arm in February 2021

Published 21 Nov, 2025 11:15am

Commodities

Palm subdued on weak demand, strong ringgit; set for second weekly gain

The contract is on track for a second weekly gain, rising 0.51% so far.

Published 21 Nov, 2025 11:13am

Business & Finance

Pakistan’s standing rises on global stage as Trump embrace Gen Asim Munir: Bloomberg

The shift in stance has revived Pakistan as a geopolitical power in the region, says report

Updated 21 Nov, 2025 09:42pm

Markets

Foxconn chairman says seeking to work with countries on science parks

Liu was speaking as the contract chip manufacturer hosted its tech day

Published 21 Nov, 2025 10:55am

Markets

Top 8 auto parts and accessories companies at PSX as of Nov 2025

This article highlights top eight auto parts and accessories firms listed on Pakistan Stock Exchange, evaluating them based on market capitalisation

Published 21 Nov, 2025 10:02am

Bullion Rate

Gold subdued as strong US jobs data dents rate-cut hopes

Spot gold was down 0.1% at $4,072.87 per ounce

Published 21 Nov, 2025 08:28am

Forex

Indian rupee poised for muted open with Asia FX navigating risk-off, lower U.S. yields

The 1-month non-deliverable forward indicated the rupee will open largely unchanged versus the US dollar, having settled at 88.7050 on Thursday

Published 21 Nov, 2025 08:25am

Stocks

Stocks crumble as US jobs fail to clear Fed outlook, tech hammered

On Friday, MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.8% to bring its weekly loss to 3%, the biggest since early April

Published 21 Nov, 2025 08:02am

Forex

Dollar set for weekly gain as Fed cut bets recede; yen intervention eyed

The dollar index , which measures the greenback against a basket of peers, flirted with a 5-1/2-month peak and last stood at 100.20

Published 21 Nov, 2025 07:55am

Energy

Oil extends decline by 2% as US presses for Russia-Ukraine peace deal

Brent crude futures dropped by $1.02, or 1.6%, to $62.36 a barrel

Published 21 Nov, 2025 05:36am

Business & Finance

Fiscal governance & revenue reforms: Pakistan, Nigeria explore cooperation

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Thursday met a 13-member...

Published 21 Nov, 2025 05:36am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 31	278
USD PKR Interbank Buying / Jul 31	277.80
USD to Japanese Yen / Jul 31	157.40
USD to Swiss Franc / Jul 31	0.81
Pound Sterling to USD / Jul 31	1.35
Euro to USD / Jul 31	1.15
SOFR % / Jul 31	3.64

Stock	Volume
S&P 500 / Jul 31	7,489.72
India Sensex / Jul 31	78,094.64
Nasdaq / Jul 31	25,373.85
FTSE 100 / Jul 31	10,868.05
Dow Jones / Jul 31	52,485.03
Germany DAX 30 / Jul 31	25,629.24
France CAC40 / Jul 31	8,509.64
Tokyo Nikkei / Aug 3	63,240.51
Hang Seng / Aug 3	25,926.38

Item	Value
Crude Oil USD/Barrel / Jul 31	84.67
Karachi Cotton PKR/37.32 KG / Jul 31	18,480
Gold 10 Grams PKR / Jul 31	369,029
Gold Spot USD/Ounce / Jul 31	4,046.15
Cotton US¢/pound / Jul 31	81.79
Petrol/Litre / Aug 3	336.03
Diesel/Litre / Aug 3	392.38

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jul 31 Wasl Mobility Modaraba(WASL)	7.92 ▲ 1 (14.45%)
First AL-Noor Mod. / Jul 31 First Al-Noor Modaraba(FANM)	9.08 ▲ 1 (12.38%)
Cres.Star Ins. / Jul 31 Crescent Star Insurance Limited(CSIL)	6.04 ▲ 0.62 (11.44%)
Premier Insurance / Jul 31 Premier Insurance Limited(PINL)	13.41 ▲ 1.22 (10.01%)
Asim Textile / Jul 31 Asim Textile Mills Limited(ASTM)	38.38 ▲ 3.49 (10%)
Trust Mod. / Jul 31 Trust Modaraba(TRSM)	24.19 ▲ 2.2 (10%)
The Thal Ind.Corp. / Jul 31 The Thal Industries Corporation Limited(TICL)	1,151.46 ▲ 104.68 (10%)
Shahtaj Sugar / Jul 31 Shahtaj Sugar Mills Limited(SHJS)	191.79 ▲ 17.44 (10%)
J.A.Textile / Jul 31 J.A. Textile Mills Limited(JATM)	38.75 ▲ 3.52 (9.99%)
Aisha Steel(ConPS) / Jul 31 Aisha Steel(ConPS)(ASLPS)	38.96 ▲ 3.54 (9.99%)

Stock	Price
Dadabhoy Cement / Jul 31 Dadabhoy Cement Industries Limited(DBCI)	20.40 ▼ -2.27 (-10.01%)
Olympia Mills / Jul 31 Olympia Mills Limited(OML)	148.54 ▼ -15.74 (-9.58%)
Imperial Limited / Jul 31 Imperial Limited(IML)	21.16 ▼ -1.82 (-7.92%)
Kohinoor Power / Jul 31 Kohinoor Power Company Limited(KOHP)	25.84 ▼ -2.2 (-7.85%)
Gulistan Sp. / Jul 31 Gulistan Spinning Mills Limited(GUSM)	9.56 ▼ -0.74 (-7.18%)
786 Invest Ltd / Jul 31 786 Investments Limited(786)	24.04 ▼ -1.82 (-7.04%)
Asia Ins. / Jul 31 Asia Insurance Company Limited(ASIC)	41.12 ▼ -2.88 (-6.55%)
Shaheen Ins. / Jul 31 Shaheen Insurance Company Limited(SHNI)	8.76 ▼ -0.57 (-6.11%)
Zahid Jee Textile / Jul 31 Zahidjee Textile Mills Limited(ZAHID)	77.70 ▼ -4.87 (-5.9%)
Bhanero Textile / Jul 31 Bhanero Textile Mills Limited(BHAT)	830.44 ▼ -48.56 (-5.52%)

Stock	Volume
Trust Sec.& Brok. / Jul 31 Trust Securities & Brokerage Limited(TSBL)	178,796,682 ▲ 0.04
Dadabhoy Cement / Jul 31 Dadabhoy Cement Industries Limited(DBCI)	81,740,502 ▼ -2.27
Cnergyico PK / Jul 31 Cnergyico PK Limited(CNERGY)	50,456,921 ▲ 0.13
Wasl Mobility Mod. / Jul 31 Wasl Mobility Modaraba(WASL)	48,675,508 ▲ 1
TPL Properties / Jul 31 TPL Properties Limited(TPLP)	32,842,886 ▲ 0.64
F. Nat.Equities / Jul 31 First National Equities Limited(FNEL)	31,454,195 ▲ 0.02
WorldCall Telecom / Jul 31 Worldcall Telecom Limited(WTL)	28,353,328 ▲ 0
TPL Corp Ltd / Jul 31 TPL Corp Limited(TPL)	27,658,286 ▲ 1.15
Oilboy Energy / Jul 31 Oilboy Energy Limited(OBOY)	22,266,613 ▲ 0.66
Pak Refinery / Jul 31 Pakistan Refinery Limited(PRL)	21,805,902 ▲ 3.51

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