News Archives for Business & Finance - 2026-01-06

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Business & Finance - 2026-01-06

Stocks

Saudi Arabia to open financial market to all foreign investors next month

The amendments approved by the Capital Markets Authority eliminate the concept of the Qualified Foreign Investor

Published 06 Jan, 2026 11:50pm

Stocks

Most Gulf bourses gain on rising Fed rate cut bets

Dubai’s main share index advanced 0.9%, with blue-chip developer Emaar Properties rising 2.1%

Published 06 Jan, 2026 09:29pm

Companies

India’s Godrej Consumer expects demand recovery after tax-cut disruption

Godrej posted a 4% rise in revenue last quarter

Published 06 Jan, 2026 09:23pm

Markets

India’s Titan logs quarterly sales surge on gold price rally, festive demand

Titan’s jewellery business, which accounts for nearly 88% of its revenue, grew 41% year-on-year in the quarter ended December 31

Published 06 Jan, 2026 09:19pm

Money & Banking

US Fed governor Miran says rates should fall over 1%-point in 2026

The Fed voted to lower the benchmark lending rate by a quarter percentage point

Published 06 Jan, 2026 08:32pm

Companies

SBP shortlists applicants for first cohort of regulatory sandbox

The bank invited applications under three themes: technology-enabled solutions for inward remittances, open banking, and remote onboarding of merchants

Published 06 Jan, 2026 07:08pm

Commodities

Copper sets record high after fresh mine disruptions, nickel surges

Benchmark three-month copper on the London Metal Exchange rose as much as 3.1% to $13,487.50 a metric ton

Published 06 Jan, 2026 05:42pm

Stocks

IT, communication services stocks help extend Sri Lanka’s equity rally

CSE All-Share index settled 1.21% higher at 23,292.91 points

Published 06 Jan, 2026 05:37pm

Companies

Indian conglomerate Adani Enterprises’ public bond issue oversubscribed at launch, sources say

Indian firms issued 34 public bonds in 2025, raising an aggregate of 72.56 billion Indian rupees

Published 06 Jan, 2026 04:50pm

Financial

India bonds rebound after market absorbs hefty state supply

Benchmark 10-year yield settled at 6.6137%, against the previous close of 6.6331%

Published 06 Jan, 2026 04:44pm

Technology

Pakistan’s startup funding rises to $36.6mn in 2025, still below peak levels

Average disclosed equity deal size stood at roughly $3.7 million, according to Data Darbar

Updated 07 Jan, 2026 02:36pm

Commodities

Palm oil slips on stronger ringgit, while firmer rivals cap losses

Dalian’s most-active soyoil contract rose 0.71%, while its palm oil contract added 0.09%

Published 06 Jan, 2026 04:37pm

Markets

India’s services sector growth hits 11-month low in December, PMI shows

BENGALURU: India’s services sector expansion slowed to its weakest pace in 11 months in December as new business...

Published 06 Jan, 2026 04:33pm

Markets

Indian retail auto sales jump in December as tax cut fuels demand

Retail sales grew 2.1%. For the full year, overall sales were up 7.7% at 28.16 million units

Published 06 Jan, 2026 04:26pm

Markets

India probe finds Tata Steel, JSW Steel, SAIL breached antitrust law, regulatory order shows

CCI investigation has “found the conduct of the parties to be in contravention” of Indian antitrust law and “certain individuals have also been held liable

Published 06 Jan, 2026 04:20pm

Currency

Indian rupee breaks four-day losing streak, hedging from importers trims gains

Indian rupee ended 0.1% higher at 90.1650

Published 06 Jan, 2026 04:13pm

Stocks

Indian shares slip from near record highs as Reliance, HDFC Bank weigh

Nifty 50 fell 0.27% to 26,178.7 and the Sensex lost 0.44% to 85,063.34

Published 06 Jan, 2026 04:09pm

Asia

Afghan trade resilient in 2025 as Iran, Central Asia routes offset Pakistan closures

The stability came even as tensions with Islamabad disrupted established transit corridors

Published 06 Jan, 2026 03:59pm

Money & Banking

UBL enters four-billion-dollar club, becomes Pakistan’s largest-listed company

The bank's market capitalisation has crossed $4.5 billion

Updated 06 Jan, 2026 10:56pm

Companies

Treet Corp revises launch date for two personal care brands

Will now launch after the first week of Ramadan

Updated 06 Jan, 2026 02:02pm

Markets

Nvidia CEO Huang says next generation of chips is in full production

The technology, which is key to linking together thousands of machines into one, competes with offerings from Broadcom and Cisco Systems

Published 06 Jan, 2026 12:49pm

Commodities

Gold per tola gains Rs3,200 in Pakistan

Reaches Rs467,962 during the day

Published 06 Jan, 2026 12:47pm

Markets

Sony Honda Mobility unveils new prototype EV at CES in Las Vegas

The Trump administration has pulled back EV-friendly policies, including removing a $7,500 tax credit, that have hurt consumer interest in such vehicles

Published 06 Jan, 2026 12:45pm

Energy

India’s January Russian oil imports may fall sharply as Reliance expects no deliveries

The two countries are currently negotiating a potential trade deal in talks that have been fraught at times

Published 06 Jan, 2026 12:41pm

Mutual Funds

Philippines raises $846mn from T-bond offer

BTr fully awards 50 billion pesos

Published 06 Jan, 2026 12:12pm

Energy

Eni, Repsol struggle to recover $6 billion in gas payments from Venezuela, FT reports

Eni, Repsol, and the US Treasury did not immediately respond to Reuters' request for a comment. Reuters could not immediately verify the report

Published 06 Jan, 2026 12:07pm

Forex

South African rand gains on softer dollar; traders eye business activity PMI

The rand traded at 16.3350 against the dollar, up roughly 0.2% on Monday's close

Published 06 Jan, 2026 11:51am

Technology

Secure Logisitcs acquires FinTech software

Adds the FinTech category to LogiServe’s existing Special Technology Zones Authority (STZA) license

Published 06 Jan, 2026 11:33am

Bullion Rate

Gold hits one-week high on Fed rate-cut bets, Venezuela turmoil

Spot gold was up 0.4% at $4,465.32 per ounce

Published 06 Jan, 2026 11:26am

Forex

Yuan hovers near 32-month high as China’s central bank signals to slow rally

The onshore yuan rose to a high of 6.9809 per dollar

Published 06 Jan, 2026 11:02am

Stocks

China stocks hit decade high as metals, financials rally

The Shanghai Composite Index touched its highest level since July 2015

Published 06 Jan, 2026 10:59am

Forex

Australia, NZ dollars ride rally in risk assets, eye CPI

A break of the recent 14-month top at $0.6727 would open the way to bull targets at $0.6793 and $0.6943

Published 06 Jan, 2026 10:55am

Stocks

Japanese shares rise as energy, financial stocks track US peers’ rally

The Nikkei was up 0.6% at 52,141.68

Published 06 Jan, 2026 10:52am

Companies

Pakistan’s antimony metal draws interest from US miner Nova Minerals

Nova Minerals Limited, a US-based mining exploration and development company listed on the ASX and NASDAQ, has...

Updated 06 Jan, 2026 04:03pm

Mutual Funds

Indian bonds set to open lower ahead of hefty state debt sale

The benchmark 10-year yield is expected to drift in a 6.61% to 6.65% band until the state debt auction

Published 06 Jan, 2026 10:37am

Forex

Indian rupee may see marginal relief on dollar pullback, lower US yields

The 1-month non-deliverable forward indicated the rupee is set to open in the 90.20-90.24 range against the US dollar

Published 06 Jan, 2026 10:34am

Stocks

Indian shares likely to open higher on earnings growth optimism

The Gift Nifty futures were trading at 26,404.5 points

Published 06 Jan, 2026 10:32am

Stocks

Australian shares flat as rate-sensitive sectors drag, inflation data in focus

The S&P/ASX 200 index was down 0.03% at 8,726.10

Published 06 Jan, 2026 10:27am

Stocks

Asian stocks extend record rally while oil, dollar drift

Taiwan's Taiex rallied 1% and South Korea's KOSPI advanced 0.7%, with both reaching all-time highs

Published 06 Jan, 2026 10:25am

Forex

Pressure heaps on dollar as Venezuela fear gives way to optimism

The New Zealand dollar was last up 0.2% at $0.5798

Published 06 Jan, 2026 10:22am

Energy

Oil dips on ample supply outlook, market weighs Venezuelan output

Brent crude futures fell 0.2%, or 14 cents, to $61.62 a barrel

Updated 06 Jan, 2026 12:25pm

Exchange

Rupee registers improvement against US dollar

Currency settles at 280.07 against the greenback

Updated 06 Jan, 2026 08:15pm

Stocks

Stocks hit record, KSE-100 settles above 185,000

Benchmark index gains over 2,600 points on Tuesday

Updated 06 Jan, 2026 05:38pm

Companies

Asif Inam assumes chairmanship of SSGC board

Sui Southern Gas Company Limited (SSGC) has appointed Asif Inam as Chairman of its Board of Directors. The listed...

Published 06 Jan, 2026 09:36am

Business & Finance

Trust deeds, REIT schemes: SECP streamlines procedures

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has streamlined procedures for the registration...

Published 06 Jan, 2026 06:24am

Business & Finance

Domestic consumers being provided enhanced gas supply, minister told

ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik chaired a meeting to review the gas supply situation,...

Published 06 Jan, 2026 05:46am

Business & Finance

PKCERT, Kaspersky sign MoU to enhance cybersecurity posture

ISLAMABAD: The National Computer Emergency Response Team of Pakistan (PKCERT), Government of Pakistan, and global...

Published 06 Jan, 2026 05:46am

Business & Finance

Solar system: Chinese firm arrives to provide hi-tech storage solutions

KARACHI: Renowned Chinese micro-inverter manufacturer Hoymiles has entered Pakistan to provide high-tech and...

Published 06 Jan, 2026 05:46am

Business & Finance

Fake TTS stamps: Trucks carrying 1,800 bags of sugar detained

KARACHI: The Regional Tax Office (RTO)-II, Karachi, in coordination with Inland Revenue Intelligence &...

Published 06 Jan, 2026 05:46am

Business & Finance

SAI tells KE many industries not getting power supply

KARACHI: On receiving numerous complaints from member industries regarding no power supply for 10-15 days, the SITE...

Published 06 Jan, 2026 05:46am

Companies

EFU Life gets AM1(p) rating by VIS

KARACHI: EFU Life Assurance Ltd., Pakistan’s leading Life & Health insurer and Family Takaful operator, has been...

Published 06 Jan, 2026 05:46am

Pakistan

PFMA urges Punjab CM to order assessment of wheat flour prices

LAHORE: Central Chairman Pakistan Flour Mills Association (PFMA) Badrudin Kakar has asked the Chief Minister Punjab...

Updated 06 Jan, 2026 07:22am

Business & Finance

LCCI to hold SME Finance, Banking Expo on 8th

LAHORE: While taking a giant leap towards development of SMEs, the Lahore Chamber of Commerce and Industry (LCCI) is...

Published 06 Jan, 2026 05:46am

Business & Finance

PCJCCI underscores growing importance of GB under CPEC

LAHORE: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has underscored the growing strategic and...

Published 06 Jan, 2026 05:46am

Business & Finance

Punjab may adopt waste-to-energy models adopted by China, Japan

LAHORE: The Suthra Punjab Authority is considering adopting the waste-to-energy models used in China and Japan as...

Published 06 Jan, 2026 05:46am

Business & Finance

PRA to establish 100 new sectors to expand tax net

LAHORE: The Punjab Revenue Authority (PRA) is considering a proposal to establish 100 new sectors aimed at expanding...

Published 06 Jan, 2026 05:46am

Business & Finance

FPCCI president underscores need for increasing exports

LAHORE: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Atif Ikram Sheikh, has...

Published 06 Jan, 2026 05:46am

Business & Finance

‘Think tank slams Pakistan’s economic growth claims’: a rejoinder

This is apropos a news item titled “Think tank slams Pakistan’s economic growth claims” carried by Business Recorder...

Updated 06 Jan, 2026 06:54am

Business & Finance

Sindh cabinet panel reviews financial situation, uplift projects

KARACHI: A meeting of the Sindh Cabinet’s Finance Committee was held on Monday. The meeting was attended by...

Published 06 Jan, 2026 05:46am

Business & Finance

Senate panel for effective regulation to curb medicine price hikes

ISLAMABAD: A parliamentary body on Monday voiced serious concern over the continuous rise in medicine prices and...

Published 06 Jan, 2026 05:46am

Taxes

FBR imposes penalty on RTO tax official

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a major penalty on a tax official of Regional Tax Office...

Published 06 Jan, 2026 05:46am

Business & Finance

Demand to harness vast clean energy potential

KARACHI: A strong call to urgently harness Pakistan’s vast clean energy potential—particularly its abundantly...

Published 06 Jan, 2026 05:46am

Business & Finance

FPCCI criticizes cut in solar net metering rate

KARACHI: Aman Pracha, Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has...

Published 06 Jan, 2026 05:46am

Business & Finance

QWP rejects govt’s claims on economic growth, concerns over rising inflation

PESHAWAR: Qaumi Watan Party (QWP) provincial Chairman Sikandar Hayat Khan Sherpao on Monday rejected the federal...

Published 06 Jan, 2026 05:46am

Taxes

Grievance redressal mechanism: FTO says taxpayers be given easy access

ISLAMABAD: Federal Tax Ombudsman Zafar ul Haq Hijazi Monday conveyed to the Forum of Pakistan Ombudsman (FPO) that...

Published 06 Jan, 2026 05:46am

Business & Finance

More than 145 countries agree on update to global minimum tax deal

PARIS: More than 145 countries agreed on Monday to amend a 2021 global minimum corporate tax agreement, addressing...

Published 06 Jan, 2026 05:46am

Business & Finance

Freelancing sector witnesses 91% growth in 2025

ISLAMABAD: Pakistan’s freelancing sector has seen a remarkable 91 percent growth in 2025, reflecting the rising...

Updated 06 Jan, 2026 07:38am

Business & Finance

APTMA urges Ogra to review RLNG actual sales price for 2015-22

LAHORE: APTMA has approached OGRA seeking rehearing for determination of RLNG actual sales price for the period 2015...

Published 06 Jan, 2026 05:46am

USA

Tariffs may lower inflation, SF Fed research suggests

The Fed kept rates steady last year, worried tariffs would boost inflation

Published 06 Jan, 2026 12:31am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 30	278.01
USD PKR Interbank Buying / Jul 30	277.81
USD to Japanese Yen / Jul 30	160.63
USD to Swiss Franc / Jul 30	0.81
Pound Sterling to USD / Jul 30	1.35
Euro to USD / Jul 30	1.15
SOFR % / Jul 30	3.64

Stock	Volume
S&P 500 / Jul 30	7,437.63
India Sensex / Jul 30	77,928.15
Tokyo Nikkei / Jul 30	61,867.43
Nasdaq / Jul 30	25,122.18
Hang Seng / Jul 30	25,858.88
FTSE 100 / Jul 30	10,897.27
Dow Jones / Jul 30	52,208.06
Germany DAX 30 / Jul 30	25,612.03
France CAC40 / Jul 30	8,485.64

Item	Value
Crude Oil USD/Barrel / Jul 30	84.08
Karachi Cotton PKR/37.32 KG / Jul 30	18,480
Gold 10 Grams PKR / Jul 30	366,457
Gold Spot USD/Ounce / Jul 30	4,092.50
Cotton US¢/pound / Jul 30	80.67
Petrol/Litre / Jul 31	335.06
Diesel/Litre / Jul 31	390.62

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jul 30 Wasl Mobility Modaraba(WASL)	6.92 ▲ 1 (16.89%)
Trust Sec.& Brok. / Jul 30 Trust Securities & Brokerage Limited(TSBL)	2.56 ▲ 0.29 (12.78%)
Paramount Spinning / Jul 30 Paramount Spinning Mills Limited(PASM)	12.17 ▲ 1.11 (10.04%)
Cresent Jute / Jul 30 Crescent Jute Products Limited(CJPL)	23.16 ▲ 2.11 (10.02%)
Oilboy Energy / Jul 30 Oilboy Energy Limited(OBOY)	19.65 ▲ 1.79 (10.02%)
Premier Insurance / Jul 30 Premier Insurance Limited(PINL)	12.19 ▲ 1.11 (10.02%)
UDL International / Jul 30 UDL International Limited(UDLI)	20.43 ▲ 1.86 (10.02%)
Trust Mod. / Jul 30 Trust Modaraba(TRSM)	21.99 ▲ 2 (10.01%)
Zahid Jee Textile / Jul 30 Zahidjee Textile Mills Limited(ZAHID)	82.57 ▲ 7.51 (10.01%)
Aisha Steel(ConPS) / Jul 30 Aisha Steel(ConPS)(ASLPS)	35.42 ▲ 3.22 (10%)

Stock	Price
Siddiqsons Tin / Jul 30 Siddiqsons Tin Plate Limited(STPL)	9.16 ▼ -1.02 (-10.02%)
Dadabhoy Cement / Jul 30 Dadabhoy Cement Industries Limited(DBCI)	22.67 ▼ -2.52 (-10%)
Din Tex. / Jul 30 Din Textile Mills Limited(DINT)	67.25 ▼ -5.65 (-7.75%)
Kohat Textile / Jul 30 Kohat Textile Mills Limited(KOHTM)	121.01 ▼ -9.77 (-7.47%)
Habib Insurance / Jul 30 Habib Insurance Company Limited(HICL)	12.23 ▼ -0.93 (-7.07%)
Khairpur Sug. / Jul 30 Khairpur Sugar Mills Limited(KPUS)	1,118.98 ▼ -84.46 (-7.02%)
TPL Trakker Ltd / Jul 30 TPL Trakker Limited(TPLT)	27.40 ▼ -1.95 (-6.64%)
JS Investments / Jul 30 JS Investments Limited(JSIL)	42.81 ▼ -3.02 (-6.59%)
Jubilee Spinning / Jul 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	50 ▼ -3.28 (-6.16%)
Prosperity Weav / Jul 30 Prosperity Weaving Mills Limited(PRWM)	64 ▼ -4.05 (-5.95%)

Stock	Volume
Trust Sec.& Brok. / Jul 30 Trust Securities & Brokerage Limited(TSBL)	174,575,153 ▲ 0.29
WorldCall Telecom / Jul 30 Worldcall Telecom Limited(WTL)	32,204,885 ▲ 0
Pak Int.Bulk / Jul 30 Pakistan International Bulk Terminal(PIBTL)	32,035,684 ▲ 0.23
Cnergyico PK / Jul 30 Cnergyico PK Limited(CNERGY)	28,337,199 ▼ -0.15
Waves Home Appliances / Jul 30 Waves Home Appliances Limited(WAVESAPP)	20,795,264 ▲ 0.14
K-Electric Ltd. / Jul 30 K-Electric Limited(KEL)	18,426,672 ▼ -0.12
Pak Stock Exchange / Jul 30 Pakistan Stock Exchange Limited(PSX)	17,654,219 ▲ 1.79
Siddiqsons Tin / Jul 30 Siddiqsons Tin Plate Limited(STPL)	16,641,180 ▼ -1.02
Oilboy Energy / Jul 30 Oilboy Energy Limited(OBOY)	16,412,491 ▲ 1.79
Bank Al-Falah / Jul 30 Bank Alfalah Limited(BAFL)	15,848,375 ▲ 0.6

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