News Archives for Business & Finance - 2026-02-05

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Business & Finance - 2026-02-05

Stocks

Wall St falls as investors digest Alphabet’s capex plans; software shares slide

Shares of the Google parent fell 2.6%
Amazon slipped 3.5% ahead of results

Published 05 Feb, 2026 09:45pm

Stocks

Gulf stocks end lower on weak oil prices; Saudi leads decline

Saudi Arabia’s benchmark stock index fell 1.3%

Published 05 Feb, 2026 06:59pm

Commodities

Asia rice: India prices near one-month high on firm rupee; Thai, Vietnam rates steady

India’s 5% broken parboiled variety was quoted this week at $353-$359 per ton

Published 05 Feb, 2026 06:54pm

Companies

Tata Motors Passenger Vehicles expects JLR recovery, maintains margin target

A cyberattack on JLR, Tata Motors’ luxury unit and Britain’s largest carmaker, hit sales and led to a $177.2mn one-time charge

Published 05 Feb, 2026 06:36pm

Financial

India bonds jump for third day, RBI debt-buying further supports pre-policy mood

Benchmark 6.48% 2035 bond yield ended at 6.6472%

Published 05 Feb, 2026 06:32pm

Stocks

Sri Lankan shares rise as consumer discretionary, financials stocks gain

The CSE All Share index settled up 0.15% at 23,768.99

Published 05 Feb, 2026 06:24pm

Asia

Moody’s cuts Indonesia outlook to negative on governance concerns

Moody’s maintained its Baa2 rating but said the shift to a negative outlook from stable reflected risks to policy effectiveness

Published 05 Feb, 2026 06:20pm

Business & Finance

Pakistan assumes presidency of Digital Corporation Organisation

Pakistan among first five countries, along with Saudi Arabia, Bahrain, Jordan, and Kuwait, which launched DCO in November 2020

Updated 05 Feb, 2026 11:23pm

Commodities

Palm declines on Chicago, Dalian oils pressure, demand concerns

Dalian’s most-active soyoil contract was down 0.52%

Published 05 Feb, 2026 04:45pm

Commodities

Copper dips on stronger dollar, rising inventories

Benchmark three-month copper on the London Metal Exchange was down 0.7% at $12,950 per metric ton

Published 05 Feb, 2026 04:42pm

Currency

Indian rupee edges up on modest inflows; importer hedging curbs gains

Indian rupee closed at 90.3550 per dollar

Published 05 Feb, 2026 04:28pm

Europe

Apple Ads and Apple Maps should not be designated under Digital Markets Act, says EU

These services face significant competition in Europe

Published 05 Feb, 2026 04:07pm

Stocks

Indian shares snap three-day winning streak led by IT, metal losses

Nifty 50 closed 0.52% lower at 25,642.8, while the BSE Sensex lost 0.6% to 83,313.93

Published 05 Feb, 2026 04:01pm

Energy

India exports first fuel to Europe since ban on Russian crude-derived products

The Aframax tanker Liwa-V, chartered by Reliance, offloaded about 390,000 barrels of jet fuel

Published 05 Feb, 2026 03:58pm

Energy

Reliance buys 2mn barrels of Venezuelan oil, traders say

Venezuelan crude for April delivery at a discount of around $6.5-$7 per barrel to ICE Brent

Published 05 Feb, 2026 03:50pm

Stocks

China shares drop on precious metals, tech selloff

The Shanghai Composite index slipped 0.6% to 4,075.92 points

Published 05 Feb, 2026 03:14pm

Forex

Yuan edges lower in tight range as pre-holiday flows ebb

The spot yuan opened at 6.9449 per dollar and was last trading at 6.9458

Published 05 Feb, 2026 03:11pm

Bullion Rate

Silver prices collapse more than 15%, gold down more than 3%

The white metal hit as low as $73.57 an ounce in Asian trade, while gold bullion sank to $4,971.55

Published 05 Feb, 2026 02:34pm

Markets

Maersk says to cut 1,000 jobs as 2025 sales down 2.8%

Maersk's revenue fell to $54.0 billion last year from $55.5 billion in 2024 despite increased volumes

Published 05 Feb, 2026 01:47pm

Energy

Shell profits climb 11% despite falling oil prices

Profit after tax climbed to $17.84 billion in 2025 from $16.1 billion a year earlier

Published 05 Feb, 2026 01:38pm

Pakistan

Pakistan must create 30 million jobs over next decade, World Bank president says

Says failure to do so could fuel "illegal migration or domestic instability"

Updated 05 Feb, 2026 07:32pm

Commodities

Copper slides in broad metals tumble; rising inventories in focus

The most-active copper contract on the Shanghai Futures Exchange closed daytime trading down 3.76% at 100,980 yuan

Published 05 Feb, 2026 12:48pm

Markets

MTN Group in talks to acquire 75% stake in IHS Holdings

The potential deal could be priced near IHS's last trading value on the New York Stock Exchange as of February 4

Published 05 Feb, 2026 12:33pm

Bullion Rate

Precious metals, oil slide as global tensions ease; copper down

Last week, gold climbed to a record high of $5,594.82 an ounce and silver to an all-time high of $121.64
The US dollar index of the greenback’s strength against a basket of six currencies traded near a two-week high
Oil prices , fell about 2% after the US and Iran agreed to hold talks in Oman on Friday

Published 05 Feb, 2026 12:02pm

Currency

Bitcoin slumps with key $70,000 level in sight

Bitcoin tumbled more than 3% in the Asian session to $70,052.38

Published 05 Feb, 2026 11:42am

Markets

Foxconn opens EV R&D hub in central China’s Zhengzhou

The new centre began operations on Wednesday and is set to cut the production cycle for new vehicle models to 24 months, Li said

Published 05 Feb, 2026 11:22am

Markets

Indonesia Q4 GDP growth beats forecast, highest since 2022

The fourth quarter increase was faster than the 5.04% annual growth rate in the third quarter

Published 05 Feb, 2026 11:21am

Commodities

Soybeans rise after Trump’s positive comments on China purchase

The most-active soybean contract on the Chicago Board of Trade was up 0.8% at $11.01-1/2 a bushel

Published 05 Feb, 2026 11:13am

Commodities

Palm flat as weaker ringgit offsets Dalian, Chicago oils pressure

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange gained 1 ringgit, or 0.02%, at 4,226 ringgit a metric ton

Published 05 Feb, 2026 11:10am

Forex

Australia, NZ dollars supported by yield cushion, climb versus yen

Resistance lies at the recent high of $0.60925, with support at $0.5990 and $0.5853

Published 05 Feb, 2026 11:08am

Stocks

Australian shares edge lower as mining, energy stocks weigh

The S&P/ASX 200 index fell 0.1% to touch 8,915.30

Published 05 Feb, 2026 11:03am

Stocks

Japan’s Nikkei falls as tech shares drag; Astellas surges

The benchmark Nikkei 225 Index fell 0.8% to 53,832.26

Published 05 Feb, 2026 11:00am

Forex

Indian rupee treads water, far forward premiums stick to downtrend

Dollar-rupee forward premiums, meanwhile, extended their weekly decline with the 1-year implied yield easing to an over one-month low of 2.39%

Published 05 Feb, 2026 10:58am

Mutual Funds

India bonds rally may taper ahead of RBI debt purchase, rate decision

The benchmark 6.48% 2035 bond yield is likely to trade in 6.67%-6.72% band during the session

Published 05 Feb, 2026 10:56am

Stocks

Indian shares fall after three-day rally; metals, rate-sensitives drag

The Nifty 50 was down 0.31% at 25,696.85

Published 05 Feb, 2026 10:52am

Stocks

Asia shares falter as global tech selloff spooks investors

Chinese blue chips lost 0.7%, while Hong Kong’s Hang Seng index slid 0.8%

Published 05 Feb, 2026 10:43am

Forex

Dollar recovers as central bank decisions loom

The US dollar index, which measures the greenback’s strength against a basket of six currencies

Published 05 Feb, 2026 10:36am

Bullion Rate

Gold rises over 1% as geopolitical, economic tensions lift precious metals

Spot gold was up 1.1% at $5,016.89 per ounce
Spot silver climbed 2.1% to $89.88 an ounce

Updated 05 Feb, 2026 02:07pm

Energy

Oil falls 3% on easing supply concerns after US, Iran agree to talks

Brent crude futures were down $2.33, or 3.35%, at $67.13 per barrel
US WTI crude was down $2.23, or 3.42%, at $62.91

Updated 05 Feb, 2026 09:40pm

Business & Finance

China export boost can help shrink Pakistan’s trade gap: experts

KARACHI: Speakers at a seminar urged Pakistani entrepreneurs and policymakers to focus on increasing exports to...

Updated 05 Feb, 2026 10:38am

Business & Finance

Kazakhstan hints at importing 50,000 tonnes of potatoes

ISLAMABAD: In a significant development, Kazakhstan has signalled strong interest in importing 50,000 tonnes of...

Published 05 Feb, 2026 02:51am

Money & Banking

MCB Bank reports resilient performance with strong capital, dividend payout

LAHORE: MCB Bank Limited is pleased to announce another year of resilient financial performance for the year ended...

Published 05 Feb, 2026 02:51am

Money & Banking

Soneri Bank Ltd announces financial results

KARACHI: The Board of Directors of Soneri Bank Limited, in their 214th meeting held in Karachi on 29th January 2026,...

Published 05 Feb, 2026 02:51am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 28	278.05
USD PKR Interbank Buying / Jul 28	277.85
USD to Japanese Yen / Jul 29	163.55
USD to Swiss Franc / Jul 29	0.82
Pound Sterling to USD / Jul 29	1.33
Euro to USD / Jul 29	1.14
SOFR % / Jul 28	3.64

Stock	Volume
S&P 500 / Jul 28	7,428.78
Nasdaq / Jul 28	24,876.91
Dow Jones / Jul 28	52,747.32
India Sensex / Jul 29	77,603.30
Tokyo Nikkei / Jul 29	61,689.86
Hang Seng / Jul 29	25,684.44
FTSE 100 / Jul 29	10,884.40
Germany DAX 30 / Jul 29	25,391.76
France CAC40 / Jul 29	8,409.58

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 28	18,480
Gold 10 Grams PKR / Jul 28	366,457
Petrol/Litre / Jul 29	335.81
Crude Oil USD/Barrel / Jul 29	82.20
Gold Spot USD/Ounce / Jul 29	4,042.26
Diesel/Litre / Jul 29	388.38
Cotton US¢/pound / Jul 29	80.52

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	10.18 ▲ 1 (10.89%)
Gulistan Sp. / Jul 29 Gulistan Spinning Mills Limited(GUSM)	10.63 ▲ 0.98 (10.16%)
Reliance Ins. / Jul 29 Reliance Insurance Company Limited(RICL)	13.37 ▲ 1.22 (10.04%)
Premier Insurance / Jul 29 Premier Insurance Limited(PINL)	11.08 ▲ 1.01 (10.03%)
786 Invest Ltd / Jul 29 786 Investments Limited(786)	25.80 ▲ 2.35 (10.02%)
Trust Mod. / Jul 29 Trust Modaraba(TRSM)	19.99 ▲ 1.82 (10.02%)
Aisha Steel(ConPS) / Jul 29 Aisha Steel(ConPS)(ASLPS)	32.20 ▲ 2.93 (10.01%)
Prosperity Weav / Jul 29 Prosperity Weaving Mills Limited(PRWM)	68.05 ▲ 6.19 (10.01%)
Ruby Textile / Jul 29 Ruby Textile Mills Limited(RUBY)	18.25 ▲ 1.66 (10.01%)
Dadabhoy Cement / Jul 29 Dadabhoy Cement Industries Limited(DBCI)	25.19 ▲ 2.29 (10%)

Stock	Price
Khairpur Sug. / Jul 29 Khairpur Sugar Mills Limited(KPUS)	1,203.44 ▼ -133.71 (-10%)
Maqbool Textile / Jul 29 Maqbool Textile Mills Limited(MQTM)	29.94 ▼ -3.32 (-9.98%)
National Silk / Jul 29 The National Silk & Rayon Mills Limited(NSRM)	273.85 ▼ -30.25 (-9.95%)
Power Cem(Pref) / Jul 29 Power Cement (Pref)(POWERPS)	23.39 ▼ -2.47 (-9.55%)
Shahtaj Sugar / Jul 29 Shahtaj Sugar Mills Limited(SHJS)	158.50 ▼ -16.16 (-9.25%)
Chashma / Jul 29 Chashma Sugar Mills Limited(CHAS)	90.68 ▼ -8.91 (-8.95%)
Khalid Siraj / Jul 29 Khalid Siraj Textile Mills Limited(KSTM)	13.62 ▼ -1.18 (-7.97%)
First Tri-Star Mod. / Jul 29 First Tri-Star Modaraba(FTSM)	35.05 ▼ -2.91 (-7.67%)
Dewan Automotive Eng. / Jul 29 Dewan Automotive Engineering Limited(DWAE)	21.59 ▼ -1.77 (-7.58%)
Pak Engineering / Jul 29 Pakistan Engineering Company Limited(PECO)	695.64 ▼ -54.36 (-7.25%)

Stock	Volume
Cnergyico PK / Jul 29 Cnergyico PK Limited(CNERGY)	58,656,206 ▼ -0.19
Siddiqsons Tin / Jul 29 Siddiqsons Tin Plate Limited(STPL)	50,224,225 ▲ 1
WorldCall Telecom / Jul 29 Worldcall Telecom Limited(WTL)	48,951,979 ▼ -0.02
Trust Sec.& Brok. / Jul 29 Trust Securities & Brokerage Limited(TSBL)	40,353,000 ▼ -0.03
TPL Properties / Jul 29 TPL Properties Limited(TPLP)	18,561,709 ▲ 0.03
Samba Bank / Jul 29 Samba Bank Limited(SBL)	18,512,128 ▲ 1.04
Maple Leaf Cement / Jul 29 Maple Leaf Cement Factory Limited(MLCF)	18,349,587 ▼ -1.24
Pak Refinery / Jul 29 Pakistan Refinery Limited(PRL)	16,486,569 ▼ -1.78
TPL Corp Ltd / Jul 29 TPL Corp Limited(TPL)	14,771,037 ▼ -0.15
Pak Int.Bulk / Jul 29 Pakistan International Bulk Terminal(PIBTL)	12,828,985 ▲ 0.04

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