News Archives for Business & Finance - 2026-03-12

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Business & Finance - 2026-03-12

Stocks

Most Gulf equities in red as Iran escalates regional attacks

Dubai’s main share index fell 3.6%
Abu Dhabi, the index dropped 2.3%

Published 12 Mar, 2026 09:49pm

Stocks

Wall St falls over 1% on Middle East tensions, private credit concerns

S&P 500 airline stocks, highly sensitive to fuel costs, fell 3.7%

Published 12 Mar, 2026 09:45pm

Energy

Oil unlikely to hit $200 a barrel, US energy chief says

Oil prices jumped more than 9% to nearly $100 a barrel

Published 12 Mar, 2026 09:37pm

Markets

5G pilot projects to begin in Pakistan’s major cities next week: IT minister

Pakistan raises over $500 million via 5G spectrum auction

Published 12 Mar, 2026 09:11pm

Markets

CCP authorises Maple Leaf Cement’s acquisition of shares in Faysal Bank

The Competition Commission of Pakistan (CCP) has authorised the acquisition of shares of Faysal Bank Limited by...

Published 12 Mar, 2026 08:46pm

Energy

How persistently high oil prices could impact India’s vulnerable economy

India is considered to be among the most vulnerable to a global oil shock as it imports nearly 90% of its crude requirements

Published 12 Mar, 2026 08:21pm

South Asia

Iran war unsettles India’s packaged water makers as bottles, caps get pricey

Consumers usually pay less than 20 Indian rupees, or around 20 U.S. cents, for a one-litre bottle

Published 12 Mar, 2026 08:17pm

Energy

Induction stoves fly off shelves in India as gas shortage fears spark panic buying

Induction stove sales on Amazon India have jumped more ⁠than 30-fold

Published 12 Mar, 2026 08:12pm

Markets

US trade gap narrows more than expected in January

WASHINGTON: The US trade deficit shrank more than analysts expected in January on an exports boost, official data...

Published 12 Mar, 2026 07:22pm

Business & Finance

SBP-held foreign reserves rise $41mn to $16.34bn

Total liquid foreign exchange reserves stand at $21.6 billion

Published 12 Mar, 2026 06:35pm

Commodities

India’s Feb palm oil imports jump 11% to six-month high on price discount

Palm oil imports in February rose to 847,689 metric tons

Published 12 Mar, 2026 05:52pm

Energy

Bangladesh secures spot LNG cargoes as costs soar, seeks Indian oil

If the disruption drags on, we’ll have to lean more on costly spot LNG, which will add to our import burden and tighten supplies for power and industry

Published 12 Mar, 2026 05:43pm

Stocks

Broad losses drag Sri Lankan shares lower

CSE All Share index settled down 1.63% at 21,988.12

Published 12 Mar, 2026 05:33pm

Forex

Indian rupee trims losses after hitting record low, all eyes on oil prices

Asian stocks fell 1%, while India’s benchmark Nifty 50 by nearly the same amount

Published 12 Mar, 2026 05:27pm

Stocks

Indian shares drop for second session on raging Mideast war; power stocks buck trend

Nifty 50 fell 0.95% to 23,639.15, while the BSE Sensex lost 1.08% to 76,034.42

Published 12 Mar, 2026 05:23pm

South Asia

India’s February retail inflation accelerates to 3.21% y/y

The key price gauge stayed below the Reserve Bank of India’s target of 4%

Published 12 Mar, 2026 05:21pm

Commodities

Palm tracks gains in Dalian and Chicago rival oils, stronger crude

Benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 42 ringgit

Published 12 Mar, 2026 05:17pm

Commodities

Indonesia 2025 crude palm oil output up 7.3% to 51.7 million tons, association says

Palm oil stocks at the end of 2025 stood at 2.07 million metric tons

Published 12 Mar, 2026 05:15pm

Energy

Iran to allow India-flagged tankers through Hormuz as first tanker arrives, says Indian source

Two other foreign-flagged tankers believed to be bound for India had recently transited the Strait

Published 12 Mar, 2026 05:12pm

Energy

India’s non-Hormuz crude sourcing has increased to 70% of imports, oil minister says

India’s petrol and diesel availability is also fully secure and liquid natural gas cargoes are arriving almost daily

Published 12 Mar, 2026 04:58pm

Stocks

India’s NSE selects 20 merchant bankers for proposed IPO

List involves almost every investment banker active in the Indian ecosystem

Published 12 Mar, 2026 04:53pm

Commodities

Indian rice exports slow as Middle East war pushes up freight and insurance costs

Shippers are adding war surcharges and emergency fuel surcharges

Published 12 Mar, 2026 04:48pm

Exchange

Rupee records gain against US dollar

Currency settles at 279.32

Updated 12 Mar, 2026 08:16pm

Bullion Rate

Gold price drops by Rs2,900 per tola in Pakistan

International rate of gold declines by $29 to reach $5,176 per ounce

Published 12 Mar, 2026 02:44pm

Stocks

European shares decline as oil surge fuels inflation worries

The pan-European benchmark STOXX 600 fell 0.5% to 599 points

Published 12 Mar, 2026 01:53pm

Companies

Pakistani tech firm expands globally via Telna partnership

Zuma Resources Ltd — formerly known as Bilal Fibres Limited — has taken a significant step toward expanding its...

Published 12 Mar, 2026 01:53pm

Business & Finance

New feeder service to serve KGTL, strengthens maritime connectivity between Pakistan, UAE

Inaugural voyage arrived at KGTL on the evening of 11 March

Published 12 Mar, 2026 01:40pm

Markets

BMW profit holds up despite Trump tariffs, China woes

German carmaker BMW reported a three percent fall in annual profit on Thursday

Published 12 Mar, 2026 01:38pm

Business & Finance

Soneri Bank re-elects Amin A. Feerasta as chairman

Soneri Bank re-elected on Thursday Amin A. Feerasta as Chairman of the Board. The bank shared the information in a...

Published 12 Mar, 2026 01:16pm

Companies

The energy map in 2026: OPEC+ and the custodial crude paradox

Oil markets are no longer defined by simple shifts in supply and demand. While physical balances still matter, price...

Published 12 Mar, 2026 12:39pm

Companies

Mohsin Ali Mangi appointed MD & CEO of Pakistan Refinery Limited

Mohsin Ali Mangi has been appointed as the Managing Director and Chief Executive Officer (CEO) of Pakistan Refinery...

Published 12 Mar, 2026 12:31pm

Stocks

South Korean shares fall after two-day rebound as chipmakers drag

The benchmark KOSPI was down 27.52 points, or 0.49%, at 5,582.43

Published 12 Mar, 2026 12:29pm

Commodities

Aluminium extends gains as supply concerns amid Mideast conflict linger

The most-traded aluminium contract on the Shanghai Futures Exchange rose 1.25% to 25,460 yuan per metric ton

Published 12 Mar, 2026 12:27pm

Energy

Bangladesh secures spot LNG cargoes as Mideast conflict lifts costs

Bangladesh has bought three liquefied natural gas cargoes on the spot market at higher prices

Published 12 Mar, 2026 12:03pm

Technology

Pakistani entrepreneur Suha Lalani named among Inc. Female Founders 500

Pakistani entrepreneurs are gaining international recognition, as Suha Suleman Lalani, co-founder of PinkDetect, was...

Published 12 Mar, 2026 11:47am

Energy

China orders immediate ban on March fuel exports, sources say

The ban, issued by the National Development & Reform Commission, includes shipments of gasoline, diesel and aviation fuel

Published 12 Mar, 2026 11:20am

Markets

Goldman Sachs pushes back Fed rate cut forecast amid Mideast conflict

The US bank had earlier projected rate cuts beginning in June, followed by another reduction in September

Published 12 Mar, 2026 11:15am

Commodities

Iron ore climbs as Hebei mills resume output; auto weakness caps upside

The most-traded May iron ore contract on China's Dalian Commodity Exchange traded 1.15% higher at 794 yuan a metric ton

Published 12 Mar, 2026 11:07am

Commodities

Palm tracks rival Dalian oils, crude prices higher

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 92 ringgit, or 2.04%, to 4,591 ringgit a metric ton

Published 12 Mar, 2026 10:55am

Markets

Nissan, Uber, Wayve unveil robotaxi tie-up

Uber plans to launch the service through a licensed taxi partner in Japan

Published 12 Mar, 2026 10:53am

Commodities

Chicago soybeans continue gains on rising soyoil prices

Chicago soybean futures rallied for a third straight session on Thursday

Published 12 Mar, 2026 10:51am

Markets

US opens new unfair-trade probes to rebuild Trump’s tariff pressure

Investigation could lead to ‌new tariffs imposed against China, the European Union, India, Japan, South Korea and Mexico by this summer

Published 12 Mar, 2026 10:48am

Forex

Yuan dips as safe-haven dollar firms; trade-weighted gauge stays resilient

The spot yuan opened at 6.8750 per dollar and last traded at 6.8773

Published 12 Mar, 2026 10:43am

Stocks

China, HK stocks down as escalating Middle East conflict sap sentiment

Hong Kong benchmark Hang Seng was down 1.2%

Published 12 Mar, 2026 10:41am

Forex

Australia dollar restrained by risk aversion, supported by rates

The kiwi dollar again lagged at $0.5896, in part because it was being sold heavily against the Aussie which climbed to a 13-year top at NZ$1.2110

Published 12 Mar, 2026 10:38am

Stocks

Australian shares slip as oil surge fuels inflation fears

The S&P/ASX 200 index was down 1.3% at 8,633.10

Published 12 Mar, 2026 10:36am

Stocks

Japan’s Nikkei falls as oil climbs on prolonged Middle East conflict

The Nikkei was down 1.3% at 54,323.47

Published 12 Mar, 2026 10:33am

Markets

Qatar keen on boosting rice imports from Pakistan

Projects such as Karachi port expansion and other strategic initiatives were highlighted as potential areas for collaboration

Published 12 Mar, 2026 10:32am

Mutual Funds

Spike in oil, US yields seen dragging Indian bonds lower

The benchmark 6.48% 2035 bond yield will likely hover between 6.63% and 6.69%

Published 12 Mar, 2026 10:20am

Stocks

Selling grips bourse, KSE-100 sheds over 1,400 points

Benchmark index settles at 154,421.43

Updated 12 Mar, 2026 03:22pm

Markets

’Considerable progress’ made in Pakistan talks, says IMF

Programme implementation under the EFF remained broadly aligned with the authorities’ commitments, adds the IMF mission chief

Updated 12 Mar, 2026 05:12pm

Bullion Rate

Gold steady as dip‑buying offsets firm dollar, US inflation woes

Spot gold was down 0.1% at $5,172.86 per ounce

Published 12 Mar, 2026 08:35am

Stocks

Indian shares set to open lower as Iran ship attacks send oil soaring

*GIFT Nifty futures were trading at 23,784.50

Published 12 Mar, 2026 08:29am

Forex

Indian rupee under pressure after oil resumes rally on Iran tanker attack

The ‌1-month non-deliverable forward indicated the rupee is likely to open in the 92.18-92.22 range versus the US dollar, having settled at 92.04 on Wednesday

Published 12 Mar, 2026 08:24am

Stocks

Shares skid, oil surges again as Iran attacks Gulf shipping

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8%

Published 12 Mar, 2026 08:20am

Forex

US dollar hovers near 2026 highs as oil’s rise spurs hawkish central bank bets

The euro fell 0.1% against the greenback to $1.1549 in early Asian ‌trading, nearing its lowest level since November

Published 12 Mar, 2026 08:14am

Energy

Oil gains 9% as Iran says Strait of Hormuz closure to continue

Brent futures extended gains to climb up $8.05, or 8.8%
US West Texas Intermediate crude climbed $8

Updated 12 Mar, 2026 09:30pm

Companies

Shell declares force majeure to clients who buy Qatari LNG

LONDON: Shell, the world’s largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys...

Published 12 Mar, 2026 02:14am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 24	278.07
USD PKR Interbank Buying / Jul 24	277.87
USD to Japanese Yen / Jul 27	163.55
USD to Swiss Franc / Jul 27	0.81
Pound Sterling to USD / Jul 27	1.34
Euro to USD / Jul 27	1.14
SOFR % / Jul 24	3.57

Stock	Volume
S&P 500 / Jul 24	7,411.98
Nasdaq / Jul 24	24,975.82
Dow Jones / Jul 24	51,947.25
India Sensex / Jul 27	76,744.88
Tokyo Nikkei / Jul 27	64,771.01
Hang Seng / Jul 27	25,112.38
FTSE 100 / Jul 27	10,773.82
Germany DAX 30 / Jul 27	25,432.98
France CAC40 / Jul 27	8,448.93

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 24	18,680
Gold 10 Grams PKR / Jul 24	366,457
Petrol/Litre / Jul 27	335.18
Crude Oil USD/Barrel / Jul 27	83.71
Gold Spot USD/Ounce / Jul 27	4,095.93
Diesel/Litre / Jul 27	383.46
Cotton US¢/pound / Jul 27	80.58

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	2.60 ▲ 0.36 (16.07%)
Waves Corporation / Jul 27 Waves Corporation Limited(WAVES)	10.95 ▲ 1 (10.05%)
Cresent Jute / Jul 27 Crescent Jute Products Limited(CJPL)	20.41 ▲ 1.86 (10.03%)
First IBL Mod. / Jul 27 First IBL Modaraba(FIBLM)	16.67 ▲ 1.52 (10.03%)
First Tri-Star Mod. / Jul 27 First Tri-Star Modaraba(FTSM)	34.51 ▲ 3.14 (10.01%)
Oilboy Energy / Jul 27 Oilboy Energy Limited(OBOY)	16.71 ▲ 1.52 (10.01%)
Service Textile / Jul 27 Service Industries Textiles Limited(SERT)	47.92 ▲ 4.36 (10.01%)
Thatta Cement / Jul 27 Thatta Cement Company Limited(THCCL)	65.75 ▲ 5.98 (10.01%)
Crescent Cotton / Jul 27 Crescent Cotton Mills Limited(CCM)	55.61 ▲ 5.06 (10.01%)
Ashfaq Textile / Jul 27 Ashfaq Textile Mills Limited(ASHT)	34.64 ▲ 3.15 (10%)

Stock	Price
Olympia Mills / Jul 27 Olympia Mills Limited(OML)	155.93 ▼ -17.33 (-10%)
TPL Insurance / Jul 27 TPL Insurance Limited(TPLI)	80.32 ▼ -8.92 (-10%)
Asia Ins. / Jul 27 Asia Insurance Company Limited(ASIC)	49.46 ▼ -5.49 (-9.99%)
Ahmad Hassan / Jul 27 Ahmad Hassan Textile Mills Limited(AHTM)	99.92 ▼ -10.62 (-9.61%)
Pakistan Credit Rating Agency / Jul 27 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36.02 ▼ -3.6 (-9.09%)
UDL International / Jul 27 UDL International Limited(UDLI)	19.80 ▼ -1.97 (-9.05%)
Premier Sugar / Jul 27 The Premier Sugar Mills(PMRS)	505.79 ▼ -46.94 (-8.49%)
Sally Textile / Jul 27 Sally Textile Mills Limited(SLYT)	16.34 ▼ -1.31 (-7.42%)
The Thal Ind.Corp. / Jul 27 The Thal Industries Corporation Limited(TICL)	1,017.82 ▼ -69.83 (-6.42%)
Karam Ceramics / Jul 27 Karam Ceramics Limited(KCL)	134.64 ▼ -6.73 (-4.76%)

Stock	Volume
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	135,860,213 ▲ 0.03
Trust Sec.& Brok. / Jul 27 Trust Securities & Brokerage Limited(TSBL)	92,629,988 ▲ 0.36
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	81,338,112 ▲ 0.47
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	59,231,062 ▲ 0.33
TPL Properties / Jul 27 TPL Properties Limited(TPLP)	55,234,210 ▲ 0.21
B.O.Punjab / Jul 27 The Bank of Punjab(BOP)	34,964,351 ▲ 1.97
Media Times Ltd / Jul 27 Media Times Limited(MDTL)	28,843,959 ▼ -0.23
TPL Corp Ltd / Jul 27 TPL Corp Limited(TPL)	27,419,235 ▲ 1.32
Maple Leaf Cement / Jul 27 Maple Leaf Cement Factory Limited(MLCF)	25,438,242 ▲ 8.39
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	18,001,733 ▲ 2.37

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