News Archives for Business & Finance - 2026-03-20

<<>>

Business & Finance - 2026-03-20

Stocks

Wall St slips as Middle East turmoil clouds Fed outlook

Dow Jones Industrial Average fell 110.31 points, or 0.24%, to 45,911.12

Published 20 Mar, 2026 07:51pm

South Asia

Indian gas tankers getting ready to sail through Hormuz, data shows

The two tankers were currently anchored in Gulf waters

Published 20 Mar, 2026 07:46pm

South Asia

India’s Eris launches $14 monthly generic Ozempic shot, among cheapest globally

Natco Pharma, Eris’ partner for the semaglutide launch, priced its lowest 2 mg dose at 1,290 rupees a month

Published 20 Mar, 2026 05:36pm

Financial

Indian lenders pay steepest premium for short-term funds in 6 years as borrowings hit record

The FBIL three-month CD benchmark rate jumped to 7.41%, while the three-month treasury bill yield stood at 5.31%

Published 20 Mar, 2026 05:24pm

Energy

Russian oil set to regain top spot in India after February dip

The sustained reduction in Russian oil imports helped New Delhi secure an interim trade deal with Washington

Published 20 Mar, 2026 05:14pm

Stocks

Sri Lankan shares close higher, but post weekly losses

CSE All-Share index settled 1.85% higher at 20,639.73 points

Published 20 Mar, 2026 05:10pm

Financial

Indian Bank to launch over $500 million infrastructure debt issue next week, MD says

Indian Bank expects the cutoff yield for its upcoming bond issue to be in the 7.11% to 7.24% range

Published 20 Mar, 2026 05:06pm

Commodities

Gujarat clears new Tata Power deal to resume long-term supply

The deal needs approval from the federal power regulator

Published 20 Mar, 2026 05:03pm

Financial

Indian asset managers dump government bonds at record pace on oil shock

Mutual funds have net sold government bonds worth 356 billion Indian rupees ($3.82 billion) so far this month

Published 20 Mar, 2026 04:58pm

Commodities

Aluminium recovers as market weighs disruptions and weaker demand

Benchmark three-month aluminium on the London Metal Exchange was up 0.5% at $3,269 a metric ton

Published 20 Mar, 2026 04:40pm

Forex

Indian rupee sinks past 93 per dollar to record low as Iran war risks deepen

Indian rupee fell more than 1% to 93.7350 against the US dollar

Published 20 Mar, 2026 04:37pm

Stocks

Iran war, HDFC Bank offset value buying as Indian shares log weekly losses

Nifty 50 rose 0.49% to 23,114.50 and the BSE Sensex gained 0.44% to 74,532.96

Published 20 Mar, 2026 04:33pm

Companies

Indian airlines seek fare cap removal as Iran crisis hits operations

Indian airlines are incurring 'huge' revenue losses and face higher operational costs in part because of a jump in jet fuel prices

Published 20 Mar, 2026 04:24pm

Markets

Hyundai to recall over 61,000 Palisade SUVs in US after fatal incident, NHTSA says

The NHTSA said ‌the ⁠second- and third-row power seats in the 2026 model year Palisade SUVs may not detect contact with an occupant or ⁠object as intended

Published 20 Mar, 2026 02:34pm

Commodities

Gold price drops by Rs8,100 per tola in Pakistan

International rate of gold declines by $81 to reach $4,686 per ounce

Published 20 Mar, 2026 01:11pm

Energy

Work from home, avoid air travel to deal with higher energy prices, IEA says

The US-Israel war with Iran has driven up energy prices, causing concerns over inflation across the world

Published 20 Mar, 2026 11:19am

Markets

Australia’s Star Entertainment appoints new group CFO

Star Entertainment ⁠said on Friday it has appointed H.C. ‌Charles (Charlie) ⁠Diao as its ⁠group chief financial ⁠officer

Published 20 Mar, 2026 10:56am

Markets

Virgin Australia to adjust fares to reflect cost pressures

Shares of the company closed 5% lower after dropping as much as 6.2% to their record low level of A$2.42 during the session

Published 20 Mar, 2026 10:54am

Markets

Iran conflict could flip China’s deflation into ‘bad inflation’

Beijing’s deep strategic oil reserves, diversified energy mix ‌and tightly regulated energy market give it a buffer few developed economies enjoy, particularly in Europe

Published 20 Mar, 2026 10:44am

Markets

J.P. Morgan sees ECB hiking rates in April, July on rising inflation risks

The sudden shift comes after ‌the ECB ⁠kept its key interest rate at 2% on Thursday

Published 20 Mar, 2026 10:37am

Stocks

Indian shares stage a partial rebound after steep drop as oil retreats

The Nifty 50 rose 1.05% to 23,243.85 and the BSE Sensex gained 1.02% to 74,958.69

Published 20 Mar, 2026 09:50am

Forex

Indian rupee hits record low as Iran war-spurred economic risks mount

The rupee fell to 92.92 against the US ⁠dollar, eclipsing its previous low of 92.63 hit on Wednesday

Published 20 Mar, 2026 09:43am

Bullion Rate

Gold set for third weekly fall on hawkish US Fed, elevated dollar

Spot gold rose 1.1% to $4,700.97 per ounce
Spot silver gained 1.5% to $73.91 per ounce
US gold futures for April delivery rose 2.1% to $4,701.30.

Updated 21 Mar, 2026 02:28pm

Forex

Dollar toppled as oil shock turns central banks hawkish

The yen , which steadied around 157.88, has gained 1.2% and sterling
The euro , marginally softer at $1.1569 in the Asia morning, is up 1.4% for the week

Updated 21 Mar, 2026 02:27pm

Energy

Oil up despite efforts by US, allies to boost supply and open Strait of Hormuz

Brent futures rose $1.67, or 1.5%, to $110.32 a barrel
US WTI crude added 33 cents, or 0.3%, to $96.47

Updated 20 Mar, 2026 04:51pm

Pakistan

Pakistan becomes highly vulnerable to global energy shocks: PIDE

ISLAMABAD: Nearly one-fifth of the world’s oil supply passes through the Strait of Hormuz, making Pakistan highly...

Published 20 Mar, 2026 07:37am

Pakistan

Closure of Strait of Hormuz poses threat to global foods security: Bostan

KARACHI: The Exchange Companies Association of Pakistan (ECAP) has raised a red flag over the escalating global...

Published 20 Mar, 2026 07:31am

Companies

FFC holds first Corporate Briefing for FY26

ISLAMABAD: Fauji Fertilizer Company (FFC) successfully conducted its first Corporate Briefing for the year 2026,...

Published 20 Mar, 2026 07:21am

Pakistan

Punjab govt determined to design tech plan for business services

LAHORE: Chairperson of the CM Punjab Task Force on Skills Development Adnan Afzal Chattha has said that the Punjab...

Published 20 Mar, 2026 07:14am

World

US mulls lifting sanctions on Iranian oil at sea

WASHINGTON: US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil...

Published 20 Mar, 2026 07:03am

Business & Finance

Central banks stand ready to tackle war-led inflation

LONDON/FRANKFURT: Top central banks said on Thursday they stood ready to tackle any surge in inflation with tighter...

Published 20 Mar, 2026 06:59am

Business & Finance

Petrol prices soar, hybrid and EV sales surge

ISLAMABAD: With petrol prices in Pakistan hovering above Rs320 per litre, the economics of driving a sport utility...

Published 20 Mar, 2026 06:46am

Energy

Brent falls USD11 from session high

HOUSTON: Brent crude was up on Thursday but well off session highs of USD119 a barrel while US crude futures...

Published 20 Mar, 2026 06:15am

Business & Finance

PQA establishes export facilitation desk

ISLAMABAD: The Port Qasim Authority (PQA) has established an export facilitation desk aimed at addressing exporters’...

Published 20 Mar, 2026 06:15am

Companies

MMC delivers 100 BYD Atto 2 vehicles nationwide in single day

KARACHI: The Mega Motor Company (MMC), the official partner of Chinese electric vehicle giant BYD in Pakistan, has...

Published 20 Mar, 2026 06:15am

Companies

PTML (Ufone) enters 5G race with largest share of global standard 3.5GHz spectrum

KARACHI: Pakistani telecom operator, Pak Telecom Mobile Limited (PTML), operating as Ufone, has formally entered...

Published 20 Mar, 2026 06:15am

Money & Banking

Bank of England holds interest rate amid Middle East war

LONDON: The Bank of England left its benchmark interest rate at 3.75 percent on Thursday as it monitors the...

Published 20 Mar, 2026 02:31am

Money & Banking

US regulators release proposals to ease capital rules for banks

WASHINGTON: US financial regulators released proposals Thursday to loosen some planned capital rules for banks,...

Published 20 Mar, 2026 02:29am

Middle East

Middle East war weighs on global trade outlook: WTO

GENEVA: The Middle East war could weigh heavily on already slowing global trade, the WTO warned Thursday, with...

Published 20 Mar, 2026 02:26am

Energy

Gulf energy attacks ‘unacceptable’, India says as supply fears mount

NEW DELHI: India condemned strikes on energy facilities in the Gulf as “unacceptable” on Thursday, warning they risk...

Published 20 Mar, 2026 02:20am

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
Media Times Ltd / Jul 24 Media Times Limited(MDTL)	6.38 ▲ 1 (18.59%)
First Punjab Modaraba / Jul 24 First Punjab Modaraba(FPJM)	10.44 ▲ 0.97 (10.24%)
First Fid. Leasing / Jul 24 First Fidelity Leasing Modaraba(FFLM)	14.92 ▲ 1.36 (10.03%)
First IBL Mod. / Jul 24 First IBL Modaraba(FIBLM)	15.15 ▲ 1.38 (10.02%)
Metro Steel / Jul 24 Metropolitan Steel Corporation Limited(MSCL)	22.41 ▲ 2.04 (10.01%)
UDL International / Jul 24 UDL International Limited(UDLI)	21.77 ▲ 1.98 (10.01%)
Asia Ins. / Jul 24 Asia Insurance Company Limited(ASIC)	54.95 ▲ 5 (10.01%)
Olympia Mills / Jul 24 Olympia Mills Limited(OML)	173.26 ▲ 15.75 (10%)
Fateh Sports / Jul 24 Fateh Sports Wear Limited(FSWL)	172.68 ▲ 15.7 (10%)
Ashfaq Textile / Jul 24 Ashfaq Textile Mills Limited(ASHT)	31.49 ▲ 2.86 (9.99%)

Stock	Price
Khairpur Sug. / Jul 24 Khairpur Sugar Mills Limited(KPUS)	1,105.08 ▼ -122.79 (-10%)
Shadman Cotton / Jul 24 Shadman Cotton Mills Limited(SHCM)	52.81 ▼ -5.84 (-9.96%)
Shams Textile / Jul 24 Shams Textile Mills Limited(STML)	53.26 ▼ -5.88 (-9.94%)
Power Cem(Pref) / Jul 24 Power Cement (Pref)(POWERPS)	23.51 ▼ -2.54 (-9.75%)
Janana De Malucho / Jul 24 Janana De Malucho Textile Mills Limited(JDMT)	139.77 ▼ -14.79 (-9.57%)
East West Ins. / Jul 24 East West Insurance Company Limited(EWIC)	48.10 ▼ -4.36 (-8.31%)
Elahi Cotton / Jul 24 Elahi Cotton Mills Limited(ELCM)	208.50 ▼ -18.84 (-8.29%)
J.A.Textile / Jul 24 J.A. Textile Mills Limited(JATM)	32.13 ▼ -2.85 (-8.15%)
Suhail Jute / Jul 24 Suhail Jute Mills Limited(SUHJ)	201.90 ▼ -17.58 (-8.01%)
Lotte Chemical / Jul 24 Lotte Chemical Pakistan Limited(LOTCHEM)	26.81 ▼ -2.31 (-7.93%)

Stock	Volume
Cnergyico PK / Jul 24 Cnergyico PK Limited(CNERGY)	59,327,773 ▲ 0.19
Trust Sec.& Brok. / Jul 24 Trust Securities & Brokerage Limited(TSBL)	36,977,902 ▲ 0
Kohinoor Spinning / Jul 24 Kohinoor Spinning Mills Limited(KOSM)	32,626,744 ▲ 0.51
Pak Refinery / Jul 24 Pakistan Refinery Limited(PRL)	24,565,429 ▲ 0.6
WorldCall Telecom / Jul 24 Worldcall Telecom Limited(WTL)	21,618,473 ▲ 0.01
B.O.Punjab / Jul 24 The Bank of Punjab(BOP)	20,591,638 ▼ -0.34
TPL Properties / Jul 24 TPL Properties Limited(TPLP)	19,232,151 ▼ -0.25
K-Electric Ltd. / Jul 24 K-Electric Limited(KEL)	18,140,027 ▲ 0.08
Media Times Ltd / Jul 24 Media Times Limited(MDTL)	15,731,176 ▲ 1
Waves Home Appliances / Jul 24 Waves Home Appliances Limited(WAVESAPP)	13,338,005 ▲ 0.56

Most Popular