News Archives for Business & Finance - 2026-04-23

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Business & Finance - 2026-04-23

Stocks

Wall St muted as Middle East impasse, mixed earnings hurt sentiment

Dow Jones Industrial Average fell 99.59 points, or 0.20%, to 49,388.60

Published 23 Apr, 2026 09:22pm

Stocks

Most Gulf markets retreat on stalled US-Iran peace efforts

Saudi Arabia’s benchmark index fell 1.2%

Published 23 Apr, 2026 07:38pm

Markets

Indian food delivery giant Zomato drops pricing clause after pushback, source says

Eternal’s Zomato app has 24 million consumers and 300,000 listed restaurants

Published 23 Apr, 2026 07:28pm

Commodities

Asia rice: Weaker Indian rupee helps India rates keep steady, Thai rates drop on muted demand

India’s 5% broken parboiled variety was quoted this week at $344 to $350 per metric ton

Published 23 Apr, 2026 07:24pm

Financial

Oil pain drags India 10-year bond to over 2-week low

Benchmark 6.48% 2035 bond yield settled nearly 3 basis points higher at 6.9498%

Published 23 Apr, 2026 07:19pm

Technology

India's Infosys pegs fiscal year 2027 revenue growth at 1.5%-3.5%

Revenue from the financial services segment, its largest, grew 5% in the quarter ended March

Published 23 Apr, 2026 07:11pm

Companies

Tesla's $25 billion spending plan tests investor faith in unproven AI bets

The automaker’s shares were down about 3% in premarket trading

Published 23 Apr, 2026 07:08pm

Forex

India's central bank net bought $7.41 billion in February, bulletin shows

RBI’s net outstanding forward dollar sales stood at $77.67 billion as of end-February

Published 23 Apr, 2026 06:59pm

Business & Finance

SBP-held foreign exchange reserves rise $18mn to $15.10bn

Total liquid forex reserves stand at $20.63bn

Published 23 Apr, 2026 06:56pm

Stocks

IT losses drag Sri Lankan shares lower

CSE All Share index settled 0.32% lower at 22,566.58

Published 23 Apr, 2026 06:54pm

Companies

Huawei to invest $2.6 billion on R&D in smart driving technologies

Huawei plans to spend 70 billion to 80 billion yuan on computing power

Published 23 Apr, 2026 06:51pm

Companies

Netflix boosts share buyback plan by $25 billion after failed Warner Bros bid

The new authorization is on top of a buyback approved in December 2024 and has no expiration date

Published 23 Apr, 2026 06:40pm

Markets

India's inflation risks rise on supply-side disruptions, central bank says

Inflation may have been contained within the tolerance band, but upside risks have increased

Published 23 Apr, 2026 06:32pm

Commodities

Copper slips from multi-week high on Middle East uncertainty

Benchmark three-month copper on the LME dropped 1.4% to $13,243 a metric ton

Published 23 Apr, 2026 04:34pm

Commodities

Palm falls as softer Dalian's palm olein triggers profit-taking

Dalian’s most-active soyoil contract edged up 0.09%

Published 23 Apr, 2026 04:18pm

Forex

Indian rupee bogged down in worst losing streak in 3 months as oil pain persists

Indian rupee closed at 94.1050 against the U.S. dollar, down 0.3%

Published 23 Apr, 2026 04:14pm

Stocks

Indian shares fall as crude drifts above $100; financials, autos lead losses

Nifty 50 lost 0.84% to 24,173.05, while the BSE Sensex shed 1.09% to 77,664

Published 23 Apr, 2026 04:09pm

Money & Banking

Bank Alfalah secures SBP’s approval to raise Rs20bn

Bank Alfalah Limited announced on Thursday that it had received in-principle approval from the State Bank of...

Published 23 Apr, 2026 04:04pm

Energy

India says fuel retailers suffering losses on petrol, diesel for sales below market rates

India has no plans to raise fuel prices as of now to shield customers

Published 23 Apr, 2026 04:04pm

Exchange

Rupee inches up against US dollar

Settles at 278.86 against greenback

Updated 23 Apr, 2026 08:03pm

Technology

Pakistani co-founded AI startup Cursor draws $60bn buyout option from SpaceX

The Karachi-born billionaire represented Pakistan in the International Math Olympiad from 2016 to 2018

Updated 23 Apr, 2026 04:45pm

Energy

Africa faces 86mn tonne fuel shortfall by 2040: AFC

The region also faces shortages of fertiliser due to the war, since a high proportion comes from the Gulf

Published 23 Apr, 2026 02:04pm

Bullion Rate

Gold price per tola drops by Rs5,200 per tola in Pakistan

International rate of gold declines by $52 to reach $4,714 per ounce

Updated 23 Apr, 2026 07:14pm

Business & Finance

Pakistan moves to build strategic crude oil reserves

PM Shehbaz says energy security has now become critically important

Updated 23 Apr, 2026 06:26pm

Forex

Thai baht/US dollar steady on Thursday

The baht was 0.09% lower at 32.29 versus the dollar, after trading in a range of 32.250 to 32.300

Published 23 Apr, 2026 12:13pm

Forex

South African rand slips as investors seek clarity on stalled US-Iran peace talks

The rand traded at 16.53 ⁠against the dollar , about 0.4% weaker than its previous close

Published 23 Apr, 2026 12:10pm

Energy

Attock Refinery Limited resumes crude receipts, product dispatches

It had earlier shut down its main unit

Published 23 Apr, 2026 12:05pm

Stocks

South Korea’s KOSPI rallies to another record high above 6,500

The benchmark KOSPI was up 111.63 points, or 1.78%, at 6,532.24

Published 23 Apr, 2026 11:39am

Business & Finance

Business sentiment in Pakistan turns negative amid energy shocks, regional tensions: Gallup survey

Inflation remains the most common issue businesses want the government to solve

Published 23 Apr, 2026 11:36am

Forex

Yuan edges down as firmer dollar, Middle East tensions weigh

The spot yuan opened at 6.8251 per dollar and was last trading at 6.8288

Published 23 Apr, 2026 11:34am

Commodities

Iron ore consolidates as investors weigh higher war-induced costs against rising supply

The benchmark May iron ore on the Singapore Exchange was 0.18% lower at $107.1 a ton

Published 23 Apr, 2026 11:28am

Markets

Wheat gains on dry US conditions, rising oil prices

Corn futures edged lower and soybeans were unchanged

Published 23 Apr, 2026 11:23am

Commodities

Palm oil falls tracking weak rival oils at Dalian

Palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange lost 35 ringgit, or 0.76%, to 4,593 ringgit

Published 23 Apr, 2026 11:20am

Companies

Roche Q1 sales down on forex effects

Quarterly group revenues came in at 14.72 billion Swiss francs

Published 23 Apr, 2026 11:18am

Stocks

Australia shares fall as worries over Mideast conflict escalate

The S&P/ASX 200 index fell 0.3% to 8,816.30

Published 23 Apr, 2026 11:16am

Markets

Dubai’s Emirates NBD posts 3% rise in first-quarter profit

Profit for the first three months of the year came in at 6.4 billion dirhams ($1.74 billion), ENBD said in a statement

Published 23 Apr, 2026 11:12am

Stocks

China, HK stocks fall as Middle East tensions spur risk-off mood

Hong Kong benchmark Hang Seng was down 1.1%

Published 23 Apr, 2026 11:09am

Markets

Renault first-quarter sales up 7.3%, beating expectations

Revenues of 12.53 billion euros ($14.66 billion) came in much higher than an expected 0.1% increase to 11.69 billion euros

Published 23 Apr, 2026 11:01am

Markets

Nestle beats first-quarter sales estimates

Organic sales, which exclude the impact of currency movement and acquisitions, rose 3.5% in the three months ended March

Published 23 Apr, 2026 10:58am

Technology

Nokia beats first-quarter estimates as AI boom lifts sales again

Comparable operating profit jumped 54% to 281 million euros in the first quarter of 2026

Published 23 Apr, 2026 10:47am

Markets

Hyundai Motor reports 31% drop in Q1 operating profit, meets forecasts

Hyundai, which together with affiliate Kia Corp is the world’s third-biggest automaking group by sales, posted an operating profit of 2.5 trillion won

Published 23 Apr, 2026 10:44am

Stocks

Selling persists at bourse, KSE-100 loses over 2,400 points

Benchmark index settles at 169,173.37

Updated 23 Apr, 2026 06:37pm

Pakistan

10 killed as assailants target NRL site in Balochistan

About 40 militants on motorcycles and other vehicles stormed the mining project site

Updated 23 Apr, 2026 02:39pm

Business & Finance

OGDCL revives gas production in Attock

Says output exceeds 21 MMSCFD

Published 23 Apr, 2026 09:52am

Energy

Pakistan seeks three LNG cargoes for April, May

PLL is seeking cargoes on a delivered-ex-ship (DES) basis to Port Qasim in Karachi

Updated 23 Apr, 2026 06:41pm

Stocks

Indian shares seen opening lower as crude prices top $100 on Mideast uncertainty

GIFT Nifty futures were trading at 24,158 points

Published 23 Apr, 2026 08:11am

Forex

Indian rupee may weaken past 94, oil surge wipes large part of relief rally

*The rupee is expected to open in the 93.92-93.98 range, per traders, having settled at 93.7950 on Wednesday

Published 23 Apr, 2026 08:08am

Bullion Rate

Gold falls on oil-driven inflation fears; US-Iran developments in focus

Spot gold was down 0.7% at $4,705.09 per ounce
US gold futures for June delivery fell 0.6% to $4,722.10

Updated 23 Apr, 2026 10:39am

Stocks

Japan’s Nikkei crosses key 60,000 level for first time on tech rally

The broader Topix was also flat at 3,744.93

Published 23 Apr, 2026 07:56am

Forex

Dollar holds near 1-1/2-week high as Iran-US standoff persists

The single currency is headed for a 0.4% decline in the week, its first drop in four weeks

Updated 23 Apr, 2026 10:41am

Stocks

Asian shares track Wall Street to record highs but higher oil prices a risk

MSCI's broadest index of Asia-Pacific shares outside Japan rallied 1% to a record high as tech heavyweights surged in the region

Published 23 Apr, 2026 07:49am

Energy

Oil steadies as US-Iran talks stall, Hormuz shipping still disrupted

Brent crude futures eased marginally by 19 cents, or 0.2%, to $101.72 a barrel

Updated 23 Apr, 2026 06:08pm

Money & Banking

ASA Bank and Turaco forge strategic partnership

KARACHI: ASA Microfinance Bank (Pakistan) Ltd. and Turaco Agency Ltd. (T/A Turaco) have signed a strategic...

Published 23 Apr, 2026 02:22am

Money & Banking

BOP signs MoU with Stacks

LAHORE: The Bank of Punjab and Stacks signed a strategic MoU marking a key step toward transforming Pakistan’s...

Published 23 Apr, 2026 02:22am

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 24	163.83
USD to Swiss Franc / Jul 24	0.82
Pound Sterling to USD / Jul 24	1.33
Euro to USD / Jul 24	1.14
SOFR % / Jul 24	3.57

Stock	Volume
S&P 500 / Jul 24	7,411.98
India Sensex / Jul 24	76,059.77
Tokyo Nikkei / Jul 24	64,611.15
Nasdaq / Jul 24	24,975.82
Hang Seng / Jul 24	24,963.23
FTSE 100 / Jul 24	10,736.23
Dow Jones / Jul 24	51,947.25
Germany DAX 30 / Jul 24	25,099
France CAC40 / Jul 24	8,372.28

Item	Value
Crude Oil USD/Barrel / Jul 24	89.31
Karachi Cotton PKR/37.32 KG / Jul 24	18,680
Gold 10 Grams PKR / Jul 24	366,457
Gold Spot USD/Ounce / Jul 24	4,052.79
Cotton US¢/pound / Jul 24	79.98
Petrol/Litre / Jul 27	335.18
Diesel/Litre / Jul 27	383.46

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

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