News Archives for Business & Finance - 2026-05-04

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Business & Finance - 2026-05-04

Business & Finance

CCP approves acquisition of Rafhan Maize shares by Nishat Group

Finds no substantial risk of reduced competition

Published 04 May, 2026 05:56pm

Energy

Attock Refinery's main unit resumes operation

Previous shutdown due to Islamabad security curbs

Published 04 May, 2026 03:24pm

Technology

Pakistan’s Zuma Resources signs global telecom deal with US-based Telna, eyes eSIM market entry

Zuma Resources Limited — formerly known as Bilal Fibres Limited — has entered into a global connectivity agreement...

Published 04 May, 2026 02:23pm

Business & Finance

Pollution-free ports key to safer navigation, stronger economic growth: minister

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry reaffirmed on Monday the government’s resolve...

Published 04 May, 2026 01:49pm

Commodities

Gold price per tola drops by Rs3,800 in Pakistan

International rate of gold declines by $38 to reach $4,576 per ounce

Updated 04 May, 2026 06:17pm

Companies

Sitara Petroleum IPO book building sets PSX record, hits cap price within 10 minutes

Sitara Petroleum Service Limited’s initial public offering (IPO) book building achieved the cap price of Rs18.90...

Published 04 May, 2026 01:30pm

Forex

South African rand flat ahead of manufacturing data, car sales data

The rand traded at 16.6075 against the dollar , broadly unchanged from its previous close

Published 04 May, 2026 12:24pm

Companies

PIA privatisation: management control likely by May 25

The consortium led by Arif Habib Corporation has notified the Privatisation Commission to acquire the remaining 25%...

Published 04 May, 2026 12:16pm

Stocks

Australian shares fall in broad-based losses, NAB slips on missing earnings estimate

The benchmark finished up 0.7% on Friday, snapping eight sessions of consecutive losses that saw a decline of around 3%

Published 04 May, 2026 11:22am

Markets

Bank of Korea deputy chief says time to consider rate hikes

Sunday held on the sidelines of the annual Asian Development Bank meeting in Samarkand, Uzbekistan, according to the BOK

Published 04 May, 2026 11:19am

Commodities

Wheat eases, but US drought keeps prices near two-year high

Soybeans rose on expectations of planting delays in the US Midwest, while corn ticked lower

Published 04 May, 2026 11:15am

Forex

Australian dollar steady as RBA debates third rate hike

The Aussie was steady at $0.7206, after gaining 0.7% last week to reach $0.7228, its strongest since June 2022

Published 04 May, 2026 11:13am

Technology

GameStop makes bold $56 bln play for eBay, ready to go hostile

EBay has a market capitalization nearly four times larger than GameStop, making the buyout bid an ambitious attempt

Published 04 May, 2026 11:03am

Energy

Altern Energy ends key agreements with GoP, CPPA-G

Altern Energy Limited (AEL), the parent company of Rousch (Pakistan) Power Limited (RPPL), has inked a Termination...

Published 04 May, 2026 11:01am

Commodities

India begins wheat exports after four-year hiatus on bumper crop

India, expecting a record crop, has allowed exports of wheat this year following a 2022 ban

Published 04 May, 2026 10:57am

Markets

Indonesia's exports fall 3.1% yr/yr in March

It is the first contraction of exports since November 2025

Published 04 May, 2026 10:51am

Commodities

Indonesia's Jan-Mar coal exports fall 6.62% y/y

The data may differ from those provided by the Energy and Mineral Resources Ministry

Published 04 May, 2026 10:49am

Markets

National Australia Bank posts first-half profit miss, warns of Middle East conflict risks

NAB shares were down 1.42% Monday after earlier falling as much as 3.1% following the lower-than-forecast result

Published 04 May, 2026 10:44am

Mutual Funds

Indian bonds gain as higher yields lure value investors; states' poll results eyed

The benchmark Indian 6.48% 2035 bond yield was at 6.9902%

Published 04 May, 2026 10:42am

Stocks

Hong Kong stocks track firmer Asia; tech stocks lead

At the midday break, the Hang Seng Index was up 1.7% at 26,216.39

Published 04 May, 2026 10:39am

Commodities

Indonesia rice output in January to June seen rising 0.26% year-on-year

Indonesia expects a longer and more severe dry season this year due to El Nino, which started in April

Published 04 May, 2026 10:36am

Commodities

Palm rebounds on weather concerns, stronger ringgit caps gains

Benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 34 ringgit, or 0.74%, to 4,604 ringgit

Published 04 May, 2026 10:34am

Stocks

KSE-100 gains over 950 points in volatile session, trims early rally on US-Iran tensions

Benchmark index settles at 163,948.94

Updated 04 May, 2026 06:09pm

Stocks

Stocks edge up in Asia, oil flat amid Middle East uncertainty

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6%, while South Korean stocks returned from holiday with a jump of 2.6%

Published 04 May, 2026 08:10am

Forex

Yen steady as intervention fears linger with Japan shut for holidays

The yen edged up 0.1% to 156.885 against the dollar, after the Japanese ‌currency appreciated 1.4% during the past month

Updated 04 May, 2026 10:25am

Energy

Oil jumps, stocks drop as Iran tightens grip on Strait of Hormuz

Brent futures rose $6.43, or 5.9%, to $114.60

Updated 04 May, 2026 11:46pm

Forex

Indian rupee, bonds set to sway to oil prices as US-Iran stalemate drags

The rupee fell to a record low of 95.33 on Thursday, pressured by volatile oil prices and hawkish signals from the US Federal Reserve

Published 04 May, 2026 07:50am

Stocks

Indian shares poised to open higher on easing oil; state election results eyed

GIFT Nifty futures were trading at 24,245.50 ‌points

Published 04 May, 2026 07:48am

Bullion Rate

Gold dips as inflation concerns linger; markets watch US-Iran talks

Spot gold was down 0.3% at $4,599.45 per ounce

Updated 04 May, 2026 10:21am

Companies

Estee Lauder to cut up to 3,000 more jobs as it pursues Puig deal

NEW YORK: Estée Lauder on Friday raised its annual profit forecast and said it would cut up to 3,000 more jobs...