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

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Business & Finance - 2026-05-05

Stocks

Sitara Petroleum raises Rs4.8bn by selling 279.9mn shares at PSX

Third-largest private sector IPO in Pakistan's history

Published 05 May, 2026 11:44pm

Business & Finance

Pakistan’s power crisis decades in the making, not just war fallout: study

Crisis stems from decades of over-reliance on imported fossil fuel, rigid long-term gas contracts, and absence of energy storage infrastructure, study says

Published 05 May, 2026 11:30pm

Markets

US trade gap widens in March as imports jump: govt

WASHINGTON: The US trade deficit expanded slightly less than analysts expected in March, government data showed...

Published 05 May, 2026 10:01pm

Business & Finance

SBP says financial system remained steady, resilient in CY25

Central bank says the financial sector expanded by 15.1 percent during the year

Published 05 May, 2026 08:27pm

Stocks

India's NSE posts 8% rise in fourth-quarter profit on derivative volumes

The exchange posted a consolidated profit after tax of 28.71 billion Indian rupees for the quarter ended March 31

Published 05 May, 2026 08:20pm

Financial

India's cash withdrawals surge 12% in first half of April; sustained trend may impact liquidity, economists say

A cut in the goods and services tax on several daily-use items in September also boosts demand

Published 05 May, 2026 08:07pm

Markets

India's PNB hikes cybersecurity spend as AI models including Anthropic’s Mythos raise risks

'We don't want to compromise on this kind of expenditure,' Surendran says

Published 05 May, 2026 07:58pm

Middle East

Saudi Arabia's budget deficit at $33.5 billion in Q1 2026, ministry says

Total government spending reached 386.7 billion riyals in the quarter, outpacing revenues of 261.0 billion riyals

Published 05 May, 2026 07:32pm

South Asia

India approves $1.9 billion credit guarantee to support businesses hit by Middle East crisis

The government offers 100% guarantee coverage for small and medium enterprises and 90% coverage for other firms

Published 05 May, 2026 07:29pm

Stocks

Gulf shares slip after fresh attacks rattle truce

Dubai’s main share index dropped 0.9%
Saudi Arabia’s benchmark index lost 0.8%

Published 05 May, 2026 07:22pm

Stocks

Healthcare, energy stocks drag Sri Lankan shares lower

CSE All Share index settled down 0.49% at 22,584.30

Published 05 May, 2026 07:05pm

Markets

India's IIFL Finance revives dollar-bond plan, to meet investors, sources say

IIFL Finance is restarting its plan to raise up to $750 million via dollar bonds

Published 05 May, 2026 06:29pm

Financial

India bonds steady as value buying offsets Iran war flare up

India’s benchmark 6.48% 2035 bond yield settled at 7.0184%

Published 05 May, 2026 06:15pm

Stocks

PSX acknowledges BAFL's ex-dividend price miscalculated

The Pakistan Stock Exchange (PSX) on Tuesday said “an inadvertent error” in determining the ex-dividend reference...

Published 05 May, 2026 05:12pm

Commodities

Copper bounces from 3-week low on bargain hunting; COMEX outperforms

Benchmark three-month copper on the London Metal Exchange added 0.3% to $13,038 per metric ton

Published 05 May, 2026 05:07pm

Commodities

Palm climbs to four-week high on Malaysia's biodiesel plans

Soyoil prices on the Chicago Board of Trade were up 0.41%

Published 05 May, 2026 05:04pm

Companies

Adani, Arcelor among firms setting up treasury operations in India's GIFT City, sources say

Adani, Airtel, and Genpact are among firms establishing treasury operations in India's GIFT City.

Published 05 May, 2026 04:51pm

Financial

India's new 10-year bond likely to be issued at above 7% coupon, analysts say

New Delhi will sell 340 billion Indian rupees of a new 10-year paper

Published 05 May, 2026 04:43pm

Budgets

FinMin Aurangzeb engages insurers, mutual funds on Budget 2026–27 proposals

Pre-budget talks explored boosting national savings, regulatory clarity

Published 05 May, 2026 04:41pm

Forex

Indian rupee hits record low as economic worries mount on renewed US-Iran tensions

The currency weakened to 95.4325 per dollar

Published 05 May, 2026 04:37pm

Companies

Chery Master Pakistan wins “Best Rising Star Global Award” at 2026 Chery Global Conference

Chery Master Pakistan has been awarded the “Best Rising Star Global Award” at the 2026 Chery Global Conference, held...

Published 05 May, 2026 04:21pm

Stocks

Indian shares dip, rupee slips to record low on elevated oil prices

The Nifty 50 declined 0.36% to 24,032.80 and the BSE Sensex shed 0.33% to 77,017.79

Published 05 May, 2026 03:58pm

Commodities

Gold price per tola drops by Rs2,100 in Pakistan

International rate of gold declines by $21 to reach $4,555 per ounce

Updated 05 May, 2026 07:27pm

Companies

Kohinoor Textile Mills reappoints CEO, chairman

Kohinoor Textile Mills Limited announced on Tuesday key appointments in the company. The mills shared the...

Published 05 May, 2026 02:12pm

Stocks

European shares dip as fresh US-Iran clashes rattle risk sentiment

The pan-European STOXX 600 was down 0.1% at 604.68 points

Published 05 May, 2026 12:36pm

Markets

EV bikes demand continues to surge in Pakistan as petrol prices soar

High demand of Electric Vehicle (EV) scooters-cum-bikes has dried up the local market after price-hike in petrol, it...

Updated 05 May, 2026 05:26pm

Markets

UniCredit posts record quarterly profit as it kicks off Commerzbank bid

UniCredit said net profit for January-March rose 16% year-on-year to 3.2 billion euros

Published 05 May, 2026 11:23am

Commodities

Uganda March coffee exports up slightly from a year earlier

The commodity is one of the East African country’s top foreign exchange earners

Published 05 May, 2026 11:20am

Mutual Funds

Indian bonds seen in firing line as US-Iran tensions erupt again

The benchmark Indian 6.48% 2035 bond yield is expected to drift within the 7.00%-7.05% range

Published 05 May, 2026 11:19am

Commodities

Palm extends gains on weak ringgit, Malaysia's biodiesel plans

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange gained 33 ringgit, or 0.71%, to 4,655 ringgit

Published 05 May, 2026 11:18am

Forex

Australian dollar gets little lift from RBA rate hike as Gulf dominates

Wrapping up its May meeting, the Reserve Bank of Australia’s policy board lifted the cash rate by 25 basis points to 4.35%

Published 05 May, 2026 11:10am

Commodities

Copper hits 3-week low on dollar strength as Middle East war intensifies

Benchmark three-month copper on the London Metal Exchange fell 0.8% to $12,897 per metric ton

Published 05 May, 2026 11:09am

Markets

Australia's central bank raises rates 25bps to 4.35%

The board voted 8 to 1 for the increase, a change from March when it split 5-4

Published 05 May, 2026 11:07am

Stocks

Australian shares extend fall after RBA raises rates for third time this year

The benchmark S&P/ASX 200 index fell 0.6% to 8,643

Published 05 May, 2026 10:59am

Stocks

Hong Kong shares dip as Middle East tensions dent risk appetite

Hong Kong’s benchmark Hang Seng Index was down about 0.9% at 25,871 in mid-morning trading

Published 05 May, 2026 10:53am

Markets

Indonesia Q1 GDP up 5.61% yr/yr, data shows

The economy posted growth of 5.39% growth in the fourth quarter of 2025. On a non-seasonally adjusted

Published 05 May, 2026 10:52am

Commodities

Wheat rises on US drought, soybeans near seven-week high

Soybeans ticked higher, trading near their highest level since mid-March reached on Monday

Published 05 May, 2026 10:49am

Stocks

Philippine annual inflation at 7.2% in April

Economists in a Reuters poll had expected an annual inflation rate of 5.5%

Published 05 May, 2026 10:48am

Forex

Thai baht/US dollar little changed on Tuesday

The baht was 0.03% higher at 32.74 versus the dollar

Published 05 May, 2026 10:46am

Stocks

Volatility at bourse, KSE-100 gains nearly 800 points

Benchmark index settles at 164,742.47

Updated 05 May, 2026 06:14pm

Business & Finance

Gwadar Port receives first transshipment vessel of May

The first transshipment cargo vessel of May has anchored at Gwadar Port, Federal Minister for Maritime Affairs,...

Published 05 May, 2026 10:12am

Statistics

Pakistan’s trade deficit tops $4bn in April 2026

Trade balance stood at $3.9 billion in same period of previous fiscal year

Updated 05 May, 2026 05:25pm

Stocks

Shares slide, oil prices elevated as US-Iran truce prospects dim

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3%

Published 05 May, 2026 08:07am

Forex

Indian rupee at risk of all-time low on long-standing oil drag

The rupee is expected to open in the 95.25 to 95.30 range, per traders. It settled at 95.0875 on Monday

Published 05 May, 2026 08:02am

Stocks

Indian shares set to open lower on elevated oil prices; L&T, M&M results in focus

GIFT Nifty futures were trading ‌at 24,077 points

Published 05 May, 2026 07:59am

Energy

Oil prices slide 3% as fragile US-Iran ceasefire holds, ship passes through Strait of Hormuz

Brent futures fell $3.43, or 3.0%, to $111.01 a barrel

Updated 05 May, 2026 08:15pm

Forex

Yen steady, dollar firms on Middle East war fears

The dollar index , which measures the US currency against six units, was steady at 98.452 after rising 0.3% on Monday

Updated 05 May, 2026 10:12am

Bullion Rate

Gold steady as investors weigh Middle East risks, stalled US–Iran peace talks

Spot gold was up 0.2% ‌at $4,528.99 per ounce

Updated 05 May, 2026 10:14am

Business & Finance

UAE says OPEC exit ‘not directed against anyone’

ABU DHABI: The UAE’s departure from OPEC, dominated by ally-turned-rival Saudi Arabia, was not targeted at anyone...

Published 05 May, 2026 06:01am

Companies

Digital infrastructure and Cloud adoption: Indus Cloud Ltd, Indus DC REIT, and UBL form strategic partnership

KARACHI: Indus Cloud Limited, Indus DC REIT, and UBL announced a landmark strategic partnership to develop and...

Published 05 May, 2026 06:01am

Companies

Synergy Advertising wins AFAA Brilliance Awards for second year

KARACHI: Synergy Advertising has achieved a landmark milestone for Pakistan’s advertising industry, becoming the...

Published 05 May, 2026 06:01am

Companies

GO records highest-ever 24-hour sales at COCO stations

KARACHI: Gas & Oil Pakistan Limited (GO) has announced the highest-ever sales achieved within a 24-hour period...

Published 05 May, 2026 06:01am

Business & Finance

April cement despatches increase by 11.14pc YoY

LAHORE: Cement despatches during the month of April 2026 were registered at 3.890 million tons against 3.500 million...

Published 05 May, 2026 06:01am

Companies

ME conflict: Apr HBL manufacturing PMI slips to 49.9

KARACHI: The HBL Manufacturing PMI came in at 49.9 during April 2026, down from 52.9 in the previous month, marking...

Published 05 May, 2026 06:01am

Companies

9MFY26 results: Supernet reports Rs5.72bn topline revenue

KARACHI: Supernet Technologies Limited (STL) has announced its first financial results following merger with...

Published 05 May, 2026 06:01am

Companies

Sitara Petroleum IPO hits Rs18.90 cap price within 10 minutes

KARACHI: The initial public offering (IPO) of Sitara Petroleum Service Limited witnessed an overwhelming investor...

Published 05 May, 2026 06:01am

Business & Finance

China, Europe, USA and Canada: New values fixed on import of BoPP films

ISLAMABAD: After a period over 10 years, the Directorate General of Customs Valuation Karachi has fixed new customs...

Published 05 May, 2026 06:01am

Business & Finance

NGC completes nine major transmission projects in six months

LAHORE: The National Grid Company of Pakistan (NGC) has successfully completed nine major power transmission...

Published 05 May, 2026 06:01am

Business & Finance

ADB President urges Asia to develop together via cross-border links

SAMARKAND, (Uzbekistan): The Asian Development Bank (ADB) President Masato Kanda opened ADB’s 59th Annual Meeting on...

Published 05 May, 2026 06:01am

Taxes

FTO dismisses Rs70m tax evasion complaints, rejects frivolous cases

ISLAMABAD: A complaint involving alleged tax evasion of over Rs 70 million and the suspension of a sales tax...

Published 05 May, 2026 06:01am

Business & Finance

PBF submits budget proposals for 2026-27

KARACHI: The Pakistan Business Forum (PBF) has submitted its budget proposals for the fiscal year 2026–27 to the...

Published 05 May, 2026 06:01am

Business & Finance

Dar takes stock of energy situation

ISLAMABAD: Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Monday chaired a...

Updated 05 May, 2026 07:56am

Taxes

FBR holds urgent moot on new steps to bridge revenue shortfall

ISLAMABAD: The Federal Board of Revenue (FBR) Monday convened an urgent meeting of top FBR officials on “new revenue...

Published 05 May, 2026 06:01am

Companies

CCP approves acquisition of Rafhan Maize shares by Nishat-led consortium

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of a significant...

Published 05 May, 2026 06:01am

Business & Finance

Business leaders discuss budget, taxation matters with Aurangzeb

KARACHI: A delegation of the business community, comprising Atif Ikram Sheikh, President of the Federation of...

Updated 05 May, 2026 09:04am

Energy

China invokes anti-sanctions law to counter US blacklisting of refiners

BEIJING: China has, for the first time, invoked a law targeting companies that comply with foreign sanctions it...

Published 05 May, 2026 06:01am

South Asia

India appeals tribunal dismisses Vedanta plea against Adani’s Jaiprakash bid

NEW DELHI: An Indian appeals court on Monday rejected the challenge by Indian billionaire Anil Agarwal’s Vedanta to...

Published 05 May, 2026 06:01am

Energy

Oil prices jump 6pc

NEW YORK: Oil prices jumped about 6 percent on Monday as Iran stepped up attacks on the United Arab Emirates and...

Published 05 May, 2026 06:01am

Business & Finance

President approves PIA Corporation Ordinance, 2026

ISLAMABAD: President Asif Ali Zardari has approved the PIA Corporation (Conversion) (Repeal) Ordinance, 2026, on the...

Published 05 May, 2026 06:01am

Business & Finance

PTC pledges continuous engagement with EU investors

ISLAMABAD: Pakistan Textile Council (PTC) has pledged to continue engagement with European Union investors in the...

Published 05 May, 2026 06:01am

Business & Finance

Chinese CC billets: NTC extends 24.04pc anti-dumping duty for five years

ISLAMABAD: The National Tariff Commission (NTC) has decided to continue the anti-dumping duty of 24.04 percent (ad...

Published 05 May, 2026 06:01am

Forex

India explores steps to mobilise dollar inflows as rupee slides, sources say

MUMBAI: India’s central bank is studying ways to mobilise dollar inflows to bolster its foreign exchange buffers and...

Published 05 May, 2026 01:13am

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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