News Archives for Business & Finance - 2026-05-07

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Business & Finance - 2026-05-07

Markets

Pakistan extends deadline for import of petroleum products on relaxed rules till July 10

Pakistan has extended the deadline for importing crude oil and petroleum products on relaxed rules up to July 10,...

Published 07 May, 2026 10:52pm

Markets

Suzuki launches Fronx XUV in Pakistan, prices start at Rs5.99mn

Pak Suzuki Motor Company has launched the Suzuki Fronx XUV in Pakistan, with prices starting at Rs5.99 million. In...

Published 07 May, 2026 10:25pm

South Asia

India plans to bolster key export scheme as Iran war sours trade outlook

Talks to bolster the scheme follow a series of challenges faced by exporters in the Asian nation

Published 07 May, 2026 09:13pm

Companies

India's Dabur flags further price increases as Middle East war drives up costs

'We want to increase the margins from last year to the current year and mitigate all the inflation through price increases,' Dabur says

Published 07 May, 2026 09:03pm

Stocks

Most Gulf markets gain on upbeat earnings, US-Iran peace deal optimism

Dubai’s main share index gained 0.6%

Published 07 May, 2026 07:47pm

Commodities

Copper holds steady, supported by US-Iran peace proposal

Benchmark copper on the London Metal Exchange was little changed at $13,390.5 a metric ton

Published 07 May, 2026 07:43pm

Business & Finance

Pakistan seeks stronger energy ties with Saudi Arabia, refinery upgrade in focus

Thanks Saudi Arabia for extending favorable terms in petroleum supplies

Published 07 May, 2026 07:27pm

Business & Finance

SBP-held foreign exchange reserves rise $23mn to $15.85bn

Total liquid foreign exchange reserves stand at $21.29 billion

Published 07 May, 2026 06:45pm

Financial

India bonds end steady; Iran peace proposal in focus

India's benchmark 6.48% 2035 bond yield ended at 6.9328%

Published 07 May, 2026 05:12pm

Stocks

Sri Lankan shares rise on real estate, energy, healthcare stock gains

CSE All Share index settled up 1.1% at 22,997.86

Published 07 May, 2026 05:03pm

Companies

McDonald's India franchisee Westlife posts 56% profit jump on discount-driven demand

McDonald’s promoted its McSavers+ offer, selling a burger and a drink for 69 Indian rupees

Published 07 May, 2026 04:32pm

Commodities

Palm falls for second session on weak Chicago soyoil, firmer ringgit

Dalian’s most-active soyoil contract fell 1.08%

Published 07 May, 2026 04:15pm

South Asia

India likely to divest stake worth $1.06 billion in state-run Coal India, reports

The Indian government held a 63.13% stake in Coal India as of March 31

Published 07 May, 2026 04:13pm

Stocks

Indian shares pause as oil slide counters profit-taking

Nifty 50 fell 0.02% to 24,326.65, while the BSE Sensex edged 0.15% lower to 77,844.52

Published 07 May, 2026 04:08pm

Forex

Indian rupee gains sharply as oil slides, NDF dollar selling gathers pace

Asian currencies are up between 0.2% and 0.6%

Published 07 May, 2026 04:06pm

Industry

Chery Master Pakistan eyes launch of Tiggo 4 HEV, QQ BEV & Tiggo V

Company signals a major expansion with new models, including a compact EV and a versatile family platform

Published 07 May, 2026 04:01pm

Exchange

Rupee inches up against US dollar

Currency settles at 278.71 against greenback

Updated 07 May, 2026 09:38pm

Companies

Panther Tyres to install 3.5MW solar power system

Project involves installation of high-efficiency Jinko 720W solar panels

Published 07 May, 2026 02:52pm

Stocks

European shares steady after rally as markets assess Mideast peace prospects

The pan-European STOXX 600 was little changed at 623.59 points

Published 07 May, 2026 01:39pm

Companies

Millat Tractors: Pakistan's largest tractor maker mulls EV bike production

The development comes as demand for EV bikes surges in the country

Updated 07 May, 2026 03:13pm

Commodities

Gold price per tola gains Rs7,800 in Pakistan

Reaches Rs496,762

Updated 07 May, 2026 06:02pm

Business & Finance

Pakistani tech firm Avanceon announces expansion in Australia

Avanceon Limited (AVN), a Pakistani technology company headquartered in Lahore, announced on Thursday its wholly...

Updated 07 May, 2026 03:15pm

Energy

Govt to display subsidy amount on electricity bills: PD

The Ministry of Energy (Power Division) has directed electricity distribution companies to clearly mention the...

Published 07 May, 2026 12:49pm

Business & Finance

Pakistan sets record with 4,082 new company registrations: SECP

Punjab leads the country with the registration of 2,093 new companies

Updated 07 May, 2026 04:12pm

Energy

Shell's profit beats expectations at $6.9 billion

Shell's adjusted earnings, its definition of net profit, reached $6.92 billion in the first quarter

Published 07 May, 2026 11:56am

Stocks

South Korea's KOSPI takes a breather from new peak

The benchmark KOSPI was up 3.02 points, or 0.04%, at 7,387.58

Published 07 May, 2026 11:45am

Stocks

Australia shares touch 2-week high, investors pin hopes on US-Iran peace deal

The S&P/ASX 200 index gained 1% to 8,880.30

Published 07 May, 2026 11:42am

Mutual Funds

India bonds could reverse some gains as US-Iran peace deal flip-flop continues

The benchmark Indian 6.48% 2035 bond yield is expected to drift within the 6.90%-6.95% range

Published 07 May, 2026 11:28am

Forex

Thai baht/US dollar little changed on Thursday

The baht was 0.06% higher at 32.28 versus the dollar

Published 07 May, 2026 11:25am

Forex

Australia, NZ dollars ride the de-escalation rally, for now

That prospect was a positive for the Aussie, which is often used by investors as a proxy for risk, and nudged it up 0.1% to $0.7243

Published 07 May, 2026 11:15am

Commodities

Malaysian palm extends losses on weaker rival oils; firmer crude caps downside

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 38 ringgit, or 0.83%, to 4,541 ringgit

Published 07 May, 2026 11:08am

Forex

Yuan rises to 3-year high on Middle East peace hopes, firm PBOC fix

US President Donald Trump and Chinese President Xi Jinping are scheduled to meet next week in Beijing

Published 07 May, 2026 11:06am

Commodities

Dalian iron ore rises for fourth day on steady demand

The most-traded September iron ore contract on China’s Dalian Commodity Exchange traded 0.25% higher at 814 yuan

Published 07 May, 2026 11:03am

Commodities

London copper ticks down as markets assess US-Iran peace talks

Benchmark three-month copper on the London Metal Exchange fell 0.3% to $13,355 per metric ton

Published 07 May, 2026 11:01am

Markets

Philippines Q1 GDP up 2.8% on year, lower than expected

Economists in a Reuters poll had expected first quarter gross domestic product growth to reach 3.5%

Published 07 May, 2026 10:59am

Stocks

China, Hong Kong stocks rise on Mideast ceasefire hopes

Hong Kong benchmark Hang Seng was up 1.6%

Published 07 May, 2026 10:48am

Markets

Commerzbank official rejects UniCredit CEO's calls for renewed talks

Uebel also said he would support Berlin increasing its 12% stake in Commerzbank to undo the government's botched sale of part of its holding in 2024 that resulted in UniCredit building its holding

Published 07 May, 2026 10:44am

Markets

Thai central bank chief revises GDP growth forecast up to 2.1% for this year

The package is due to be launched in June, according to Finance Minister Ekniti Nitithanprapas

Published 07 May, 2026 10:41am

Energy

Australia requires LNG exporters reserve 20% of gas for east coast market

The scheme will apply from July next year and not affect existing contracts, the government said

Published 07 May, 2026 10:39am

Commodities

Wheat drops for 3rd session on US rain outlook; soybeans, corn down

Soybeans and corn dropped to the lowest in more than a week

Published 07 May, 2026 10:36am

Stocks

Buying continues at PSX, KSE-100 Index gains nearly 1,200 points

Benchmark index settles at 172,894.27

Updated 07 May, 2026 05:54pm

Industries & Sectors

Pakistan loses Rs350bn annually to illicit cigarette trade, Philip Morris International tells minister

Nearly 45 to 47 billion cigarettes are being sold, delegation tells minister

Updated 07 May, 2026 12:59pm

Forex

Indian rupee likely to be buoyed by cheaper oil; US-Iran uncertainty may check momentum

The rupee is expected to open in the 94.54-94.58 range, traders said, after settling 0.7% higher at 94.61 on Wednesday

Published 07 May, 2026 08:14am

Stocks

Japan's Nikkei roars past 62,000 on earnings, Middle East optimism; JGBs rally

The benchmark Nikkei 225 Index rose 4.19% to 62,009.59, breaking through the 62,000 mark for the first time

Published 07 May, 2026 08:10am

Energy

Oil turns positive on report Iran rejects US proposal for Strait of Hormuz

Brent crude futures rose 71 cents, or 0.7%, to $101.98 per barrel

Updated 07 May, 2026 11:13pm

Stocks

Indian shares set to extend gains on Iran peace deal hopes

GIFT Nifty futures were trading at 24,445 points

Published 07 May, 2026 07:57am

Stocks

Asian stocks hit record high, dollar wobbles on peace deal hopes

Japan’s Nikkei returned from a long holiday to cross 62,000 for the first time

Published 07 May, 2026 07:54am

Forex

Dollar on defensive as markets hope for best on Middle East

That left the dollar index back at 97.950 and well short of last week’s top of 99.092

Published 07 May, 2026 07:49am

Bullion Rate

Gold steady as markets focus on potential US-Iran peace deal

Spot gold was unchanged at $4,688.16 per ‌ounce

Published 07 May, 2026 07:45am

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
Crude Oil USD/Barrel / Jul 27	83.71
Gold Spot USD/Ounce / Jul 27	4,095.93
Cotton US¢/pound / Jul 27	80.58
Petrol/Litre / Jul 28	335.18
Diesel/Litre / Jul 28	383.46

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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