News Archives for Business & Finance - 2026-05-19

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Business & Finance - 2026-05-19

Stocks

Service Long March Tyres raises Rs5.83bn in PSX book-building

Company set to raise a total of Rs7.77bn after sale of remaining shares to retail investors

Published 19 May, 2026 11:17pm

Business & Finance

Pakistan, AIIB sign $320 million loan deal for N-5 highway reconstruction

Pakistan secures a $320.16 million AIIB loan for N-5 highway reconstruction, enhancing climate-resilient infrastructure and boosting economic growth across key regions.

Published 19 May, 2026 07:51pm

Companies

Indian broadcaster Zee posts quarterly loss on weak ad demand, higher costs

Zee’s advertising revenue, which accounts for nearly 40% of the total, fell 3.5% in the quarter

Published 19 May, 2026 07:02pm

Companies

Epic Games' 'Fortnite' returns to App Stores worldwide

'Apple knows the U.S. federal court will force it to be transparent about how it charges its App Store fees,' Epic says

Published 19 May, 2026 06:58pm

Technology

Microsoft's biggest India data center on track to go live in mid-2026, executive says

There’s 'massive demand' for Azure cloud services and the $30-a-month Copilot 365 AI assistant in the country, Puneet tells

Published 19 May, 2026 06:49pm

Stocks

Gulf bourses rise as Trump's Iran comments soothe nerves

Saudi Arabia’s benchmark stock index edged up 0.2%

Published 19 May, 2026 06:42pm

Business & Finance

Govt invites bids for privatisation of FESCO, GEPCO, IESCO

Pakistan invites investors to privatize three major power companies (FESCO, GEPCO, IESCO), offering 51-100% stakes to boost efficiency and service for over 14 million consumers.

Published 19 May, 2026 06:25pm

Companies

India to monitor Boeing fuel-switch test tied to Air India London incident, documents show

The switches are designed to be immovable without specific actions from pilots

Published 19 May, 2026 06:11pm

Commodities

Palm rises over Indonesia export control rumours

Dalian’s most-active soyoil contract gained 1.67%

Published 19 May, 2026 06:04pm

Stocks

Sri Lankan shares fall for fifth straight session as consumer discretionary drags

CSE All Share index settled down 0.07% at 22,298.07

Published 19 May, 2026 05:52pm

Markets

India Oil says revenue loss on LPG widens in May

In January–March, the company suffers a revenue loss of 100 Indian rupees on the sale of a 14.2-kilogram LPG cylinder

Published 19 May, 2026 05:49pm

Financial

India bonds gain as oil cools on US-Iran deal hopes

Benchmark 6.48% 2035 bond yield settled at 7.1101%, down 2.4 basis points

Published 19 May, 2026 05:39pm

Companies

UK regulator monitoring Air India compliance after Dreamliner fuel-switch incident

Indian air safety officials plan to travel to Seattle to observe Boeing’s testing of the fuel switch panel

Published 19 May, 2026 05:28pm

Business & Finance

As India, UAE cozy up, Pakistan's ties in Gulf could become strained

'India ramping up its ties in a big way with the UAE could be seen in Islamabad as a strategic disappointment,' says Michael Kugelman, Senior Fellow at the Atlantic Council

Updated 20 May, 2026 01:00pm

Commodities

India soymeal exports to fall to four-year low on rising prices

The drop in Indian exports is likely to help suppliers in South and North America increase soymeal shipments to Asian buyers

Published 19 May, 2026 05:12pm

Commodities

Nickel jumps as Indonesia supply worries resurface

Benchmark nickel was up 1.8% at $18,900 a metric ton

Published 19 May, 2026 04:44pm

Commodities

India's top copper producers oppose inclusion of scrap-based rods in standards

Large producers argue that copper rods from smaller refiners, which mostly use scrap as raw material, should not be under the same standards

Published 19 May, 2026 04:40pm

Currency

Indian rupee plunges for eighth straight session as external headwinds worsen

Indian rupee slumped to a record closing low of 96.5325 per dollar

Published 19 May, 2026 04:31pm

Stocks

Indian shares end flat as financials offset IT rally

Nifty 50 edged down 0.14% to 23,618, and the BSE Sensex slipped 0.15% to 75,200.85.

Published 19 May, 2026 04:28pm

South Asia

Workday to keep expanding Indian workforce, deepen AI investments, executive says

India is home to more than half of all global capability centres as companies prefer its large skilled workforce

Published 19 May, 2026 04:24pm

Exchange

Rupee gains further ground against US dollar

Currency settles at 278.57 against greenback

Updated 19 May, 2026 07:14pm

Commodities

Gold price per tola remains unchanged in Pakistan

International rate of gold stood at $4,548 per ounce

Published 19 May, 2026 03:41pm

Energy

Pakistan turns to grey-market generators as outages worsen amid Middle East war: report

Informal generators are a vital, costly lifeline for Pakistanis battling persistent power outages and economic uncertainty

Updated 19 May, 2026 10:56pm

Stocks

European shares gain as Trump's Iran comments cheer markets

The pan-European STOXX 600 rose ⁠0.8% to 614.83 points

Published 19 May, 2026 02:40pm

Mutual Funds

JGB prices fall as focus shifts to Japan's extra budget, BOJ decision

The benchmark 10-year JGB price weakened, sending its yield up 4.5 basis points (bps) to 2.785% from an intraday low of 2.710%

Published 19 May, 2026 12:27pm

Markets

StanChart to cut more than 7,000 jobs as bank steps up AI adoption

The London-headquartered lender is one of the first major global banks to lay out official plans to cut thousands of jobs

Published 19 May, 2026 12:07pm

Markets

G7 agreed IMF and World Bank should increase aid to vulnerable countries, says French finance minister

Lescure, who is hosting a G7 finance ministers' meeting in Paris, made the comments as he arrived for the second and last day of talks

Published 19 May, 2026 11:50am

Money & Banking

AIIB seeks private-sector financing expansion in Pakistan

The Asian Infrastructure Investment Bank (AIIB) has signalled plans to deepen its engagement in Pakistan by...

Published 19 May, 2026 11:43am

Commodities

South Korea’s NOFI tenders for 138,000 tons corn, 65,000 tons feed wheat

The deadline for submission of price offers in the tender is also Tuesday, May 19

Published 19 May, 2026 11:42am

Commodities

Chicago grains, oilseeds extend rally on China's $17 billion purchase commitment

Wheat climbed 0.7% to $6.69 a bushel

Published 19 May, 2026 11:33am

Mutual Funds

India bonds gain as traders cover shorts after oil-led selloff

The benchmark 6.48% 2035 bond yield was at 7.0964%, after shedding 3.7 basis points

Published 19 May, 2026 11:21am

Stocks

China stocks wobble as bond concerns, geopolitics weigh on sentiment

Hong Kong benchmark Hang Seng rose 0.4%

Published 19 May, 2026 11:20am

Commodities

Crude palm oil prices to remain supported around $1,110/ton in June, says MPOC

Palm oil prices are expected to hold around 4,400 ringgit ($1,110) per metric ton

Published 19 May, 2026 10:55am

Forex

Australia, NZ dollars suffer more mood swings, lean on support

The kiwi dollar likewise eased back 0.4% to $0.5854, having rallied 0.7% on Monday

Published 19 May, 2026 10:52am

Forex

Thai baht/US dollar little changed on Tuesday

The baht was 0.03% lower at 32.55 versus the dollar, after trading in a range of 32.505 to 32.620

Published 19 May, 2026 10:47am

Stocks

Australia shares rebound as US delays Iran strikes, revives peace deal hopes

The S&P/ASX 200 index advanced 1% to 8,594

Published 19 May, 2026 10:44am

Stocks

Japan's Nikkei surrenders early gain as tech shares fall

The Nikkei fell 0.64% to 60,429.76 by the midday break, after rising more than 1% earlier in the session

Published 19 May, 2026 10:42am

Stocks

KSE-100 gains nearly 1,100 points as US-Iran tensions ease

Benchmark index settles at 162,896.68

Updated 19 May, 2026 06:05pm

Forex

Indian rupee slide to persist with no oil relief; Asia FX weakness compounds pain

The Indian rupee is expected to open in the 96.35-96.40 range

Published 19 May, 2026 08:09am

Energy

India hikes fuel prices for second time in a week

The price of petrol rose ⁠to 98.64 rupees a litre from 97.77 rupees while that of diesel went to 91.58 rupees a litre from 90.67 rupees

Published 19 May, 2026 08:01am

Stocks

Indian shares to open tad higher after Trump hints at Iran deal; Adani Group in focus

GIFT ‌Nifty futures were at 23,688

Published 19 May, 2026 07:55am

Forex

Dollar steadies from weakness as Trump calls off planned attack on Iran

The US dollar index , which measures the greenback’s strength against a basket of six currencies, held steady at 99.026

Published 19 May, 2026 07:51am

Energy

Oil prices fall as Trump pauses Iran attack plans

Brent futures for July were down $1.13, or 1%, at $110.97 a barrel

Updated 19 May, 2026 05:45pm

Stocks

Asian shares mixed, bonds recover as oil eases on Trump's Iran comments

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.22%

Published 19 May, 2026 07:39am

Bullion Rate

Gold steady on weaker dollar after Trump pauses planned Iran attack

Spot gold was steady at $4,565.40 per ounce

Updated 19 May, 2026 01:24pm

Pakistan

Delay, detention certificates issued by Customs authorities: APTMA seeks PM’s intervention for implementation of apex court’s orders

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has sought the Prime Minister’s intervention to ensure...

Published 19 May, 2026 06:02am

Pakistan

Rehabilitation of ML-1 project: ADB likely to approve USD1.2bn financing

ISLAMABAD: The Asian Development Bank (ADB) is likely to approve a financing facility of around USD 1.2 billion for...

Published 19 May, 2026 06:02am

Business & Finance

Issuance of Panda Bond: Aurangzeb lauds AIIB’s support

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a delegation of...

Published 19 May, 2026 06:02am

Pakistan

Pakistan and US: Overseas Pakistanis eye expanding investment, trade: Saeed Sheikh

KARACHI: With relations between Pakistan and the United States showing steady improvement, overseas Pakistanis see a...

Published 19 May, 2026 06:02am

Companies

IMC marks 35 years of Toyota’s presence

KARACHI: Indus Motor Company (IMC) marked 35 years of Toyota’s presence in Pakistan on Thursday, celebrating a...

Published 19 May, 2026 06:02am

Industry

TDAP showcases Pakistan’s food products at SIAL China 2026

SHANGHAI: The Trade Development Authority of Pakistan (TDAP) is participating in the prestigious SIAL China 2026...

Published 19 May, 2026 06:02am

Pakistan

Moot criticises economic policies of govt

KARACHI: A National Alliance Conference was held under the chairmanship of the NDC (National Dialogue Council)....

Published 19 May, 2026 06:02am

Industry

Business community concerned over Iran power import tariff

LAHORE: Pakistan’s business community has expressed serious concerns over the newly-approved electricity import...

Published 19 May, 2026 06:02am

Companies

CCP approves investment by CDC in NCMCL

ISLAMABAD: The Competition Commission of Pakistan (CCP) Monday approved a proposed investment by the Central...

Published 19 May, 2026 06:02am

Business & Finance

Mian Zahid concerned at rising trade deficit, balance of payments

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial...

Published 19 May, 2026 06:02am

Business & Finance

PM urges Freedom Holding to build Pakistan’s financial markets

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday urged Freedom Holding Corp to play an active role in developing...

Published 19 May, 2026 06:02am

Business & Finance

Rwanda urges Pakistani investors to tap East African market

LAHORE: Rwanda’s High Commissioner to Pakistan, Harerimana Fatou, has invited Pakistani investors to explore...

Published 19 May, 2026 06:02am

Business & Finance

Export facilitation, tax reforms, digitization: FPCCI assured of relief measures

ISLAMABAD: Finance Minister Muhammad Aurangzeb Monday assured the Federation of Pakistan Chambers of Commerce and...

Updated 19 May, 2026 07:38am

Business & Finance

ILO says ME war threatens millions of jobs

GENEVA: The Middle East war is undermining wages and working conditions way beyond the conflict region, the UN’s...

Published 19 May, 2026 06:02am

Business & Finance

Sovereign debt tokenisation, blockchain-based bonds, NPCs: Govt initiates high-level discussions

ISLAMABAD: The government on Monday initiated high-level discussions on sovereign debt tokenisation, exploring...

Published 19 May, 2026 06:02am

Business & Finance

Rising global oil prices push April C/A into deficit

KARACHI: Pakistan’s current account swung back into deficit in April as a sharp rise in imports, driven largely by...

Published 19 May, 2026 06:02am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 27	278.06
USD PKR Interbank Buying / Jul 27	277.86
USD to Japanese Yen / Jul 28	163.75
USD to Swiss Franc / Jul 28	0.82
Pound Sterling to USD / Jul 28	1.33
Euro to USD / Jul 28	1.14
SOFR % / Jul 27	3.64

Stock	Volume
S&P 500 / Jul 27	7,413.18
Nasdaq / Jul 27	24,932.08
Dow Jones / Jul 27	52,210.08
India Sensex / Jul 28	76,916.26
Tokyo Nikkei / Jul 28	62,078.15
Hang Seng / Jul 28	25,254.48
FTSE 100 / Jul 28	10,802
Germany DAX 30 / Jul 28	25,507.27
France CAC40 / Jul 28	8,432.64

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 27	18,480
Gold 10 Grams PKR / Jul 27	370,144
Petrol/Litre / Jul 28	334.18
Crude Oil USD/Barrel / Jul 28	82.05
Gold Spot USD/Ounce / Jul 28	4,040.61
Diesel/Litre / Jul 28	386.83
Cotton US¢/pound / Jul 28	80.50

Gainers
Losers
Leaders

Stock	Price
Khalid Siraj / Jul 28 Khalid Siraj Textile Mills Limited(KSTM)	14.80 ▲ 1.35 (10.04%)
Intermarket Securities / Jul 28 Intermarket Securities Limited(IMS)	26.79 ▲ 2.44 (10.02%)
Baba Farid Sugar / Jul 28 Baba Farid Sugar Mills Limited(BAFS)	546.95 ▲ 49.72 (10%)
First Tri-Star Mod. / Jul 28 First Tri-Star Modaraba(FTSM)	37.96 ▲ 3.45 (10%)
Khairpur Sug. / Jul 28 Khairpur Sugar Mills Limited(KPUS)	1,337.15 ▲ 121.56 (10%)
National Silk / Jul 28 The National Silk & Rayon Mills Limited(NSRM)	304.10 ▲ 27.65 (10%)
Ellcot Spinning / Jul 28 Ellcot Spinning Mills Limited(ELSM)	146.72 ▲ 13.34 (10%)
Aisha Steel(ConPS) / Jul 28 Aisha Steel(ConPS)(ASLPS)	29.27 ▲ 2.66 (10%)
786 Invest Ltd / Jul 28 786 Investments Limited(786)	23.45 ▲ 2.13 (9.99%)
Asim Textile / Jul 28 Asim Textile Mills Limited(ASTM)	28.84 ▲ 2.62 (9.99%)

Stock	Price
Maqbool Textile / Jul 28 Maqbool Textile Mills Limited(MQTM)	32.37 ▼ -3.6 (-10.01%)
Olympia Mills / Jul 28 Olympia Mills Limited(OML)	140.34 ▼ -15.59 (-10%)
TPL Insurance / Jul 28 TPL Insurance Limited(TPLI)	72.29 ▼ -8.03 (-10%)
Pakistan Credit Rating Agency / Jul 28 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	32.52 ▼ -3.5 (-9.72%)
Nets Internat.Comm. / Jul 28 Nets International Communication Limited(GEMNETS)	23.50 ▼ -2.5 (-9.62%)
Asia Ins. / Jul 28 Asia Insurance Company Limited(ASIC)	44.90 ▼ -4.56 (-9.22%)
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	2.37 ▼ -0.23 (-8.85%)
Shahzad Tex. / Jul 28 Shahzad Textile Mills Limited(SZTM)	88.70 ▼ -8.19 (-8.45%)
First IBL Mod. / Jul 28 First IBL Modaraba(FIBLM)	15.44 ▼ -1.23 (-7.38%)
Crescent Fib. / Jul 28 Crescent Fibres Limited(CFL)	54.12 ▼ -4.24 (-7.27%)

Stock	Volume
Cnergyico PK / Jul 28 Cnergyico PK Limited(CNERGY)	234,900,695 ▲ 0.27
WorldCall Telecom / Jul 28 Worldcall Telecom Limited(WTL)	60,428,878 ▼ -0.03
Trust Sec.& Brok. / Jul 28 Trust Securities & Brokerage Limited(TSBL)	38,661,267 ▼ -0.23
Pak Refinery / Jul 28 Pakistan Refinery Limited(PRL)	33,950,883 ▲ 3.67
Maple Leaf Cement / Jul 28 Maple Leaf Cement Factory Limited(MLCF)	20,718,518 ▲ 1.34
Ghani Chem. Ind. / Jul 28 Ghani Chemical Industries Limited(GCIL)	20,164,074 ▲ 1.7
TPL Corp Ltd / Jul 28 TPL Corp Limited(TPL)	19,742,684 ▲ 0.22
Intermarket Securities / Jul 28 Intermarket Securities Limited(IMS)	14,661,206 ▲ 2.44
K-Electric Ltd. / Jul 28 K-Electric Limited(KEL)	11,891,860 ▼ -0.03
Itanz Technologies / Jul 28 Itanz Technologies Limited(ITANZ)	10,887,468 ▼ -0.24

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