News Archives for Business & Finance - 2026-05-28

<<>>

Business & Finance - 2026-05-28

Europe

Russia sends first LNG tanker this year eastward along the Arctic, data shows

The ice-class carrier Christophe de Margerie departs with a cargo from the Arctic LNG 2 plant

Published 28 May, 2026 08:55pm

Markets

Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says

'The monetary stance is broadly appropriate. Inflation is projected to remain around the 5% target,' says Evan

Updated 28 May, 2026 11:47pm

Stocks

Wall St muted as investors assess inflation data, Mideast developments

Dow Jones Industrial Average fell 110.97 points, or 0.22%, to 50,533.31

Published 28 May, 2026 07:36pm

Commodities

Copper rises after China news, but nervous over Iran strikes

Three-month copper on the London Metal Exchange added 0.4% to $13,582 a metric ton

Published 28 May, 2026 05:07pm

Commodities

Palm rises on firmer crude, rival oil prices

Dalian’s most-active soyoil contract rose 1.07%

Published 28 May, 2026 05:03pm

Commodities

Asia rice: Indian prices extend gains; Thai demand firms

India’s 5% broken parboiled variety is quoted this week at $337–$345 per ton

Published 28 May, 2026 04:51pm

Commodities

China's April net gold imports via Hong Kong rise 81.2% from March

China’s total gold imports via Hong Kong stand at 99.327 tons in April

Published 28 May, 2026 04:46pm

Sports

Style and steel as Osaka tames Vekic to reach Paris third round

Naomi Osaka saves a break point in the next game to close out the win in one hour and 50 minutes

Updated 28 May, 2026 11:44pm

Markets

Royal Bank of Canada's quarterly profit rises on trading boost

The lender reported a net income of C$5.51 billion ($3.98 billion), or ‌C$3.85 ⁠per share

Published 28 May, 2026 03:12pm

Markets

China's auto industry is unlikely to return to 'golden era,' NIO CEO says

A rebound in the world’s largest auto market has yet to materialise, despite the sector’s continued export strength, Li told reporters in Beijing

Published 28 May, 2026 01:48pm

Markets

Singapore Airlines and Air New Zealand to expand joint network as travel demand grows

Air NZ will launch three weekly services between Singapore and Christchurch with its ‌Boeing ⁠787 aircraft

Published 28 May, 2026 01:41pm

Energy

Chevron files request to acquire offshore Greek block, energy ministry says

Once approved, Chevron will become the operator and lead the search ‌for ⁠gas in Block 2 in the southwest of the Ionian Sea, with Helleniq retaining 30%, the ministry said ⁠in a statement

Published 28 May, 2026 01:28pm

Markets

Deutsche Bank investors urge bank to keep lid on costs

The meeting, the first in-person gathering since before the coronavirus pandemic started in 2019, follows one of the bank's biggest annual profits in years as it recovered from a string of crises

Published 28 May, 2026 01:24pm

Markets

UniCredit prices loans using significant risk transfer capital relief, Bloomberg News reports

Banks use significant risk transfer transactions to free up capital that would otherwise be tied up against their loan books ⁠for regulatory purposes

Published 28 May, 2026 01:22pm

Energy

TotalEnergies files for authorisation of €4.5 billion offshore wind project in Normandy

The project represents a €4.5 ‌billion ($5.2 ⁠billion) investment and will employ up to ⁠2,500 people during the three-year ⁠construction phase, the ⁠company said

Published 28 May, 2026 11:31am

Forex

South African rand weakens ahead of central bank rate decision

South Africa's annual inflation quickened to 4.0% year on year in April, driven mainly by sharp fuel price rises linked to the U.S.-Israel war against Iran

Published 28 May, 2026 11:08am

Markets

Toyota sales drop for third month on declines in China, Middle East

Global production rose 2.0% in April from a year earlier, ⁠as a 12.9% rise in Asia helped offset declines in ⁠the U.S. and Japan

Published 28 May, 2026 10:31am

Bullion Rate

Gold hits two-month low as US-Iran tension stokes inflation fears

Spot gold was down 1.7% at $4,380.62 per ounce

Updated 28 May, 2026 01:14pm

Energy

Oil prices fall after media report about a deal between US and Iran

Brent crude futures fell 22 cents, or 0.2%, to $94.07 a barrel

Updated 28 May, 2026 08:25pm

Stocks

Shares falter, oil gains as Gulf hostilities heat up

MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.7%

Published 28 May, 2026 09:47am

Forex

Dollar firms to one-week high as Gulf tensions flare, yen nears intervention zone

The dollar index , which measures the greenback's strength against a basket of six major peers, strengthened 0.17% to 99.464, near its highest level since May 21

Updated 28 May, 2026 01:12pm

Energy

Oil settles 5% lower as investors await updates on U.S.-Iran peace deal talks

Crude oil dropped, with Brent settling at $94.29 and WTI at $88.68

Updated 28 May, 2026 05:45am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 4	278.62
USD PKR Interbank Buying / Jun 4	278.42
USD to Japanese Yen / Jun 5	159.94
USD to Swiss Franc / Jun 5	0.79
Pound Sterling to USD / Jun 5	1.34
Euro to USD / Jun 5	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
Nasdaq / Jun 4	26,830.96
FTSE 100 / Jun 4	10,332.30
Dow Jones / Jun 4	51,561.93
Germany DAX 30 / Jun 4	24,944.95
France CAC40 / Jun 4	8,244.29
India Sensex / Jun 5	74,364.43
Tokyo Nikkei / Jun 5	66,812.85
Hang Seng / Jun 5	24,982.27

Item	Value
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Petrol/Litre / Jun 5	381.78
Crude Oil USD/Barrel / Jun 5	93.10
Diesel/Litre / Jun 5	380.78
Cotton US¢/pound / Jun 5	77.59

Gainers
Losers
Leaders

Stock	Price
First Fid. Leasing / Jun 5 First Fidelity Leasing Modaraba(FFLM)	7.76 ▲ 1 (14.79%)
Gulistan Sp. / Jun 5 Gulistan Spinning Mills Limited(GUSM)	8.06 ▲ 1 (14.16%)
Dadabhoy Cement / Jun 5 Dadabhoy Cement Industries Limited(DBCI)	8.16 ▲ 1 (13.97%)
Paramount Spinning / Jun 5 Paramount Spinning Mills Limited(PASM)	8.41 ▲ 1 (13.5%)
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	8.98 ▲ 1 (12.53%)
First Capital Equities / Jun 5 First Capital Equities Limited(FCEL)	5.30 ▲ 0.52 (10.88%)
Merit Packaging / Jun 5 Merit Packaging Limited(MERIT)	10.35 ▲ 1 (10.7%)
D.S. Ind. Ltd. / Jun 5 D.S. Industries Limited(DSIL)	11.19 ▲ 1.02 (10.03%)
Askari Life Assur. / Jun 5 Askari Life Assurance Company Limited(ALAC)	23.28 ▲ 2.12 (10.02%)
Dewan Automotive Eng. / Jun 5 Dewan Automotive Engineering Limited(DWAE)	29 ▲ 2.64 (10.02%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	66.78 ▼ -7.42 (-10%)
Ghazi Fabrics / Jun 5 Ghazi Fabrics International Limited(GFIL)	29.21 ▼ -3.23 (-9.96%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Shams Textile / Jun 5 Shams Textile Mills Limited(STML)	38.10 ▼ -2.55 (-6.27%)
Mandviwala / Jun 5 Mandviwala Mauser Plastic Industries(MWMP)	65 ▼ -4 (-5.8%)
Mughal Energy / Jun 5 Mughal Energy Limited(GEM)(GEMMEL)	21.30 ▼ -1.18 (-5.25%)
Husein Industries / Jun 5 Husein Industries Limited(HUSI)	34.13 ▼ -1.87 (-5.19%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	39.70 ▼ -2.02 (-4.84%)
JS Investments / Jun 5 JS Investments Limited(JSIL)	40 ▼ -2 (-4.76%)

Stock	Volume
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	41,992,586 ▲ 0.53
TPL Corp Ltd / Jun 5 TPL Corp Limited(TPL)	41,990,948 ▲ 0.53
Pace (Pak) Ltd. / Jun 5 Pace (Pakistan) Limited(PACE)	41,639,369 ▲ 0.9
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	26,329,637 ▼ -0.23
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	23,800,560 ▲ 0.02
Pervez Ahmed Consultancy / Jun 5 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,604,921 ▲ 0.08
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	17,744,957 ▲ 0.02
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	17,209,572 ▲ 1
Unity Foods Ltd / Jun 5 Unity Foods Limited(UNITY)	15,002,213 ▼ -0.09
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	14,836,146 ▼ -0.86

Most Popular