News Archives for Business & Finance - 2026-05-29

<<>>

Business & Finance - 2026-05-29

Money & Banking

India's state-run REC, SIDBI eye floating-rate bond sales before RBI decision, sources say

Small Industries Development Bank of India may raise 30 billion rupees through bonds maturing in about three years

Published 29 May, 2026 07:35pm

Forex

Indian central bank's FX trading gains surge 52% to $17.7 billion in FY26, boosting income

Reserve Bank of India’s balance sheet expands by 20.61% to 91.97 trillion Indian rupees as of March 31, 2026

Published 29 May, 2026 06:58pm

Markets

India insurers seek doubling of tax-free limit for some products to boost inflows, sources say

The flows for fiscal 2026 grow 16%, largely due to a reduction in the goods and services tax.

Published 29 May, 2026 06:35pm

Forex

India's RBI plans expansion of digital rupee through welfare schemes, cross border payments

The move comes as India seeks to broaden the use of the digital Indian rupee and explore its role in cross-border payments

Published 29 May, 2026 06:10pm

Stocks

Sri Lankan shares rise on gains across sectors

CSE All Share index settled up 0.5% at 22,310.80

Published 29 May, 2026 06:00pm

Energy

Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources say

Indian Oil Corporation purchases Angola’s Kissanje and Nemba crude grades for delivery to its Paradip Refinery refinery

Published 29 May, 2026 05:55pm

Forex

India's forex reserves fall to over one-year low as central bank mounts Indian rupee defence

The $7.5 billion decline is largely due to a $4.5 billion fall in the value of the central bank’s gold holdings

Published 29 May, 2026 05:39pm

Financial

India's maritime lender set to launch country's first blue bond, top exec says

Sagarmala plans to raise up to 10bn Indian rupees through India’s first-ever 'blue bond' issuance, including a greenshoe option of 5bn Indian rupees

Published 29 May, 2026 05:33pm

Companies

Indian airline IndiGo posts quarterly loss on capacity curbs, declining Indian rupee

Quarterly revenue grows 1.3%; however, expenses jump at a faster pace, rising nearly 31%

Published 29 May, 2026 05:10pm

Commodities

Copper slips after strong month as lack of news on Iran deal curbs upswing

Three-month copper on the LME was down 0.1% at $13,690 a metric ton

Published 29 May, 2026 05:04pm

Commodities

Palm oil books a second straight weekly gain

Dalian’s most-active soyoil contract rose 0.75%

Published 29 May, 2026 04:59pm

Forex

Indian rupee soars to best day in nearly two months as central bank steps in, oil drops

Indian rupee ended the session at 95 per dollar

Published 29 May, 2026 04:34pm

Technology

Pakistan’s iTANZ eyes $45mn tech opportunities through China partnerships

iTANZ was part of the official delegation accompanying Prime Minister Shehbaz Sharif during his visit to China

Published 29 May, 2026 04:23pm

Stocks

Indian equity benchmarks log monthly losses on Iran war jitters

Nifty 50 fell 1.5% to 23,547.75 and the BSE Sensex shed 1.44% to 74,775.74 on Friday

Published 29 May, 2026 04:23pm

Exchange

Rupee registers gain against US dollar

Settles at 278.50 against greenback

Updated 29 May, 2026 09:17pm

Taxes

FBR offices to remain open on weekend

The Federal Board of Revenue (FBR) directed on Friday all Large Taxpayers’ Offices (LTOs), Medium Taxpayers’ Offices...

Published 29 May, 2026 03:27pm

Commodities

Gold price drops by Rs500 per tola in Pakistan

Reaches Rs474,862

Published 29 May, 2026 02:50pm

Markets

French GDP slips 0.1% in first quarter: official data

The decline resulted from lower consumer spending than initially estimated

Published 29 May, 2026 12:05pm

Companies

Service Global appoints CEO, chairman

Appoints Hassan Javed as CEO and Arif Saeed as chairman

Published 29 May, 2026 11:16am

Stocks

KSE-100 gains 1.3% in strong post-Eid trading session

Benchmark index closes at 173,962.81

Updated 29 May, 2026 10:52pm

Commodities

Copper set for second straight monthly gain on US-Iran peace deal hopes

The most-traded copper contract on the Shanghai Futures Exchange was up 0.8% at 104,900 yuan

Published 29 May, 2026 11:10am

Forex

China's yuan firms as dollar weakens on Iran-US ceasefire optimism

The onshore yuan was up 0.07% at 6.7705 to the dollar

Published 29 May, 2026 11:01am

Bullion Rate

Gold edges higher as investors weigh US-Iran ceasefire deal reports

Spot gold rose 0.2% to $4,499.56 per ounce

Published 29 May, 2026 10:58am

Budgets

Budget FY26-27: President summons session on June 5

The session is summoned following calls for sustainable economic reform

Updated 29 May, 2026 10:52pm

Stocks

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs

Moves in the Asia morning were modest, with S&P 500 futures steady after the index notched another record closing high overnight

Published 29 May, 2026 10:56am

Forex

Dollar heads for weekly loss on reports of US-Iran ceasefire deal

The euro fetched $1.1653, up 0.03% so far in Asia, while the pound traded flat at $1.3445

Published 29 May, 2026 10:49am

Forex

Australia and NZ dollars get risk reprieve, kiwi gets added rate boost

The kiwi dollar fared even better to reach a two-week top at $0.5935

Published 29 May, 2026 10:46am

Stocks

Australian shares climb with miners, gold stocks leading gains

The benchmark closed 1.4% lower on Thursday. It is set for a 0.2% weekly gain

Published 29 May, 2026 10:43am

Energy

Saudi Arabia may lower July oil prices to Asia as demand weakens

The July OSP for flagship Arab Light crude may slide to a premium of $7.50 to $12.50 a barrel above the average Dubai and Oman quotes

Published 29 May, 2026 10:40am

Mutual Funds

India bonds likely to rise on lower oil, but debt supply tempers optimism

The benchmark 6.48% 2035 note is expected to trade in the 6.96% to 7.02% range, a private bank trader said

Published 29 May, 2026 10:37am

Stocks

Japan's Nikkei climbs toward record high on Mideast, AI optimism

The Nikkei climbed as much as 2.1% in early trading to reach 66,041.83, putting it not far from Wednesday's all-time peak of 66,428.81

Published 29 May, 2026 10:35am

Forex

Indian rupee likely to contend with outflows even as US-Iran ceasefire reports give oil relief

The Trump administration has several times said a deal to end the fighting was close, only to have Iran dispute or downplay the claims

Published 29 May, 2026 10:31am

Stocks

IT leads Indian shares higher after Wipro's AI deal

The benchmark Nifty 50 rose 0.13% to 23,935.45

Published 29 May, 2026 10:26am

Stocks

China stocks mixed as semiconductors drag, Lenovo helps Hong Kong rebound

China’s blue-chip CSI300 Index was largely flat by the lunch break

Published 29 May, 2026 10:19am

Commodities

Oil prices fall 2% as market awaits possible US-Iran ceasefire deal

Brent crude futures for ‌July , which expire later on Friday, were down $1.74, or 1.86%, at $91.97 a barrel by 10:58am CDT (1558 GMT)

Updated 29 May, 2026 10:57pm

Energy

Oil prices settle in mixed direction on conflicting reports of US-Iran ceasefire deal

Brent crude futures for July , which expire on Friday's settlement, closed down 58 cents, or 0.6%, at $93.71 a barrel

Updated 29 May, 2026 10:05am

Middle East

US imposes fresh sanctions on Iran's military oil sales, Treasury says

Global market impact of the conflict

Updated 29 May, 2026 04:21am

USA

Key US inflation measure posts largest annual increase in three years

Core PCE inflation advances 3.3% on year-over-year basis, versus Fed's 2% target

Published 29 May, 2026 01:43am

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 4	160
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 4	3.63

Stock	Volume
S&P 500 / Jun 4	7,584.31
India Sensex / Jun 4	74,360.01
Tokyo Nikkei / Jun 4	67,470.69
Nasdaq / Jun 4	26,830.96
Hang Seng / Jun 4	25,253.40
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

Item	Value
Crude Oil USD/Barrel / Jun 4	92.89
Gold 10 Grams PKR / Jun 4	402,335
Gold Spot USD/Ounce / Jun 4	4,470.19
Cotton US¢/pound / Jun 4	78.49
Petrol/Litre / Jun 5	381.78
Diesel/Litre / Jun 5	380.78

Gainers
Losers
Leaders

Stock	Price
Zephyr Textile / Jun 5 Zephyr Textiles Limited(ZTL)	17.57 ▲ 1.6 (10.02%)
Ruby Textile / Jun 5 Ruby Textile Mills Limited(RUBY)	20.54 ▲ 1.87 (10.02%)
Pak Qatar Gen.Takaful / Jun 5 Pak Qatar General Takaful Limited(PQGTL)	16.70 ▲ 1.52 (10.01%)
Zahid Jee Textile / Jun 5 Zahidjee Textile Mills Limited(ZAHID)	60.80 ▲ 5.53 (10.01%)
Leiner Pak Gelat / Jun 5 Leiner Pak Gelatine Limited(LPGL)	99.09 ▲ 9.01 (10%)
Sanghar Sugar / Jun 5 Sanghar Sugar Mills Limited(SANSM)	139.62 ▲ 12.69 (10%)
Zuma Resources / Jun 5 Zuma Resources Limited(ZUMA)	79.88 ▲ 7.26 (10%)
Kohinoor Power / Jun 5 Kohinoor Power Company Limited(KOHP)	28.51 ▲ 2.59 (9.99%)
Pak Qatar Family / Jun 5 Pak Qatar Family Takaful Limited(PAKQATAR)	27.97 ▲ 2.54 (9.99%)
Bank Makramah / Jun 5 Bank Makramah Limited(BML)	58 ▲ 5.25 (9.95%)

Stock	Price
F.Credit & Inv / Jun 5 First Credit and Investment Bank Limited(FCIBL)	40.49 ▼ -4.5 (-10%)
Aisha Steel(ConPS) / Jun 5 Aisha Steel(ConPS)(ASLPS)	29.43 ▼ -3.27 (-10%)
AN Textile Mills / Jun 5 AN Textile Mills Limited(ANTM)	29.10 ▼ -2.7 (-8.49%)
Fateh Ind. / Jun 5 Fateh Industries Limited(FIL)	166.02 ▼ -14.04 (-7.8%)
Sana Ind / Jun 5 Sana Industries Limited(SNAI)	38.50 ▼ -3.22 (-7.72%)
Shahzad Tex. / Jun 5 Shahzad Textile Mills Limited(SZTM)	70 ▼ -4.2 (-5.66%)
Rupali polyester / Jun 5 Rupali Polyester Limited(RUPL)	25.21 ▼ -1.45 (-5.44%)
Shadman Cotton / Jun 5 Shadman Cotton Mills Limited(SHCM)	49.20 ▼ -2.47 (-4.78%)
Frontier Ceramics / Jun 5 Frontier Ceramics Limited(FRCL)	75.04 ▼ -3.6 (-4.58%)
Tri-Star Mutual / Jun 5 Tri-Star Mutual Fund Limited(TSMF)	17.60 ▼ -0.84 (-4.56%)

Stock	Volume
Hascol Petrol / Jun 5 Hascol Petroleum Limited(HASCOL)	13,463,442 ▲ 0.45
Waves Home Appliances / Jun 5 Waves Home Appliances Limited(WAVESAPP)	10,471,256 ▲ 0.67
WorldCall Telecom / Jun 5 Worldcall Telecom Limited(WTL)	9,216,425 ▲ 0.02
Pak Qatar Gen.Takaful / Jun 5 Pak Qatar General Takaful Limited(PQGTL)	8,881,477 ▲ 1.52
TPL Properties / Jun 5 TPL Properties Limited(TPLP)	8,790,273 ▲ 0.32
Beco Steel Ltd / Jun 5 Beco Steel Limited(BECO)	7,565,126 ▲ 0.03
Maple Leaf Cement / Jun 5 Maple Leaf Cement Factory Limited(MLCF)	7,372,627 ▲ 1.14
Thatta Cement / Jun 5 Thatta Cement Company Limited(THCCL)	7,118,319 ▲ 5.07
TRG Pak Ltd / Jun 5 TRG Pakistan Limited(TRG)	6,885,965 ▲ 1.31
Treet Battery / Jun 5 Treet Battery Limited(TBL)	4,968,134 ▲ 0.13

Most Popular