News Archives for Business & Finance - 2026-06-08

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Business & Finance - 2026-06-08

Companies

India's BPCL says to shut crude unit at Mumbai refinery in November

The state-run refiner initially planned to shut the units at the 200,000-bpd

Published 08 Jun, 2026 10:02pm

Pakistan

Dar chairs review of auto policy with focus on accelerating EV transition

Meeting targets accelerating Pakistan's EV adoption, strengthening manufacturing, and mitigating climate change impacts

Published 08 Jun, 2026 08:13pm

USA

India-US trade deal can be finalised after tariff probe concludes, official says

Bilateral trade talks gathered pace last week as a US delegation held three days of talks with Indian trade officials in New Delhi

Published 08 Jun, 2026 08:12pm

Companies

PTC seeks 10-year fixed-rate financing, tax relief for exporters in budget

Pakistan's textile sector calls for 10-year fixed financing, FTR restoration, and tax abolition in the 2026-27 budget to boost exports and investment.

Published 08 Jun, 2026 08:03pm

Markets

India reports surprise current account surplus in Jan-March quarter

The current account surplus stood at $7.1 billion

Published 08 Jun, 2026 05:37pm

Companies

Wahdat Poultry purchases 100,000 birds through IPO proceeds

Wahdat Poultry Farm Limited has commenced the rearing of an additional flock of 100,000 layer birds using proceeds...

Published 08 Jun, 2026 04:19pm

Exchange

Rupee records gain against US dollar

Settles at 278.40 against greenback

Updated 08 Jun, 2026 07:16pm

Commodities

Palm climbs on anticipated output drop, Indonesia uncertainty caps gains

Dalian’s most-active soyoil contract fell 0.82%

Published 08 Jun, 2026 03:37pm

Business & Finance

Pakistan, Mauritius eye to enhance bilateral trade

Pakistan and Mauritius have reaffirmed their commitment to strengthening bilateral trade and investment ties, as...

Updated 08 Jun, 2026 04:06pm

Commodities

Japan rubber futures decline on higher natural, synthetic supply prospects

OSE rubber contract for November delivery was down 4.9 yen, or 1.14%, at 424.7 yen per kg

Published 08 Jun, 2026 02:13pm

Financial

Japanese government bond yields rise as Gulf flare-up stokes inflation concerns

The yield on the 10-year JGB climbed 5 basis points (bps) to 2.715%

Published 08 Jun, 2026 01:55pm

Stocks

Major Gulf markets drop amid fresh Middle East tensions

Dubai’s main share index dropped 1.3%

Published 08 Jun, 2026 01:09pm

Stocks

New Zealand stocks hit near two-week low tracking global peers

Benchmark S&P/NZX 50 index fell 0.9% to 13,038.24 points

Published 08 Jun, 2026 01:01pm

Commodities

Gold price per tola drops by Rs3,094 in Pakistan

10-gram gold sold at Rs386,987 after it fell by Rs2,785

Updated 08 Jun, 2026 06:51pm

Stocks

Japan's Nikkei slumps, yen trades above 160 level on tech, Gulf concerns

Benchmark Nikkei 225 Index dropped 3.85% to close at 64,024.60

Published 08 Jun, 2026 12:58pm

Stocks

South Korea's KOSPI craters over 8% as Fed fears spark tech rout

KOSPI fell 8.3% to close at 7,484.41

Published 08 Jun, 2026 12:56pm

Business & Finance

SECP eases licensing process for cos with foreign sponsors

In a bid to improve Pakistan’s investment climate, the Securities and Exchange Commission of Pakistan (SECP) has...

Published 08 Jun, 2026 12:54pm

Stocks

Europe's STOXX 600 hits two-week low on Mideast escalation, AI jitters

The pan-European STOXX 600 index fell 0.9% to 616.04 points

Published 08 Jun, 2026 12:53pm

Energy

Saudi Arabia sharply cuts July OSP for Asia amid slow demand

The July OSP for flagship Arab Light crude has been set at a premium of $9.50 a barrel above the average Dubai and Oman quotes

Published 08 Jun, 2026 11:23am

Commodities

London copper near 1-week low on continued inflation worries

Benchmark three-month copper on the LME increased 0.38% to $13,570.5 a metric ton

Published 08 Jun, 2026 11:12am

Currency

Indian rupee slumps as elevated crude, Treasury yields support dollar

Indian rupee ended down 0.8% in its sharpest fall in four weeks to settle at 95.7075 per dollar

Updated 08 Jun, 2026 03:28pm

Stocks

Indian shares decline to two-month lows on oil spike, Asia selloff

Nifty 50 fell 1.04% to 23,123 and the BSE Sensex shed 0.97% to 73,524.26

Updated 08 Jun, 2026 03:20pm

Commodities

Gold extends losses on US interest rate-hike fears

Spot gold fell 0.2% to $4,319.09 per ounce

Published 08 Jun, 2026 10:21am

Forex

Dollar hits two-month peak as Fed hike bets ramp up

Against the dollar, the euro fell to a two-month low of $1.1507

Published 08 Jun, 2026 10:18am

Technology

Pakistan's iTANZ approves Rs4.34bn overseas acquisition

The settlement of the entire amount shall be made over a period of 5 years

Published 08 Jun, 2026 10:17am

Commodities

Oil prices pare gains after Iran and Israel say they have halted attacks

Brent crude futures were up $1.71 at $94.85 a barrel as of 11:10 a.m. ET (1510 GMT)

Updated 08 Jun, 2026 08:48pm

Stocks

KSE-100 Index sheds over 1,500 points as Middle East tensions weigh on sentiment

Benchmark index settles at 168,953.70

Updated 08 Jun, 2026 06:49pm

Business & Finance

Weekly Cotton Review: New crop season brings mixed price trends

KARACHI: Pakistan’s cotton sector is navigating a turbulent period as the new crop season brings mixed price trends,...

Published 08 Jun, 2026 02:29am

Business & Finance

OPEC+ approves fourth oil output quota hike since Hormuz closure

LONDON: OPEC+ agreed on Sunday a fourth increase in its oil output targets in as many months, even though the US war...

Published 08 Jun, 2026 02:29am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 11	278.55
USD PKR Interbank Buying / Jun 11	278.35
USD to Japanese Yen / Jun 12	160.25
USD to Swiss Franc / Jun 12	0.80
Pound Sterling to USD / Jun 12	1.34
Euro to USD / Jun 12	1.16
SOFR % / Jun 11	3.63

Stock	Volume
S&P 500 / Jun 11	7,394.30
Nasdaq / Jun 11	25,809.66
Dow Jones / Jun 11	50,848.75
India Sensex / Jun 12	74,528.22
Tokyo Nikkei / Jun 12	66,442.95
Hang Seng / Jun 12	24,663.39
FTSE 100 / Jun 12	10,463.32
Germany DAX 30 / Jun 12	24,711.94
France CAC40 / Jun 12	8,379.29

Item	Value
Gold 10 Grams PKR / Jun 11	369,422
Petrol/Litre / Jun 12	377.78
Crude Oil USD/Barrel / Jun 12	86.01
Gold Spot USD/Ounce / Jun 12	4,185.86
Diesel/Litre / Jun 12	380.78
Cotton US¢/pound / Jun 12	76.89

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.71 ▲ 1 (12.97%)
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Fateh Sports / Jun 12 Fateh Sports Wear Limited(FSWL)	88.31 ▲ 8.02 (9.99%)
First Fid. Leasing / Jun 12 First Fidelity Leasing Modaraba(FFLM)	12.91 ▲ 1.17 (9.97%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	19.93 ▼ -2.21 (-9.98%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.09 ▼ -2.38 (-9.73%)
ICC Industries / Jun 12 ICC Industries Limited(ICCI)	13.50 ▼ -1.43 (-9.58%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Crescent Fib. / Jun 12 Crescent Fibres Limited(CFL)	55 ▼ -4.99 (-8.32%)
D.S. Ind. Ltd. / Jun 12 D.S. Industries Limited(DSIL)	11.29 ▼ -0.99 (-8.06%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.48 ▼ -1.27 (-7.58%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,693,670 ▲ 0.2
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,797,271 ▲ 0.87
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,451,331 ▲ 0.38
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,500,971 ▲ 0.02
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,844,548 ▲ 4.19
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	32,892,948 ▼ -2.21
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	27,977,561 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,006 ▼ -0.51
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,636,697 ▲ 0.25
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	19,979,231 ▲ 0.28

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