News Archives for Business & Finance - 2026-08-17

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Business & Finance - 2026-08-17

Markets

Govt increases diesel price by Rs6.47, petrol's by Rs5.77 per litre

New prices will be effective for Tuesday, August 18

Published 17 Aug, 2026 11:22pm

Business & Finance

Pakistan, Egypt agree to boost agricultural cooperation, focus on cotton

Minister says Pakistan values its relations with Egypt and appreciates its expertise in modern agriculture

Published 17 Aug, 2026 10:53pm

Financial

India's dollar-raising blitz cut short on BoP comfort, policy trade-offs, analysts say

India's central bank prematurely closed its FX swap facility, citing strong foreign inflows and concerns over liquidity and costs.

Published 17 Aug, 2026 07:08pm

Business & Finance

SBP cancels Al-Rahim Exchange Company’s licence over regulatory violations

The State Bank of Pakistan (SBP) has cancelled, with immediate effect, the authorization/licence of M/s Al-Rahim...

Published 17 Aug, 2026 06:55pm

Stocks

Most Gulf markets ease as Iran tensions, Hormuz shipping disruptions weigh

Saudi Arabia’s benchmark stock index eased 0.1%

Published 17 Aug, 2026 06:51pm

Energy

India should bring back fuel with lower blend of ethanol, chief economic adviser says

India's E20 fuel policy faces backlash over vehicle performance; a top official now advocates for offering E10 alongside E20 to ease public frustration.

Published 17 Aug, 2026 06:40pm

Stocks

Sri Lankan shares close flat as gains in communication offset healthcare losses

CSE All-Share index settled down 0.03% at 21,616.88

Published 17 Aug, 2026 05:07pm

Forex

India RBI's heavy FX footprint revives memories of a tightly managed Indian rupee

RBI's active intervention is effectively taming rupee volatility, bringing stability amidst turbulent global economic conditions

Published 17 Aug, 2026 04:41pm

Stocks

FTSE 100 set to snap six-day losing streak as miners gain

Blue-chip FTSE 100 index rose 0.1% to 10,757.91 points

Published 17 Aug, 2026 04:35pm

Commodities

Copper prices hit 6-month peak on low inventories

Benchmark copper was up 0.9% at $14,290 a metric ton

Published 17 Aug, 2026 04:32pm

South Asia

Indian court chides SpiceJet as last-minute lessor settlement forces judgement delay

A court slammed SpiceJet for wasting time with last-minute settlements, as the airline's market share plummeted from 15% to just 1.9%

Published 17 Aug, 2026 04:29pm

Business & Finance

Palm hits 4-1/2 month high on El Nino risk

Dalian Commodity Exchange’s most-active soyoil contract rose 0.72%

Published 17 Aug, 2026 04:25pm

Forex

Oil pangs, FX swap window closure drags Indian rupee to two-week low

Indian rupee declined 0.2% to end at 95.6025 per dollar

Published 17 Aug, 2026 04:05pm

Stocks

India's Nifty 50 falls for fifth session on Mideast worries

Nifty 50 fell 0.32% to 24,287.65 and the BSE Sensex lost 0.36% to 77,728.16

Published 17 Aug, 2026 04:02pm

Exchange

Rupee records gain against US dollar

Settles at 277.62

Updated 17 Aug, 2026 07:11pm

Financial

Gold price per tola gains Rs2,000 in Pakistan

Reaches Rs461,936

Updated 17 Aug, 2026 07:02pm

Companies

ABHI Microfinance Bank Starts Digitizing Its Branch Network in a Big Way with the Launch of DIY Banking

ABHI Microfinance Bank is taking a major step in the digital transformation of its branch network with the launch of...

Updated 17 Aug, 2026 08:19pm

Companies

Pakistan’s IT exports hit record US$4.6bn as digital economy emerges as a pillar of economic sovereignty

Pakistan’s most valuable export last year never touched a port. It didn’t sit in a shipping container, clear a...

Published 17 Aug, 2026 03:18pm

Markets

Pakistan refiner Cnergyico expands US crude imports amid Hormuz disruption

Cnergyico is also considering spot purchases against longer-term contracts with Vitol and other suppliers

Published 17 Aug, 2026 03:17pm

Stocks

Most Gulf markets ease as Iran tensions, Hormuz shipping disruptions weigh

Saudi Arabia’s benchmark stock index eased 0.2%

Published 17 Aug, 2026 01:38pm

Companies

Avanceon secures $6.3mn in fuel retail orders from Pakistan’s leading OMCs

Announces in a notice to the Pakistan Stock Exchange today

Published 17 Aug, 2026 01:25pm

Forex

South African rand starts week stronger with inflation data in focus

The rand traded at 16.1425 against the dollar , up roughly 0.4% from ⁠its previous close

Published 17 Aug, 2026 01:04pm

Stocks

European shares tick higher as easing Fed hike bets lift gold

The pan-European STOXX 600 was up 0.2% at 659.30 points

Published 17 Aug, 2026 01:03pm

Business & Finance

Ghandhara Industries to sell UD Trucks in Pakistan

Expects to import and distribute UD Trucks in Pakistan starting the 1st Quarter of CY 2027

Published 17 Aug, 2026 12:34pm

Energy

PPL discovers gas & condensate in Sindh in major exploration win

PPL says discovery opens a new exploration frontier across onshore marshy area and its possible extensions into the shallow offshore

Published 17 Aug, 2026 12:07pm

Commodities

Wheat edges higher on Black Sea risks, dry US Plains

The most-active wheat contract on the Chicago Board of Trade gained 0.04% to $6.89-3/4 a bushel

Published 17 Aug, 2026 11:42am

Markets

Indian central bank likely steps in to defend rupee, traders say

The rupee slipped in early trading to 95.49 per dollar

Published 17 Aug, 2026 11:41am

Stocks

China, HK shares rally on tech rebound; activity data in focus

At the midday break, the Shanghai Composite index was up 0.8% at 3,960.19 points

Published 17 Aug, 2026 11:37am

Markets

Thailand's Q2 GDP beats forecast as full-year outlook is raised

The economy expanded 1.9% in the April-June quarter compared to a year earlier

Published 17 Aug, 2026 11:26am

Mutual Funds

India bonds dip as RBI's diaspora swap move dents sentiment

The yield on the benchmark 6.94% 2036 bond jumped 3.5 basis points to 6.7909%

Published 17 Aug, 2026 11:25am

Mutual Funds

Philippines awards $890 million T-bill offer

BTr awards 21 billion pesos of 182-day T-bills at avg rate of 5.442% versus previous auction average of 5.545%

Published 17 Aug, 2026 11:23am

Commodities

Palm stays rangebound on El Niño concerns

Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange inched up 0.19% to 4,816 ringgit a metric ton

Published 17 Aug, 2026 11:21am

Forex

Thai baht/US dollar steady on Monday

The baht was 0.05% higher at 33.09 versus the dollar, after trading in a range of 33.090 to 33.160

Published 17 Aug, 2026 11:16am

Business & Finance

Artistic Milliners to invest over $18mn in Port Qasim 400-acre Garments City

Project first phase would cover 250 acres, with 35% allocated for internal roads, utilities and green areas

Published 17 Aug, 2026 11:14am

Stocks

Japanese shares trade mostly lower on weak GDP data, surge in JGB yields

The benchmark Nikkei 225 edged 0.01% lower to 68,721.56 in early trading

Published 17 Aug, 2026 11:12am

Forex

Yuan hovers near 3-1/2-year peak ahead of economic data

The yuan is up 0.7% against the dollar this month, and 3.8% firmer this year

Published 17 Aug, 2026 11:10am

Business & Finance

Australia shares fall after NAB results offset miners, Middle East tensions drag

The S&P/ASX 200 index fell 0.3% to 9,084.10

Published 17 Aug, 2026 11:08am

Forex

Australia, New Zealand dollars hit 10-week highs on pared Fed rate risk

The kiwi gained 0.3% to $0.5905, after jumping 0.7% on Friday

Published 17 Aug, 2026 11:05am

Bullion Rate

Gold gains on weaker dollar, reduced Fed rate-hike bets

Spot gold rose 0.4% to $4,391.07 per ounce

Published 17 Aug, 2026 10:58am

Money & Banking

Samba Bank chairman Mustafa Ilyas resigns

Ilyas served as the Chairman of the BoD of Samba Bank since 2022

Published 17 Aug, 2026 10:53am

Stocks

PSX: KSE-100 Index gains nearly 400 points

Benchmark index settles at 180,502.44

Updated 17 Aug, 2026 06:47pm

Forex

Indian rupee set to weaken after central bank curtails dollar inflow window

The Indian rupee is expected to open in the 95.60 to 95.64 range, per traders, having settled at 95.4250 to the dollar on Friday

Published 17 Aug, 2026 08:13am

Stocks

Indian shares set for muted start as crude remains at elevated levels

GIFT Nifty futures were at 24,399 points as of 7:24 a.m. IST, indicating a muted start for the benchmark Nifty 50 index, which closed at 24,366 on Friday

Published 17 Aug, 2026 07:36am

Forex

Yen edges up as traders push back Fed rate hike bets

The yen was 0.2% stronger against the U.S. dollar at 159.055 yen

Published 17 Aug, 2026 07:34am

Stocks

Asian shares mark time as Gulf war keeps oil prices up

On Monday, MSCI's broadest index of Asia-Pacific shares outside Japan was flat

Published 17 Aug, 2026 07:29am

Energy

Oil rises on Iran war stalemate; near-term potential for further gains seen limited

Brent crude futures were up 34 cents, or 0.38%, at $88.86 a barrel

Published 17 Aug, 2026 04:46am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 7	277.22
USD PKR Interbank Buying / Oct 7	277.02
USD to Japanese Yen / Oct 7	158.45
USD to Swiss Franc / Oct 7	0.83
Pound Sterling to USD / Oct 7	1.33
Euro to USD / Oct 7	1.12
SOFR % / Oct 6	3.90

Stock	Volume
S&P 500 / Oct 6	7,818.93
Nasdaq / Oct 6	27,599.89
Dow Jones / Oct 6	51,521.28
India Sensex / Oct 7	72,642.60
Tokyo Nikkei / Oct 7	70,237.46
Hang Seng / Oct 7	24,151.90
FTSE 100 / Oct 7	10,507.70
Germany DAX 30 / Oct 7	25,222.79
France CAC40 / Oct 7	7,808.25

Item	Value
Crude Oil USD/Barrel / Oct 7	90.22
Karachi Cotton PKR/37.32 KG / Oct 7	18,680
Gold 10 Grams PKR / Oct 7	372,458
Gold Spot USD/Ounce / Oct 7	4,143
Cotton US¢/pound / Oct 7	81.21
Petrol/Litre / Oct 8	396.65
Diesel/Litre / Oct 8	394.94

Gainers
Losers
Leaders

Stock	Price
Paramount Mod / Oct 7 First Paramount Modaraba(FPRM)	15.80 ▲ 1.44 (10.03%)
Lse Spac-I Ltd. / Oct 7 Lse Spac-I Limited(SPAC1)	23.39 ▲ 2.13 (10.02%)
Mandviwala / Oct 7 Mandviwala Mauser Plastic Industries(MWMP)	84.88 ▲ 7.72 (10.01%)
Shadman Cotton / Oct 7 Shadman Cotton Mills Limited(SHCM)	74.09 ▲ 6.74 (10.01%)
Treet Corp / Oct 7 Treet Corporation Limited(TREET)	23.07 ▲ 2.1 (10.01%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	44.56 ▲ 4.05 (10%)
Data Agro / Oct 7 Data Agro Limited(DAAG)	92.55 ▲ 8.41 (10%)
Dadex Eternit / Oct 7 Dadex Eternit Limited(DADX)	174.91 ▲ 15.9 (10%)
J.A.Textile / Oct 7 J.A. Textile Mills Limited(JATM)	39.94 ▲ 3.63 (10%)
MACPAC Films / Oct 7 MACPAC Films Limited(MACFL)	76.91 ▲ 6.99 (10%)

Stock	Price
LSE Financial Serv. / Oct 7 LSE Financial Services Limited(LSEFSL)	3.44 ▼ -0.48 (-12.24%)
Azgard Nine (Non-Voti) / Oct 7 Azgard Nine (Non-Voti)(ANLNV)	7.57 ▼ -0.97 (-11.36%)
Asim Textile / Oct 7 Asim Textile Mills Limited(ASTM)	81.72 ▼ -9.08 (-10%)
Popular Islamic / Oct 7 Popular Islamic Modaraba(PIM)	64.01 ▼ -7.11 (-10%)
Pakistan Credit Rating Agency / Oct 7 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.33 ▼ -4.67 (-9.73%)
Noon Sugar / Oct 7 Noon Sugar Mills Limited(NONS)	83.14 ▼ -7.42 (-8.19%)
Fateh Ind. / Oct 7 Fateh Industries Limited(FIL)	262.16 ▼ -22.46 (-7.89%)
Fateh Sports / Oct 7 Fateh Sports Wear Limited(FSWL)	133.98 ▼ -11.07 (-7.63%)
S.S.Oil / Oct 7 S.S.Oil Mills Limited(SSOM)	401.66 ▼ -28.92 (-6.72%)
Century Ins. / Oct 7 Century Insurance Company Limited(CENI)	56.28 ▼ -3.64 (-6.07%)

Stock	Volume
K-Electric Ltd. / Oct 7 K-Electric Limited(KEL)	82,659,125 ▲ 0.45
Cnergyico PK / Oct 7 Cnergyico PK Limited(CNERGY)	68,756,886 ▼ -0.2
Pak Refinery / Oct 7 Pakistan Refinery Limited(PRL)	44,141,519 ▼ -0.06
Tasdeeq Info. Serv. / Oct 7 Tasdeeq Information Services Limited(TISL)	42,719,357 ▲ 0.04
Waves Home Appliances / Oct 7 Waves Home Appliances Limited(WAVESAPP)	30,549,672 ▲ 0.65
WorldCall Telecom / Oct 7 Worldcall Telecom Limited(WTL)	26,045,805 ▲ 0
Dewan Cement / Oct 7 Dewan Cement Limited(DCL)	15,285,606 ▼ -0.05
Pak Int.Bulk / Oct 7 Pakistan International Bulk Terminal(PIBTL)	12,669,746 ▼ -0.06
Media Times Ltd / Oct 7 Media Times Limited(MDTL)	11,935,285 ▲ 0.4
TPL Properties / Oct 7 TPL Properties Limited(TPLP)	11,557,812 ▲ 0.16

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