News Archives for Business & Finance - 2026-09-07

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Business & Finance - 2026-09-07

Markets

Govt jacks up petrol price by Rs12.90; diesel raised by Rs3.72 per litre

New prices will be effective for Tuesday, September 8

Published 07 Sep, 2026 10:49pm

Stocks

Gulf equities mixed amid US-Iran flare-ups

Saudi Arabia’s benchmark index fell 0.4%

Published 07 Sep, 2026 09:33pm

Stocks

Sri Lankan shares close flat

CSE All Share index settled flat at 21,623.66

Published 07 Sep, 2026 09:27pm

Energy

Saudi Arabia preparing to grant IAEA more intrusive powers, Grossi says

US, Saudi Arabia reached agreement on civil nuclear power cooperation in July that would let Riyadh enrich uranium, build nuclear reactors using US technology

Published 07 Sep, 2026 08:36pm

Business & Finance

SE Fruits & Vegetables secures PSX approval for IPO to raise up to Rs1.92bn

Projects over 120% profit increase post-IPO

Published 07 Sep, 2026 07:39pm

Companies

Alternative-fuel car sales in India top petrol on cost, E20 concerns, dealers' body says

India's auto market pivoted: AFVs outsold petrol cars in August, spurred by E20 fuel issues and rising oil costs

Published 07 Sep, 2026 05:48pm

Money & Banking

Indian central bank unloaded at least $8 billion last week to anchor rupee, bankers say

RBI's $8-15 billion dollar sales last week drained rupee liquidity from the banking system, impacting interbank borrowing costs

Published 07 Sep, 2026 05:45pm

Financial

Saudi PIF launches firm to develop tourism, residential area on Gulf coast

Saudi PIF launches Gulf Coast Development Company, building a major tourism and residential hub on the Al-Khafji coast

Published 07 Sep, 2026 05:36pm

Commodities

India's vegetable oil imports strain port storage, delaying unloading

India's massive vegetable-oil imports are causing severe port congestion, leading to delays and a likely reduction in future global purchases

Published 07 Sep, 2026 05:25pm

Forex

Indian rupee ends flat, hemmed in by RBI intervention, oil pangs

Indian rupee closed at 94.4850 per dollar

Published 07 Sep, 2026 05:22pm

Commodities

Copper heads towards record high, focus on tight supplies outside US

Benchmark copper on the London Metal Exchange was up 0.1% at $14,430 a metric ton

Published 07 Sep, 2026 05:19pm

Commodities

Palm extends gains, hits two-week high on stronger Dalian palm olein

Dalian’s most-active soyoil contract rose 0.31%

Published 07 Sep, 2026 05:15pm

Stocks

Indian stocks slip to six-week low as IT slides, oil worries mount

Nifty 50 ended 0.5% lower at 23,779.15 and the BSE Sensex shed 0.5% to 76,132.81

Published 07 Sep, 2026 05:06pm

Money & Banking

Bank of Maharashtra, Canara Bank eye dollar debt issuance this month, bankers say

Two Indian state banks plan to raise $1 billion through dollar bonds, benefiting from an RBI scheme that reduces currency hedging expenses

Published 07 Sep, 2026 05:03pm

Exchange

Rupee registers gain against US dollar

Currency settles at 277.40 against greenback

Updated 07 Sep, 2026 08:13pm

Markets

Gold price per tola sheds Rs2,400 in Pakistan

International rate of gold declines by $24 to reach $4,406 per ounce

Updated 07 Sep, 2026 07:53pm

Business & Finance

Japan to provide $16.4mn to strengthen flood protection in Pakistan

The project will focus on the improvement and strengthening of the Old Abad Bund in Larkana

Published 07 Sep, 2026 02:08pm

Markets

Huawei launches new foldable smartphone as competition with Xiaomi, Apple heats up

The new Mate XT2 folds out twice to open into a tablet-sized screen and features Huawei’s new Kirin 9050 Pro chip

Published 07 Sep, 2026 01:04pm

Stocks

European shares dip as rise in oil prices weighs; Novartis slips

The pan-European STOXX 600 fell 0.1% to 649.17 points

Published 07 Sep, 2026 01:02pm

Forex

South African rand subdued ahead of key economic releases this week

The rand traded ⁠at 15.9675 against the dollar , little changed from its previous close

Published 07 Sep, 2026 01:00pm

Markets

Thai August headline CPI rises 2.53% on year, above forecast

Headline inflation is seen at 2.37% in the third quarter and 2.70% in the last quarter of the year, Nantapong said

Published 07 Sep, 2026 12:08pm

Forex

Aussie hovers near 4-month peak against dollar, close to 13-year top on kiwi

The Aussie was steady at $0.7202, having gained 0.6% last week to resume its upward trend from a low of $0.6867 in June

Published 07 Sep, 2026 12:06pm

Stocks

South Korean shares start week higher as chipmakers jump; won hits near 2-year high

The benchmark KOSPI was up 196.57 points, or 2.94%, at 6,883.78

Published 07 Sep, 2026 11:56am

Stocks

Japan's Nikkei rises over 2% as chip-related stocks track US peers higher

The Nikkei share average was up 2.28% at 66,500.29

Published 07 Sep, 2026 11:53am

Forex

Yuan hits fresh 3-1/2-year high despite PBOC's weak guidance

The offshore yuan traded at 6.7113 yuan per dollar, down about 0.05% in Asian trade

Published 07 Sep, 2026 11:51am

Commodities

Copper slips after 10-week rally as Fed rate-hike bets rise

Three-month copper on the London Metal Exchange fell 0.27% to $14,377 a metric ton

Published 07 Sep, 2026 11:47am

Stocks

China stocks subdued as tech shares rise, banks and insurers dip

At the midday break, the Shanghai Composite index was down 0.2% at 3,920.70 points

Published 07 Sep, 2026 11:35am

Stocks

Australian shares tread water as energy stocks counter gold slump

The S&P/ASX 200 index held its ground at 9,009.60

Published 07 Sep, 2026 11:32am

Mutual Funds

Indian central bank liquidity move may lift bonds

The yield on the benchmark 6.94% 2036 bond is expected to trade between 6.94% and 6.99%

Published 07 Sep, 2026 11:29am

Commodities

Palm open higher on firmer rival Dalian, crude oil

Palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 29 ringgit, or 0.59%, at 4,958 ringgit

Published 07 Sep, 2026 11:28am

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.18% lower at 32.94 versus the dollar, after trading in a range of 32.880 to 32.990

Published 07 Sep, 2026 11:24am

Commodities

Pakistan issues tender to export 107,739 tons sugar, traders say

The deadline for submission of price offers is September 28

Published 07 Sep, 2026 10:34am

Stocks

PSX: KSE-100 sheds nearly 1% amid selling pressure

Benchmark index settles at 173,636.07

Updated 07 Sep, 2026 07:09pm

Markets

Foxconn says third quarter to outperform market expectations on AI strength

Foxconn, Nvidia's biggest server maker and a major Apple supplier, has been a big beneficiary of the trend towards AI

Published 07 Sep, 2026 08:29am

Forex

Indian rupee may withstand oil, Fed pressures with RBI support

The Indian rupee is expected to open in the 94.46-94.50 range, per traders, having settled at 94.4850 to the dollar on Friday

Published 07 Sep, 2026 08:16am

Stocks

Asia shares bounce, others cautious as oil rises

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.9%

Published 07 Sep, 2026 08:12am

Forex

Dollar gets little lift from boost in Fed hike expectations

The yen rose more than 0.2% to 155.88 per dollar on Monday

Published 07 Sep, 2026 08:06am

Stocks

Indian shares set for modest gains, but Mideast tensions keep investors wary

GIFT Nifty futures were at 23,977.5 points

Published 07 Sep, 2026 07:59am

Bullion Rate

Gold eases as robust US payrolls boost rate-hike bets; inflation data in focus

Spot gold was down 0.5% at $4,405.47 per ounce

Published 07 Sep, 2026 07:56am

Energy

Oil prices hold near six-week highs on US-Iran attacks

Brent crude futures rose $1.19, or 1.2% to $97.47 a barrel

Updated 07 Sep, 2026 05:29pm

Business & Finance

PPDA terms petrol pump sealing by KMC illegal

KARACHI: The Pakistan Petroleum Dealers Association (PPDA) has demanded that Karachi Mayor Barrister Murtaza Wahab...

Published 07 Sep, 2026 07:06am

Business & Finance

‘Daily changes in POL prices unacceptable’

HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry Muhammad Saleem Memon has marked the...

Published 07 Sep, 2026 06:16am

Pakistan

Hydro Union demands Discos re-merger into WAPDA

PESHAWAR: Workers of PESCO, TESCO and HAZECO have expressed full confidence in the central and provincial leadership...

Published 07 Sep, 2026 06:08am

Pakistan

IESCO notifies power suspension programme

ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Sunday issued a power suspension programme for Monday in...

Published 07 Sep, 2026 06:07am

Pakistan

PESCO ends union fund cut from salaries

PESHAWAR: Peshawar Electric Supply Company (PESCO) has ended deductions from employees’ salaries under the union...

Published 07 Sep, 2026 06:02am

Business & Finance

Balakot HPP to generate Rs15bn annually for KP, says provincial minister

PESHAWAR: Construction work is underway at a rapid pace on 300 MW Balakot Hydropower Project, the province’s largest...

Updated 07 Sep, 2026 07:29am

Business & Finance

KE denies RLNG payment delays

ISLAMABAD: K-Electric has said it is neither delaying nor defaulting on payments for RLNG supplied by Pakistan LNG...