News Archives for Business & Finance - 2026-09-14

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Business & Finance - 2026-09-14

Pakistan

Govt raises petrol price by Rs4.42, diesel by Rs6.10

This is the sixth straight hike in petroleum prices in Pakistan

Published 14 Sep, 2026 10:58pm

World

Musk's X Corp and SpaceXAI resolve antitrust lawsuit against Apple

Elon Musk's X Corp and SpaceXAI resolved their lawsuit against Apple, accusing it of AI market monopolization, ending a key legal battle

Published 14 Sep, 2026 08:35pm

Financial

US 10-year yields reach 5%, highest since 2023

The yield on the 10-year notes was last up 3.51 basis points at 5.01%

Published 14 Sep, 2026 08:09pm

Business & Finance

ECC approves Rs75bn for PM’s fuel relief scheme

Committee says the relief will be available only to non-commercial users and will be limited to one vehicle per user or owner

Published 14 Sep, 2026 07:43pm

Business & Finance

Pakistan banking sector remains resilient in H1CY26: SBP

Review says long-term financing to small and medium enterprises (SMEs) continued to increase during the period

Published 14 Sep, 2026 07:18pm

Stocks

Gulf equities mixed as Saudi energy, shipping security concerns weigh

Saudi Arabia’s benchmark index reversed early losses to edge 0.1% higher

Published 14 Sep, 2026 06:53pm

Commodities

Copper sinks to 3-week low as dollar firms, LME stocks rise

Benchmark three-month LME copper was down by 1.2% at $14,065 a metric ton

Published 14 Sep, 2026 06:47pm

Energy

Bangladesh's industrial growth hurt by high LNG prices, minister says

Bangladesh faces industrial slowdowns and power blackouts due to surging LNG prices, prompting a pivot to diverse energy sources

Published 14 Sep, 2026 06:42pm

Stocks

Sri Lankan shares fall as healthcare, energy stocks drag

CSE All-Share index settled down 0.3% at 21,313.92

Published 14 Sep, 2026 04:50pm

Energy

LNG prices above $20 per mmBtu to hurt demand, chairman of India's GAIL says

BANGKOK: The chairman of GAIL, India’s top natural gas distributor by market share, said on Monday that liquefied...

Published 14 Sep, 2026 04:45pm

Exchange

Rupee records gain against US dollar

Settles at 277.31

Updated 14 Sep, 2026 06:13pm

Stocks

UK's FTSE 100 rises as oil stocks gain; key announcements in focus

The blue-chip FTSE 100 index rose 0.55% to 10,708.76 points

Published 14 Sep, 2026 04:40pm

Companies

Asian refiners, awaiting word on Saudi shipments, expect tighter supply

Saudi pipeline attack tightens sour crude supply for Asia, causing shipment delays and a scramble for alternative oil sources

Published 14 Sep, 2026 04:36pm

Business & Finance

India wholesale prices rise 9.92% year-on-year in August

India's wholesale prices climbed 9.92% in August, driven by significant increases in petroleum and food costs, surpassing July's figures

Published 14 Sep, 2026 04:27pm

Middle East

Gulf fintech Tabby clinches $6.5 billion valuation after latest funding round

Fintech leader Tabby secures $233 million at a $6.5 billion valuation, fueling its significant expansion into broader financial services across Saudi Arabia and the UAE

Published 14 Sep, 2026 04:23pm

Commodities

Palm oil closes up after crude prices climb higher

Dalian’s most-active soyoil contract dropped 1.08%

Published 14 Sep, 2026 04:12pm

Companies

India's Solar Industries to buy South Africa's Omnia for $1.36 billion

Indian explosives giant Solar Industries is expanding into Africa's booming mining sector with a major acquisition of Omnia Holdings

Published 14 Sep, 2026 04:06pm

South Asia

India gains wider EU steel access, but carbon levy remains

The agreement provides India with an additional preferential quota of 694,853 tons of steel

Published 14 Sep, 2026 04:02pm

Markets

India's August retail inflation at 4.82% on-year

Food and fuel costs drove India's August inflation up, signaling a likely RBI interest rate hike soon

Published 14 Sep, 2026 03:58pm

Commodities

Saudi Arabia discovers 110 million tonnes of uranium-bearing ore in Medina

DUBAI: Saudi Arabia has discovered 110 million tonnes of raw materials containing uranium concentrations in Medina,...

Published 14 Sep, 2026 03:54pm

Industry

Govt cuts HEV sales tax from 25% to 18%

GST was used to be around 8-12% before budget, says Ali Khizar

Published 14 Sep, 2026 03:27pm

Commodities

Gold price drops by Rs3,800 per tola in Pakistan

International rate of gold declines by $38 to reach $4,308 per ounce

Published 14 Sep, 2026 02:39pm

Forex

South African rand weakens as higher oil weighs, Fed meeting looms

the rand traded at 16.2350 against the dollar , about 0.6% ⁠down from its previous close

Published 14 Sep, 2026 02:06pm

Companies

PSL restructuring being negotiated to settle court case, says Thatta Cement

In recent months, several significant changes in shareholding and subsequent legal developments have occurred in PSL

Published 14 Sep, 2026 01:33pm

Business & Finance

Privatisation Commission blocks Ufone’s proposed ‘e&’ rebranding, says matter requires intergovernmental approval

Says it's a government-level decision, not a regulatory one, amid ongoing merger discussions

Published 14 Sep, 2026 01:32pm

Companies

PIA, Afghanistan’s Kam Air launch transit link via Islamabad

Arrangement also allows Afghan travellers heading to Gulf destinations to bypass immigration clearance

Published 14 Sep, 2026 12:29pm

Mutual Funds

JGBs steady as central bank decisions loom

The benchmark 10-year JGB yield slipped 0.5 basis point (bp) to 2.980%

Published 14 Sep, 2026 11:46am

Stocks

South Korea shares retreat on AI concerns, set for longer trading hours

The benchmark KOSPI was down 138.96 points

Published 14 Sep, 2026 11:43am

Forex

Australian, NZ dollars weaken as oil rally dampens risk appetite

The kiwi dollar also slipped 0.3% to $0.5796, its lowest point since late July, extending a 1.2% fall from last week

Published 14 Sep, 2026 11:40am

Commodities

Copper extends losses, driven by uncertainties over US tariffs

Benchmark three-month copper on the London Metal Exchange was down 0.20% at $14,212 a metric ton

Published 14 Sep, 2026 11:37am

Forex

Yuan hits fresh multi-year high as markets await Fed, BOJ decisions

The offshore yuan traded at 6.7074 yuan per dollar, up about 0.03% in Asian trading

Published 14 Sep, 2026 11:36am

Commodities

Palm oil gains as crude prices climb higher

Dalian’s most-active soyoil contract dropped 0.46%, while its palm oil contract shed 0.87%

Published 14 Sep, 2026 11:35am

Stocks

China stocks mixed as tech shares fall

At the midday break, the Shanghai Composite index was up 0.2% at 3,894.28 points

Published 14 Sep, 2026 11:30am

Markets

BOJ executive saw need for vigilance to 'non-linear' inflation spikes

The BOJ raised interest rates to a 31-year high of 1% in June

Published 14 Sep, 2026 11:28am

Stocks

Australian shares inch higher as healthcare and staples gain

The S&P/ASX 200 index was up 0.1% to 8,748.4

Published 14 Sep, 2026 11:11am

Stocks

Japan's Nikkei slumps as AI leaders raise safety concerns; Topix gains

The benchmark Nikkei 225 slid 1.61% to 62,979.17 in early trading

Published 14 Sep, 2026 11:09am

Commodities

Soybeans rise on Chinese demand, higher crude oil prices

The most-active soybean contract on the Chicago Board of Trade edged 0.31% higher to $13-1/2 a bushel

Published 14 Sep, 2026 11:06am

Forex

Thai baht/US dollar weaker on Monday

The baht was 0.18% lower at 33.11 versus the dollar, after trading in a range of 33.080 to 33.155

Published 14 Sep, 2026 11:05am

Companies

Supernet Technologies’ Rs915mn rights issue attracts 98.16% subscription

The proceeds are intended primarily to strengthen STL’s working capital position

Published 14 Sep, 2026 10:56am

Bullion Rate

Gold slips as oil rally fans rate hike bets ahead of Fed meeting

Spot gold slipped 0.3% to $4,334.31 per ounce

Updated 14 Sep, 2026 01:15pm

Markets

SBP keeps policy rate unchanged at 11.5%

Decision in line with market expectations

Updated 14 Sep, 2026 04:56pm

Stocks

PSX: KSE-100 sheds over 2,500 points as situation remains tense in ME

Benchmark index settles at 167,970.65

Updated 14 Sep, 2026 04:51pm

Markets

Goldman Sachs now expects Fed to hike rates in September

The Wall Street bank said in a note on ‌Friday ⁠that the change was driven less by its economic ⁠outlook and more by financial market pricing

Published 14 Sep, 2026 08:08am

Markets

Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows

The companies were unsure if such large upfront payments were necessary, citing uncertainty over the long-term durability ‌of ⁠semiconductor demand, a company official in Seoul told Reuters

Published 14 Sep, 2026 08:05am

Stocks

Shares skid in Asia as oil rises, rate hikes loom

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.8%

Published 14 Sep, 2026 07:55am

Forex

Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings

The euro was recently at $1.159, while sterling last bought $1.3524

Published 14 Sep, 2026 07:50am

Business & Finance

Revival of industries: ‘Pakistan needs intelligent initiatives’

KARACHI: Ateeq-ur-Rehman Economic and Financial Analyst has said that Pakistan need intelligent initiatives, plan...

Published 14 Sep, 2026 07:44am

Energy

Oil prices climb over 2% after strikes on Saudi pipeline and ships in Middle East

Brent futures rose $2.72, or 2.6%, to $107.33 per barrel

Published 14 Sep, 2026 04:59am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 2	277.27
USD PKR Interbank Buying / Oct 2	277.07
USD to Japanese Yen / Oct 2	157.85
USD to Swiss Franc / Oct 2	0.83
Pound Sterling to USD / Oct 2	1.32
Euro to USD / Oct 2	1.13
SOFR % / Oct 1	3.87

Stock	Volume
India Sensex / Oct 1	71,909.70
S&P 500 / Oct 2	7,722.72
Tokyo Nikkei / Oct 2	68,309.46
Nasdaq / Oct 2	27,190.86
Hang Seng / Oct 2	23,972.29
FTSE 100 / Oct 2	10,461.95
Dow Jones / Oct 2	51,176.96
Germany DAX 30 / Oct 2	25,231.20
France CAC40 / Oct 2	7,897.19

Item	Value
Crude Oil USD/Barrel / Oct 2	91.11
Karachi Cotton PKR/37.32 KG / Oct 2	18,280
Gold 10 Grams PKR / Oct 2	377,774
Gold Spot USD/Ounce / Oct 2	4,141.19
Cotton US¢/pound / Oct 2	78.88
Petrol/Litre / Oct 4	392.76
Diesel/Litre / Oct 4	399.64

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Oct 2 Dewan Sugar Mills Limited(DWSM)	7.21 ▲ 1 (16.1%)
Apna Microfin. / Oct 2 Apna Microfinance Bank Limited(AMBL)	19.88 ▲ 1.81 (10.02%)
Dandot Cement / Oct 2 Dandot Cement Company Limited(DNCC)	19.87 ▲ 1.81 (10.02%)
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	17.25 ▲ 1.57 (10.01%)
Arpak Int. / Oct 2 Arpak International Investments Ltd.(ARPAK)	141.82 ▲ 12.89 (10%)
First Imrooz Mod. / Oct 2 First Imrooz Modaraba(FIMM)	315.63 ▲ 28.69 (10%)
Mandviwala / Oct 2 Mandviwala Mauser Plastic Industries(MWMP)	93.26 ▲ 8.48 (10%)
Noon Sugar / Oct 2 Noon Sugar Mills Limited(NONS)	87 ▲ 7.91 (10%)
Towellers Ltd. / Oct 2 Towellers Limited(TOWL)	132.36 ▲ 12.03 (10%)
Kohinoor Energy / Oct 2 Kohinoor Energy Limited(KOHE)	16.76 ▲ 1.52 (9.97%)

Stock	Price
F.Credit & Inv / Oct 2 First Credit and Investment Bank Limited(FCIBL)	35.70 ▼ -3.97 (-10.01%)
Ashfaq Textile / Oct 2 Ashfaq Textile Mills Limited(ASHT)	40.96 ▼ -4.55 (-10%)
Asim Textile / Oct 2 Asim Textile Mills Limited(ASTM)	112.10 ▼ -12.46 (-10%)
Buxly Paints / Oct 2 Buxly Paints Limited(BUXL)	418.57 ▼ -46.51 (-10%)
First Tri-Star Mod. / Oct 2 First Tri-Star Modaraba(FTSM)	39.63 ▼ -4.4 (-9.99%)
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	23.53 ▼ -2.61 (-9.98%)
Dadex Eternit / Oct 2 Dadex Eternit Limited(DADX)	131.41 ▼ -12.77 (-8.86%)
Barkat Frisian Agro / Oct 2 Barkat Frisian Agro Limited(BFAGRO)	28.51 ▼ -2.71 (-8.68%)
JS Global Cap. / Oct 2 JS Global Capital Limited(JSGCL)	137.38 ▼ -12.15 (-8.13%)
Oilboy Energy / Oct 2 Oilboy Energy Limited(OBOY)	17.03 ▼ -1.35 (-7.34%)

Stock	Volume
F. Nat.Equities / Oct 2 First National Equities Limited(FNEL)	42,508,520 ▲ 0.01
WorldCall Telecom / Oct 2 Worldcall Telecom Limited(WTL)	40,080,634 ▲ 0
D.S. Ind. Ltd. / Oct 2 D.S. Industries Limited(DSIL)	29,509,663 ▲ 1.57
First Punjab Modaraba / Oct 2 First Punjab Modaraba(FPJM)	28,172,021 ▼ -2.61
Kohinoor Spinning / Oct 2 Kohinoor Spinning Mills Limited(KOSM)	25,073,393 ▼ -0.27
K-Electric Ltd. / Oct 2 K-Electric Limited(KEL)	23,525,673 ▼ -0.09
Pak Int.Bulk / Oct 2 Pakistan International Bulk Terminal(PIBTL)	22,226,008 ▼ -0.51
Cnergyico PK / Oct 2 Cnergyico PK Limited(CNERGY)	20,891,792 ▼ -0.26
Pak Refinery / Oct 2 Pakistan Refinery Limited(PRL)	17,786,560 ▼ -0.87
Tasdeeq Info. Serv. / Oct 2 Tasdeeq Information Services Limited(TISL)	12,475,872 ▼ -0.11

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