News Archives for Business & Finance - 2026-10-29

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Business & Finance

Govt raises diesel price by Re0.85 per litre, keeps petrol unchanged

The revised prices are effective for October 30

Published 29 Oct, 2026 11:49pm

Markets

'Pakistan’s battery storage imports hit 4.5GW in first six months of 2026'

A Pakistan Solar Association representative has said that the country imported over 4.5 gigawatts (GW) of battery...

Published 29 Oct, 2026 11:00pm

Markets

Pakistan inflation reading projected in range of 9.5-10.5% for October 2026

Economic outlook remains promising for FY27 amid stable rupee, increased foreign currency inflows

Published 29 Oct, 2026 10:24pm

Markets

Pakistan’s tyre exports targeted at $150mn in FY27

Tyre exports stood at $116mn in FY26

Published 29 Oct, 2026 07:55pm

Business & Finance

SBP-held foreign exchange reserves rise $33mn to $21.52bn

Total liquid foreign exchange reserves stand at $26.75 billion

Updated 29 Oct, 2026 08:29pm

Stocks

Consumer staple, financial stocks lift Sri Lankan shares

CSE All-Share index settled 1.5% higher at 20,267.15 points

Published 29 Oct, 2026 06:47pm

Stocks

Gulf bourses retreat as bank stocks ease on Yemen, Iran war worries

Saudi Arabia’s benchmark index declined 1%

Published 29 Oct, 2026 06:41pm

Companies

Microsoft to raise $25 billion in US bond sale, reports

Microsoft plans a major $25 billion bond sale, its first in nine years, to finance its rapidly growing artificial intelligence investments

Published 29 Oct, 2026 05:18pm

Companies

NEVO Hunter: the world’s first REEV 4x4 Truck - now made in Pakistan

The Nevo Hunter, Pakistan’s first locally assembled REEV 4x4 truck, has officially entered its delivery phase...

Published 29 Oct, 2026 04:57pm

Commodities

Gold prices remain unchanged in Pakistan

Price of silver decreases by Rs86 to reach Rs5,768 per tola

Published 29 Oct, 2026 04:36pm

Commodities

Copper slips on concerns over AI demand, high US inventories

Three-month copper on the London Metal Exchange was down 0.9% at $14,352 a metric ton

Published 29 Oct, 2026 04:27pm

Commodities

Asia rice: Indian rice prices firm, Vietnam rates climb to near two-year highs

Vietnam’s 5% broken rice was offered at $470-$480 per metric ton

Published 29 Oct, 2026 04:24pm

Europe

ECB President Lagarde resigns at time of mounting challenges for Europe

Markets remain calm after Lagarde's resignation, trusting the ECB's established institutional strength to manage ongoing economic pressures

Published 29 Oct, 2026 04:09pm

Currency

Rupee extends gain against US dollar

Settles at 276.76 against greenback

Updated 29 Oct, 2026 07:33pm

Companies

India's IndiGo narrows quarterly loss on pricing actions

InterGlobe Aviation cut its second-quarter loss, implementing pricing strategies to counter persistent high fuel costs

Published 29 Oct, 2026 03:47pm

Companies

QatarEnergy secures 20-year US LNG supply from Woodside amid Hormuz blockade

QatarEnergy inks a 20-year deal for US LNG from Woodside, becoming the largest buyer and securing supply outside the Gulf.

Published 29 Oct, 2026 03:38pm

Commodities

Palm falls to near three-week low on weaker rival oils, higher stocks

Dalian’s most-active soyoil contract slipped 0.71%

Published 29 Oct, 2026 03:33pm

Stocks

Indian shares rise after Fed holds rates steady; earnings-led gains boost optimism

Nifty 50 rose 1.1% to 22,936.75 and the BSE Sensex added 1.2% to 74,151.04

Published 29 Oct, 2026 03:27pm

Forex

Indian rupee ends flat after hitting two-week low, oil and RBI remain key

Indian rupee ended at 95.26 against the dollar

Published 29 Oct, 2026 03:23pm

Business & Finance

PM approves Lahore, Karachi airport expansion

PM directed authorities to ensure third-party validation of reforms to improve expansion projects and passenger travel facilities

Published 29 Oct, 2026 03:15pm

Business & Finance

Pakistan, KSA discuss investment in agriculture, minerals

Meeting also included an exchange of views on the prevailing regional situation and ongoing conflict

Published 29 Oct, 2026 01:43pm

Companies

PSO profit jump 172% to Rs25.6bn in 1QFY27 despite supply disruptions

PSO saw its earnings per share (EPS) clock in at Rs54.44, compared to Rs20 posted in the corresponding period last year

Published 29 Oct, 2026 01:31pm

Stocks

European shares inch up ahead of ECB as earnings remain in focus

The pan-European STOXX 600 index was up 0.11% at 644.80 ⁠points

Published 29 Oct, 2026 01:28pm

Markets

Volkswagen posts 5.8bn euro loss as Chinese competition bites

Sales fell 6.3 percent in the quarter to 75.3 billion euros, Volkswagen said

Published 29 Oct, 2026 12:42pm

Stocks

Australian shares edge higher as banks overshadow mining losses

The S&P/ASX 200 index rose 0.2% to 8,868.20

Published 29 Oct, 2026 11:41am

Forex

Australian dollar wins hawks over, as kiwi rues RBNZ hold

The Aussie surged 1.4% against the kiwi overnight to hit its highest level since early 2013 at NZ$1.2602

Published 29 Oct, 2026 11:39am

Stocks

South Korean shares fall sharply after Samsung Electronics earnings

The benchmark KOSPI was down 131.04 points, or 2.18%, at 5,881.40

Published 29 Oct, 2026 11:36am

Forex

Thai baht/US dollar steady on Thursday

The baht was 0.06% higher at 33.70 versus the dollar, after trading in a range of 33.690 to 33.743

Published 29 Oct, 2026 11:33am

Mutual Funds

India bonds may firm with Treasuries; crude, supply could cap gains

The benchmark 6.94% 2036 bond yield may trade between 7.42% and 7.47%

Published 29 Oct, 2026 11:28am

Stocks

Japan's Nikkei rises on Advantest profit outlook but Samsung weighs

The Nikkei ended the morning session with a 0.3% gain to 64,131.28

Published 29 Oct, 2026 11:24am

Commodities

Wheat inches up from near four-month low, Black Sea exports in focus

Soybeans lost 0.5% to $12.31-3/4 a bushel while corn added 0.2% to $4.52-3/4 a bushel

Published 29 Oct, 2026 11:20am

Forex

China's yuan hits 4-year high versus dollar after Fed decision

Prior to market opening, the People’s Bank of China (PBOC) set the midpoint rate at 6.7147 per dollar

Published 29 Oct, 2026 11:18am

Commodities

Copper eases but holds near two-week highs as tight China supply offers support

Three-month copper on the London Metal Exchange fell 0.31% to $14,432.50 a metric ton

Published 29 Oct, 2026 11:04am

Bullion Rate

Gold slips as markets assess Fed signals, await US inflation data

Spot gold slid 0.7% to $4,037.98 per ounce

Published 29 Oct, 2026 11:02am

Stocks

China stocks slip as tech weakness overshadows Fed rate decision

At the midday break, the benchmark Shanghai Composite index lost 0.9%

Published 29 Oct, 2026 10:59am

Markets

Toyota September sales, production slide for a third straight month

The world’s biggest automaker ⁠saw global sales decline 2.2% from a year earlier to 860,107 vehicles

Published 29 Oct, 2026 10:56am

Markets

Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts

The automaker also lowered its 2026 operating profit margin target to 5.5%-6.5% from 6.3%-7.3% previously

Published 29 Oct, 2026 10:45am

Markets

First Abu Dhabi Bank's third-quarter profit rises 6% on net interest income growth

The IMF expects the UAE economy to contract 3.9% in 2026 before rebounding in 2027

Published 29 Oct, 2026 10:38am

Markets

Lucky Cement approves 3.2 million-tonne capacity expansion at Karachi plant

The expansion comes amid domestic and growing export demand for cement and clinker

Published 29 Oct, 2026 10:37am

Commodities

Palm falls over 1% on weaker rival oils, higher stocks

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 76 ringgit, or 1.62%, to 4,609 ringgit a metric ton

Published 29 Oct, 2026 10:31am

Stocks

PSX: positive momentum continues, KSE-100 accumulates over 1,400 points

Benchmark index settles at 167,193.43 points

Updated 29 Oct, 2026 06:24pm

Markets

Samsung posts record $80 billion profit in Q3 on AI chip boom

The world's top memory chipmaker reported operating profit of 107.4 trillion won

Updated 29 Oct, 2026 09:41am

Forex

Indian rupee eyes mild relief with Asian peers buoyed by 'modestly' dovish Fed

The Indian rupee is expected to open in the 95.14-95.18 range

Published 29 Oct, 2026 08:04am

Stocks

Indian shares set for positive start after Fed holds rates steady; elevated oil weighs

GIFT Nifty futures were ‌at 22,708

Published 29 Oct, 2026 07:52am

Stocks

Asian shares fall as Alphabet earnings miss drags Wall St futures lower

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7%

Published 29 Oct, 2026 07:49am

Forex

Dollar steady after Fed hold leaves rate path murky

The Fed opted to delay any changes to borrowing costs until after next week’s midterm election in a 10-2 decision

Published 29 Oct, 2026 07:44am

Energy

Oil falls as diplomacy hopes outweigh Middle East escalation fears

Brent crude futures declined $1.55, or 1.34%, to $113.77 a barrel

Updated 29 Oct, 2026 07:37pm

Energy

Oil prices edge up about 1pc

NEW YORK: Oil prices edged up about 1 percent on Wednesday on renewed concerns about additional energy supply...

Updated 29 Oct, 2026 05:44am

Companies

PSO board approves renewal of SPA with ARL for 5 years

ISLAMABAD: The Board of Pakistan State Oil Company Limited (PSO) has approved renewal of its Sale Purchase Agreement...