News Archives for Business & Finance - 2026-11-02

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Technology

Why one of Austin’s top AI founders says he is ‘incredibly long Pakistan’

Amir Husain, who sits on the advisory boards of LUMS and AAASE, says the numbers show Pakistan’s moment has arrived....

Published 02 Nov, 2026 11:25pm

Business & Finance

Govt reduces diesel price by Rs7.76, petrol by Rs3.40 per litre

New prices effective from November 3

Published 02 Nov, 2026 10:25pm

Commodities

Gold rises over 2% from one-year low on softer oil prices; US midterms in focus

Spot gold rose 2.1% to $3,957.19 per ounce

Published 02 Nov, 2026 09:24pm

Markets

Refineries to absorb Rs15bn monthly burden to avert petrol price hike: minister

Petroleum minister says PM consulted oil refineries on possible measures to shield consumers from the impact of rising global fuel prices

Published 02 Nov, 2026 08:31pm

Energy

Oil stocks in US strategic petroleum reserve fall to lowest level since 1982

US Strategic Petroleum Reserve hits a 40-year low, with significant drawdowns aimed at controlling fuel prices

Published 02 Nov, 2026 08:00pm

Technology

Marvell to buy Lumentum in $115 billion deal in AI data-center bet

Marvell is buying Lumentum for $115 billion, making a significant bet on the future of AI and high-speed optical connectivity

Published 02 Nov, 2026 06:53pm

Stocks

Major Gulf markets rise as investors weigh Iran-Qatar talks

Saudi Arabia’s benchmark index rose 0.5%
Abu Dhabi’s benchmark advanced 0.3%

Published 02 Nov, 2026 06:46pm

Currency

Binance says customers pulled net $4.7 billion after hack as crypto world weighs risk

North Korea is blamed for the $6.3 billion Binance hack, raising significant security concerns for the crypto market and institutional investors

Published 02 Nov, 2026 05:10pm

Stocks

Communication services, financials drag down Sri Lankan shares

CSE All-Share index settled 0.3% lower at 20,079.55 points

Published 02 Nov, 2026 04:41pm

Commodities

Iron ore stabilises on slower-than-expected China demand fall

Benchmark December iron ore on the Singapore Exchange was up 0.31% at $91.05 a metric ton

Published 02 Nov, 2026 04:34pm

Energy

Kuwait lifts oil output to highest since start of Iran war, source says

Kuwait's crude oil output reached 2.1 million bpd in October, its highest since the Iran war, demonstrating resilience amid regional risks

Published 02 Nov, 2026 04:28pm

Commodities

Copper rises on weaker dollar and downgrade to Chile production outlook

Benchmark three-month copper on the London Metal Exchange was up 0.7% at $14,251 a metric ton

Published 02 Nov, 2026 04:22pm

Exchange

Rupee records gain against US dollar

Currency settles at 276.72 against greenback

Updated 02 Nov, 2026 07:32pm

Commodities

Palm slides on lower Indonesian export costs, weak crude, rising stockpiles

Dalian's most-active soyoil contract rose 0.54%

Published 02 Nov, 2026 03:52pm

Forex

Indian rupee ends little changed as traders stay cautious despite oil, dollar drop

Indian rupee closed at 94.90 per dollar

Published 02 Nov, 2026 03:48pm

Stocks

Reliance earnings, lower oil prices power India's Sensex to near two-month high

Nifty 50 added 1.68% to 23,440.8, and the BSE Sensex rose 1.66% to 75,692.78

Published 02 Nov, 2026 03:45pm

Companies

India's Reliance posts best day in over six years as oil business, Jio Platforms lift outlook

Reliance's net profit surged 40.6%, beating estimates as strong refining and telecom growth fueled its best stock session in six years

Published 02 Nov, 2026 03:37pm

Markets

Pakistan inflation clocks in at 9.6% in October 2026

Consumer price index stood at 10.3% in September
In line with market expectations

Updated 02 Nov, 2026 06:25pm

Companies

HBL manufacturing PMI edges down to a six-month low

The seasonally adjusted HBL Pakistan Manufacturing Purchasing Managers’ Index, compiled by S&P Global, edged...

Published 02 Nov, 2026 02:08pm

Companies

Wafi Energy Pakistan reports Q3 2026 results

The Board of Directors of Wafi Energy Pakistan Limited (WEPL) announced its financial results for the nine months...

Published 02 Nov, 2026 12:19pm

Commodities

London copper climbs as tight supply, falling oil offer support

Benchmark three-month copper on the London Metal Exchange was up 0.55% at $14,233 a metric ton

Published 02 Nov, 2026 12:19pm

Markets

Pakistan explores tokenisation of existing Eurobond debt, says Aurangzeb

The government is holding discussions on the proposed initiative and is seeking Cabinet approval

Updated 02 Nov, 2026 11:58pm

Commodities

Indonesia January-September coal export volume down 10.58% annually, government data shows

The shipments were worth $18.81 billion, 4.86% higher than the corresponding period in 2025

Published 02 Nov, 2026 12:02pm

Bullion Rate

Gold rises on softer oil; Markets parse Fed signals

Spot gold rose 0.7% to $3,900.90 per ounce

Published 02 Nov, 2026 11:55am

Markets

Euronext CEO and chairman Boujnah to step down

The company added ‌it ⁠intends to nominate David Knibbe, current CEO at ⁠NN Group

Published 02 Nov, 2026 11:51am

Markets

Asia's factory activity feels fading glimmer of AI boom

Strong chip and AI demand had masked soft spots in Asian and global economies.

Published 02 Nov, 2026 11:43am

Stocks

Japan's Nikkei falls as Kioxia tanks, mitigated by gains in Tokyo Electron

The Nikkei fell 0.31% to 63,095.11 by the midday break

Published 02 Nov, 2026 11:34am

Forex

Yuan hovers near 4-year high as US midterms, Chinese regulator meeting in focus

The spot yuan is allowed to trade a maximum of 2% either side of the fixed midpoint each day

Published 02 Nov, 2026 11:31am

Commodities

Chicago wheat retreats toward 4-month low on Russian export outlook

Corn and soybean futures rose after sharp declines in recent weeks attracted bargain buying

Published 02 Nov, 2026 11:29am

Stocks

China stocks rise on reports of regulatory support, Huafa concerns weigh on bonds

The blue-chip CSI300 Index rose about 0.5% in early trade after slumping 8.5% in October

Published 02 Nov, 2026 11:14am

Commodities

Palm oil slips as weaker crude offsets gains in edible oils

Palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 23 ringgit, or 0.49%, to 4,658 ringgit a metric ton

Published 02 Nov, 2026 11:11am

Forex

Australian dollar steadies ahead of RBA, kiwi braces for election risk

The Aussie held at $0.7030, after ending Friday little changed despite a sharp selloff in global equities

Published 02 Nov, 2026 11:10am

Mutual Funds

India bonds poised to gain as oil slips; US midterms in focus

The benchmark 6.94% 2036 bond yield is seen trading in a 7.35%-7.39% range

Published 02 Nov, 2026 11:07am

Stocks

Australian shares retreat on weak miners, banks ahead of rate call

The S&P/ASX 200 index ended down 0.6% at 8,856.50

Published 02 Nov, 2026 11:03am

Stocks

PSX: KSE-100 Index closes marginally higher as late buying offsets intra-day losses

Benchmark index settles at 166,564.06 points

Updated 02 Nov, 2026 07:17pm

Companies

Cherat Cement agrees to acquire majority stake in Nimir Industrial Chemicals for Rs24 billion

Completion of the transaction remains subject to necessary regulatory and other approvals

Published 02 Nov, 2026 10:24am

Money & Banking

Pakistan assumes chairmanship of SCO Interbank Consortium

HBL Chairman Sultan Ali Allana takes over as chairman of the consortium

Published 02 Nov, 2026 09:56am

Stocks

Indian shares set for positive start on talks to end Iran war, strong Reliance earnings

GIFT Nifty futures were at 23,258.5

Published 02 Nov, 2026 08:05am

Forex

Indian rupee surprise Friday recovery faces test from weak peers, fragile risk

The Indian rupee is expected to open largely flat at 94.94-94.98 to the US dollar on Monday, per traders

Published 02 Nov, 2026 08:02am

Markets

Bank of England poised to raise rates but may push back on bets for more

Bailey said last month that businesses he had spoken to seemed to be absorbing higher costs more than in 2022

Published 02 Nov, 2026 07:58am

Forex

Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist

In other currencies, the yen eased 0.15% to 157.78 per dollar

Published 02 Nov, 2026 07:52am

Stocks

Shares steady as Apple earnings near, oil eases

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2%

Published 02 Nov, 2026 07:45am

Energy

Oil drops 6% as Iran signals openness to peace talks

Brent crude futures fell $6.78, or 6.0%, to $106.65 a barrel

Updated 02 Nov, 2026 07:56pm

Business & Finance

Petrol pricing changes may cause refineries Rs49/litre loss

ISLAMABAD: The government’s latest changes to the pricing mechanism of Motor Spirit (MS/petrol) are likely to impose...

Published 02 Nov, 2026 05:01am

Money & Banking

Allied Bank declares over Rs23bn PAT in 9MCY26

KARACHI: Allied Bank continues to enhance its resilience through digital innovation, operational efficiency, and a...

Published 02 Nov, 2026 05:01am

Business & Finance

660MW Jamshoro Coal Power Project: KE seeks cabinet approval for 100pc Thar coal conversion

ISLAMABAD: K-Electric (KE) has approached Power Division seeking incorporation of a set of proposals in the summary...

Updated 02 Nov, 2026 06:54am

Pakistan

Pakistan assumes G-24 chairmanship

ISLAMABAD: Pakistan has assumed the chairmanship of Intergovernmental Group of Twenty-Four (G-24), pledging to...

Published 02 Nov, 2026 05:01am

Business & Finance

Binance sees spike in customers pulling funds out

NEW YORK: Binance customers pulled USD3.64 billion, or 2.1 percent of its assets, as the world’s biggest...

Published 02 Nov, 2026 05:01am

Companies

PIA gets its first Dreamliner

KARACHI: Pakistan International Airlines (PIA) has received its first Boeing 787-9 Dreamliner, the first aircraft of...

Published 02 Nov, 2026 05:01am

Commodities

Prices of kitchen items in Peshawar remain firm

PESHAWAR: Prices of important kitchen items, including vegetable, live chicken/meat, flour, sugar, cooking oil/ghee,...

Published 02 Nov, 2026 05:01am

Companies

PSO approves commercial targets for FY27-30

ISLAMABAD: Pakistan State Oil (PSO) has approved ambitious commercial targets and strategic priorities for...

Published 02 Nov, 2026 05:01am

Business & Finance

Gilani for translating CPEC-II opportunities into economic benefits

ISLAMABAD: Senate Chairman Yousuf Raza Gilani on Sunday called for translating the opportunities offered by the...

Published 02 Nov, 2026 05:01am

Business & Finance

PBIF welcomes SBP’s launch of SMEConnect

KARACHI: President of the Pakistan Businessmen and Intellectuals Forum (PBIF) and All Karachi Industrial Alliance,...

Published 02 Nov, 2026 05:01am

Pakistan

‘Pakistan has opportunity to move beyond traditional software services’

LAHORE: As artificial intelligence (AI) reshapes the global job market, Pakistan has an opportunity to move beyond...

Published 02 Nov, 2026 05:01am

Business & Finance

Aleem informs FCCI members: NHA being restructured under new business model

FAISALABAD: The National Highway Authority (NHA) is being restructured under a new business model that will enable...

Published 02 Nov, 2026 05:01am

Companies

AGTL accelerates tech upgrades, eyes regional export markets

LAHORE: Al-Ghazi Tractors Limited (AGTL) is accelerating its technological transformation through investment in...

Published 02 Nov, 2026 05:01am

Cotton & Textile

Weekly Cotton Review: A downward trend continues in the market

KARACHI: The downward trend in cotton prices continued in the domestic market, while trading activity remained...

Published 02 Nov, 2026 05:01am

Companies

BCSR Awards: Adamjee Insurance secures first position for sixth year in a row

LAHORE: Adamjee Insurance Company Limited, Pakistan’s leading insurer, has secured first position in the insurance...

Published 02 Nov, 2026 05:01am

Business & Finance

Karandaaz secures green climate fund accreditation

KARACHI: Karandaaz Pakistan has secured accreditation from the Green Climate Fund (GCF), enabling it to directly...

Published 02 Nov, 2026 05:01am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 13	276.80 ▼ -0.01
USD PKR Interbank Buying / Nov 13	276.60 ▼ -0.01
USD to Japanese Yen / Nov 13	159.71 ▼ -0.21
USD to Swiss Franc / Nov 13	0.84 ▲ 0.003
Pound Sterling to USD / Nov 13	1.32 ▼ -0.0022
Euro to USD / Nov 13	1.10 ▼ -0.0036
SOFR % / Nov 12	3.90 ▲ 0.01

Stock	Volume
S&P 500 / Nov 13	7,561.67
India Sensex / Nov 13	81,592.45
Tokyo Nikkei / Nov 13	61,142.35
Nasdaq / Nov 13	25,136.27
Hang Seng / Nov 13	23,637.60
FTSE 100 / Nov 13	10,902.56
Dow Jones / Nov 13	52,347.55
Germany DAX 30 / Nov 13	26,749.95
France CAC40 / Nov 13	8,368.91

Item	Value
Petrol/Litre / Nov 15	330
Diesel/Litre / Nov 15	360
Crude Oil USD/Barrel / Nov 13	88.56
Karachi Cotton PKR/37.32 KG / Nov 13	18,080
Gold 10 Grams PKR / Nov 13	352,911
Gold Spot USD/Ounce / Nov 13	3,884.49
Cotton US¢/pound / Nov 13	82.61

Gainers
Losers
Leaders

Stock	Price
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	6.07 ▲ 1 (19.72%)
Dewan Sugar / Nov 13 Dewan Sugar Mills Limited(DWSM)	8.77 ▲ 1 (12.87%)
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	2.64 ▲ 0.28 (11.86%)
Shabbir Tiles / Nov 13 Shabbir Tiles & Ceramics Limited(STCL)	10.10 ▲ 1 (10.99%)
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	1.38 ▲ 0.13 (10.4%)
Pervez Ahmed Consultancy / Nov 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	12.06 ▲ 1.1 (10.04%)
Unicap Modaraba / Nov 13 Unicap Modaraba(UCAPM)	22.84 ▲ 2.08 (10.02%)
Leather Up Ltd. / Nov 13 Leather Up Limited(LEUL)	82.90 ▲ 7.54 (10.01%)
Ningbo Green Light / Nov 13 Ningbo Green Light Energy Limited(NGLEL)	16.48 ▲ 1.5 (10.01%)
Zuma Resources / Nov 13 Zuma Resources Limited(ZUMA)	33.75 ▲ 3.07 (10.01%)

Stock	Price
Arpak Int. / Nov 13 Arpak International Investments Ltd.(ARPAK)	124.84 ▼ -13.87 (-10%)
First AL-Noor Mod. / Nov 13 First Al-Noor Modaraba(FANM)	12.64 ▼ -1.36 (-9.71%)
Shadman Cotton / Nov 13 Shadman Cotton Mills Limited(SHCM)	69.87 ▼ -6.73 (-8.79%)
Fateh Sports / Nov 13 Fateh Sports Wear Limited(FSWL)	193.60 ▼ -16.58 (-7.89%)
Asim Textile / Nov 13 Asim Textile Mills Limited(ASTM)	62.73 ▼ -4.34 (-6.47%)
D.M. Corporation / Nov 13 D.M. Corporation Limited(DMC)	151.06 ▼ -9.64 (-6%)
Bhanero Textile / Nov 13 Bhanero Textile Mills Limited(BHAT)	1,207.41 ▼ -76.42 (-5.95%)
Hira Textile / Nov 13 Hira Textile Mills Limited(HIRAT)	4.01 ▼ -0.24 (-5.65%)
J.A.Textile / Nov 13 J.A. Textile Mills Limited(JATM)	73.72 ▼ -4.26 (-5.46%)
AN Textile Mills / Nov 13 AN Textile Mills Limited(ANTM)	58.55 ▼ -3.21 (-5.2%)

Stock	Volume
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	303,195,710 ▲ 0.13
Kohinoor Spinning / Nov 13 Kohinoor Spinning Mills Limited(KOSM)	59,505,118 ▲ 0.34
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	46,791,082 ▲ 0.28
Dost Steels Ltd. / Nov 13 Dost Steels Limited(DSL)	43,180,738 ▲ 0.37
TPL Properties / Nov 13 TPL Properties Limited(TPLP)	32,746,701 ▲ 0.48
Tasdeeq Info. Serv. / Nov 13 Tasdeeq Information Services Limited(TISL)	27,571,943 ▲ 0.05
F. Nat.Equities / Nov 13 First National Equities Limited(FNEL)	24,996,122 ▲ 0.01
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	24,965,743 ▲ 1
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	22,527,745 ▲ 0.14
Dar-es-Salaam / Nov 13 Dar-es-Salaam Textile Mills Limited(DSML)	21,467,835 ▲ 0.82

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