AVN 71.60 Increased By ▲ 4.06 (6.01%)
BOP 9.40 Increased By ▲ 0.05 (0.53%)
CHCC 145.50 Increased By ▲ 6.23 (4.47%)
DCL 10.99 Increased By ▲ 0.10 (0.92%)
DGKC 113.95 Increased By ▲ 1.01 (0.89%)
EFERT 66.30 Decreased By ▼ -0.14 (-0.21%)
EPCL 44.88 Decreased By ▼ -0.76 (-1.67%)
FCCL 21.55 Increased By ▲ 1.05 (5.12%)
FFL 16.30 Increased By ▲ 0.37 (2.32%)
HASCOL 16.12 Increased By ▲ 0.34 (2.16%)
HBL 138.00 Decreased By ▼ -1.52 (-1.09%)
HUBC 78.35 Increased By ▲ 1.95 (2.55%)
HUMNL 7.84 Decreased By ▼ -0.25 (-3.09%)
JSCL 27.81 Increased By ▲ 0.63 (2.32%)
KAPCO 28.76 Increased By ▲ 0.23 (0.81%)
KEL 3.92 Increased By ▲ 0.03 (0.77%)
LOTCHEM 12.32 Increased By ▲ 0.02 (0.16%)
MLCF 43.39 Increased By ▲ 1.94 (4.68%)
OGDC 98.20 Decreased By ▼ -0.14 (-0.14%)
PAEL 36.70 Increased By ▲ 0.61 (1.69%)
PIBTL 13.20 Decreased By ▼ -0.07 (-0.53%)
PIOC 103.95 Increased By ▲ 5.08 (5.14%)
POWER 9.76 Increased By ▲ 0.38 (4.05%)
PPL 86.64 Decreased By ▼ -0.13 (-0.15%)
PSO 210.03 Increased By ▲ 0.99 (0.47%)
SNGP 58.14 Increased By ▲ 0.78 (1.36%)
STPL 13.10 Increased By ▲ 0.43 (3.39%)
TRG 51.73 Increased By ▲ 1.72 (3.44%)
UNITY 22.05 Increased By ▲ 0.54 (2.51%)
BR100 4,365 Increased By ▲ 58.49 (1.36%)
BR30 22,147 Increased By ▲ 363.03 (1.67%)
KSE100 41,810 Increased By ▲ 544.05 (1.32%)
KSE30 17,596 Increased By ▲ 214.27 (1.23%)
COVID-19 TOTAL DAILY
CASES 328,602 707
DEATHS 6,739 3
Business - 2020-10-17
Saudi authorities unearth country's biggest corruption case

Saudi authorities unearth country's biggest corruption case

  • As per reports, 13 government employees belonging to the Riyadh municipality have been arrested in this case, while four businessmen and five employees of a contracting company have also been arrested on serious charges of forgery.
Published 17 Oct, 2020 03:27pm
World Bank should keep pumping out aid, review capital adequacy - Development Committee

World Bank should keep pumping out aid, review capital adequacy - Development Committee

  • In a communique, the joint World Bank and International Monetary Fund Development Committee said the “bold and decisive” response should be accompanied by a review of the World Bank Group’s financial capacity beyond the current fiscal year to ensure that it remains “adequately capitalized to fulfill its mandate.”
Published 17 Oct, 2020 10:17am
Money & Banking

Sterling recovers

LONDON: Sterling largely brushed off the British Prime Minister's announcement that it was time to prepare for a...
Published 17 Oct, 2020 03:08am
Speculators' bearish bets on US dollar trimmed
Forex

Speculators' bearish bets on US dollar trimmed

  • The value of the net short dollar position was $27.24 billion for the week ended Oct. 13, compared with a net short position of $28.35 billion for the week before that.
  • The net short was the smallest since late July. US net shorts hit a more than nine-year high of $33.68 billion in late August.
Published 17 Oct, 2020 02:43am
Pfizer says earliest US filing for COVID-19 vaccine would be late November
Industry

Pfizer says earliest US filing for COVID-19 vaccine would be late November

  • The Pfizer news, published in a letter from its chief executive on its website, lifted the US stock market and the company's shares.
  • So let me be clear, assuming positive data, Pfizer will apply for Emergency Authorization Use in the US soon after the safety milestone is achieved in the third week of November.
Published 17 Oct, 2020 02:40am
Funds raise bullish bet in raw sugar to nearly 200,000 contracts
Commodities

Funds raise bullish bet in raw sugar to nearly 200,000 contracts

  • The funds added 20,598 contracts to their net long bet that now totals 193,823 contracts, the US Commodity Futures Trading Commission said.
  • Funds have not lost their appetite in commodities for now, and unless you can flush them, it will be harder to pressure sugar down.
Published 17 Oct, 2020 02:31am
Moody's cuts UK's debt rating on weak economic growth

Moody's cuts UK's debt rating on weak economic growth

  • The Johnson government has tightened restrictions as the country grapples with a second wave of COVID-19 infections.
  • "Even if there is a trade deal between the UK and EU by the end of 2020, it will likely be narrow in scope and therefore the UK's exit from the EU will, in Moody's view, continue to put downward pressure on private investment and economic growth.
Updated 17 Oct, 2020 02:29am
US oil and gas rig count rises by most since January: Baker Hughes
Energy

US oil and gas rig count rises by most since January: Baker Hughes

  • The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, energy services firm.
  • The total rig count fell to a record low of 244 rigs during the week ended Aug. 14, while oil rigs alone fell to a 15-year low at 172 in the same week.
Published 17 Oct, 2020 12:36am
Oil dips on COVID-19 resurgence, fears of more supply
Energy

Oil dips on COVID-19 resurgence, fears of more supply

  • Both benchmarks a shade firmer for the week.
  • Some European countries revive coronavirus curfews.
  • OPEC+ fears second virus wave could lead to oil surplus in 2021.
  • US oil and gas rig count rises by most since January.
Published 17 Oct, 2020 12:32am
Pfizer vaccine hopes lift world stocks; dollar, gold on the defensive
Stocks

Pfizer vaccine hopes lift world stocks; dollar, gold on the defensive

  • The S&P 500 was up 20 points, or 0.6%, at 3,503.63, while the Dow Jones Industrial Average jumped 253 points, or 0.9%, to 28,744.49.
  • Shares of Pfizer added 3.1%. The US drugmaker said on Friday it could file for US authorization of the COVID-19 vaccine it is developing with German partner BioNTech as early as late November.
Published 17 Oct, 2020 12:10am
US says 8pc Gulf offshore crude oil production remains shut after Delta
USA

US says 8pc Gulf offshore crude oil production remains shut after Delta

  • The shut crude oil production on Friday is 146,866 barrels per day (bpd). Shut natural gas output slid to 6%, or 160.6 million cubic feet per day (mmcfd), BSEE said.
  • BSEE said Friday's report is the last it will provide for Hurricane Delta because of the small amount of production that remains shut.
Published 17 Oct, 2020 12:04am