News Archives for Latest - 2024-04-12

<<>>

Archive - 2024-04-12

Pakistan

Joint inquiry committee to probe Bahawalnagar incident: ISPR

It says certain factions with 'vested motives' are fanning vitriolic propaganda on social media

Updated 13 Apr, 2024 12:09am

USA

World Bank chief pushes internal reforms at spring meetings

WASHINGTON: World Bank President Ajay Banga said on Friday he plans to highlight a range of process improvements...

Updated 12 Apr, 2024 11:10pm

Pakistan

Eid celebrations nationwide: festive fun, family gatherings take center stage

On the third day of Eid ul-Fitr, people across the country are embracing the festive spirit by venturing out to...

Updated 12 Apr, 2024 11:08pm

Middle East

33,634 Palestinians killed in Israel’s offensive in Gaza since Oct.7, Gaza health ministry says

DUBAI: At least 33,634 Palestinians have been killed and 76,214 injured in Israel’s military offensive in Gaza since...

Updated 12 Apr, 2024 11:07pm

Middle East

Iran aims to contain fallout in Israel response, will not be hasty, sources say

Tehran's message to Washington was conveyed by Foreign Minister Hossein Amirabdollahian during visit to Gulf Arab state of Oman

Updated 12 Apr, 2024 11:05pm

World

Italy urges Iran to show restraint over Israeli strike

ROME: Italy’s foreign affairs minister said he spoke by telephone with his Iranian counterpart on Friday, to urge...

Published 12 Apr, 2024 10:28pm

Europe

UN migration chief urges more aid to Ukraine after visit

GENEVA: The UN’s migration chief urged countries Friday to boost humanitarian support for Ukraine amid worrying...

Published 12 Apr, 2024 09:45pm

Pakistan

Rain expected in major cities including Karachi, Lahore from Saturday

The Pakistan Meteorological Department (PMD) has forecast heavy to light rains across various cities of the country,...

Published 12 Apr, 2024 08:39pm

Money & Banking

JPMorgan profit rises 6% even as interest income forecast falls short of predictions

JPMorgan Chase’s profit rose 6% in the first quarter, although its shares dropped after the bank’s forecast for its...

Published 12 Apr, 2024 07:21pm

Money & Banking

Wells Fargo profit shrinks more than 7% on lower interest income

Wells Fargo’s profit fell 7% in the first quarter as it became more costly to pay customers for deposits and demand...

Published 12 Apr, 2024 07:14pm

Money & Banking

Citi profit beats estimates, takes $483mn charge tied to severance costs

Citigroup’s first-quarter profit fell 27% but beat market expectations on Friday, while taking a $483 million charge...

Published 12 Apr, 2024 07:10pm

Money & Banking

Bank of England to reform economic forecasting

LONDON: The Bank of England (BoE) said Friday it would implement a “substantial upgrade programme” to improve its...

Published 12 Apr, 2024 06:59pm

Money & Banking

India’s forex reserves rise for seventh consecutive week to record high

MUMBAI: India’s foreign exchange reserves rose for the seventh straight week to hit a record high of $648.56 as of...

Published 12 Apr, 2024 06:50pm

Europe

IMF raises 2024 GDP growth forecast for Spain to 1.9% from 1.5%

MADRID: The International Monetary Fund raised its forecast for Spain’s economic growth this year to 1.9% from 1.5%...

Published 12 Apr, 2024 06:42pm

Middle East

Dozens of Palestinians killed in Gaza as Hamas official vows to ‘break’ Israel

GAZA: Israeli forces fought Hamas in the north and centre of the Gaza Strip on Friday as Khaled Meshaal, a senior...

Published 12 Apr, 2024 06:29pm

Energy

Oil rebounds on Mideast tensions but set for weekly loss

LONDON: Oil rose over 1% on Friday as heightened tensions in the Middle East raised the risk of supply disruptions...

Updated 12 Apr, 2024 06:14pm

USA

Biden cancels $7.4bn in student debt for 277,000 borrowers

The Biden administration will cancel $7.4 billion in student debt for 277,000 borrowers, the White House said on...

Published 12 Apr, 2024 06:01pm

Stocks

Fading US rate cut hopes erase weekly gains for Indian shares; March CPI data eyed

BENGALURU: India’s blue-chip indexes dropped 1% each on Friday, weighed down by financial and information technology...

Published 12 Apr, 2024 05:57pm

Commodities

Growth optimism propels copper to 2022 peaks

LONDON: Copper prices jumped to their highest since June 2022 on Friday as investors piled into the market on...

Published 12 Apr, 2024 05:53pm

Commodities

Palm falls on soyoil weakness, demand concerns

MUMBAI: Malaysian palm oil futures fell nearly 1% on Friday, tracking weakness in Chicago soyoil prices due to ample...

Published 12 Apr, 2024 05:51pm

Commodities

Asia rice: Firm demand from Indonesia props up Thai rates

Prices of rice exported from Thailand rose this week, supported by strong demand from Indonesia, while subdued...

Published 12 Apr, 2024 05:31pm

Forex

Russian rouble weakens against the US dollar

MOSCOW: The Russian rouble weakened against the US dollar on Friday. By 0721 GMT), the rouble was 0.33% lower at...

Published 12 Apr, 2024 02:23pm

Forex

South African rand weakens against strong dollar

JOHANNESBURG: South Africa’s rand weakened in early trade on Friday against the US dollar, which hovered near a...

Published 12 Apr, 2024 02:17pm

Energy

IEA trims oil demand forecast on weakness in wealthier countries

LONDON: The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday, citing...

Published 12 Apr, 2024 02:10pm

Middle East

Israeli forces kill 2 in West Bank: Palestinian agency

TUBAS: Israeli forces shot dead two Palestinians in an early morning raid on Friday near the occupied West Bank city...

Published 12 Apr, 2024 01:48pm

Stocks

European stocks rise at open

LONDON: Europe’s stock markets rallied Friday as dealers took their cue from Wall Street’s positive lead and upbeat...

Published 12 Apr, 2024 01:44pm

Europe

Prince William makes first appearance since wife’s cancer announcement

LONDON: Prince William has made his first public appearance since his wife Catherine announced she has cancer,...

Published 12 Apr, 2024 01:41pm

Europe

European court ruling puts cautious Swiss in climate bind

GENEVA/ZURICH: Switzerland for all its snow-capped mountains and crisp Alpine air has failed to protect its people...

Published 12 Apr, 2024 01:36pm

Commodities

Shanghai aluminium hits two-year high, set for 7th weekly gain

Shanghai aluminium rose on Friday to its highest in nearly two years, as funds pumped money into commodities...

Published 12 Apr, 2024 12:39pm

Europe

Ukraine says Russian drones damaged energy infrastructure in south

KYIV: Attacks by Russian drones in southern Ukraine overnight caused a fire at an energy facility in Dnipropetrovsk...

Updated 12 Apr, 2024 12:37pm

Stocks

London stocks set for weekly gains; miners lead gains

British equities edged higher on Friday, set for weekly gains, led by a jump in precious metal miners and broader...

Published 12 Apr, 2024 12:29pm

Energy

China March crude oil imports at 49.05mn metric tons

BEIJING: China’s crude oil imports in March fell back from high levels a year earlier but remained strong as key...

Published 12 Apr, 2024 12:28pm

Sports

Tom Blundell, Foulkes called up for New Zealand T20 tour of Pakistan

WELLINGTON: Wicketkeeper Tom Blundell and uncapped all-rounder Zak Foulkes have been added as late call-ups for New...

Published 12 Apr, 2024 12:23pm

Stocks

Hong Kong shares edge lower at open

HONG KONG: Shares fell at the open of business in Hong Kong on Friday as tech firms suffered early selling, while...

Published 12 Apr, 2024 12:14pm

Life & Style

Paramount shows ‘Gladiator 2’ as Disney goes R-rated

LAS VEGAS: Paramount Pictures unveiled gory first-look footage from “Gladiator 2” as Disney put on an unusually...

Published 12 Apr, 2024 12:12pm

South Asia

Educated and unemployed: India’s angry young voters

MUMBAI: At a run-down job centre in the suburbs of India’s financial capital Mumbai, 27-year-old Mahesh Bhopale...

Published 12 Apr, 2024 12:06pm

Life & Style

Patek Philippe chief not worried for top-end Swiss watches

GENEVA: Patek Philippe’s chief says he is not anxious about the prospects for top-end timepieces, despite Swiss...

Published 12 Apr, 2024 11:58am

Sports

Scottie Scheffler keeps eyes on the prize, not Masters leaderboard

AUGUSTA: For someone who admittedly was not thinking about his score, world number one and tournament favorite...

Published 12 Apr, 2024 11:50am

Commodities

Corn down, set for second weekly loss as ample supply weighs

SINGAPORE: Chicago corn slid on Friday, with the market set for a second weekly loss after a US report showed...

Published 12 Apr, 2024 11:45am

Stocks

Stocks muted, gold at new peak as markets weigh Fed cut timing

TOKYO: Asian equities were in a subdued mood on Friday as investors pondered the path for Federal Reserve interest...

Published 12 Apr, 2024 11:43am

Bullion Rate

Shanghai Gold Exchange to hike gold margin requirement to 9% as prices hit record high

BEIJING: The Shanghai Gold Exchange will raise margin requirements for some gold futures contracts to 9% from 8%,...

Published 12 Apr, 2024 11:40am

Commodities

Palm falls on soyoil weakness, lower Indian imports

MUMBAI: Malaysian palm oil futures fell more than 1% in early trade on Friday, tracking weakness in Chicago soyoil...

Published 12 Apr, 2024 11:37am

Forex

Australia, NZ dollars steady, but poised for weekly losses

SYDNEY: The Australian and New Zealand dollars held overnight gains on Friday, although they were still set for...

Published 12 Apr, 2024 11:35am

Bullion Rate

Safe-haven gold snaps record highs, heads for fourth weekly gain

Gold prices climbed on Friday to hit a historic peak as central bank purchases amid geopolitical tensions sustained...

Published 12 Apr, 2024 11:31am

Forex

China’s yuan holds steady as strong fixing offsets firm dollar

SHANGHAI: China’s yuan was steady on Friday, as the central bank’s strong guidance for the currency offset pressure...

Published 12 Apr, 2024 11:28am

Mutual Funds

Break of key levels in Treasuries prompts selloff in Indian bonds

MUMBAI: Indian government bond yields climbed on Friday as elevated US inflationary pressures reaffirmed doubts on...

Published 12 Apr, 2024 11:26am

Sports

Suryakumar Yadav IPL blitz eases comeback concerns ahead of T20 World Cup

NEW DELHI: Mumbai Indians batter Suryakumar Yadav blew away the cobwebs with a rapid fifty in Thursday’s Indian...

Published 12 Apr, 2024 11:24am

Mutual Funds

JGB yields slip as investors scoop up bonds on dip

TOKYO: Japanese government bond (JGB) yields dipped across the curve on Friday, after a hot US inflation report that...

Published 12 Apr, 2024 11:16am

Forex

Most Asian currencies slip on Fed uncertainty; stocks mixed

The Malaysian ringgit led declines among weak Asian currencies on Friday due to a buoyant dollar while regional...

Published 12 Apr, 2024 11:14am

Forex

Indian rupee weakens tracking most Asian peers, forward premiums decline

MUMBAI: The Indian rupee weakened on Friday, tracking a fall in its Asian peers, while dollar-rupee forward premiums...

Published 12 Apr, 2024 11:11am

Sports

Liverpool lost the plot in Atalanta defeat, says Klopp

Liverpool lacked tactical discipline against Atalanta on Thursday and fully deserved their 3-0 defeat in the Europa...

Published 12 Apr, 2024 11:08am

Business & Finance

More Japan households see higher prices a year from now, survey shows

TOKYO: Japanese households’ inflation expectations rose in the three months to early March, a central bank survey...

Published 12 Apr, 2024 11:06am

Stocks

China stocks track Asian markets lower on rate concerns

SHANGHAI: China stocks tracked Asian markets lower on Friday as traders scaled back bets for a slew of US rate cuts...

Published 12 Apr, 2024 11:03am

Life & Style

Meghan Markle and Prince Harry producing two new Netflix shows

LOS ANGELES: Prince Harry and wife Meghan are producing two upcoming Netflix, opens new tab shows that will focus on...

Published 12 Apr, 2024 10:58am

Europe

Water level rises sharply in Russia’s Kurgan region

The village of Kaminskoye in Russia’s Kurgan region was being evacuated on Friday morning after the water level...

Published 12 Apr, 2024 10:49am

Sports

Heartbroken Hunter’s Olympic doubles dream dashed by injury

SYDNEY: World number three doubles player Storm Hunter suffered a ruptured Achilles in training on Thursday,...

Published 12 Apr, 2024 10:47am

Asia

South Korea, Japan, US hold naval drills amid North Korea threats

SEOUL: South Korea, Japan and the United States staged long-planned joint naval exercises involving an American...

Published 12 Apr, 2024 10:43am

Stocks

Australian shares inch lower as miners drag

Australian shares inched lower on Friday, with miners leading the fall, as investors worried about rebounding US...

Published 12 Apr, 2024 10:35am

Stocks

Japan’s Nikkei rises as tech shares track US peers, Fast Retailing weighs

TOKYO: Japan’s Nikkei share average rose on Friday as technology stocks tracked the strength in their US peers...

Published 12 Apr, 2024 10:33am

Stocks

Indian shares set to open lower on fading US rate cut hopes

BENGALURU: Indian shares are set to open lower on Friday as hot US inflation data eroded hopes of early Federal...

Published 12 Apr, 2024 10:31am

Forex

Yen crumbles under towering dollar and US Treasury yields

SINGAPORE: The yen struggled to break away from a 34-year low on Friday and was headed for a weekly decline, while...

Published 12 Apr, 2024 10:29am

World

Almost 100,000 people evacuated due to floods in Kazakhstan

ALMATY: - Almost 100,000 people have been evacuated due to floods in Kazakhstan, the country’s emergencies ministry...

Published 12 Apr, 2024 10:23am

Arts

Sotheby’s next hot auction: a Picasso-backed bond

NEW YORK: Francisco Goya’s Saturn devoured his son; Damien Hirst cut a shark into pieces. Financial markets are...

Published 12 Apr, 2024 02:43am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 15	160.01
USD to Swiss Franc / Jun 15	0.79
Pound Sterling to USD / Jun 15	1.35
Euro to USD / Jun 15	1.16
SOFR % / Jun 12	3.63

Stock	Volume
S&P 500 / Jun 12	7,431.46
Nasdaq / Jun 12	25,888.84
Dow Jones / Jun 12	51,202.26
India Sensex / Jun 15	76,764.22
Tokyo Nikkei / Jun 15	69,593.64
Hang Seng / Jun 15	24,816.13
FTSE 100 / Jun 15	10,499.85
Germany DAX 30 / Jun 15	25,012.02
France CAC40 / Jun 15	8,447.27

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 12	21,780
Gold 10 Grams PKR / Jun 12	375,947
Petrol/Litre / Jun 15	373.78
Crude Oil USD/Barrel / Jun 15	80.67
Gold Spot USD/Ounce / Jun 15	4,327.01
Diesel/Litre / Jun 15	378.78
Cotton US¢/pound / Jun 15	76.49

Gainers
Losers
Leaders

Stock	Price
Arctic Textile / Jun 12 Arctic Textile Mills Limited(ARCTM)	33.75 ▲ 3.07 (10.01%)
Zephyr Textile / Jun 12 Zephyr Textiles Limited(ZTL)	20.45 ▲ 1.86 (10.01%)
AN Textile Mills / Jun 12 AN Textile Mills Limited(ANTM)	37.02 ▲ 3.37 (10.01%)
Elahi Cotton / Jun 12 Elahi Cotton Mills Limited(ELCM)	285.76 ▲ 25.98 (10%)
National Silk / Jun 12 The National Silk & Rayon Mills Limited(NSRM)	161.26 ▲ 14.66 (10%)
Pak. P.V.C. / Jun 12 Pakistan PVC Limited(PPVC)	28.59 ▲ 2.6 (10%)
Int. Knit. / Jun 12 International Knitwear Limited(INKL)	92.20 ▲ 8.38 (10%)
Siddiqsons Tin / Jun 12 Siddiqsons Tin Plate Limited(STPL)	8.44 ▲ 0.73 (9.47%)
IGI Holdings / Jun 12 IGI Holdings Limited(IGIHL)	284.15 ▲ 23.93 (9.2%)
Leiner Pak Gelat / Jun 12 Leiner Pak Gelatine Limited(LPGL)	100.33 ▲ 8.38 (9.11%)

Stock	Price
Idrees Tex. / Jun 12 Idrees Textile Mills Limited(IDRT)	50.10 ▼ -5.57 (-10.01%)
Kohat Textile / Jun 12 Kohat Textile Mills Limited(KOHTM)	121.46 ▼ -13.49 (-10%)
Pak Agro Pack. (GEM) / Jun 12 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9.45 ▼ -1 (-9.57%)
Pak Qatar Family / Jun 12 Pak Qatar Family Takaful Limited(PAKQATAR)	22.19 ▼ -2.28 (-9.32%)
ARM Green Industries / Jun 12 ARM Green Industries Limited(ARMG)	46.40 ▼ -4.77 (-9.32%)
Power Cem(Pref) / Jun 12 Power Cement (Pref)(POWERPS)	23.80 ▼ -2.36 (-9.02%)
East West Ins. / Jun 12 East West Insurance Company Limited(EWIC)	48.54 ▼ -4.42 (-8.35%)
Unicap Modaraba / Jun 12 Unicap Modaraba(UCAPM)	5.20 ▼ -0.45 (-7.96%)
Pak Qatar Gen.Takaful / Jun 12 Pak Qatar General Takaful Limited(PQGTL)	15.42 ▼ -1.33 (-7.94%)
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	20.42 ▼ -1.72 (-7.77%)

Stock	Volume
Kohinoor Spinning / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	57,747,470 ▲ 0.15
B.O.Punjab / Jun 12 The Bank of Punjab(BOP)	52,924,034 ▲ 0.93
Sitara Petroleum Service / Jun 12 Sitara Petroleum Service Limited(SPSL)	52,648,271 ▲ 0.45
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	40,511,471 ▲ 0
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	35,896,472 ▲ 4.01
Oilboy Energy / Jun 12 Oilboy Energy Limited(OBOY)	33,427,696 ▼ -1.72
F. Nat.Equities / Jun 12 First National Equities Limited(FNEL)	28,855,016 ▼ -0.02
TPL Corp Ltd / Jun 12 TPL Corp Limited(TPL)	25,681,007 ▼ -0.82
Pak Int.Bulk / Jun 12 Pakistan International Bulk Terminal(PIBTL)	24,755,100 ▲ 0.24
Waves Home Appliances / Jun 12 Waves Home Appliances Limited(WAVESAPP)	20,120,122 ▲ 0.31

Most Popular