News Archives for Latest - 2024-06-18

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Archive - 2024-06-18

Business & Finance

Malaysia preparing to join BRICS economic group, media report says

KUALA LUMPUR: Malaysia is preparing to join the BRICS group of emerging economies, Prime Minister Anwar Ibrahim said...

Updated 19 Jun, 2024 09:29am

South Asia

Hospital fire kills 9 in northern Iran: media

TEHRAN: At least nine patients died Tuesday after a fire tore through a hospital in Iran’s northern city of Rasht,...

Updated 19 Jun, 2024 09:29am

Energy

Oil up on Fed comments, geopolitical risk premium in Europe, Mideast

Brent crude futures were up 97 cents to $85.22 per barrel at 1538 GMT

Updated 19 Jun, 2024 09:28am

Sports

Will respond when it comes to family, says Haris Rauf after viral confrontational video

Pakistan fast bowler Haris Rauf said on Tuesday he was open to public feedback, but “will not hesitate to respond...

Updated 19 Jun, 2024 09:28am

Business & Economy

Govt eyes revenue boost, expenditure cut to revive economy: Aurangzeb

Finance minister says federal government will shut down parallel ministries or departments devolved to provinces

Updated 19 Jun, 2024 08:53am

Middle East

Israeli forces deepen Rafah invasion, kill 17 in central camps

CAIRO: Israeli airstrikes on Tuesday killed at least 17 Palestinians in two of the Gaza Strip’s historic refugee...

Updated 19 Jun, 2024 08:53am

Stocks

IT, private banks lead Indian shares to third day of record closing highs

BENGALURU: Indian shares finished at record closing highs for the third session in a row on Tuesday, led by gains in...

Updated 19 Jun, 2024 08:52am

Money & Banking

India must avoid ‘adventurism’, focus on bringing down inflation, central bank chief says

MUMBAI: India should avoid “adventurism” and continue to focus on bringing down inflation towards the target of 4%...

Updated 19 Jun, 2024 08:52am

Money & Banking

Fed’s Williams expects rates to come down as inflation pressures ease

Federal Reserve President John Williams said on Tuesday interest rates will come down gradually over time, but he...

Updated 19 Jun, 2024 08:52am

Pakistan

PMD predicts rain, thunderstorms in Punjab, KP, GB from June 18 to 22

Pakistan Meteorological Department (PMD) on Tuesday predicted wind, rain and thunderstorms in different parts of the...

Updated 19 Jun, 2024 08:51am

Asia

China’s support for Russia’s Ukraine war ‘has to stop’: Blinken

WASHINGTON: China’s support for Russia’s defense industry is prolonging the Ukraine war and “has to stop,” US...

Published 18 Jun, 2024 09:53pm

Europe

Ukraine to impose rolling blackouts across country Wednesday: operator

KYIV: Ukraine will face rolling electricity blackouts Wednesday to try to ensure supplies after Russian strikes on...

Published 18 Jun, 2024 09:51pm

Sports

Defending champ Alcaraz overcomes wobble to win Queen’s opener

LONDON: Carlos Alcaraz saved three set points on his way to beating Francisco Cerundolo 6-1, 7-5 as he launched his...

Published 18 Jun, 2024 09:48pm

Sports

Zheng overpowers Osaka on grass with salvo of aces

BERLIN: Zheng Qinwen blasted a barrage of aces as she beat Naomi Osaka 6-4, 3-6, 6-3 on Tuesday in first round of...

Published 18 Jun, 2024 09:45pm

Middle East

Quake kills four, injures 120 in northeastern Iran: state media

TEHRAN: At least four people were killed and 120 injured Tuesday in a 4.9 magnitude earthquake that hit Iran’s...

Published 18 Jun, 2024 08:37pm

Stocks

S&P 500, Dow rise after soft retail sales data; eyes on Fed speakers

The S&P 500 and the Dow rose on Tuesday following softer-than-expected U.S. retail sales numbers, with focus on...

Published 18 Jun, 2024 07:31pm

Movies & Music

Pop star Justin Timberlake arrested for drunk driving in New York, reports say

Pop star Justin Timberlake was arrested on drunk driving charges on Tuesday in New York State, CBS News reported,...

Published 18 Jun, 2024 07:28pm

Stocks

World shares push higher, Europe calmer

LONDON/SINGAPORE: World shares rose on Tuesday as an uneasy calm held in Europe and traders awaited remarks from a...

Published 18 Jun, 2024 07:15pm

USA

Biden to ease immigration pathway for spouses of US citizens

WASHINGTON: President Joe Biden on Tuesday will unveil new rules easing the process for undocumented spouses of US...

Published 18 Jun, 2024 07:10pm

Europe

Ukraine source says Kyiv behind oil tanks attack in Russia

KYIV: Ukrainian forces staged an overnight drone attack that set several oil storage tanks ablaze near the town of...

Published 18 Jun, 2024 07:07pm

South Asia

Power demand peaks in northern India heatwave

NEW DELHI: Searing heatwave temperatures in northern India pushed power demand to a record high, the government said...

Published 18 Jun, 2024 06:14pm

Middle East

Gaza conflict has caused major environmental damage, UN says

The conflict in Gaza has created unprecedented soil, water and air pollution in the region, destroying sanitation...

Published 18 Jun, 2024 05:46pm

Asia

Xi calls for all-out flood rescue effort as storms pound southern China

BEIJING: The task of controlling floods in China is becoming increasingly arduous, President Xi Jinping said on...

Published 18 Jun, 2024 05:40pm

Stocks

Stock markets mostly rise before US data

LONDON: Major stock markets made solid gains and the dollar firmed Tuesday after more tech-driven record highs on...

Updated 18 Jun, 2024 05:15pm

Forex

Dollar edges up as traders await rate cut clues, euro stabilises

TOKYO/LONDON: The dollar edged higher on Tuesday as traders awaited a US retail sales report and comments from...

Published 18 Jun, 2024 03:27pm

Stocks

London stocks rise ahead of UK inflation data, cenbank decision

London stocks inched higher on Tuesday, with investors eyeing key domestic inflation data and the Bank of England’s...

Published 18 Jun, 2024 03:25pm

Forex

Kenyan shilling trades flat, LSEG data shows

The Kenyan shilling was flat against the dollar on Tuesday, LSEG data showed. At 0822 GMT, LSEG showed the shilling...

Published 18 Jun, 2024 03:02pm

Forex

Rouble strengthens as wide spreads characterise Russian FX market

MOSCOW: The Russian rouble strengthened in the over-the-counter (OTC) and the interbank market on Tuesday, in...

Published 18 Jun, 2024 02:54pm

Movies & Music

Brad Pitt’s F1 movie set for release in June 2025

Brad Pitt’s as-yet unnamed Formula One movie will be released globally on June 25 next year, with a North American...

Published 18 Jun, 2024 02:37pm

Sports

Mbappe breaks nose in France Euro 2024 win

DÜSSELDORF: Kylian Mbappe will not need surgery but will wear a mask when he returns to action after the France...

Published 18 Jun, 2024 01:58pm

Sports

Germany’s golden oldies leading push for Euros glory

HERZOGENAURACH: With a combined age of 106, Germany’s three remaining 2014 World Cup winners Manuel Neuer, Thomas...

Published 18 Jun, 2024 01:50pm

Sports

Croatia hoping to avoid ignominious end for ‘golden generation’

HAMBURG: Croatia will be aiming to get their Euro 2024 campaign back on track against Albania on Wednesday, with...

Published 18 Jun, 2024 01:37pm

Stocks

Asian markets rise with Wall St as traders eye latest US data

HONG KONG: Asian equities rallied Tuesday, tracking another tech-driven record on Wall Street, while investors...

Published 18 Jun, 2024 01:26pm

Life & Style

Celine Dion offers a portrait of resilience in vulnerable documentary

NEW YORK: Celine Dion vowed Monday her “passion as a performer will never disappear,” despite health struggles she...

Published 18 Jun, 2024 01:05pm

Life & Style

Music platform CEO says AI is not the enemy

SINGAPORE: Musicians around the world have described artificial intelligence as a threat to creativity, but the CEO...

Published 18 Jun, 2024 12:47pm

Sports

Australia’s Warner says ball-tampering scandal will never go away

SYDNEY: David Warner says he will forever be tarnished by the “Sandpaper-gate” scandal of 2018, as the Australian...

Published 18 Jun, 2024 12:16pm

Europe

Vladimir Putin visits Russian far east en route to North Korea

MOSCOW: President Vladimir Putin made a stop-off in Russia’s far east on Tuesday en route to a summit with North...

Published 18 Jun, 2024 12:07pm

Commodities

Ukrainian wheat starts new season with higher prices, analyst says

KYIV: Starting prices for Ukrainian wheat for the 2024 harvest will be 3-8% higher than last year’s prices, but they...

Published 18 Jun, 2024 11:57am

World

Chinese premier’s Western Australia tour spotlights global race for critical minerals

SYDNEY: Chinese Premier Li Qiang visited a lithium processing plant in resource-rich Western Australia state on...

Published 18 Jun, 2024 11:55am

Stocks

Banks push Australian shares higher as RBA stays vigilant on inflation

Australian shares ended Tuesday nearly 1% higher led by heavyweight financials, after the central bank pushed back...

Published 18 Jun, 2024 11:49am

Stocks

Japan’s Nikkei trades 1% higher after sharp drop

TOKYO: Japan’s Nikkei share average rebounded and gained 1% on Tuesday, as investors bought back stocks following...

Published 18 Jun, 2024 11:47am

Stocks

China stocks track Asian markets higher; Hong Kong slips

SHANGHAI: China stocks edged up on Tuesday, tracking regional markets higher ahead of a chorus of Federal Reserve...

Published 18 Jun, 2024 11:44am

Business & Finance

Australia’s central bank, vigilant on inflation, holds rates steady

SYDNEY: Australia’s central bank held interest rates steady on Tuesday as expected, but warned there were still...

Published 18 Jun, 2024 11:42am

Sports

Nicholas Pooran turns on the power as West Indies pummel Afghanistan

West Indies left-hander Nicholas Pooran combined elegance with power to score 98 with eight sixes on Monday and...

Published 18 Jun, 2024 11:40am

Mutual Funds

Flat Indian bond yields eye fresh directional triggers

MUMBAI: Indian government bond yields were largely unchanged in early session on Tuesday as traders awaited stronger...

Published 18 Jun, 2024 11:36am

Business & Finance

BOJ chief Ueda signals chance of July rate hike

TOKYO: Bank of Japan Governor Kazuo Ueda said the central bank could raise interest rates next month depending on...

Published 18 Jun, 2024 11:33am

Commodities

Copper rebounds from 8-week low on bargain hunting

Copper prices rose on Tuesday as bargain hunters scooped up the metal after prices hit an eight-week low, although...

Published 18 Jun, 2024 11:28am

Sports

India to interview ‘sole candidate’ Gambhir for coaching job: reports

NEW DELHI: Gautam Gambhir is in pole position to become India’s next head coach after media reports said Tuesday...

Published 18 Jun, 2024 11:27am

Europe

Ukraine says its air defence systems destroy all 10 Russia-launched drones

Ukraine’s air force said on Tuesday that its air defence systems destroyed all 10 drones that Russia launched...

Published 18 Jun, 2024 11:20am

Forex

Indian rupee ticks higher, aided by state-run banks’ dollar sales

MUMBAI: The Indian rupee gained on Tuesday, boosted by dollar sales from state-run banks, likely on behalf of...

Published 18 Jun, 2024 11:04am

Business & Finance

Fitch Ratings raises India’s 2024/25 GDP forecast to 7.2%

MUMBAI: India is expected to grow by 7.2% in the current fiscal year, stronger than earlier expected, with its...

Published 18 Jun, 2024 10:57am

Markets

China’s property measures give sales a boost, but only in big cities

BEIJING/HONG KONG: China’s latest property support measures have boosted transactions in its biggest cities, but...

Published 18 Jun, 2024 10:43am

Forex

China’s yuan holds near 7-month low as strong fixing offsets mixed economic data

SHANGHAI: China’s yuan hovered near a seven-month low against the US dollar on Tuesday as stronger guidance from the...

Published 18 Jun, 2024 10:38am

Mutual Funds

JGB yields track US peers higher; BOJ policy concerns remain

TOKYO: Japanese government bond (JGB) yields rose on Tuesday, tracking strength in their US peers, while investors...

Published 18 Jun, 2024 10:36am

Asia

Four missing in China’s Xinjiang after flash floods, mudslides

BEIJING: Flash floods in China’s Changji on Tuesday engulfed a car, and four people are missing, Chinese state media...

Published 18 Jun, 2024 10:34am

Business & Finance

South Korea central bank chief says inflationary pressure easing

SEOUL: South Korea’s central bank governor said on Tuesday the pace of consumer inflation is likely to continue to...

Published 18 Jun, 2024 10:30am

Commodities

Palm falls on weak export data, overnight fall in Dalian oils

JAKARTA: Malaysian palm oil futures slipped on Tuesday when market resumed activity after the Eid holiday, dragged...

Published 18 Jun, 2024 10:27am

Europe

NATO targets AI, robots and space tech in $1.1 billion fund

LONDON: A consortium of NATO allies has confirmed the first tranche of companies awarded funding as part of the...

Published 18 Jun, 2024 10:23am

Commodities

China’s May aluminium imports surge 61% on year

BEIJING: China’s aluminium imports jumped 61.1% in May from a year earlier to 310,000 metric tons, customs data...

Published 18 Jun, 2024 10:20am

Bullion Rate

Gold prices up as US bond yields ease, Fed speakers in focus

Gold prices edged higher on Tuesday as Treasury yields eased, with market participants awaiting US data and comments...

Published 18 Jun, 2024 10:18am

Europe

Oil depots on fire in Russia’s Rostov region after drone attack

Several oil storage tanks were on fire after a drone attack early on Tuesday in the town of Azov in Russia’s...

Published 18 Jun, 2024 10:11am

BR’s refresher: your morning briefing for the day

Important updates from June 17, 2024

Published 18 Jun, 2024 09:06am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 7	277.91
USD PKR Interbank Buying / Aug 7	277.71
USD to Japanese Yen / Aug 7	157.76
USD to Swiss Franc / Aug 7	0.81
Pound Sterling to USD / Aug 7	1.35
Euro to USD / Aug 7	1.16
SOFR % / Aug 7	3.65

Stock	Volume
S&P 500 / Aug 7	7,757.64
India Sensex / Aug 7	78,499.17
Tokyo Nikkei / Aug 7	65,606.71
Nasdaq / Aug 7	26,690.62
Hang Seng / Aug 7	25,668.03
FTSE 100 / Aug 7	10,901.09
Dow Jones / Aug 7	54,036.93
Germany DAX 30 / Aug 7	26,319.45
France CAC40 / Aug 7	8,714.93

Item	Value
Crude Oil USD/Barrel / Aug 7	78.18
Karachi Cotton PKR/37.32 KG / Aug 7	18,580
Gold 10 Grams PKR / Aug 7	389,519
Gold Spot USD/Ounce / Aug 7	4,341.56
Cotton US¢/pound / Aug 7	84.40
Petrol/Litre / Aug 8	329.82
Diesel/Litre / Aug 8	382.36

Gainers
Losers
Leaders

Stock	Price
D.S. Ind. Ltd. / Aug 7 D.S. Industries Limited(DSIL)	13.84 ▲ 1.26 (10.02%)
Secure Logistics-Trax Group / Aug 7 Secure Logistics-Trax Group Limited(SLGL)	17.68 ▲ 1.61 (10.02%)
First Tri-Star Mod. / Aug 7 First Tri-Star Modaraba(FTSM)	46.39 ▲ 4.22 (10.01%)
Asim Textile / Aug 7 Asim Textile Mills Limited(ASTM)	61.81 ▲ 5.62 (10%)
Buxly Paints / Aug 7 Buxly Paints Limited(BUXL)	229.52 ▲ 20.87 (10%)
Frieslandcampina / Aug 7 Frieslandcampina Engro Pakistan Limited(FCEPL)	121.30 ▲ 11.03 (10%)
Faisal Sp. / Aug 7 Faisal Spinning Mills Limited(FASM)	358.06 ▲ 32.55 (10%)
Aisha Steel (CPS) / Aug 7 Aisha Steel Mills Limited (CPS)(ASLCPS)	78.43 ▲ 7.13 (10%)
Wasl Mobility Mod. / Aug 7 Wasl Mobility Modaraba(WASL)	6.80 ▲ 0.59 (9.5%)
Imperial Limited / Aug 7 Imperial Limited(IML)	23.48 ▲ 1.98 (9.21%)

Stock	Price
Fateh Sports / Aug 7 Fateh Sports Wear Limited(FSWL)	159.49 ▼ -16.5 (-9.38%)
Trust Mod. / Aug 7 Trust Modaraba(TRSM)	18.57 ▼ -1.68 (-8.3%)
Asia Ins. / Aug 7 Asia Insurance Company Limited(ASIC)	42.43 ▼ -3.56 (-7.74%)
Shams Textile / Aug 7 Shams Textile Mills Limited(STML)	52.52 ▼ -4.29 (-7.55%)
Dar-es-Salaam / Aug 7 Dar-es-Salaam Textile Mills Limited(DSML)	22.17 ▼ -1.69 (-7.08%)
J.A.Textile / Aug 7 J.A. Textile Mills Limited(JATM)	52.77 ▼ -3.97 (-7%)
Tri-Star Power / Aug 7 Tri-Star Power Limited(TSPL)	17.35 ▼ -1.25 (-6.72%)
Gadoon Textile / Aug 7 Gadoon Textile Mills Limited(GADT)	341.05 ▼ -21.04 (-5.81%)
AKD Hospitality / Aug 7 AKD Hospitality Limited(AKDHL)	150.79 ▼ -9.21 (-5.76%)
Dadabhoy Cement / Aug 7 Dadabhoy Cement Industries Limited(DBCI)	14.47 ▼ -0.88 (-5.73%)

Stock	Volume
Cnergyico PK / Aug 7 Cnergyico PK Limited(CNERGY)	161,177,862 ▲ 0.69
B.O.Punjab / Aug 7 The Bank of Punjab(BOP)	52,334,090 ▲ 0.46
Wasl Mobility Mod. / Aug 7 Wasl Mobility Modaraba(WASL)	24,216,535 ▲ 0.59
Pace (Pak) Ltd. / Aug 7 Pace (Pakistan) Limited(PACE)	20,061,794 ▲ 0.32
Nishat Chun.Pow. / Aug 7 Nishat Chunian Power Limited(NCPL)	18,254,792 ▲ 0.7
Nishat Power / Aug 7 Nishat Power Limited(NPL)	15,207,765 ▼ -0.2
Unity Foods Ltd / Aug 7 Unity Foods Limited(UNITY)	15,156,912 ▼ -0.39
Hascol Petrol / Aug 7 Hascol Petroleum Limited(HASCOL)	13,781,842 ▲ 0.35
D.S. Ind. Ltd. / Aug 7 D.S. Industries Limited(DSIL)	12,582,914 ▲ 1.26
Maple Leaf Cement / Aug 7 Maple Leaf Cement Factory Limited(MLCF)	12,492,335 ▼ -1.02

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