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Markets

Gold price per tola increases Rs2,400 in Pakistan

After declining in the previous session, Gold prices jumped massively in Pakistan on Wednesday in line with an...

Published 29 May, 2024 02:17pm

Markets

Ministry of Finance expects inflation to fall further to 13.5-14.5% in May

Govt's commitment to curbing inflation through stringent administrative measures paints a promising picture for the inflation outlook

Published 29 May, 2024 02:16pm

Business & Finance

S&P revises outlook on India’s sovereign rating to positive from stable

MUMBAI: S&P Global Ratings retained India’s sovereign rating but raised its outlook to ‘positive’ from ‘stable’...

Published 29 May, 2024 02:05pm

World

Three Israeli soldiers killed in combat in southern Gaza, military says

OCCUPIED JERUSALEM: The Israeli military said three soldiers had been killed in combat in southern Gaza on...

Published 29 May, 2024 01:55pm

Markets

European shares fall as rising bond yields renew rate jitters

European shares declined on Wednesday as rising bond yields globally spurred concerns of interest rates staying...

Published 29 May, 2024 01:51pm

Sports

Hard-hitting Nepali cop looks to handcuff World Cup bowlers

KATHMANDU: Nepal’s Dipendra Singh Airee is a 24-year-old policeman dubbed “The Tiger”, who hopes to use his...

Published 29 May, 2024 01:48pm

Sports

USA looking for wins in T20 World Cup debut

FORT LAUDERDALE: The USA will make their debut in the T20 World Cup and while they earned the spot as a result of...

Published 29 May, 2024 01:44pm

Life & Style

Robert De Niro calls Trump a ‘clown’ outside trial in Biden campaign message

WASHINGTON: Actor Robert De Niro called Donald Trump a “clown” who is bent on destroying American democracy on...

Published 29 May, 2024 01:34pm

Sports

Young Afghan side ‘among the favourites’ for T20 World Cup

KABUL: A young Afghan side with an average age of just 25 have vowed to give audiences back home rare cause for...

Published 29 May, 2024 01:32pm

Markets

Negativity at PSX, KSE-100 falls below 75,000

Bearish sentiment prevailed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index fell below the...

Updated 29 May, 2024 02:23pm

Sports

Amateur, 22, is first Singaporean golfer to qualify for Masters

LOS ANGELES: Young amateur golfer Hiroshi Tai will be the first Singaporean to play in the US Masters after he won...

Published 29 May, 2024 01:23pm

World

Clashes erupt at Israeli embassy protest in Mexico

MEXICO CITY: Clashes broke out Tuesday between police and protesters outside the Israeli embassy in Mexico, rallying...

Published 29 May, 2024 12:50pm

World

Indian capital records highest-ever temperature of 49.9 Celsius

NEW DELHI: Temperatures in India’s capital have soared to a record-high 49.9 degrees Celsius (121.8 Fahrenheit) as...

Published 29 May, 2024 12:43pm

World

China hosts Arab leaders at forum aimed at deepening ties

BEIJING: China on Wednesday hosts a litany of Arab dignitaries and diplomats ahead of a forum Beijing hopes will...

Published 29 May, 2024 12:36pm

World

Cyclone toll in Bangaldesh and India rises to 65

KOLKATA: A powerful cyclone that smashed into low-lying Bangladesh and India killed at least 65 people, including in...

Published 29 May, 2024 12:28pm

Business & Finance

DFML says it has commenced production of KIA Shehzore, rollout on June 4

Share price still falls after PSX notice

Published 29 May, 2024 12:24pm

World

Belarus halts participation in European military treaty

MOSCOW: President Alexander Lukashenko has signed a decree suspending Belarus’ participation in a treaty that limits...

Published 29 May, 2024 12:13pm

Business & Finance

Vietnam central bank to sell gold to domestic market through 4 state-owned banks

HANOI: Vietnam’s central bank will sell gold to the domestic market through four state-owned banks starting on...

Published 29 May, 2024 12:04pm

Business & Finance

Australia inflation quickens to 5-month high, sounding rate alarm

SYDNEY: Australian consumer price inflation unexpectedly picked up to a five-month high in April due in part to...

Published 29 May, 2024 12:03pm

Technology

Elon Musk’s Starlink back up after brief outage

Elon Musk’s Starlink, the satellite unit of SpaceX, is back up after an outage that affected thousands of users, the...

Published 29 May, 2024 11:59am

Markets

South Korea’s KOGAS seeks LNG supplies on short- to long-term basis

SINGAPORE: South Korea’s Korea Gas Corp (KOGAS) is seeking liquefied natural gas (LNG) supplies on a short- and...

Published 29 May, 2024 11:56am

Markets

Australian shares hit 3-week low as financials drag, inflation data in focus

Australian shares fell to a three-week low on Wednesday, dragged down by heavyweight financial stocks, as investors...

Published 29 May, 2024 11:52am

Technology

India’s Paytm says not in stake sale talks, though media report says CEO met billionaire Adani

BENGALURU: Indian digital payments firm Paytm is not in talks to sell a stake, it said on Wednesday, after a media...

Published 29 May, 2024 11:51am

Business & Finance

Japan must restore fiscal discipline to protect yen’s value, LDP panel says

TOKYO: Japan must restore fiscal discipline to brace for rising interest rates, and to ensure market trust in the...

Published 29 May, 2024 11:47am

World

‘A mountain fell on them’ says rescue worker at PNG landslide site

SYDNEY: Families in Yambali village in Papua New Guinea were sleeping peacefully in their beds when a “mountain” of...

Published 29 May, 2024 11:44am

World

Ukrainian drone destroyed over Russia’s Armavir, regional governor says

MOSCOW: Russian air defences destroyed a Ukrainian drone over the city of Armavir on Wednesday, regional governor...

Published 29 May, 2024 11:43am

World

World’s largest humanitarian network calls for Gaza ceasefire

MANILA: The International Federation of Red Cross and Red Crescent Societies (IFRC) called on Wednesday for a...

Updated 29 May, 2024 01:09pm

Markets

Indonesia rupiah, Philippine peso emerge top losers in Asian FX

The Indonesian rupiah and the Philippine peso led declines among weak emerging Asian currencies on Wednesday, as...

Published 29 May, 2024 11:37am

Markets

Wheat retreats from 10-month highs as investors lock profits

CANBERRA: Chicago wheat futures fell on Wednesday as forecasts for rain in parched Russian sowing areas led to...

Published 29 May, 2024 11:35am

Business & Finance

Vietnam inflation rises in May, nears government limit

HANOI: Vietnam’s annual inflation rate edged up to 4.44% in May, official data showed on Wednesday, nearing the...

Published 29 May, 2024 11:33am

Markets

Japan’s Nikkei erases gains as JGB yields rise

TOKYO: Japan’s Nikkei share average erased early gains to trade lower on Wednesday as investors sold growth stocks...

Published 29 May, 2024 11:31am

Markets

China stocks up as IMF upgrades GDP forecasts

SHANGHAI: China stocks edged up on Wednesday, as the International Monetary Fund (IMF) upgraded its economic growth...

Published 29 May, 2024 11:26am

Markets

Palm rises on firmer crude oil prices, Dalian strength

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, buoyed by firmer crude oil prices and gains in rival...

Published 29 May, 2024 11:23am

Markets

Saudi Arabia may cut July oil prices to Asia for first time in 5 months

SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, may cut prices for most crude grades it sells to Asia in...

Published 29 May, 2024 11:14am

Sports

Big guns Swiatek and Osaka meet in early French Open showdown

PARIS: Defending French Open champion Iga Swiatek will take on Naomi Osaka in a blockbuster second-round contest...

Published 29 May, 2024 11:13am

Technology

Lenovo to issue $2bn of convertible bonds to Saudi’s Alat to repay debt

Lenovo Group said on Wednesday it would issue $2 billion worth of zero-coupon convertible bonds to Alat, and had...

Published 29 May, 2024 11:10am

Business & Finance

IMF upgrades China’s 2024, 2025 GDP growth forecasts after ‘strong’ Q1

BEIJING: China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary...

Published 29 May, 2024 11:09am

Markets

Indian rupee to dip on jump in US bond yields; inflows may cap losses

MUMBAI: The Indian rupee will decline at open on Wednesday, tracking the broad decline on Asian peers amid a rise in...

Published 29 May, 2024 11:04am

Markets

Vietnam Jan-May coffee exports down 3.9% y/y at 833,000 T

HANOI: Vietnam exported 833,000 metric tons of coffee in the first five months of this year, down 3.9% from a year...

Published 29 May, 2024 11:02am

Markets

Vietnam rice exports in May up 35.3% y/y at 980,000 T

HANOI: Vietnam exported 980,000 metric tons of rice in May, up 35.3% against the same month a year earlier,...

Published 29 May, 2024 11:01am

Markets

China’s yuan hits 6-month low as fading Fed cut bets boost dollar

SHANGHAI: China’s yuan dropped to the lowest level in more than six months against the US dollar on Wednesday, after...

Published 29 May, 2024 11:00am

World

Algeria proposes UN action to ‘stop killing in Rafah’

UNITED NATIONS: Algeria on Tuesday proposed a draft UN Security Council resolution that demands a ceasefire in the...

Published 29 May, 2024 10:58am

Markets

Upward drift in US yields nudges Indian peers higher

MUMBAI: Indian government bond yields moved marginally higher on Wednesday with the benchmark yield breaching 7% as...

Published 29 May, 2024 10:52am

Markets

Indian shares open lower as financials drag

BENGALURU: Indian shares opened lower on Wednesday, dragged by losses in heavyweight financials and information...

Published 29 May, 2024 10:51am

Markets

Global aluminium producer seeks Q3 premiums of $175/T, sources say

TOKYO: A global aluminium producer has offered Japanese buyers a premium of $175 per metric ton for July-September...

Published 29 May, 2024 10:49am

Markets

JGB yields leap to more than a decade peak on currency, BOJ policy jitters

TOKYO: Japanese government bond (JGB) yields rose on Wednesday to fresh multi-year highs as investors remained...

Published 29 May, 2024 10:48am

Markets

Copper climbs on China outlook; firm dollar, rising stocks cap gains

BEIJING: Copper prices climbed on Wednesday on expectations of better demand from top consumer China, while a steady...

Published 29 May, 2024 10:46am

Markets

Intra-day update: rupee registers marginal gain against US dollar

Currency hovers at 278-279 level in inter-bank market

Published 29 May, 2024 10:45am

Markets

Gold subdued as US dollar, yields firm; traders await inflation data

Gold prices edged lower on Wednesday as the US dollar and Treasury yields held firm ahead of key inflation data,...

Published 29 May, 2024 10:45am

Markets

Australia dollar underpinned as inflation, yields move higher

SYDNEY: The Australian dollar got a brief lift on Wednesday after a reading on local inflation surprised on the high...

Published 29 May, 2024 10:43am

Markets

Dollar steady ahead of inflation data, yen wobbles

SINGAPORE: The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later...

Published 29 May, 2024 09:53am

Markets

Oil advances as major producers expected to keep output cuts in place

NEW DELHI: Oil prices rose in Asian trading on Wednesday on expectations major producers will maintain output cuts...

Updated 29 May, 2024 12:09pm

Pakistan

At least 28 dead as Quetta-bound bus falls into ditch

At least 28 people died and more than 20 were injured on Wednesday after a bus overturned and fell into a ditch in...

Updated 29 May, 2024 02:32pm

BR Research

Honda floating

Looking at the financial statement of Honda Atlas Cars (PSX: HCAR), one wonders, how did the company manage to raise...

Published 29 May, 2024 06:37am

BR Research

Case for coffee

Pakistan is a tea-drinking nation, no doubt. But with changing demographics, slowly but surely, coffee penetration...

Published 29 May, 2024 06:32am

BR Research

Hi-Tech Lubricants Limited

Hi-Tech Lubricants Limited (PSX: HTL) is incorporated in Pakistan as a public limited company. The company is...

Published 29 May, 2024 06:27am

World

South Africa gears up for ‘most unpredictable’ vote

JOHANNESBURG: South Africans braced Tuesday for a tight general election that may loosen the ruling ANC’s 30-year...

Published 29 May, 2024 06:05am

Business & Finance

Aleem holds meetings in Tajikistan to increase bilateral trade

ISLAMABAD: Federal Minister of Investment Board, Privatisation and Communications Abdul Aleem Khan, during his visit...

Published 29 May, 2024 06:05am

Pakistan

NDMA warns public against fake website

ISLAMABAD, May 28: The National Disaster Management Authority (NDMA) has warned the public to be aware of a website...

Published 29 May, 2024 06:05am

Pakistan

Bhutto was the architect of N-technology: Sharjeel

KARACHI: Sindh Senior Minister and Provincial Minister for Information, Transport, Excise, Taxation, and Narcotics...

Published 29 May, 2024 06:05am

Pakistan

Al-Qadir Trust case: NAB raids Bahria Town’s office

ISLAMABAD: The National Accountability Bureau (NAB) has conducted a raid on the office of property tycoon Malik...

Published 29 May, 2024 06:05am

Pakistan

India’s missile deployments threaten peace: ex-CJCSC

ISLAMABAD: India’s aggressive missile developments, including deploying advanced systems like the BrahMos missile...

Published 29 May, 2024 06:05am

Pakistan

SC’s order in refund matters: CTO Islamabad fails to submit comments before FTO

ISLAMABAD: The Federal Board of Revenue’s Corporate Tax Office (CTO), Islamabad has failed to timely submit...

Published 29 May, 2024 06:05am

Business & Finance

Customs values on import of welding electrodes revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of welding...

Published 29 May, 2024 06:05am

Pakistan

NAO amendment case verdict: SC to take up plea of govt today

ISLAMABAD: The Supreme Court larger bench will take up Intra-Court Appeal (ICA) of the federation against SC ...

Published 29 May, 2024 06:05am

Pakistan

Heatwave spell likely to stay for two more days

KARACHI: The relentless heatwave spell is likely to stay across the country’s plains for two days more, the Met...

Published 29 May, 2024 06:05am

World

Iraq’s Sadr demands closure of US embassy after Rafah strike

BAGHDAD: Influential Iraqi cleric Moqtada Sadr renewed his calls to close the US embassy in Baghdad Tuesday after an...

Published 29 May, 2024 06:05am

Technology

Google, Amazon, Apple lobby group opposes India’s EU-like antitrust proposal

NEW DELHI: A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its ...

Published 29 May, 2024 06:05am

World

Trump defense attorney attacks hush money case as ‘lies’

NEW YORK: Defense lawyers in Donald Trump’s hush money trial made their final pitch to the jury on Tuesday,...

Published 29 May, 2024 06:05am

World

12 Indians killed in quarry collapse after cyclone rains

GUWAHATI, (India): Torrential rains in the wake of a powerful cyclone caused the collapse of a quarry in India’s...

Published 29 May, 2024 06:05am

World

120 business leaders back UK’s Labour in election

LONDON: The UK’s Labour party won the backing on Tuesday of 120 business leaders, in a timely boost as it bids to...

Published 29 May, 2024 06:05am

World

Donors vow $5.4bn for Syrian refugees

BRUSSELS (Belgium): International donors led by the EU on Monday pledged five billion euros ($5.4 billion) for ...

Published 29 May, 2024 06:05am

Pakistan

Shehzad Ahmed Malik re-elected as ICMAP President

KARACHI: Shehzad Ahmed Malik, was re-elected as President of Institute of Cost and Management Accountants of...

Published 29 May, 2024 06:05am

PM for preparing new cooperation projects with China

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the ministries to prepare new cooperation projects between...

Updated 29 May, 2024 08:35am

Business & Finance

India’s Reliance to buy Russian oil in roubles

NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal...

Updated 29 May, 2024 08:37am

Gender finance gap: SECP unveils policy framework for ‘WEFP’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a policy framework for Women...

Updated 29 May, 2024 09:20am

Pakistan

India granted consular access to arrested RAW agents

ISLAMABAD: Pakistan has granted consular access to India for meeting two alleged RAW agents imprisoned in Adiala ...

Published 29 May, 2024 06:05am

Pakistan

SU students to participate in IBA ICC Moot Court Competition 2024

HYDERABAD: A five-member students' delegation headed by two faculty members from the Institute of Law, University of...

Published 29 May, 2024 06:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 29	278.37
USD PKR Interbank Buying / May 29	278.16
USD to Japanese Yen / May 29	157.06
USD to Swiss Franc / May 29	0.91
Pound Sterling to USD / May 29	1.28
Euro to USD / May 29	1.09

Stock	Volume
S&P 500 / May 28	5306.04
Nasdaq / May 28	17019.88
FTSE 100 / May 28	8254.18
Dow Jones / May 28	38852.86
Germany DAX 30 / May 28	18677.87
France CAC40 / May 28	8057.80
India Sensex / May 29	74732.81
Tokyo Nikkei / May 29	38556.87

Item	Value
Petrol/Litre / May 29	273.10
Crude Oil USD/Barrel / May 29	80.19
Karachi Cotton PKR/37.32 KG / May 29	19935
Gold 10 Grams PKR / May 29	208076
Gold Spot USD/Ounce / May 29	2355.13
Diesel/Litre / May 29	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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