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Alibaba

‘Gold Sponsor’ Alibaba concludes its participation in Textile Asia fair

KARACHI: Alibaba, an ecommerce giant, has concluded its participation as Gold Sponsor in the 24th edition of South...

Published 16 Mar, 2023 06:01am

Technology

ChatGPT frenzy sweeps China as firms scramble for home-grown options

HONG KONG: Microsoft-backed OpenAI has kept its hit ChatGPT app off-limits to users in China, but the app is...

Published 13 Feb, 2023 01:54pm

Business & Finance

Alibaba exits India’s Paytm, selling shares for $167mn

BENGALURU: China’s Alibaba Group has sold its remaining stake in Indian digital payments firm Paytm for about...

Published 10 Feb, 2023 08:03pm

Technology

China’s Alibaba joins global chatbot race

BEIJING: Chinese e-commerce giant Alibaba said Thursday it was working on a rival to ChatGPT, joining a flurry of...

Published 09 Feb, 2023 10:33am

Business & Finance

Alibaba says testing ChatGPT-style tool as AI buzz gathers pace

SHANGHAI: China’s Alibaba Group on Wednesday said it is developing a ChatGPT-style artificial intelligence (AI) tool...

Published 08 Feb, 2023 06:54pm

Business & Finance

First Alibaba.com Multan seller summit held

LAHORE: Alibaba.com, a leading platform for global business-to-business (B2B) trade, successfully hosted its first...

Published 16 Jan, 2023 06:18am

Business & Finance

Alibaba plans $1bn investment in Turkey

ISTANBUL: Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a...

Published 09 Jan, 2023 07:00am

Business & Finance

Alibaba plans $1 billion investment in Turkey: newspaper

ISTANBUL: Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a...

Published 08 Jan, 2023 06:21pm

Business & Finance

China’s Ant Group gets green light for $1.5bn fundraising plan

BEIJING: Chinese authorities have given approval to Jack Ma’s Ant Group to raise 10.5 billion yuan ($1.5 billion)...

Published 04 Jan, 2023 01:23pm

Business & Finance

Alibaba co-founder Joseph Tsai to reduce stake in company

Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the...

Published 16 Dec, 2022 06:13pm

Markets

China stocks end higher

HONG KONG: China stocks closed higher on Tuesday after a rangebound day of trade, while Hong Kong stocks lost steam,...

Published 07 Dec, 2022 05:54am

Business & Finance

Alibaba.com to hold ‘Hybrid Export Seller Summit’ in Lahore

LAHORE: Alibaba.com, a leading global business-to-business (B2B) online trade platform, has announced that it will...

Published 05 Dec, 2022 05:47am

Technology

Jack Ma living in Japan after China tech crackdown: FT

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view...

Updated 30 Nov, 2022 02:48pm

Business & Finance

Alibaba reports loss of $2.9bn in third quarter

BEIJING: Chinese e-commerce giant Alibaba on Thursday reported a loss of 20.6 billion yuan ($2.89 billion) for the...

Published 18 Nov, 2022 05:53am

Business & Finance

Alibaba quarterly revenue misses expectations as spending slows

Chinese e-commerce giant Alibaba Group Holding Ltd posted a smaller-than-expected rise in quarterly revenue on...

Published 17 Nov, 2022 05:47pm

Business & Finance

Alibaba keeps Singles Day sales tally under wraps for first time

BEIJING: Chinese e-commerce giant Alibaba has not released full sales figures for its annual Singles Day event for...

Published 14 Nov, 2022 09:21am

Business & Finance

SoftBank posts Q2 net profit after Alibaba share sales

TOKYO: Japan’s SoftBank Group on Friday posted a net profit in the second quarter, with big gains from its recent...

Published 14 Nov, 2022 07:32am

Business & Finance

Alibaba keeps Singles Day sales tally under wraps for first time

BEIJING: Chinese e-commerce giant Alibaba has not released full sales figures for its annual Singles Day event for...

Published 12 Nov, 2022 10:29am

Markets

Hong Kong stocks surge on China zero-Covid rumours

HONG KONG: Hong Kong stocks rallied more than five percent Tuesday after a post on social media suggested Chinese...

Updated 01 Nov, 2022 01:52pm

Business & Finance

China ADRs tumble as Xi’s new team sparks worries over economy’s path

BEIJING: US-listed shares of Chinese companies slumped on Monday after President Xi Jinping’s new leadership team...

Published 25 Oct, 2022 05:51am

Technology

Sialkot stands out, Alibaba calls on other cities to enhance exports through platform

At event in Karachi, Head of Alibaba.com Pakistan says massive opportunity exists for suppliers to start export journey

Published 16 Sep, 2022 12:54pm

Business & Finance

Alibaba.com concludes first event in Karachi

KARACHI: Alibaba.com, a global platform for B2B e-commerce, successfully concluded its first event in Karachi. The...

Published 16 Sep, 2022 06:04am

Business & Finance

Alibaba to hold seller summit on Sept 15

KARACHI: Leading B2B e-commerce platform Alibaba.com will host a seller summit in Karachi on 15 September 2022 to...

Published 10 Sep, 2022 04:14am

Business & Finance

US regulators to vet Alibaba, other Chinese firms’ audits

HONG KONG: US regulators have selected e-commerce giant Alibaba Group Holding Ltd and other US-listed Chinese...

Published 30 Aug, 2022 08:46pm

Business & Finance

‘Faisalabad Seller Summit’ organised

FAISALABAD: Faisalabad Seller Summit organized by Alibaba.com global e-commerce platform in collaboration with...

Published 20 Aug, 2022 03:41am

Technology

With Alibaba stake cut, SoftBank’s Son cools toward China tech

TOKYO: SoftBank Group Corp’s decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be...

Published 12 Aug, 2022 03:28pm

Business & Finance

SoftBank to gain $34bn from cutting Alibaba stake

TOKYO: SoftBank Group Corp said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba...

Published 10 Aug, 2022 06:49pm

Business & Finance

Alibaba revenue growth flatlines for first time as China’s lockdowns bite

Alibaba Group Holding Ltd, on Thursday reported flat quarterly revenue growth for the first time in its history,...

Published 04 Aug, 2022 05:41pm

Markets

Alibaba shares extend losses on US delisting fear

HONG KONG: Chinese e-commerce giant Alibaba led technology stocks lower in Hong Kong on Monday after US authorities...

Published 01 Aug, 2022 09:51am

Business & Finance

Alibaba hosts first ‘seller summit’

LAHORE: Alibaba, a leading platform for global business-to-business (B2B) trade, on Thursday hosted its first seller...

Published 22 Jul, 2022 06:07am

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 24 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 24 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 24 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 24 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 24 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 24 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 24 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 24 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 24 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 24 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 24 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 24 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 24 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 24 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 24 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 24 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 24 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 24 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 24 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 24 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 24 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 24 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 24 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 24 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 24 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 24 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
Dow Jones / Mar 23	32105.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42
FTSE 100 / Mar 24	7408.41
Germany DAX 30 / Mar 24	15034.97
France CAC40 / Mar 24	7056.60

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

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