Trends - Ant Group - Business Recorder

Ant Group

Jack Ma: tycoon who soared on China's tech dreams grounded by regulators

Eyebrows were raised when the state-run People's Daily revealed that he is a member of the Communist Party -- something Ma has never fully commented on.

Updated 24 Dec, 2020 11:16am

Markets

Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probe

Investors largely shrugged off comments by US President Donald Trump that a nearly $900 billion stimulus bill, agreed upon after months of wrangling in Congress, was "a disgrace" that he might not sign.

Published 24 Dec, 2020 09:57am

Markets

Nikkei edges near 30-year high on recovery hopes, heavy machinery stocks' gains

SoftBank Group dropped 1.8% after China launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days.

Published 24 Dec, 2020 09:51am

Markets

'It's a joke': retail investors shocked as China halts Ant Group's IPO

China blocked the fintech giant's $37 billion listing on Tuesday, thwarting its debut in Hong Kong and Shanghai scheduled for Thursday and dealing a severe blow to the company founded by billionaire and Alibaba co-founder Jack Ma.

Published 05 Nov, 2020 10:22am

Markets

China's shock suspension of Ant IPO lauded as necessary by state media

The entry of large tech firms into finance has led to concerns about fair competition and data privacy as well as other issues, the China Securities Journal quoted Zhang Zixue, a professor at the China University of Political Science and Law, as saying.

Published 04 Nov, 2020 10:12am

Markets

Ant Group's $37bn listing suspended in Shanghai and Hong Kong

The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market.
Shanghai described Ant's meeting with Chinese financial regulators as a "major event".

Published 03 Nov, 2020 07:34pm

Markets

Ant Group's IPO sees record $3 trillion in retail demand

Ant’s dual listing is set to raise about $34.4 billion, split fairly evenly between Shanghai’s STAR Market and Hong Kong, topping Saudi Aramco’s $29.4 billion listing last December.

Published 31 Oct, 2020 01:30pm

Business & Finance

Ant Group curbs support for overseas partners in strategy rethink ahead of listing

The shift in strategy by the Alibaba-backed fintech giant came late in 2019, brought on by a change at the helm and a reworking of priorities as it planned for its IPO and grappled with regulatory challenges at home.

Published 29 Oct, 2020 10:25am

Markets

Ant Group to close institutional book of $17.2 billion Hong Kong IPO early

The book was due to close on Thursday, but that deadline will be accelerated to Wednesday 5.00 p.m. in each region.

Published 27 Oct, 2020 10:09am

Markets

Ant Group all set to launch world’s largest IPO

Ant, the fintech company backed by Chinese e-commerce group Alibaba Group Holding, plans to list simultaneously in Hong Kong and Shanghai in the coming weeks, sources have said.

Published 26 Oct, 2020 11:07am

Markets

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Ant is seeking to raise about $35 billion in the dual IPO after assessing early investor interest and based on a higher valuation of about $250 billion or more, Reuters has reported.

Published 25 Sep, 2020 12:17pm

Markets

Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

Could raise as much as $30 billion -sources.
IPO set to become world's largest ever.
Ant to sell no less than 10% of enlarged share capital.
Ant says revenue grew almost 40% to 72.5 bln yuan in H1.

Published 26 Aug, 2020 04:41pm

Gainers
Losers
Leaders

Stock	Price
First Prud Mod. / Jan 15 First Prudential Modaraba(PMI)	1.70 ▲ 0.37 (18.06%)
Hira Tex. / Jan 15 Hira Textile Mills Limited(HIRAT)	5.35 ▲ 1.76 (13.83%)
First Pak Modaraba / Jan 15 First Pak Modaraba(PAKMI)	2.12 ▲ 0.52 (12.77%)
First Credit & Inv. / Jan 15 First Credit and Investment Bank Limited(FCIBL)	9.35 ▲ 2.00 (11.44%)
Media Times / Jan 15 Media Times Limited(MDTL)	2.19 ▲ 0.34 (10.05%)
AN Textile / Jan 15 AN Textile Mills Limited(ANTM)	12.00 ▲ 2.00 (9.09%)
Power Cement Pref. / Jan 15 Power Cement Preference(POWERPS)	12.40 ▲ 0.90 (7.83%)
AKD Capital Ltd / Jan 15 AKD Capital Limited(AKDCL)	410.53 ▲ 28.64 (7.50%)
AL-Noor Sugar / Jan 15 Al-Noor Sugar Mills Limited(ALNRS)	62.35 ▲ 6.83 (7.50%)
MACPAC Films / Jan 15 MACPAC Films Limited(MACFL)	25.24 ▲ 1.91 (7.50%)

Stock	Price
Tri-Star / Jan 15 Tri-Star Mutual Fund Limited(TSMF)	6.35 ▼ 0.00 (-13.61%)
Sindh Modaraba / Jan 15 Sindh Modaraba(SINDM)	8.55 ▼ 0.00 (-7.57%)
IbrahimFibres / Jan 15 Ibrahim Fibres Limited(IBFL)	111.00 ▼ 11.52 (-7.50%)
Quetta Textile / Jan 15 Quetta Textile Mills Limited(QUET)	9.35 ▼ 2.37 (-7.33%)
Khairpur / Jan 15 Khairpur Sugar Mills Limited(KPUS)	49.05 ▼ 0.00 (-6.57%)
Buxly / Jan 15 Buxly Paints Limited(BUXL)	64.66 ▼ 0.43 (-5.76%)
Ravi Textile / Jan 15 Ravi Textile Mills Limited(RAVT)	10.00 ▼ 0.00 (-5.75%)
Gillette Pak. (R) / Jan 15 Gillette Pakistan Limited (R)(GLPLR)	325.00 ▼ 3.86 (-4.70%)
Dawood Lawrencepur / Jan 15 Dawood Lawrencepur Limited(DLL)	230.00 ▼ 0.00 (-4.15%)
Trust Sec.& Brok. / Jan 15 Trust Securities & Brokerage Limited(TSBL)	11.75 ▼ 0.00 (-4.08%)

Stock	Volume
Hum Network / Jan 15 Hum Network Limited(HUMNL)	57,531,000 ▼ 0.62
K-Electric Ltd / Jan 15 K-Electric Limited(KEL)	45,688,500 ▼ 0.09
Power Cement / Jan 15 Power Cement Limited(POWER)	29,144,000 ▼ 0.89
Fauji Fert. Bin / Jan 15 Fauji Fertilizer Bin Qasim Limited(FFBL)	25,893,000 ▼ 1.97
Kot Addu / Jan 15 Kot Addu Power Company Limited(KAPCO)	24,032,500 ▼ 2.48
Kohinoor Sp. / Jan 15 Kohinoor Spinning Mills Limited(KOSM)	23,663,000 ▼ 1.06
Byco Petr. / Jan 15 Byco Petroleum Pakistan Limited(BYCO)	21,789,500 ▼ 0.27
Pakistan Refinery / Jan 15 Pakistan Refinery Limited(PRL)	18,588,000 ▼ 0.44
Faysal Bank / Jan 15 Faysal Bank Limited(FABL)	17,901,500 ▼ 1.27
Fauji Foods / Jan 15 Fauji Foods Limited(FFL)	17,735,500 ▼ 0.28

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 15	160.25
USD PKR Interbank Buying / Jan 15	160.15
USD to Japanese Yen / Jan 15	103.80
USD to Swiss Franc / Jan 15	0.89
Pound Sterling to USD / Jan 15	1.37
Euro to USD / Jan 15	1.22

Stock	Volume
S&P 500 / Jan 15	3795.54
India Sensex / Jan 15	49584.16
Tokyo Nikkei / Jan 15	28698.26
Nasdaq / Jan 15	13112.64
Hang Seng / Jan 15	28496.86
FTSE 100 / Jan 15	6801.96
Dow Jones / Jan 15	30991.52
Germany DAX 30 / Jan 15	13988.70
France CAC40 / Jan 15	5681.14

Indicator	Value
Weekly Foreign Reserves / Jan 8	20512.10
GDPGROWTH / Jan 8	1.00
Foreign Debt (PKR billions) / Jan 8	17000.00
Average CPI % / Jan 8	11.11
UK LIBOR % / Jan 15	0.09