Topic

Credit Suisse

Mohsin Ali Mangi appointed MD & CEO of Pakistan Refinery Limited

Published 12 Mar, 2026 12:31pm

Mohsin Ali Mangi has been appointed as the Managing Director and Chief Executive Officer (CEO) of Pakistan Refinery...

UBS says government capital proposals would weaken bank and Swiss economy

Published 30 Sep, 2025 12:51pm

ZURICH: UBS on Tuesday said government proposals for Switzerland’s biggest bank to hold more capital would weaken...

India’s SpiceJet adds 8 more Boeing 737s ahead of festive rush

Published 16 Sep, 2025 12:13pm

The latest deal takes the airline's total fleet additions to 18 aircraft

UBS to pay $300 million to resolve US mortgage securities cases

Published 04 Aug, 2025 12:13pm

ZURICH: UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of...

Credit Suisse, SoftBank fight over Greensill losses in $440mn London lawsuit

Published 05 Jun, 2025 06:40pm

LONDON: Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp kicked off on Thursday over...

UBS completes merger of Credit Suisse service units in India

Published 01 Apr, 2025 02:37pm

UBS Group said on Monday it has completed the merger of Credit Suisse Service Company entities with UBS Business...

UBS trounces profit forecasts, $3 billion share buyback conditional on capital rules

Published 04 Feb, 2025 01:29pm

ZURICH: UBS Group posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to...

UBS smashes forecasts with $1.4 billion Q3 net profit

Published 30 Oct, 2024 11:59am

ZURICH: Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said...

UBS fund management arm reports 3% stake in Swiss National Bank

Published 25 Oct, 2024 07:29pm

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing...

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma

Published 30 Sep, 2024 12:07pm

ZURICH: As the Swiss National Bank’s new chairman Martin Schlegel takes office this week, the jury is out on the...

Swiss authorities draw flak in Credit Suisse probe: report

Published 15 Jul, 2024 06:25am

ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have...

Challenges await as UBS makes Credit Suisse merger official

Published 08 Jul, 2024 08:25am

ZURICH: Banking giant UBS on Monday officially merged its Swiss branches with those of Credit Suisse, but huge...

UBS sets aside $900mn for investors hit by Credit Suisse scandal

Published 17 Jun, 2024 05:16pm

ZURICH: Swiss banking giant UBS said Monday it would set aside $900 million to help compensate investors who took a...

UBS and Credit Suisse’s Swiss units could merge by July 1, executive says

Published 11 Jun, 2024 12:30pm

ZURICH: The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior...

UBS back in profit after Credit Suisse takeover losses

Published 07 May, 2024 12:43pm

ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far...

Five waves of UBS layoffs to start in June

Updated 22 Apr, 2024 09:25am

VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse...

UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023

Published 28 Mar, 2024 01:40pm

ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over...

UBS sells $8bn of Credit Suisse assets to Apollo

Published 28 Mar, 2024 07:20am

ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...

UBS sells $8 billion of Credit Suisse assets to Apollo

Published 27 Mar, 2024 01:29pm

ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,...

UBS posts $279-mn Q4 net loss after Credit Suisse takeover

Published 06 Feb, 2024 12:04pm

ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid...

UBS unveils big branding push after Credit Suisse takeover

Published 23 Jan, 2024 02:33pm

ZURICH: UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions...

Swiss financial watchdog wants to examine clawing back bankers’ bonuses

Published 31 Dec, 2023 03:04am

ZURICH: Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part ...

STOXX 600 ends 2023 up 12.6pc on rate cut optimism

Published 30 Dec, 2023 06:28am

PARIS: European shares ended 2023 with an annual gain of almost 13 percent on hopes of softer monetary policy from...

Westpac to raise $488 million in additional Tier 1 capital

Published 20 Nov, 2023 10:16am

SYDNEY: Westpac Banking Corp, Australia’s third largest bank by market capitalisation, said on Monday it would raise...

UBS posts bigger loss than expected as it absorbs Credit Suisse

Published 07 Nov, 2023 01:52pm

ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse...

UBS to cut Credit Suisse investment bank staff in Spanish overhaul

Published 25 Oct, 2023 08:13pm

ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring...

Credit Suisse expects Q3 loss of $1.6bn from reclassifying loans

Published 29 Sep, 2023 10:12am

ZURICH: Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassification of loans...

India court warns SpiceJet of ‘drastic action’ if Credit Suisse dues unpaid

Published 11 Sep, 2023 02:30pm

NEW DELHI: India’s top court on Monday directed SpiceJet to pay $1.5 million in a case related to unpaid dues to...

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

Published 01 Sep, 2023 05:41am

ZURICH: Banking giant UBS said Thursday it plans to fully absorb Credit Suisse’s century-old Swiss division and...

UBS to cut more than 3,000 Swiss jobs as it integrates Credit Suisse

Published 31 Aug, 2023 01:08pm

UBS will cut 3,000 jobs in Switzerland in the coming years as it integrates Credit Suisse, with further staff to go...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 7	278.30
USD PKR Interbank Buying / Jul 7	278.10
USD to Japanese Yen / Jul 8	162.33
USD to Swiss Franc / Jul 8	0.81
Pound Sterling to USD / Jul 8	1.34
Euro to USD / Jul 8	1.14
SOFR % / Jul 7	3.66

Stock	Volume
S&P 500 / Jul 7	7,503.85
Nasdaq / Jul 7	25,818.69
Dow Jones / Jul 7	52,925.15
India Sensex / Jul 8	77,782.18
Tokyo Nikkei / Jul 8	67,268.49
Hang Seng / Jul 8	24,241.74
FTSE 100 / Jul 8	10,604.19
Germany DAX 30 / Jul 8	25,225.57
France CAC40 / Jul 8	8,377.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 7	17,880
Gold 10 Grams PKR / Jul 7	372,887
Petrol/Litre / Jul 8	297.53
Crude Oil USD/Barrel / Jul 8	72.62
Gold Spot USD/Ounce / Jul 8	4,127.97
Diesel/Litre / Jul 8	309.50
Cotton US¢/pound / Jul 8	80.72

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Jul 8 Premier Insurance Limited(PINL)	12.72 ▲ 1.16 (10.03%)
Next Capital / Jul 8 Next Capital Limited(NEXT)	17.34 ▲ 1.58 (10.03%)
AN Textile Mills / Jul 8 AN Textile Mills Limited(ANTM)	60.12 ▲ 5.47 (10.01%)
Cresent Jute / Jul 8 Crescent Jute Products Limited(CJPL)	16.82 ▲ 1.53 (10.01%)
Equity Modaraba / Jul 8 First Equity Modaraba(FEM)	12.31 ▲ 1.12 (10.01%)
Service Textile / Jul 8 Service Industries Textiles Limited(SERT)	47.69 ▲ 4.34 (10.01%)
Baba Farid Sugar / Jul 8 Baba Farid Sugar Mills Limited(BAFS)	392.15 ▲ 35.65 (10%)
Fateh Ind. / Jul 8 Fateh Industries Limited(FIL)	390.13 ▲ 35.47 (10%)
Fateh Sports / Jul 8 Fateh Sports Wear Limited(FSWL)	238.56 ▲ 21.69 (10%)
IbrahimFibres / Jul 8 Ibrahim Fibres Limited(IBFL)	361.20 ▲ 32.84 (10%)

Stock	Price
Tariq Corp. (R) / Jul 8 Tariq Corporation Limited(Right)(TCORPR2)	5.60 ▼ -0.82 (-12.77%)
Dewan Farooque Sp. / Jul 8 Dewan Farooque Spinning Mills Limited(DFSM)	26.62 ▼ -2.96 (-10.01%)
S.G.Power / Jul 8 S.G. Power Limited(SGPL)	95.05 ▼ -10.56 (-10%)
Tandlianwala Sugar / Jul 8 Tandlianwala Sugar Mills Limited(TSML)	737.01 ▼ -72.91 (-9%)
Cordoba Logistics / Jul 8 Cordoba Logistics & Ventures Limited(CLVL)	21.03 ▼ -2 (-8.68%)
JS Investments / Jul 8 JS Investments Limited(JSIL)	44.10 ▼ -3.61 (-7.57%)
Sally Textile / Jul 8 Sally Textile Mills Limited(SLYT)	16.60 ▼ -1.3 (-7.26%)
Suhail Jute / Jul 8 Suhail Jute Mills Limited(SUHJ)	168.02 ▼ -12.85 (-7.1%)
Aisha Steel (CPS) / Jul 8 Aisha Steel Mills Limited (CPS)(ASLCPS)	67.08 ▼ -4.96 (-6.89%)
Reliance Weaving / Jul 8 Reliance Weaving Mills Limited(REWM)	168 ▼ -12 (-6.67%)

Stock	Volume
Cnergyico PK / Jul 8 Cnergyico PK Limited(CNERGY)	21,609,185 ▲ 0.26
Hira Textile / Jul 8 Hira Textile Mills Limited(HIRAT)	20,042,491 ▼ -0.17
LSE Capital / Jul 8 LSE Capital Limited(LSECL)	16,603,200 ▲ 0.33
Pak Refinery / Jul 8 Pakistan Refinery Limited(PRL)	16,585,918 ▲ 1.7
B.O.Punjab / Jul 8 The Bank of Punjab(BOP)	11,279,877 ▼ -0.47
First Fid. Leasing / Jul 8 First Fidelity Leasing Modaraba(FFLM)	8,988,756 ▲ 1.03
Trust Sec.& Brok. / Jul 8 Trust Securities & Brokerage Limited(TSBL)	7,938,121 ▲ 0.11
K-Electric Ltd. / Jul 8 K-Electric Limited(KEL)	6,840,629 ▲ 0.04
Maple Leaf Cement / Jul 8 Maple Leaf Cement Factory Limited(MLCF)	6,657,093 ▼ -1.49
WorldCall Telecom / Jul 8 Worldcall Telecom Limited(WTL)	6,361,054 ▲ 0

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