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Evergrande

China's property crisis grinds on after Evergrande sentencing

Updated 24 Aug, 2026 09:32am

Six years after China’s financial regulators cracked down on the heavily leveraged property sector, the pain continues

China Evergrande founder sentenced to life in prison

Published 20 Aug, 2026 10:06am

Evergrande, once China’s premier developer, has defaulted since 2021 on most of its $300 billion in liabilities

China Evergrande liquidators seek review of PwC HK's $128 million settlement, Bloomberg News reports

Published 16 Jun, 2026 11:37am

SFC's deal to compensate shareholders puts creditors at a disadvantage as the payout translates to less money left for liquidators to recover

China Evergrande founder pleads guilty to fraud in Shenzhen court, Xinhua reports

Published 14 Apr, 2026 10:44am

Evergrande Group's founder Hui Ka Yan pleaded guilty to charges including illegal absorption of public deposits and fundraising fraud in a court in Shenzhen

Sunac China shares, bonds sink after liquidation petition filed against developer

Published 10 Jan, 2025 11:24am

HONG KONG: Sunac China, shares and bonds plunged on Friday after a liquidation petition was filed against the...

In careful protest, China Evergrande’s investors press for action

Published 27 Nov, 2024 10:59am

SHENZHEN/HONG KONG: Hundreds of Chinese investors who lost savings in the collapse of China Evergrande launched a...

China Evergrande’s EV unit to cease discussions for stake sale

Published 25 Oct, 2024 08:51pm

China Evergrande New Energy Vehicle said on Friday that its potential sellers have decided to cease talks for a...

China bans PwC for six months over Evergrande audit

Published 16 Sep, 2024 06:08am

BEIJING: Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million...

China property giant Evergrande seeks to recover $6 bn

Published 05 Aug, 2024 10:13pm

BEIJING: China's heavily indebted real estate giant Evergrande said Monday that it and its liquidators were seeking...

Shares of Evergrande EV unit slide 27% after it warns of losing assets

Published 12 Jun, 2024 10:22am

HONG KONG: Shares of China Evergrande New Energy Vehicle Group plunged 27% on Wednesday after it said it faces the...

Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal

Published 27 May, 2024 10:20am

HONG KONG: Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after...

Evergrande chairman’s second seized Hong Kong mansion put up for sale

Published 01 Mar, 2024 10:19am

HONG KONG: A second mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been put up for...

Evergrande’s bond holders could wait years for little payout

Published 31 Jan, 2024 12:29pm

SYDNEY: China Evergrande’s offshore dollar bondholders stand to receive a potentially tiny payout in a complicated...

China’s Evergrande says head of EV arm detained

Published 09 Jan, 2024 04:18am

BEIJING: The head of heavily indebted Chinese property developer Evergrande’s electric vehicle unit has been...

China stocks extend fall on growth concerns

Published 05 Dec, 2023 03:01am

HONG KONG: China and Hong Kong stocks extended losses on Monday as economic data pointed to a slowdown in growth...

Evergrande chairman’s two luxury mansions seized by creditor

Published 22 Nov, 2023 11:33am

HONG KONG: Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande...

China stocks fall amid global rate concerns

Published 09 Nov, 2023 05:38am

SHANGHAI: China stocks closed down on Wednesday, tracking weaker regional peers on concerns of global rates...

Evergrande did not file court documents by requested time

Published 25 Oct, 2023 12:55pm

HONG KONG: China Evergrande Group did not submit defence documents to a Hong Kong court before a deadline that comes...

Evergrande sold yacht this year, say sources, as creditors sharpen focus on offshore assets

Published 29 Sep, 2023 10:44am

SYDNEY: China Evergrande Group sold its luxury superyacht for about $32 million earlier this year, said two sources,...

Evergrande shares halted as concerns mount about developer’s prospect

Published 28 Sep, 2023 09:59am

HONG KONG: Trading in shares of China Evergrande Group was suspended on Thursday after a report that its chairman...

Pressure piles on Evergrande with chairman under police watch, liquidation risk

Published 27 Sep, 2023 11:14am

HONG KONG: The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported...

China Evergrande shares tumble 25% after wealth management staff detained

Published 18 Sep, 2023 09:37am

HONG KONG: Shares of embattled developer China Evergrande Group plunged 25% on Monday after police detained some...

China police detain some Evergrande wealth management staff

Published 17 Sep, 2023 10:14am

BEIJING: Police in southern China have detained some staff at China Evergrande Group‘s wealth management unit,...

China Evergrande shares set to open down 14.3%

Published 29 Aug, 2023 10:03am

HONG KONG: Shares of China Evergrande Group are set to open down 14.3% on Tuesday, exending losses from the previous...

China Evergrande loses $2.4bn in value as trade resumes after 17 months

Published 28 Aug, 2023 10:32am

HONG KONG: Shares of China Evergrande Group fell as much as 87% early on Monday when trading resumed following a 17...

China Evergrande files for protection in US court as part of $32bn debt overhaul

Published 18 Aug, 2023 10:02am

HONG KONG/NEW YORK: Embattled developer China Evergrande Group has filed for protection from creditors in a US...

Evergrande NEV shares set to open sharply higher after share sale to NWTN

Published 15 Aug, 2023 10:20am

HONG KONG: Shares of China Evergrande New Energy Vehicle Group(NEV) are set to open 14.7% higher on Tuesday, after...

Shares of Evergrande services arm set to drop as trading resumes

Published 03 Aug, 2023 09:51am

HONG KONG: Shares of Evergrande Property Services Group are set to open 36.5% lower on Thursday as trading resumes...

Evergrande’s e-vehicle unit plunges as trading resumes

Published 28 Jul, 2023 12:30pm

HONG KONG: Shares in the electric vehicle subsidiary of Chinese property giant Evergrande plunged almost 70 percent...

Hong Kong court to hold hearings on China Evergrande restructuring plan in Sept

Published 24 Jul, 2023 12:05pm

HONG KONG: A Hong Kong court will hold sanction hearings over whether to approve embattled Chinese property...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 29	277.32
USD PKR Interbank Buying / Sep 29	277.12
USD to Japanese Yen / Sep 30	157.03
USD to Swiss Franc / Sep 30	0.83
Pound Sterling to USD / Sep 30	1.32
Euro to USD / Sep 30	1.13
SOFR % / Sep 28	3.90

Stock	Volume
S&P 500 / Sep 29	7,670.84
Nasdaq / Sep 29	26,797.54
Dow Jones / Sep 29	51,349.92
India Sensex / Sep 30	72,729.39
Tokyo Nikkei / Sep 30	66,728.56
Hang Seng / Sep 30	24,534.37
FTSE 100 / Sep 30	10,714.17
Germany DAX 30 / Sep 30	25,546.29
France CAC40 / Sep 30	8,055.71

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 29	18,780
Gold 10 Grams PKR / Sep 29	374,945
Crude Oil USD/Barrel / Sep 30	89.69
Gold Spot USD/Ounce / Sep 30	4,309.98
Cotton US¢/pound / Sep 30	79.18
Petrol/Litre / Oct 1	387.54
Diesel/Litre / Oct 1	402.24

Gainers
Losers
Leaders

Stock	Price
Colony Tex.Mills Ltd / Sep 30 Colony Textile Mills Limited(CTM)	7.26 ▲ 1 (15.97%)
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	5.73 ▲ 0.77 (15.52%)
Lse Spac-I Ltd. / Sep 30 Lse Spac-I Limited(SPAC1)	20.41 ▲ 1.86 (10.03%)
Tri-Star Mutual / Sep 30 Tri-Star Mutual Fund Limited(TSMF)	16.57 ▲ 1.51 (10.03%)
Sindh Modaraba / Sep 30 Sindh Modaraba(SINDM)	33.28 ▲ 3.03 (10.02%)
Ghazi Fabrics / Sep 30 Ghazi Fabrics International Limited(GFIL)	26.38 ▲ 2.4 (10.01%)
Asim Textile / Sep 30 Asim Textile Mills Limited(ASTM)	113.96 ▲ 10.36 (10%)
Dadex Eternit / Sep 30 Dadex Eternit Limited(DADX)	150.32 ▲ 13.67 (10%)
First Punjab Modaraba / Sep 30 First Punjab Modaraba(FPJM)	29.04 ▲ 2.64 (10%)
Oilboy Energy / Sep 30 Oilboy Energy Limited(OBOY)	18.59 ▲ 1.69 (10%)

Stock	Price
Ashfaq Textile / Sep 30 Ashfaq Textile Mills Limited(ASHT)	50.57 ▼ -5.62 (-10%)
Ghani Chemworld Limited(PRS) / Sep 30 Ghani Chemworld Limited(PRS)(GCWLPRS)	118.83 ▼ -13.16 (-9.97%)
Burj Clean Energy Modaraba / Sep 30 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	11.25 ▼ -1.15 (-9.27%)
The Thal Ind.Corp. / Sep 30 The Thal Industries Corporation Limited(TICL)	918.13 ▼ -92.07 (-9.11%)
Pakistan Services / Sep 30 Pakistan Services Limited(PSEL)	1,019.63 ▼ -99.15 (-8.86%)
Mandviwala / Sep 30 Mandviwala Mauser Plastic Industries(MWMP)	77.07 ▼ -7.14 (-8.48%)
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	23.41 ▼ -1.84 (-7.29%)
D.M. Corporation / Sep 30 D.M. Corporation Limited(DMC)	165.33 ▼ -11.63 (-6.57%)
Cordoba Logistics / Sep 30 Cordoba Logistics & Ventures Limited(CLVL)	28.32 ▼ -1.94 (-6.41%)
EMCO Industries / Sep 30 Emco Industries Limited(EMCO)	32.10 ▼ -1.93 (-5.67%)

Stock	Volume
Pak Int.Bulk / Sep 30 Pakistan International Bulk Terminal(PIBTL)	73,446,994 ▲ 0.11
Kohinoor Spinning / Sep 30 Kohinoor Spinning Mills Limited(KOSM)	58,387,095 ▲ 0.77
Tasdeeq Info. Serv. / Sep 30 Tasdeeq Information Services Limited(TISL)	50,882,891 ▼ -0.09
Cnergyico PK / Sep 30 Cnergyico PK Limited(CNERGY)	28,308,841 ▲ 0.03
D.S. Ind. Ltd. / Sep 30 D.S. Industries Limited(DSIL)	21,823,804 ▲ 1.27
Arif Habib Corp / Sep 30 Arif Habib Corporation Limited(AHCL)	17,873,579 ▲ 0.1
Pak Refinery / Sep 30 Pakistan Refinery Limited(PRL)	17,817,038 ▲ 0.45
WorldCall Telecom / Sep 30 Worldcall Telecom Limited(WTL)	17,431,935 ▼ -0.01
S.G.Power / Sep 30 S.G. Power Limited(SGPL)	16,575,953 ▼ -1.84
F. Nat.Equities / Sep 30 First National Equities Limited(FNEL)	14,238,200 ▲ 0

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