Trends - Evergrande - Business Recorder

Evergrande

China stocks extend fall on growth concerns

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

Published 05 Dec, 2023 03:01am

Business & Finance

Evergrande chairman’s two luxury mansions seized by creditor

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

Published 22 Nov, 2023 11:33am

Markets

China stocks fall amid global rate concerns

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

Published 09 Nov, 2023 05:38am

Business & Finance

Evergrande did not file court documents by requested time

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

Published 25 Oct, 2023 12:55pm

World

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

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

Published 29 Sep, 2023 10:44am

Business & Finance

Evergrande shares halted as concerns mount about developer’s prospect

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

Published 28 Sep, 2023 09:59am

Business & Finance

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

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

Published 27 Sep, 2023 11:14am

Markets

China Evergrande shares tumble 25% after wealth management staff detained

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

Published 18 Sep, 2023 09:37am

World

China police detain some Evergrande wealth management staff

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

Published 17 Sep, 2023 10:14am

Markets

China Evergrande shares set to open down 14.3%

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

Published 29 Aug, 2023 10:03am

Business & Finance

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

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

Published 28 Aug, 2023 10:32am

World

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

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

Published 18 Aug, 2023 10:02am

Technology

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

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

Published 15 Aug, 2023 10:20am

Markets

Shares of Evergrande services arm set to drop as trading resumes

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

Published 03 Aug, 2023 09:51am

Technology

Evergrande’s e-vehicle unit plunges as trading resumes

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

Published 28 Jul, 2023 12:30pm

Business & Finance

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

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

Published 24 Jul, 2023 12:05pm

Business & Finance

Evergrande’s liabilities, depleted coffers raise business viability concerns

HONG KONG: China Evergrande Group’s huge liabilities and diminishing cash disclosed in its long-overdue reports for...

Published 18 Jul, 2023 02:10pm

Business & Finance

China property giant Evergrande reports $96 billion loss for 2021

BEIJING: Chinese property giant Evergrande reported Monday a $96 billion net loss for 2021 and nearly $335 billion...

Published 17 Jul, 2023 08:36pm

Business & Finance

Evergrande Property Services flags sufficient working capital till 2024

Evergrande Property Services Group Ltd on Monday reported a 46.4% plunge in its fiscal 2022 profit, when compared...

Published 06 Jun, 2023 01:13pm

Business & Finance

Shareholders of Evergrande’s EV unit agree on restructuring deal

HONG KONG: Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose of two...

Published 13 May, 2023 09:52am

Business & Finance

China Evergrande debt restructuring incentive to test creditor appetite

HONG KONG: Embattled property developer China Evergrande Group will get a signal on Thursday of the level of...

Published 27 Apr, 2023 11:05am

Business & Finance

Evergrande’s $1.2bn onshore bondholders to vote on offshore restructuring plan on Wed

HONG KONG: China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond...

Published 24 Apr, 2023 03:34pm

Business & Finance

Evergrande enters debt restructuring plan with creditors

HONG KONG: Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of...

Published 04 Apr, 2023 12:12pm

Business & Finance

Evergrande’s EV unit warns it may halt production amid funds shortage

HONG KONG: China Evergrande New Energy Vehicle Group Ltd said on Thursday it may have to halt production of electric...

Published 27 Mar, 2023 06:15am

Business & Finance

China Evergrande to unveil debt restructure details on Wednesday

HONG KONG: Embattled developer China Evergrande Group plans to publish an offshore debt restructuring term sheet on...

Published 20 Mar, 2023 11:10am

Markets

China ferrous futures rebound

MANILA: Chinese iron ore and steel futures rose on Wednesday, rebounding after two days of losses, with news that...

Published 22 Dec, 2022 05:57am

Business & Finance

Debt-hit China Evergrande sells land for $1bn

BEIJING: Embattled property giant China Evergrande has sold land earlier earmarked for its headquarters in the...

Published 29 Nov, 2022 07:26am

Business & Finance

China Evergrande to get $818mn for scrapping stadium deal

BEIJING: Embattled Chinese property giant Evergrande has cancelled a contract to build a football stadium in a...

Published 05 Aug, 2022 09:55am

Business & Finance

Indebted Evergrande looks to sell Hong Kong headquarters again

HONG KONG: Troubled Chinese property developer Evergrande has found a potential buyer for its Hong Kong ...

Published 29 Jul, 2022 06:14am

Business & Finance

Asia’s richest woman loses half her wealth in China property crisis

BEIJING: Asia’s wealthiest woman lost more than half her fortune over the past year as China’s real estate ...

Published 29 Jul, 2022 06:14am

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.31 ▲ 0.27 (13.24%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
786 Invest Ltd / Dec 8 786 Investments Limited(786)	6.25 ▲ 0.66 (11.81%)
NBP PGETF / Dec 8 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	14.56 ▲ 1.33 (10.05%)
First Prudential Mod. / Dec 8 First Prudential Modaraba(PMI)	2.10 ▲ 0.18 (9.38%)
Habib Ins. / Dec 8 Habib Insurance Company Limited(HICL)	6.50 ▲ 0.52 (8.70%)
Unicap Modaraba / Dec 8 Unicap Modaraba(UCAPM)	1.88 ▲ 0.14 (8.05%)
Agritech Limited / Dec 8 Agritech Limited(AGL)	13.52 ▲ 1.00 (7.99%)
Burshane LPG / Dec 8 Burshane LPG (Pakistan) Limited(BPL)	20.90 ▲ 1.46 (7.51%)

Stock	Price
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	4.62 ▼ -0.92 (-16.61%)
Jahangir Sidd(Pref) / Dec 8 Jahangir Sidd(Pref)(JSCLPSA)	8 ▼ -0.89 (-10.01%)
Aisha Steel(ConPS) / Dec 8 Aisha Steel(ConPS)(ASLPS)	7.21 ▼ -0.79 (-9.88%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.35 ▼ -0.44 (-9.19%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Gatron Ind. / Dec 8 Gatron (Industries) Limited(GATI)	236 ▼ -19.01 (-7.45%)
J.A.Textile / Dec 8 J.A. Textile Mills Limited(JATM)	45.35 ▼ -3.62 (-7.39%)
EFG Hermes Pak / Dec 8 EFG Hermes Pakistan Limited(EFGH)	12.52 ▼ -0.96 (-7.12%)
Pervez Ahmed Co / Dec 8 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.81 ▼ -0.06 (-6.90%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	246,006,787 ▲ 0.25
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▼ -0.01
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.08
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	59,284,953 ▲ 0.00
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	43,233,500 ▼ -0.12
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 0.27
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▼ -0.06
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.10
Sui South Gas / Dec 8 Sui Southern Gas Company Limited(SSGC)	28,907,224 ▼ -0.13
Unity Foods Ltd / Dec 8 Unity Foods Limited(UNITY)	28,379,686 ▼ -0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Tokyo Nikkei / Dec 7	32438.10
Nasdaq / Dec 7	14340
Hang Seng / Dec 7	16345.89
FTSE 100 / Dec 7	7513.72
Dow Jones / Dec 7	36117.38
Germany DAX 30 / Dec 7	16628.99
France CAC40 / Dec 7	7428.52
India Sensex / Dec 8	69810.76

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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