Trends - GCC - Business Recorder

GCC

PBF hails Pakistan-GCC FTA

KARACHI: The Pakistan Business Forum (PBF) has commended the efforts of the Ministry of Commerce for finalising the...

Published 02 Oct, 2023 06:33am

GCC, Pakistan sign FTA

ISLAMABAD: The Pakistan and Gulf Cooperation Council (GCC) are said to have signed “face-saving” Free Trade...

Updated 01 Oct, 2023 09:29am

Markets

Major Gulf indexes subdued as rate outlook rattles investors

DUBAI: Most major stock markets in the Gulf ended lower on Monday, alongside subdued global equities, as investor...

Published 26 Sep, 2023 06:33am

Pakistan

Jilani meets GCC secretary general

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani met with Jassem Mohamed Albudaiwi, Secretary General of the...

Published 25 Sep, 2023 06:34am

Initially, Pakistan and GCC likely to sign FTAs on limited items

ISLAMABAD: Pakistan and Gulf Cooperation Council (GCC) are likely to sign the long-debated Free Trade Agreements...

Updated 22 Sep, 2023 10:01am

Jilani expects ‘huge’ investment from Gulf states

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani on Wednesday said that a huge investment is expected to...

Updated 31 Aug, 2023 08:42am

Opinion

‘Your network is your net worth’

People love to belong. They feel it gives them status, security, opportunity for upward or lateral mobility. Some...

Updated 01 Aug, 2023 06:45am

Incentives, innovative services: Remittance inflows from GCC states may soar to $20bn: experts

KARACHI: The remittance inflows can be increased by more than $5 billion to $20 billion to Pakistan through the...

Updated 21 Jul, 2023 09:25am

World

Tensions in US-Saudi ties cloud Blinken visit to Riyadh

RIYADH: A visit by the US Secretary of State to Saudi Arabia drew little Saudi media coverage on Thursday at a time...

Published 08 Jun, 2023 06:00pm

World

Blinken meets Gulf officials in Saudi as alliances shift

RIYADH: US Secretary of State Antony Blinken met Gulf Arab officials in Saudi Arabia Wednesday at a time of rapidly...

Published 08 Jun, 2023 06:30am

Markets

Pakistan will see $10bn investment in refinery sector 'very soon': Musadik Malik

Says its details cannot be shared at the moment, pitches Pakistan as 'investment-friendly' country

Updated 25 May, 2023 07:23pm

Opinion

Riyal politic

Once again Saudi Arabia is using its position as the financial superpower of the Middle East – it sits on top of ...

Updated 25 May, 2023 07:12am

Markets

UAE stock markets fall as WB alters economic forecast

DUBAI: Stock markets in the United Arab Emirates fell on Friday after the World Bank cut its 2023 economic growth...

Published 10 Apr, 2023 06:45am

World

Food inflation to weigh on MENA growth this year: World Bank

DUBAI: Double-digit food price inflation will weigh on the Middle East and North Africa region this year, causing...

Published 07 Apr, 2023 06:06am

Opinion

Stop blaming the IMF!

It has been forty days since the IMF’s (International Monetary Fund’s) technical talks concluded, but there have...

Published 27 Mar, 2023 06:15am

World

Gulf states appeal to US on Israeli minister’s Palestinian comments

RIYADH: The Gulf Cooperation Council said Sunday it had written to Washington’s top diplomat condemning...

Published 27 Mar, 2023 06:15am

Markets

Remittances clock in at $2bn in February, down 9.5% on a yearly basis

Inflow, however, recovers marginally on month-on-month basis

Updated 10 Mar, 2023 07:17pm

Markets

Most major Gulf stocks slide as Powell spooks markets

DUBAI: Most major Gulf stock markets closed lower on Wednesday after hawkish comments by US Federal Reserve Chair...

Published 09 Mar, 2023 06:23am

Markets

Gulf stocks skid ahead of US inflation data

DUBAI: Gulf stock markets fell on Wednesday, with banking shares taking the biggest hit across the markets, as...

Published 12 Jan, 2023 06:56am

World

India and GCC resume free trade agreement talks

NEW DELHI: India and the Gulf Cooperation Council (GCC) have agreed to resume talks on a free trade agreement,...

Published 24 Nov, 2022 09:22pm

Pakistan-GCC Free Trade Agreements: Bilawal for finalisation of talks

ISLAMABAD: Foreign Minister Bilawal Bhutto-Zardari on Thursday emphasized the need for early finalisation of the...

Updated 11 Nov, 2022 09:25am

Pakistan

Bilawal arrives in Riyadh on two-day official visit

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Wednesday reached Riyadh for a two-day official visit to the...

Published 10 Nov, 2022 06:52am

Pakistan

NA informed: About 100 citizens imprisoned in Iranian jails for various crimes

ISLAMABAD: The National Assembly was informed on Friday that about 100 Pakistani prisoners – 62 convicted and 38...

Published 30 Jul, 2022 03:39am

Pakistan

UAE and Dubai’s popularity surges among Pakistanis seeking jobs

The number of Pakistanis that moved to the UAE for employment in 2022 (up to May) has risen by 128% when compared to...

Updated 30 Jun, 2022 09:52am

Business & Finance

Mastercard appoints Khalil as GM of MENA East

KARACHI: Mastercard strengthens leadership team to accelerate growth across Middle East and North Africa (MENA),...

Published 24 Jun, 2022 07:33am

Opinion

Emergence of new global currency

As the sun was settling down on the British Empire, the US was flexing its economic and arsenal might to get crowned...

Updated 17 Jun, 2022 03:45pm

Russian, Saudi foreign ministers praise OPEC+

RIYADH: Russian Foreign Minister Sergei Lavrov met Saudi counterpart Prince Faisal bin Farhan Al Saud in Riyadh on...

Published 02 Jun, 2022 06:19am

World

Oman budget swings into surplus on oil price rise

Oman’s budget recorded a surplus of 357 million rials ($929.7 million) by the end of the first quarter, boosted by a...

Published 09 May, 2022 06:05pm

World

GCC officials consider inviting Houthis to consultations in Riyadh

RIYADH: The Saudi-based Gulf Cooperation Council (GCC) is considering inviting the Houthi movement and other Yemeni...

Published 16 Mar, 2022 05:41am

World

Arab states stress women's rights to Taliban in aid talks

DOHA: Gulf envoys stressed Monday that women must be able to work and go to school, in talks with the Taliban ...

Published 14 Feb, 2022 09:43pm

Gainers
Losers
Leaders

Stock	Price
SME Leasing Ltd / Oct 3 SME Leasing Limited(SLL)	2.24 ▲ 0.47 (26.55%)
Hala Enterprise / Oct 3 Hala Enterprises Limited(HAEL)	8.99 ▲ 1.00 (12.52%)
Habib Ins. / Oct 3 Habib Insurance Company Limited(HICL)	5.05 ▲ 0.54 (11.97%)
Bank of Khyber / Oct 3 The Bank of Khyber(BOK)	11.92 ▲ 0.92 (8.36%)
Merit Packaging / Oct 3 Merit Packaging Limited(MERIT)	7.84 ▲ 0.59 (8.14%)
Engro Powergen / Oct 3 Engro Powergen Qadirpur Limited(EPQL)	25.02 ▲ 1.75 (7.52%)
Masood Textile / Oct 3 Masood Textile Mills Limited(MSOT)	41.82 ▲ 2.92 (7.51%)
United Dist. / Oct 3 United Distributors Pakistan Limited(UDPL)	34.06 ▲ 2.38 (7.51%)
First Tri-Star Mod. / Oct 3 First Tri-Star Modaraba(FTSM)	17.20 ▲ 1.20 (7.50%)
K.S.B.Pumps / Oct 3 KSB Pumps Company Limited(KSBP)	99.13 ▲ 6.92 (7.50%)

Stock	Price
Punjab Mod / Oct 3 First Punjab Modaraba(FPJM)	1.40 ▼ -0.39 (-21.79%)
Grays Leasing / Oct 3 Grays Leasing Limited(GRYL)	3.40 ▼ -0.70 (-17.07%)
First Elite Cap.Mod / Oct 3 First Elite Capital Modaraba(FECM)	2.71 ▼ -0.49 (-15.31%)
Next Capital / Oct 3 Next Capital Limited(NEXT)	4.14 ▼ -0.55 (-11.73%)
Aisha Steel(ConPS) / Oct 3 Aisha Steel(ConPS)(ASLPS)	8.17 ▼ -1.00 (-10.91%)
Leather Up Ltd. / Oct 3 Leather Up Limited(LEUL)	10.71 ▼ -0.98 (-8.38%)
Unicap Modaraba / Oct 3 Unicap Modaraba(UCAPM)	1.36 ▼ -0.12 (-8.11%)
Hussain Industries / Oct 3 Husein Industries Limited(HUSI)	15.40 ▼ -1.25 (-7.51%)
Mehmood Tex / Oct 3 Mehmood Textile Mills Limited(MEHT)	518 ▼ -42.00 (-7.50%)
Premier Sugar / Oct 3 The Premier Sugar Mills(PMRS)	521.37 ▼ -42.27 (-7.50%)

Stock	Volume
WorldCall Telecom / Oct 3 Worldcall Telecom Limited(WTL)	60,699,741 ▲ 0.01
Cnergyico PK / Oct 3 Cnergyico PK Limited(CNERGY)	18,949,237 ▲ 0.14
Oil & Gas Dev. / Oct 3 Oil & Gas Development Company Limited(OGDC)	17,023,821 ▼ -1.11
Unity Foods Ltd / Oct 3 Unity Foods Limited(UNITY)	8,518,496 ▼ -0.64
Bankislami Pak. / Oct 3 BankIslami Pakistan Limited(BIPL)	6,619,948 ▼ -0.06
Pak Petroleum / Oct 3 Pakistan Petroleum Limited(PPL)	6,591,768 ▼ -0.41
K-Electric Ltd. / Oct 3 K-Electric Limited(KEL)	6,049,235 ▲ 0.05
First Prudential Mod. / Oct 3 First Prudential Modaraba(PMI)	5,527,500 ▼ -0.08
Pak Refinery / Oct 3 Pakistan Refinery Limited(PRL)	5,279,550 ▲ 0.11
Fauji Foods Ltd / Oct 3 Fauji Foods Limited(FFL)	4,965,711 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 3	286.04
USD PKR Interbank Buying / Oct 3	285.64
USD to Japanese Yen / Oct 3	149.79
USD to Swiss Franc / Oct 3	0.92
Pound Sterling to USD / Oct 3	1.21
Euro to USD / Oct 3	1.05
UK LIBOR % / Sep 28	5.43

Stock	Volume
S&P 500 / Oct 2	4288.39
India Sensex / Oct 2	65828.41
Nasdaq / Oct 2	13307.77
Dow Jones / Oct 2	33433.35
Tokyo Nikkei / Oct 3	31237.94
Hang Seng / Oct 3	17295.97
FTSE 100 / Oct 3	7509.27
Germany DAX 30 / Oct 3	15210.01
France CAC40 / Oct 3	7048.41

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 2	18235
Gold 10 Grams PKR / Oct 2	173610
Crude Oil USD/Barrel / Oct 3	88.49
Gold Spot USD/Ounce / Oct 3	1827.91
Cotton US¢/pound / Oct 3	87.52

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