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General Electric

Senate body irked over appointment of ‘ineligible’ individuals to Disco boards

ISLAMABAD: Senate Standing Committee on Power grilled Power Division on Tuesday for appointing ‘ineligible’...

Published 09 Nov, 2022 03:41am

GE seeks $100m for upgradation of RLNG plants in Punjab

ISLAMABAD: M/s General Electric (GE) has demanded $ 100 million for upgradation of RLNG-fired power plants in ...

Updated 07 Jul, 2022 09:36am

World

US companies push Biden, Congress for caution on Russia sanctions

WASHINGTON: US President Joe Biden has threatened to impose devastating sanctions on Russia if leader Vladimir Putin...

Published 26 Jan, 2022 02:11pm

Business & Finance

GE sees revenues rising in 2022 after drop in Q4

NEW YORK: General Electric reported a drop in fourth-quarter revenues Tuesday on a mixed performance across its...

Published 26 Jan, 2022 04:41am

Business & Finance

GE sees revenues rising in 2022 after drop in Q4

NEW YORK: General Electric reported a drop in fourth-quarter revenues Tuesday on a mixed performance across its...

Published 25 Jan, 2022 06:45pm

Opinion

The conglomerate discount

As of now I have 55 years of working experience in the corporate sector. I was a failure. Accomplished zero. Zilch....

Published 06 Jan, 2022 04:13am

Opinion

Iconic corporate names breaking up in trend to boost value

Three multinational giants - General Electric, Johnson & Johnson and Toshiba - this week announced plans to ...

Published 14 Nov, 2021 04:12am

Business & Finance

Air Arabia nears decision on major jet engine order

DUBAI: Middle East low-cost carrier Air Arabia is in talks with engine makers Pratt & Whitney and its current...

Published 14 Nov, 2021 04:12am

Markets

Wall Street's record run loses steam, GE surges on split

NEW YORK: US stock indexes retreated from record highs on Tuesday as a solid rise in producer prices last month...

Published 10 Nov, 2021 05:47am

GE, an industrial conglomerate pioneer, to break up

NEW YORK: General Electric said on Tuesday it would split into three public companies as the storied US industrial...

Published 10 Nov, 2021 03:38am

Markets

GE sees rise in industrial orders, lifting shares

GE also garnered increased orders in healthcare, renewable energy and power

Published 27 Jul, 2021 07:30pm

World

GE and Safran plan next-generation jet engines

PARIS: General Electric and Safran signed Monday a deal extending their cooperation as they set their sights on...

Published 15 Jun, 2021 03:30am

Business & Finance

GE and Safran plan next-generation jet engines

The US and French engineering giants have been cooperating in the sector for nearly half a century.
The LEAP engines developed by their joint venture CFM power some the latest generation Airbus and Boeing aircraft.

Updated 14 Jun, 2021 09:45pm

Markets

Thursday’s early trade: Main indexes move up

NEW YORK: Wall Street’s main indexes rose on Thursday, helped by gains in industrial and financial shares, after...

Published 28 May, 2021 04:08am

Markets

Wall Street inches higher as weekly jobless claims dip

The number of Americans filing new claims for jobless benefits stayed below 500,000 for a third straight week, the lowest level since March 2020.

Published 27 May, 2021 11:10pm

Business & Finance

General Electric reports smaller cash outflow, reaffirms 2021 outlook

The company also reaffirmed its full-year free cash flow and earnings per share outlook. The reaffirmation, however, disappointed investors who were expecting an upgrade in-line with other multi-industry rivals that have raised their earnings forecast.
In a phone interview, Chief Executive Larry Culp said the company would update its outlook once it has a better idea how its aviation business would perform in the remainder of the year.

Published 27 Apr, 2021 09:09pm

Business & Finance

GE reports loss on continued pressure in aviation

The company reported a $2.9 billion loss, compared with profits of $6.2 billion in the year-ago period, when GE booked a large gain from a divestiture.

Published 27 Apr, 2021 06:39pm

GE sells jet-leasing unit to AerCap for $30bn

Business & Finance

General Electric upbeat on 2021 after profitable 2020

Despite the profitability, S&P Global Ratings warned of GE's indebtedness at 5.9-times earnings last year, which it attributed to the aviation division's pandemic troubles.

Published 27 Jan, 2021 11:32am

Markets

Wall Street dials back from records despite good earnings

Biden wants to spend another $1.9 trillion to help the country's recovery from the pandemic, but Peter Cardillo of Spartan Capital Securities warned US indices may be set to decline no matter what.

Published 27 Jan, 2021 09:35am

Business & Finance

General Electric upbeat on 2021 after profitable 2020

Shares of GE gained 6.4 percent to $11.69 in pre-market trading.

Published 26 Jan, 2021 08:08pm

Business & Finance

General Electric, Vietnamese firm ink power plant MOU

The signing took place during an event in Hanoi attended by Robert O'Brien, US President Donald Trump's national security adviser.
Under the MOU signed with Vietnam's EVNGenco3, the Massachusetts-based US firm will endeavor to provide its "best-in-class" gas turbine technology.

Published 22 Nov, 2020 12:53am

Gainers
Losers
Leaders

Stock	Price
S.G.Power / Feb 9 S.G. Power Limited(SGPL)	6.83 ▲ 0.93 (15.76%)
Premier Insurance / Feb 9 Premier Insurance Limited(PINL)	7.71 ▲ 1.00 (14.90%)
Kohinoor Power / Feb 9 Kohinoor Power Company Limited(KOHP)	4.58 ▲ 0.58 (14.50%)
Popular Islamic / Feb 9 Popular Islamic Modaraba(PIM)	8.40 ▲ 0.90 (12.00%)
Gammon Pak / Feb 9 Gammon Pakistan Limited(GAMON)	6.45 ▲ 0.65 (11.21%)
First Prudential Mod. / Feb 9 First Prudential Modaraba(PMI)	1.64 ▲ 0.16 (10.81%)
Ghani Chemical Ind. (B) / Feb 9 Ghani Chemical Industries Limited. (B)(GCILB)	6.50 ▲ 0.63 (10.73%)
Ghani Chem. Ind. / Feb 9 Ghani Chemical Industries Limited(GCIL)	11.33 ▲ 1.00 (9.68%)
Ghani Glo Hol / Feb 9 Ghani Global Holdings Limited(GGL)	11.29 ▲ 0.95 (9.19%)
Leather Up Ltd. / Feb 9 Leather Up Limited(LEUL)	12.10 ▲ 1.00 (9.01%)

Stock	Price
Data Textile / Feb 9 Data Textiles Limited(DATM)	4.92 ▲ -0.87 (-15.03%)
Universal Ins. / Feb 9 The Universal Insurance Company Limited(UVIC)	3.30 ▲ -0.50 (-13.16%)
Unicap Modaraba / Feb 9 Unicap Modaraba(UCAPM)	1.68 ▲ -0.18 (-9.68%)
Service Textile / Feb 9 Service Industries Textiles Limited(SERT)	6.91 ▲ -0.69 (-9.08%)
TPL Trakker Ltd / Feb 9 TPL Trakker Limited(TPLT)	9 ▲ -0.78 (-7.98%)
Land Mark Spinning / Feb 9 Landmark Spinning Industries Limited(LMSM)	11.60 ▲ -1.00 (-7.94%)
Mod.Al-Mali / Feb 9 Modaraba Al-Mali(MODAM)	4.13 ▲ -0.34 (-7.61%)
Jahangir Sidd(Pref) / Feb 9 Jahangir Sidd(Pref)(JSCLPSA)	7 ▲ -0.57 (-7.53%)
Ellcot Spinning / Feb 9 Ellcot Spinning Mills Limited(ELSM)	128.58 ▲ -10.42 (-7.50%)
The Thal Ind.Corp. / Feb 9 The Thal Industries Corporation Limited(TICL)	267.33 ▲ -21.67 (-7.50%)

Stock	Volume
WorldCall Telecom / Feb 9 Worldcall Telecom Limited(WTL)	63,994,329 ▼ 0.09
Pak Petroleum / Feb 9 Pakistan Petroleum Limited(PPL)	31,774,289 ▲ -0.52
Oil & Gas Dev. / Feb 9 Oil & Gas Development Company Limited(OGDC)	22,182,825 ▼ 1.19
Sui South Gas / Feb 9 Sui Southern Gas Company Limited(SSGC)	16,127,166 ▲ -0.18
Sui North Gas / Feb 9 Sui Northern Gas Pipelines Limited(SNGP)	14,255,656 ▼ 0.05
Lotte Chemical / Feb 9 Lotte Chemical Pakistan Limited(LOTCHEM)	13,129,733 ▼ 1.18
K-Electric Ltd. / Feb 9 K-Electric Limited(KEL)	11,829,779 ▼ 0.01
Ghani Glo Hol / Feb 9 Ghani Global Holdings Limited(GGL)	10,956,173 ▼ 0.95
TRG Pak Ltd / Feb 9 TRG Pakistan Limited(TRG)	9,313,459 ▼ 2.59
Habib Bank / Feb 9 Habib Bank Limited(HBL)	8,576,564 ▼ 0.89

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 8	275.30
USD PKR Interbank Buying / Feb 8	273.30
USD to Japanese Yen / Feb 8	131.45
USD to Swiss Franc / Feb 8	0.92
Pound Sterling to USD / Feb 8	1.21
Euro to USD / Feb 8	1.07
UK LIBOR % / Feb 7	4.56

Stock	Volume
S&P 500 / Feb 8	4140.45
India Sensex / Feb 8	60663.79
Tokyo Nikkei / Feb 8	27606.46
Nasdaq / Feb 8	11988.56
Hang Seng / Feb 8	21283.52
FTSE 100 / Feb 8	7897.71
Dow Jones / Feb 8	34067.65
Germany DAX 30 / Feb 8	15418.13
France CAC40 / Feb 8	7132.82

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 7	22235
Crude Oil USD/Barrel / Feb 8	77.34
Gold 10 Grams PKR / Feb 8	169753
Gold Spot USD/Ounce / Feb 8	1874.07
Cotton US¢/pound / Feb 8	84.27

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