Trends - Gulf Region - Business Recorder

Gulf Region

Dubai camel cloning caters to races, beauty pageants

DUBAI: Having led the world’s first cloning of camels in 2009, Nisar Wani is now replicating a few dozen a year at a...

Published 25 May, 2023 04:09pm

World

UAE spends billions on home-grown arms at defence fair

DUBAI: The United Arab Emirates splashed out billions on arms from home-grown firms at a defence fair in Abu Dhabi...

Published 24 Feb, 2023 07:36pm

World

UAE, Israel unveil joint naval vessel

ABU DHABI: The United Arab Emirates and Israel on Monday revealed their first jointly created unmanned vessel,...

Published 21 Feb, 2023 07:09am

World

UAE, Israel unveil joint naval vessel as military ties grow

ABU DHABI: The United Arab Emirates and Israel on Monday revealed their first jointly created unmanned vessel,...

Published 20 Feb, 2023 06:56pm

Business & Finance

Saudi Arabia, China sign strategic deals

RIYADH: Saudi Arabia and China showcased deepening ties with a series of strategic deals on Thursday during a visit...

Updated 09 Dec, 2022 09:21am

Markets

U.S. official says he has no message for OPEC+ before it meets

DUBAI: Senior US official Amos Hochstein said on Monday he had no message for OPEC+ before it meets on March 31 and...

Published 28 Mar, 2022 01:37pm

World

UAE daily COVID-19 cases climb above 2,000

DUBAI: Daily coronavirus infections in the United Arab Emirates, the Gulf region's tourism and commercial hub, have...

Published 29 Dec, 2021 06:20pm

Markets

Most Gulf indexes track Asian shares lower on virus woes

The movement in oil prices is a key catalyst for the Gulf region's financial markets

Published 26 Aug, 2021 01:38pm

Markets

Most Gulf markets rise in early trade; Qatar flat

The pandemic hit the Gulf state hard last year, both through the shock of low oil prices and the huge toll it took on vital non-oil economic sectors such as tourism.

Published 07 Jun, 2021 01:07pm

World

Oman says expat workforce fell by 200,000 in year to March

"Expatriates employed in the government sector fell from 53,332 to 49,898. While expatriates employed in the private sector dropped from 1,608,781 to 1,403,287."
Oman posted a deficit of 827 million rials ($2.15 billion) in the four months to April, the ministry said on Wednesday, with revenues declining by 27.7% annually during the period.

Published 02 Jun, 2021 07:19pm

Markets

Saudi bourse down; Kuwait shines

DUBAI: Saudi Arabian stocks closed lower on Wednesday, hit by losses in banking and petrochemical stocks, while the...

Published 06 May, 2021 03:49am

Markets

Most Gulf markets track oil, Asian shares higher

The index's gains, however, were capped by losses at the country's largest lender First Abu Dhabi Bank.

Published 23 Feb, 2021 02:10pm

Markets

Dubai index falls; Abu Dhabi, Saudi manage narrow gains

DUBAI: The Dubai stock market weakened on Wednesday, the benchmark’s fifth fall in the last six sessions, while ...

Published 11 Feb, 2021 04:34am

Business & Finance

Oman, Saudi Arabia exposed to declining uplift from wealth funds: Moody's

The ratings agency expects oil prices to remain below their trajectory prior to the COVID-19 pandemic as a result of lower demand in sectors like aviation, resulting in higher deficits among Gulf states.
Under most plausible scenarios, the level of SWF coverage of government debt stocks will fall significantly for Saudi Arabia and Oman, weakening their fiscal strength over the medium term.

Published 10 Feb, 2021 07:35pm

Markets

Major markets gain as non-oil sector stocks shine

Dubai non-oil sector back to growth in Dec – survey.
Cement stocks drive gains in Saudi Arabian benchmark.
Qatari benchmark gains for third straight session.

Published 11 Jan, 2021 08:26pm

Pakistan

Sajnrani terms resumption of diplomatic ties among Qater, KSA, Egypt, UAE good omen for Gulf Region

He said that our problems are common and we have to make collective efforts to find a solution for the problems.

Published 06 Jan, 2021 06:41pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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