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HSBC

China banking regulator discussed economy with HSBC CEO

BEIJING: Guo Shuqing, chairman of China’s banking and insurance regulator, met with HSBC Group Chief Executive Noel...

Published 24 Mar, 2023 10:25am

Markets

European stocks log steepest one-day fall this year

PARIS: European stocks logged their steepest one-day fall this year on Monday on continued drag from banking stocks...

Published 14 Mar, 2023 03:18am

World

UK finance minister says SVB rescue necessary to protect UK tech

LONDON: Finance minister Jeremy Hunt said on Monday the rescue of SVB’s UK arm by HSBC was necessary to help protect...

Published 13 Mar, 2023 03:30pm

Markets

HSBC buys failed US bank SVB’s UK arm for £1

LONDON: The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue...

Updated 13 Mar, 2023 02:13pm

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

Markets

HSBC China says didn’t receive instructions from Chinese regulators to restrict outbound remittance

SHANGHAI: HSBC China said on Tuesday it did not receive any instructions from Chinese regulators to restrict...

Published 07 Mar, 2023 11:14am

Business & Finance

HSBC shareholders demand AGM vote on Asia business spin-off

HONG KONG /LONDON: HSBC’s most vocal minority investors are demanding a vote at the global lender’s 2023...

Published 06 Mar, 2023 06:22am

Business & Finance

HSBC embarks on KSA hiring spree

LONDON: HSBC is hiring dealmakers as “fast as it can” in Saudi Arabia to capitalise on a wave of financing...

Published 06 Feb, 2023 07:46am

Markets

FTSE 100 in sight of record high as financial stocks gain

LONDON: Britain’s blue-chip FTSE 100 closed higher on Monday, leaving it less than a percent below the record high...

Published 17 Jan, 2023 06:02am

Business & Finance

Global banks cut jobs as cost pressures mount

LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking...

Published 16 Jan, 2023 06:18am

Business & Finance

China's 2022 growth seen as its lowest in 40 years

BEIJING: China's economic growth for 2022 is expected to have been among its weakest in four decades after the twin...

Published 15 Jan, 2023 11:59am

Markets

Banks, homebuilders push FTSE 100 higher

LONDON: UK’s FTSE 100 closed higher on Thursday with banks and homebuilders among top gainers, while data showing ...

Published 13 Jan, 2023 06:05am

Opinion

Barclays turbocharges 2030 sustainable finance target to $1trn

British investment bank Barclays has increased its sustainable and transition finance target to $1 trillion by 2030...

Published 15 Dec, 2022 06:44am

Business & Finance

Three commissioners assume charge at SECP

ISLAMABAD: The three new commissioners appointed by the federal government have assumed charge of their...

Published 15 Dec, 2022 06:00am

Business & Finance

HSBC bank says to stop funding new oil and gas fields

LONDON: Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed...

Published 14 Dec, 2022 06:54pm

Business & Finance

HSBC eyes New Zealand sale, axes UK branches as empire shrinks

LONDON: HSBC announced on Wednesday a possible sale of its New Zealand business and plans to close 114 branches in...

Published 01 Dec, 2022 06:53am

Business & Finance

HSBC bank sells Canadian ops for over US$10bn

LONDON: HSBC has agreed to sell its Canadian division to Royal Bank of Canada for US$10.1 billion, the Asia-focused...

Published 30 Nov, 2022 05:53am

Business & Finance

HSBC bank sells Canadian ops for over US$10bn

LONDON: HSBC has agreed to sell its Canadian division to Royal Bank of Canada for US$10.1 billion, the Asia-focused...

Published 29 Nov, 2022 06:26pm

World

Dubai Islamic Bank sells $750mn in debut sustainable sukuk

DUBAI: Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document...

Published 22 Nov, 2022 06:43pm

Business & Finance

HSBC profits slide on bank impairment charges

LONDON: Global bank giant HSBC on Tuesday announced tumbling profits for the third quarter on impairment charges...

Published 25 Oct, 2022 05:19pm

Business & Finance

HSBC mulls sale of Canada unit

LONDON: HSBC is mulling the sale of its Canadian business, the Asia-focused bank said Tuesday. “We are currently...

Published 04 Oct, 2022 05:52pm

Business & Finance

Dubai’s MAF puts district cooling assets sale on hold

DUBAI: Middle East shopping mall developer Majid Al Futtaim (MAF) has decided to put on hold plans to divest its...

Published 03 Oct, 2022 07:29am

Business & Finance

Indian rupee marks biggest gain in one year

MUMBAI: The Indian rupee notched its biggest one-day gain in a year on Tuesday against a wobbly dollar as local...

Published 31 Aug, 2022 05:50am

Markets

Growth fears drag on FTSE 100

LONDON: Commodity and financial stocks dragged the UK’s FTSE 100 lower on Wednesday on worries about a slowdown in...

Published 25 Aug, 2022 06:08am

Opinion

China regulator launches new probe into banks’ property loan exposure

China’s banking regulator is scrutinising property loan portfolios of some local and foreign lenders to assess...

Published 22 Aug, 2022 06:33am

Markets

HSBC earnings beat expectations, increases key profitability goal

SINGAPORE: HSBC reported a 15% dip in first-half profit as credit loss provisions rose, but the fall was not as bad...

Published 01 Aug, 2022 10:03am

Business & Finance

HSBC agrees deal to sell Russian unit to Expobank

LONDON: HSBC has agreed to sell its Russia business to Expobank, signing a deal shortly before Moscow said it would...

Published 22 Jul, 2022 06:07am

Business & Finance

HSBC to re-launch India private banking business within a year

MUMBAI: HSBC Holdings PLC plans to re-launch its India private banking business within a year, its India CEO told...

Published 30 Jun, 2022 07:43pm

Markets

UK shares climb on boost from financial stocks, strong results

LONDON: London’s main indexes rose on Wednesday as financial stocks gained and strong results from companies...

Published 16 Jun, 2022 06:03am

Markets

London stocks steady after five straight days of losses

UK shares steadied on Tuesday, with some positive impetus from financial stocks and several strong earnings updates,...

Published 14 Jun, 2022 12:40pm

Gainers
Losers
Leaders

Stock	Price
Reliance Ins. / Mar 31 Reliance Insurance Company Limited(RICL)	6.31 ▲ 0.52 (8.98%)
Soneri Bank Ltd / Mar 31 Soneri Bank Limited(SNBL)	9.28 ▲ 0.76 (8.92%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Shield Corp. / Mar 31 Shield Corporation Limited(SCL)	303.15 ▲ 21.15 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
B.R.R.Guardian / Mar 31 B.R.R. Guardian Modaraba(BRR)	12.90 ▲ 0.86 (7.14%)
Invest Bank / Mar 31 Invest Capital Investment Bank Limited(ICIBL)	1.20 ▲ 0.08 (7.14%)
Al-Shaheer Corp / Mar 31 Al Shaheer Corporation Limited(ASC)	9.50 ▲ 0.60 (6.74%)
Sardar Chemical / Mar 31 Sardar Chemical Industries Limited(SARC)	33.75 ▲ 1.75 (5.47%)

Stock	Price
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	125 ▼ -11.14 (-8.18%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	7.50 ▼ -0.65 (-7.98%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Agriautos Ind. / Mar 31 Agriauto Industries Limited(AGIL)	60.50 ▼ -4.50 (-6.92%)
Data Textile / Mar 31 Data Textiles Limited(DATM)	3 ▼ -0.21 (-6.54%)
Escorts Bank / Mar 31 Escorts Investment Bank Limited(ESBL)	3.15 ▼ -0.21 (-6.25%)
Sapphire Textile / Mar 31 Sapphire Textile Mills Limited(SAPT)	1035.02 ▼ -64.98 (-5.91%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	10.28 ▼ -0.62 (-5.69%)

Stock	Volume
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.12
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,152,500 ▲ 0.14
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -1.99
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.01
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,419,500 ▲ 0.31
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	3,866,500 ▲ 0.29
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▼ -0.07
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	3,416,092 ▲ 0.00
Oil & Gas Dev. / Mar 31 Oil & Gas Development Company Limited(OGDC)	3,343,193 ▼ -0.63
Bankislami Pak. / Mar 31 BankIslami Pakistan Limited(BIPL)	2,894,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.94
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 30	4050.83
Nasdaq / Mar 30	12013.47
FTSE 100 / Mar 30	7620.43
Dow Jones / Mar 30	32859.03
Germany DAX 30 / Mar 30	15522.40
France CAC40 / Mar 30	7263.37
India Sensex / Mar 31	58640.64
Tokyo Nikkei / Mar 31	28047.34
Hang Seng / Mar 31	20427.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Gold 10 Grams PKR / Mar 30	178241
Crude Oil USD/Barrel / Mar 31	74.31
Gold Spot USD/Ounce / Mar 31	1979.09
Cotton US¢/pound / Mar 31	83.42

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