Trends - Middle East - Business Recorder

Middle East

Investors pull record sums from Saudi in Middle East fund flight

LONDON: Foreign investors pulled a record amount of money from US equity funds tracking Saudi Arabia in October as...

Published 12 Nov, 2023 12:05pm

World

Middle East leaders slam Israel at Saudi-hosted summit on Gaza

Iranian President Ebrahim Raisi, on his first trip to Saudi Arabia says Islamic countries should designate the Israeli army a terrorist organisation for its conduct in Gaza

Published 11 Nov, 2023 07:08pm

World

International travel demand falls after onset of Israel-Hamas conflict, data shows

NEW YORK: International flight bookings around the world have fallen since the onset of the Israel-Hamas conflict...

Updated 10 Nov, 2023 02:22pm

World

Some Western arms for Ukraine ending up in Taliban’s hands: Putin

MOSCOW: Russian President Vladimir Putin said on Friday that some Western weapons supplied to Ukraine were finding...

Published 04 Nov, 2023 06:00am

World

China will do utmost to contribute to Palestinian-Israeli reconciliation

BEIJING: China will do its utmost when it comes to contributing to Palestinian-Israeli reconciliation, its foreign...

Published 24 Oct, 2023 10:32am

Business & Finance

Mideast conflict: Oil investors rotate from WTI to Brent: Kemp

LONDON: Portfolio investors tiptoed back into the petroleum market last week, after three weeks of heavy selling, as...

Published 24 Oct, 2023 05:05am

World

US sees notable risk of attacks on Mideast interests

GAZA/OCCUPIED JERUSALEM: Fears that the Israel-Hamas war could mushroom into a wider Middle East conflict rose on...

Published 23 Oct, 2023 05:58am

World

US sees risk of Middle East escalation, threat to US troops

WASHINGTON: The United States sees the prospect of further attacks on its troops in the Middle East and the...

Published 22 Oct, 2023 07:37pm

World

US activates deployment of defence systems 'throughout' Mideast: Pentagon

WASHINGTON: The Pentagon Saturday moved to step up its military readiness in the Middle East, ordering activation of...

Updated 22 Oct, 2023 09:58pm

World

China ready to liaise with Russia on Mideast crisis

BEIJING: China is ready to maintain communication and coordination with Russia to cool down the Israel-Palestinian...

Published 20 Oct, 2023 09:52am

World

Xi says China to work with Egypt to help stabilise Middle East

BEIJING: Chinese President Xi Jinping told Egypt’s prime minister on Thursday that their countries should work...

Updated 19 Oct, 2023 04:34pm

World

US reports deal with Egypt to restart aid to Gaza as protests rock Middle East

TEL AVIV/GAZA: Egypt agreed to reopen its border crossing with the Gaza Strip to allow aid to reach Palestinians,...

Published 19 Oct, 2023 10:49am

World

Xi, Putin discuss Mideast conflict, Russia’s security interests

BEIJING: China’s President Xi Jinping and Russian President Vladimir Putin “exchanged views” on the conflict in...

Published 18 Oct, 2023 04:28pm

World

2,000 US troops put on deployment alert amid Middle East crisis

WASHINGTON: The US military on Tuesday ordered 2,000 personnel to prepare for deployment to the Middle East as a...

Published 17 Oct, 2023 06:50pm

World

UN humanitarian chief heading to Mideast for Gaza aid negotiations

GENEVA: The UN humanitarian chief Martin Griffiths said he would be heading to the Middle East on Tuesday to try to...

Published 16 Oct, 2023 07:39pm

World

Blinken to extend Middle East tour, return to Israel on Monday

CAIRO: U.S. Secretary of State Antony Blinken will return to Israel on Monday, a senior State Department official...

Updated 15 Oct, 2023 10:45pm

World

Blinken asks China to use 'influence' for Middle East calm

ABU DHABI: US Secretary of State Antony Blinken called Saturday on China, a partner of Iran, to use its influence to...

Updated 14 Oct, 2023 07:43pm

World

China’s Wang Yi: Palestinian issue is core of Middle East conflict

HONG KONG: China’s top diplomat and foreign minister Wang Yi said on Thursday the Palestinian issue is the core of...

Published 12 Oct, 2023 08:32pm

World

Middle East growth to recover in 2024 but structural issues to weigh: IMF

DUBAI: Economic growth in the Middle East and North Africa region is expected to accelerate in 2024 after a slowdown...

Published 12 Oct, 2023 03:18pm

Opinion

War and change in the Middle East

Once again war is poised to shake the political calculus of the Middle East. For, it’s always war, never peace...

Updated 12 Oct, 2023 06:34am

World

Putin says US is inflaming Middle East by sending aircraft carrier group

MOSCOW: Russian President Vladimir Putin accused the United States on Wednesday of inflaming the Middle East by...

Published 11 Oct, 2023 06:54pm

Opinion

PARTLY FACETIOUS: There’s a vast difference between words ‘militancy’ and ‘terrorism’

“Why the long face?” “I am devastated by events in the Middle East.” “Aren’t we all - and we are all...

Published 10 Oct, 2023 06:19am

Opinion

No light at the end of the tunnel?

Business Recorder op-ed writer Ziaul Islam Zuberi in his article “The immigration scene” has highlighted an ...

Published 09 Oct, 2023 06:24am

Pakistan for end to oppression

ISLAMABAD: Pakistan on Sunday expressed its solidarity with the Palestinians and called for an immediate end to the...

Updated 09 Oct, 2023 09:05am

Opinion

Quintessential Riyal Politik

Saudi crown prince and de facto ruler Mohammad bin Salman’s recent interview to Fox TV was a classing exercise in...

Published 28 Sep, 2023 05:33am

World

‘Six or seven’ Muslim states to make peace with Israel after Saudi Arabia: report

KARACHI: Israeli Foreign Minister Eli Cohen has stated that “six or seven” Muslim countries could “make peace” with...

Updated 25 Sep, 2023 09:16am

Pakistan

Foreign minister Jilani denies meeting with Israeli minister

Caretaker minister says Pakistan will consider interests of both its own people and Palestinians in deciding how to establish ties with Israel

Updated 24 Sep, 2023 10:43pm

Business & Finance

TPL Trakker’s Middle East subsidiary showing impressive growth: CEO

KARACHI: TPL Trakker’s (TPLT) subsidiary in the Middle East has shown significant growth of 40% and is proving to...

Updated 11 Aug, 2023 05:45am

World

Japan, Saudi Arabia set to agree on rare earth resources joint development

TOKYO: Japan and Saudi Arabia are expected to agree on joint investment to develop rare earth resources during Prime...

Published 15 Jul, 2023 10:45am

World

Japan’s Kishida to visit Middle East to talk energy markets, offer green tech

TOKYO: Japanese Prime Minister Fumio Kishida plans to discuss energy markets on a trip to Saudi Arabia, United Arab...

Published 13 Jul, 2023 06:00pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▼ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▼ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▼ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 2 786 Investments Limited(786)	5.85 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 2 Al-Abbas Sugar Mills Limited(AABS)	501.13 ▲ 0.00 (0.00%)
Agro Allianz / Dec 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 2 Allied Bank Limited(ABL)	85.40 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 2 Abbott Laboratories (Pakistan) Limited(ABOT)	481.25 ▲ 0.00 (0.00%)
Abson Ind. / Dec 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 2 Alfalah Consumer Index ETF.(ACIETF)	10.53 ▲ 0.00 (0.00%)
Attock Cement / Dec 2 Attock Cement Pakistan Limited(ACPL)	96.07 ▲ 0.00 (0.00%)

Stock	Volume
Maple Leaf Cement / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	43,072,746 ▲ 0.00
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	39,797,114 ▲ 0.00
Fauji Fert Bin / Dec 2 Fauji Fertilizer Bin Qasim Limited(FFBL)	27,568,000 ▲ 0.00
Fauji Cement / Dec 2 Fauji Cement Company Limited(FCCL)	27,255,000 ▲ 0.00
Hum Network / Dec 2 Hum Network Limited(HUMNL)	22,004,000 ▲ 0.00
WorldCall Telecom / Dec 2 Worldcall Telecom Limited(WTL)	17,256,413 ▲ 0.00
D.G.K.Cement / Dec 2 D.G. Khan Cement Company Limited(DGKC)	14,240,764 ▲ 0.00
Air Link Com. / Dec 2 Air Link Communication Limited(AIRLINK)	13,542,140 ▲ 0.00
Dewan Cement / Dec 2 Dewan Cement Limited(DCL)	12,062,500 ▲ 0.00
K-Electric Ltd. / Dec 2 K-Electric Limited(KEL)	10,296,343 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 1	285.15
USD PKR Interbank Buying / Dec 1	284.95
USD to Japanese Yen / Dec 1	146.82
USD to Swiss Franc / Dec 1	0.87
Pound Sterling to USD / Dec 1	1.27
Euro to USD / Dec 1	1.09
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 1	4594.63
India Sensex / Dec 1	67481.19
Tokyo Nikkei / Dec 1	33431.51
Nasdaq / Dec 1	14305.03
Hang Seng / Dec 1	16830.30
FTSE 100 / Dec 1	7529.35
Dow Jones / Dec 1	36245.50
Germany DAX 30 / Dec 1	16397.52
France CAC40 / Dec 1	7346.15

Item	Value
Crude Oil USD/Barrel / Dec 1	74.07
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 1	189043
Gold Spot USD/Ounce / Dec 1	2072.22
Cotton US¢/pound / Dec 1	79.42

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