Topic

Porsche

Porsche to cut 500 jobs

Published 11 May, 2026 05:59am

FRANKFURT: Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of...

Mercedes-Benz profit slides amid cutthroat Chinese market

Published 29 Apr, 2026 11:33am

Mercedes said car sales by volume in China fell 27 percent in the first three months of 2026

Luxury carmakers’ gold-leafed profits under threat from Iran war

Published 01 Apr, 2026 11:33pm

A key global shipping route is in disarray since the start of the Iran conflict

BMW profit holds up despite Trump tariffs, China woes

Published 12 Mar, 2026 01:38pm

German carmaker BMW reported a three percent fall in annual profit on Thursday

Volkswagen posts 1-billion-euro loss on tariffs, Porsche woes

Published 31 Oct, 2025 06:22am

FRANKFURT, (Germany): Volkswagen reported its first quarterly loss for five years Thursday, topping one billion...

Porsche swings to USD1.1bn quarterly loss

Published 27 Oct, 2025 05:16am

BERLIN: Porsche swung to a wider-than-expected operating loss in the third quarter, it said on Friday, plunging the...

Porsche’s 9-month sales fall globally, China leads slump

Published 09 Oct, 2025 12:14pm

Germany luxury sports carmaker Porsche said on Thursday its sales fell globally in the first nine months of 2025,...

Porsche shares seen 6.2% lower after delayed EV launch hits guidance

Published 22 Sep, 2025 11:45am

Shares in Porsche were seen 6.2% lower in early Frankfurt trade on Monday, after the German luxury sports carmaker...

Porsche, Aston Martin hike US prices as hopes for tariff sweeteners fade

Published 31 Jul, 2025 11:41am

BERLIN: European luxury carmakers including Porsche and Aston Martin have surged ahead with US price hikes, which...

Porsche cuts outlook as US tariffs, China weakness hit in first quarter

Published 29 Apr, 2025 02:36pm

FRANKFURT: Porsche’s margins plunged in the first quarter, the sportscar maker said on Tuesday, forcing it to cut...

Porsche’s 2024 China sales fall by 28%

Published 13 Jan, 2025 01:12pm

BERLIN: German sports car maker Porsche AG, reported a 28% tumble in 2024 China sales on Monday, as persistent...

Porsche sees 25% operating profit jump in Q1 on record deliveries

Published 03 May, 2023 12:50pm

BERLIN: Luxury carmaker Porsche’s return on sales in the first quarter was on par with last year’s at 18.2%, but...

Porsche set to join Germany’s prestigious DAX index

Published 12 Dec, 2022 06:07am

BERLIN: Less than three months after a high-profile stock market debut, luxury carmaker Porsche is set to join...

Porsche to join Germany’s prestigious DAX index

Published 06 Dec, 2022 05:29pm

BERLIN: Less than three months after a high-profile stock market debut, luxury carmaker Porsche is set to join...

Porsche sees 40% rise in profits in first nine months, confirms outlook

Published 28 Oct, 2022 11:14am

BERLIN: Porsche reported a 40.6% rise in operating profit to 5.05 billion euros on Friday in its first results since...

Porsche overtakes Volkswagen as Europe’s most valuable carmaker

Published 06 Oct, 2022 05:03pm

BERLIN: Porsche took pole position as Europe’s most valuable automaker on Thursday, overtaking former parent...

Porsche to race onto German stock exchange with mega IPO

Published 26 Sep, 2022 12:51pm

FRANKFURT: Luxury sports carmaker Porsche will this week race onto the Frankfurt stock exchange in what is set to be...

Volkswagen targets 70-75 billion euros valuation in planned Porsche IPO

Published 18 Sep, 2022 11:23pm

HAMBURG: Volkswagen is targetting a valuation of 70 billion to 75 billion euros ($70.1-75.1 billion) for luxury...

Porsche poses governance dilemma for investors weighing IPO

Published 18 Sep, 2022 06:05am

LONDON/MILAN: Porsche’s leadership set-up and the limited influence for stock market investors after its IPO are...

Volkswagen to decide on landmark Porsche listing later on Monday

Published 05 Sep, 2022 06:43pm

HAMBURG/FRANKFURT: Volkswagen’s leadership will meet later on Monday to decide on whether to proceed with the...

Volkswagen shifts gears with Oliver Blume taking wheel

Published 01 Sep, 2022 11:51am

FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German...

Russian tourists' luxury cars fill up Helsinki airport

Published 23 Aug, 2022 05:46pm

HELSINKI: Porsches, Bentleys and other luxury cars with Russian licence plates are filling up the parking garage at...

Porsche expects to make as many electric Macans as combustion versions

Published 22 Aug, 2022 06:33am

BERLIN: Volkswagen’s sportscar brand Porsche expects to produce as many units of its Macan model in the electric...

VW’s CEO Diess ousted after tumultuous tenure, Porsche’s Blume to succeed

Published 25 Jul, 2022 06:12am

BERLIN: Porsche Chief Executive Oliver Blume will take over from Herbert Diess as CEO of Volkswagen (VOWG_p.DE), the...

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Forex
World
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Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 3	159.93
USD to Swiss Franc / Jun 3	0.79
Pound Sterling to USD / Jun 3	1.34
Euro to USD / Jun 3	1.16
SOFR % / Jun 3	3.63

Stock	Volume
S&P 500 / Jun 3	7,553.68
India Sensex / Jun 3	74,346.17
Tokyo Nikkei / Jun 3	68,402.13
Nasdaq / Jun 3	26,853.97
Hang Seng / Jun 3	25,633.21
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42

Item	Value
Crude Oil USD/Barrel / Jun 3	95.34
Gold 10 Grams PKR / Jun 3	401,030
Gold Spot USD/Ounce / Jun 3	4,452.30
Cotton US¢/pound / Jun 3	80.51
Petrol/Litre / Jun 4	381.78
Diesel/Litre / Jun 4	380.78

Gainers
Losers
Leaders

Stock	Price
Wasl Mobility Mod. / Jun 3 Wasl Mobility Modaraba(WASL)	5.91 ▲ 1 (20.37%)
Gulshan Sp. / Jun 3 Gulshan Spinning Mills Limited(GSPM)	6.18 ▲ 1 (19.31%)
First AL-Noor Mod. / Jun 3 First Al-Noor Modaraba(FANM)	6.88 ▲ 1 (17.01%)
Chenab Ltd (Pref) / Jun 3 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.44 (12.9%)
Chenab Ltd / Jun 3 Chenab Limited(CHBL)	9.61 ▲ 0.91 (10.46%)
Askari Life Assur. / Jun 3 Askari Life Assurance Company Limited(ALAC)	19.24 ▲ 1.75 (10.01%)
Dawood Equities / Jun 3 Dawood Equities Limited(DEL)	20.56 ▲ 1.87 (10.01%)
Grays Leasing / Jun 3 Grays Leasing Limited(GRYL)	20.89 ▲ 1.9 (10.01%)
Shahzad Tex. / Jun 3 Shahzad Textile Mills Limited(SZTM)	68.38 ▲ 6.22 (10.01%)
Ideal Spinning / Jun 3 Ideal Spinning Mills Limited(IDSM)	72.48 ▲ 6.59 (10%)

Stock	Price
Khairpur Sug. / Jun 3 Khairpur Sugar Mills Limited(KPUS)	2,164.61 ▼ -240.51 (-10%)
Diamond Ind. / Jun 3 Diamond Industries Limited(DIIL)	71.48 ▼ -7.9 (-9.95%)
Tri-Star Mutual / Jun 3 Tri-Star Mutual Fund Limited(TSMF)	16.88 ▼ -1.62 (-8.76%)
Power Cem(Pref) / Jun 3 Power Cement (Pref)(POWERPS)	27.79 ▼ -2.41 (-7.98%)
Paramount Mod / Jun 3 First Paramount Modaraba(FPRM)	13.90 ▼ -1.1 (-7.33%)
AN Textile Mills / Jun 3 AN Textile Mills Limited(ANTM)	30.18 ▼ -2.23 (-6.88%)
Al-Khair Gadoon / Jun 3 Al-Khair Gadoon Limited(AKGL)	52.03 ▼ -3.68 (-6.61%)
Gammon Pak / Jun 3 Gammon Pakistan Limited(GAMON)	19.23 ▼ -1.32 (-6.42%)
Burshane LPG / Jun 3 Burshane LPG (Pakistan) Limited(BPL)	56.96 ▼ -3.61 (-5.96%)
Punjab Oil / Jun 3 Punjab Oil Mills Limited(POML)	147.13 ▼ -8.47 (-5.44%)

Stock	Volume
Treet Battery / Jun 3 Treet Battery Limited(TBL)	46,642,698 ▼ -0.03
Dewan Cement / Jun 3 Dewan Cement Limited(DCL)	33,760,377 ▲ 0.4
Sitara Petroleum Service / Jun 3 Sitara Petroleum Service Limited(SPSL)	25,238,548 ▲ 0.84
Beco Steel Ltd / Jun 3 Beco Steel Limited(BECO)	23,949,474 ▲ 0.46
P.T.C.L. / Jun 3 Pakistan Telecommunication Company Ltd(PTC)	23,376,596 ▲ 0.82
TPL Corp Ltd / Jun 3 TPL Corp Limited(TPL)	17,752,841 ▲ 0.38
Cnergyico PK / Jun 3 Cnergyico PK Limited(CNERGY)	16,285,113 ▼ -0.2
WorldCall Telecom / Jun 3 Worldcall Telecom Limited(WTL)	14,753,659 ▼ -0.01
K-Electric Ltd. / Jun 3 K-Electric Limited(KEL)	13,876,959 ▼ -0.12
Mahanna Islamic Index / Jun 3 Mahanna Islamic Index Traded Fund(MIIETF)	13,316,500 ▼ -0.13

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