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Saudi Arabia

Riyadh joins Shanghai Cooperation Organization as ties with Beijing grow

RIYADH: Saudi Arabia’s cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organization, as...

Published 29 Mar, 2023 11:26am

World

Xi hails Middle East thaw in call with Saudi crown prince

BEIJING: Chinese President Xi Jinping lauded what he called the easing of tensions in the Middle East during a call...

Published 28 Mar, 2023 12:57pm

Markets

Saudi National Bank chair resigns after Credit Suisse buyout

RIYADH: The chairman of Saudi National Bank, which was the main shareholder of troubled lender Credit Suisse before...

Published 27 Mar, 2023 01:53pm

World

Saudi, Iranian foreign ministers to meet during Muslim holy month

Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, have...

Published 27 Mar, 2023 10:56am

Business & Finance

Aramco affirms support for China’s energy security

RIYADH: Saudi Arabian oil giant Aramco affirmed on Sunday its support for China’s long-term energy security and...

Published 27 Mar, 2023 06:15am

World

'Great misery': Kuwait political crisis drags down economy

DUBAI: A seemingly never-ending political crisis is plunging oil-rich Kuwait’s economy into the mire, affecting...

Updated 26 Mar, 2023 11:33am

Opinion

Saudi Arabia: a paradigm shift–II

While Pakistan is embroiled in an economic, political, social and constitutional crisis, the region is undergoing a...

Updated 25 Mar, 2023 06:55am

Policy efforts, 9th review’s success: Timely external aid will be critical: IMF

ISLAMABAD: Timely financial assistance from external partners will be critical to support the Pakistani authorities’...

Updated 25 Mar, 2023 06:05pm

World

‘Sea change’: disruptive Saudi prince shows new pragmatism with Iran

RIYADH: Saudi Crown Prince Mohammed bin Salman once compared Iran’s supreme leader to Hitler, but has now green-lit...

Published 24 Mar, 2023 11:06am

World

Saudi, Iranian FMs hold Ramazan call, vow to meet ‘soon’: Riyadh

RIYADH: The Saudi and Iranian foreign ministers spoke by phone to mark the beginning of Ramadan, vowing to meet...

Published 24 Mar, 2023 05:55am

World

Saudi Arabia, Qatar announce Ramazan to start Thursday

RIYADH: Saudi Arabia has announced that the fasting month of Ramazan will start on Thursday. The kingdom’s supreme...

Published 22 Mar, 2023 06:24am

World

Saudi announces Ramadan to start Thursday

RIYADH: Saudi Arabia, home of the holiest shrines in Islam in Mecca and Medina, has announced that the fasting month...

Published 21 Mar, 2023 11:45pm

Opinion

Economic impasse is a ticking bomb waiting to go off

Nothing is going right in the country. The sovereign default is inevitable without an IMF (International Monetary...

Published 20 Mar, 2023 06:12am

Opinion

China’s master stroke

China is said to have played a master stroke by successfully persuading major Gulf powers, Saudi Arabia and Iran,...

Published 18 Mar, 2023 06:14am

Opinion

Saudi Arabia: a paradigm shift–I

It was in October 2018 that President Donald Trump is reported to have made a remark highly critical remark about ...

Published 18 Mar, 2023 06:14am

BR Research

A new order?

The China-brokered diplomatic breakthrough between Iran and Saudi Arabia has caught the world by surprise. It’s...

Published 17 Mar, 2023 08:47am

Opinion

The MbS reset

The Arab press hasn’t buzzed like this since al Qaeda (AQ) hijacked the so-called Arab Spring in Libya and Syria,...

Published 16 Mar, 2023 06:01am

World

Saudi could invest in Iran ‘very quickly’: finance minister

RIYADH: Saudi Arabia could start making investments in Iran “very quickly” after they agreed to restore...

Published 16 Mar, 2023 06:01am

World

Iran’s top security official Shamkhani to visit the UAE

DUBAI: Iran’s Supreme National Security Council secretary will visit the United Arab Emirates soon, Iran’s Etemad...

Published 15 Mar, 2023 02:24pm

Business & Finance

Riyadh Air, Saudia announce big Boeing 787 order

NEW YORK: Riyadh Air and Saudia reached agreements to purchase 78 Boeing 787 Dreamliner planes to support Saudi...

Published 15 Mar, 2023 06:01am

Markets

Russian sanctions shift oil price-making power to Asia from Europe

LONDON: Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a...

Published 14 Mar, 2023 12:00pm

Editorials

Saudi Arabia-Iran rapprochement

EDITORIAL: This past Friday was a day of crucial developments both for China and the powers that matter most for...

Published 14 Mar, 2023 03:18am

Markets

Major Gulf bourses subdued on SVB jitter; Saudi edges up

Most major Gulf stock markets fell on Monday, shrugging a slight gain in oil prices, as investors were a little...

Published 13 Mar, 2023 02:06pm

World

Iran’s behaviour will be monitored in coming months: Saudi analysts

RIYADH: Saudi Arabia will watch Iran’s behaviour during the two-month window agreed upon to restore relations,...

Published 13 Mar, 2023 06:15am

Pakistan

IK welcomes restoration of Iran-KSA ties

LAHORE: Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Sunday welcomed the...

Published 13 Mar, 2023 06:15am

Business & Finance

Saudi Arabia posts budget surplus of $27.68bn in 2022

DUBAI: Saudi Arabia recorded a budget surplus of 103.9 billion riyals ($27.68 billion) in 2022, beating its own...

Published 13 Mar, 2023 06:15am

Business & Finance

Aramco’s ‘record’ profit invites outraged response

RIYADH: Saudi Aramco said on Sunday it achieved “record” profits totalling $161.1 billion last year, drawing an...

Published 13 Mar, 2023 06:15am

World

Saudi unveils new airline to compete with Gulf rivals

RIYADH: Saudi Arabia announced Sunday the creation of a new national airline, part of a plan to turn Riyadh into a...

Updated 13 Mar, 2023 06:29am

World

China cajoles Iran, Saudi Arabia into restoring ties

TEHRAN: Regional powerhouses Iran and Saudi Arabia agreed Friday to restore ties and reopen diplomatic missions in a...

Published 11 Mar, 2023 03:16am

World

Iran, Saudi Arabia to restore ties in China-brokered deal

Will reopen diplomatic missions, seven years after relations were severed

Updated 10 Mar, 2023 08:30pm

Gainers
Losers
Leaders

Stock	Price
Invest Bank / Mar 29 Invest Capital Investment Bank Limited(ICIBL)	1.22 ▲ 0.13 (11.93%)
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	119.32 ▲ 8.32 (7.50%)
J.K.Spinning / Mar 29 J.K. Spinning Mills Limited(JKSM)	43.32 ▲ 3.02 (7.49%)
Dewan Farooque Sp. / Mar 29 Dewan Farooque Spinning Mills Limited(DFSM)	2.90 ▲ 0.18 (6.62%)
Metro Steel / Mar 29 Metropolitan Steel Corporation Limited(MSCL)	31.50 ▲ 1.89 (6.38%)
Pervez Ahmed Co / Mar 29 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.68 ▲ 0.04 (6.25%)
Thal Limited / Mar 29 Thal Limited(THALL)	179.98 ▲ 10.06 (5.92%)
Dewan Motors / Mar 29 Dewan Farooque Motors Limited(DFML)	11.98 ▲ 0.62 (5.46%)
Dewan Sugar / Mar 29 Dewan Sugar Mills Limited(DWSM)	2.34 ▲ 0.12 (5.41%)
K.S.B.Pumps / Mar 29 KSB Pumps Company Limited(KSBP)	108 ▲ 4.70 (4.55%)

Stock	Price
Pak. P.V.C. / Mar 29 Pakistan PVC Limited(PPVC)	3.91 ▼ -0.99 (-20.20%)
Nagina Cot. / Mar 29 Nagina Cotton Mills Limited(NAGC)	55.70 ▼ -4.49 (-7.46%)
Wah-Noble / Mar 29 Wah Noble Chemicals Limited(WAHN)	144.55 ▼ -11.65 (-7.46%)
Suraj Cotton / Mar 29 Suraj Cotton Mills Limited(SURC)	93.50 ▼ -7.50 (-7.43%)
Pak Datacom / Mar 29 Pak Datacom Limited(PAKD)	59.26 ▼ -4.69 (-7.33%)
Ittefaq Iron Ind / Mar 29 Ittefaq Iron Industries Limited(ITTEFAQ)	5.21 ▼ -0.34 (-6.13%)
Media Times Ltd / Mar 29 Media Times Limited(MDTL)	1.87 ▼ -0.11 (-5.56%)
Gatron Ind. / Mar 29 Gatron (Industries) Limited(GATI)	270.50 ▼ -14.50 (-5.09%)
Bestway Cement / Mar 29 Bestway Cement Limited(BWCL)	132.03 ▼ -6.73 (-4.85%)
Premium Textile / Mar 29 Premium Textile Mills Limited(PRET)	402 ▼ -20.40 (-4.83%)

Stock	Volume
Telecard Limited / Mar 29 Telecard Limited(TELE)	23,781,500 ▼ -0.09
Pakistan Alumin / Mar 29 Pakistan Aluminium Beverage Cans Limited(PABC)	6,344,000 ▲ 0.61
WorldCall Telecom / Mar 29 Worldcall Telecom Limited(WTL)	4,170,588 ▼ -0.01
Shifa Int.Hosp / Mar 29 Shifa International Hospitals Limited(SHFA)	4,102,500 ▲ 8.32
Nishat Mills Ltd / Mar 29 Nishat Mills Limited(NML)	4,087,625 ▼ -0.16
K-Electric Ltd. / Mar 29 K-Electric Limited(KEL)	3,769,542 ▼ -0.01
Habib Bank / Mar 29 Habib Bank Limited(HBL)	3,527,993 ▼ -1.18
D.G.K.Cement / Mar 29 D.G. Khan Cement Company Limited(DGKC)	3,430,473 ▲ 0.30
Maple Leaf Cement / Mar 29 Maple Leaf Cement Factory Limited(MLCF)	2,560,318 ▼ -0.22
Dewan Motors / Mar 29 Dewan Farooque Motors Limited(DFML)	1,917,000 ▲ 0.62

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 29	284
USD PKR Interbank Buying / Mar 29	283.40
USD to Japanese Yen / Mar 29	131.67
USD to Swiss Franc / Mar 29	0.92
Pound Sterling to USD / Mar 29	1.23
Euro to USD / Mar 29	1.08
UK LIBOR % / Mar 28	4.81

Stock	Volume
S&P 500 / Mar 28	3971.27
Nasdaq / Mar 28	11716.08
FTSE 100 / Mar 28	7484.25
Dow Jones / Mar 28	32394.25
Germany DAX 30 / Mar 28	15142.02
France CAC40 / Mar 28	7088.34
India Sensex / Mar 29	57772.50
Tokyo Nikkei / Mar 29	27625.99
Hang Seng / Mar 29	20191.68

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 28	18935
Gold 10 Grams PKR / Mar 28	175411
Crude Oil USD/Barrel / Mar 29	73.63
Gold Spot USD/Ounce / Mar 29	1966.74
Cotton US¢/pound / Mar 29	82

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