Trends - Saudi Arabia - Business Recorder

Saudi Arabia

Pakistan wants to form larger share of labour force for Saudi’s futuristic NEOM project

Home to millions of Pakistani expats, Saudi Arabia is a major source of remittances

Published 19 May, 2022 03:42pm

Business & Finance

Thailand’s economy rebounds 2.2 percent in first quarter

BANGKOK: Thailand’s economy grew 2.2 percent in the first quarter following an export and tourism boost after the...

Published 17 May, 2022 09:53am

Markets

Saudi expects 13m bpd oil capacity by 2027

MANAMA: Saudi Arabia expects to ramp up its daily oil production capacity by more than one million barrels to exceed...

Published 17 May, 2022 06:29am

World

Saudi denies NEOM megacity will be ‘country within a country’

RIYADH: Saudi Arabia on Monday rejected claims that its planned futuristic megacity known as NEOM will have ...

Published 17 May, 2022 06:29am

World

Saudi denies NEOM megacity will be ‘country within a country’

RIYADH: Saudi Arabia on Monday rejected claims that its planned futuristic megacity known as NEOM will have...

Published 16 May, 2022 08:30pm

Markets

Saudi expects 13 million bpd oil capacity by 2027: minister

MANAMA: Saudi Arabia expects to ramp up its daily oil production capacity by more than one million barrels to exceed...

Published 16 May, 2022 05:59pm

World

Saudi King Salman leaves hospital after tests: state media

RIYADH: Saudi Arabia’s ageing King Salman has left the hospital one week after being admitted for tests, including a...

Published 16 May, 2022 10:36am

World

Saudi Arabia posts $15.3 billion budget surplus in Q1 as oil prices surge

Saudi Arabia posted a budget surplus of 57.49 billion riyal ($15.33 billion) in the first three months of 2022, the...

Updated 15 May, 2022 10:45pm

World

World leaders pay respects in UAE after death of pro-West president

DUBAI: World leaders began descending on the United Arab Emirates on Sunday to offer condolences on the death of...

Published 15 May, 2022 02:24pm

Markets

Saudi Aramco becomes world's most valuable company

SAN FRANCISCO: Saudi Aramco on Wednesday dethroned Apple as the world's most valuable company as surging oil prices...

Updated 12 May, 2022 11:30am

Pakistan

NA informed: $6.87bn received from Saudi Arabia, China during PTI’s tenure

ISLAMABAD: Pakistan has received $ 6.87 billion from Saudi Arabia and China in the form of disbursements during the...

Published 12 May, 2022 05:40am

World

Saudi Arabia aims for 70 million tourism visits this year

DUBAI: Saudi Arabia aims to exceed 70 million tourist visits this year after drawing 62 million last year, a tourism...

Published 09 May, 2022 08:18pm

Markets

Growth in Saudi non-oil private sector still robust in April

DUBAI: Saudi Arabia’s non-oil private sector continued to see robust growth in April, albeit at a slower pace than...

Published 09 May, 2022 11:35am

Markets

Oil prices tumble, weighed down by China lockdowns

NEW YORK: Oil prices sank 4% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil...

Updated 09 May, 2022 08:58pm

Business & Finance

FCCI hails PM’s successful visit to Saudi Arabia

FAISALABAD: Atif Munir Sheikh President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the...

Published 09 May, 2022 06:43am

King Salman to remain in hospital after colonoscopy

RIYADH: Saudi Arabia’s ageing King Salman will remain in hospital after undergoing tests including a colonoscopy,...

Published 09 May, 2022 05:39am

World

Saudi Arabia lowers Arab Light oil price to Asia, Europe in June

Saudi Arabia’s lowered the price of its Arab Light crude grade to Asia and Europe for the month of June, according...

Published 08 May, 2022 05:48pm

World

Saudi king to stay in hospital after undergoing colonoscopy

Saudi Arabia’s King Salman bin Abdulaziz will stay in hospital for some time to rest on doctors’ advice after...

Updated 08 May, 2022 09:50pm

World

Saudi-led coalition frees Yemen rebels in peace gesture

RIYADH: The Saudi-led military coalition fighting Yemen’s Houthi insurgents announced Friday it was freeing a batch...

Published 06 May, 2022 03:46pm

OPEC oil output in April barely rises as African outages weigh: survey

LONDON: The increase in OPEC’s oil output in April undershot the rise planned under a deal with allies, a Reuters...

Updated 03 May, 2022 09:15am

World

Saudis feel ‘let down’ by US over Houthi security threats, says senior royal

DUBAI: Saudi Arabia feels “let down” by the United States in tackling security threats to the kingdom and wider...

Published 02 May, 2022 04:22pm

Pakistan

Islamabad High Court bars govt from arresting PTI leaders

Justice Minallah issues notice to the interior secretary to ensure court's orders are implemented

Updated 02 May, 2022 07:33pm

Joint statement issued: Pakistan, KSA to discuss extending term of $3bn loan

ISLAMABAD: Pakistan and Saudi Arabia on Sunday said they would discuss extending the terms of a $3 billion loan to...

Updated 02 May, 2022 10:21am

Masjid-e-Nabwi incident: Another case registered against PTI chairman

ISLAMABAD: Another case has been registered on Sunday against Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and...

Updated 02 May, 2022 10:22am

Business & Finance

Saudi Arabia's economy estimated to grow 9.6% in Q1, driven by oil

Saudi Arabia's economy grew by 9.6% in the first quarter of 2022, compared to a year earlier, according to flash...

Published 01 May, 2022 07:54pm

Pakistan

Pakistan, Saudi Arabia to discuss augmenting kingdom's $3 billion deposit

Discussions involve exploring options to further enhance financing of petroleum products

Updated 01 May, 2022 07:23pm

World

Turkey, Saudi to revive great economic potential, Erdogan says

ANKARA: Turkey and Saudi Arabia have a common will to “reactivate a great economic potential” between the two...

Published 01 May, 2022 05:11am

Pakistan

Pakistan urges Saudi Arabia to take action against Masjid-e-Nabwi incident

Rana Sanaullah seeks law ministry’s input to deal with perpetrators

Published 29 Apr, 2022 04:02pm

Pakistan

PM Shehbaz arrives in Saudi Arabia for three-day official visit

This is the PM's first foreign visit after assuming office

Updated 28 Apr, 2022 09:02pm

Pakistan

PM’s Saudi trip to focus on strengthening economic, investment ties

Officials will also discuss creating opportunities for Pakistani workforce in Saudi Arabia

Published 27 Apr, 2022 02:38pm

Gainers
Losers
Leaders

Stock	Price
First Pak Mod. / May 21 First Pak Modaraba(PAKMI)	3.30 ▲ 0.90 (37.50%)
B. F. Mod. / May 21 B.F. Modaraba(BFMOD)	7.00 ▲ 1.00 (16.67%)
Paramount Mod / May 21 First Paramount Modaraba(FPRM)	8.99 ▲ 0.99 (12.38%)
S.G.Power / May 21 S.G. Power Limited(SGPL)	4.99 ▲ 0.47 (10.40%)
Pak Gen.Ins. / May 21 The Pakistan General Insurance Co. Ltd.(PKGI)	10.99 ▲ 0.91 (9.03%)
Flying Cement / May 21 Flying Cement Company Limited(FLYNG)	8.10 ▲ 0.64 (8.58%)
Pak Engineering / May 21 Pakistan Engineering Company Limited(PECO)	279.50 ▲ 19.50 (7.50%)
Sapphire Fib. / May 21 Sapphire Fibres Limited(SFL)	1099.72 ▲ 76.72 (7.50%)
Dadex Eternit / May 21 Dadex Eternit Limited(DADX)	73.09 ▲ 5.09 (7.49%)
Maqbool Tex. / May 21 Maqbool Textile Mills Limited(MQTM)	64.12 ▲ 4.47 (7.49%)

Stock	Price
Ask.Gen.Insur. / May 21 Askari General Insurance Company Limited(AGIC)	18.06 ▲ -2.73 (-13.13%)
Oilboy Energy / May 21 Oilboy Energy Limited(OBOY)	10.35 ▲ -1.39 (-11.84%)
Sakrand Sugar / May 21 Sakrand Sugar Mills Limited(SKRS)	8.25 ▲ -0.79 (-8.74%)
Punjab Mod / May 21 First Punjab Modaraba(FPJM)	1.64 ▲ -0.15 (-8.38%)
Service Textile / May 21 Service Industries Textiles Limited(SERT)	10.00 ▲ -0.90 (-8.26%)
TPL Insurance / May 21 TPL Insurance Limited(TPLI)	30.63 ▲ -2.48 (-7.49%)
AL-Noor Sugar / May 21 Al-Noor Sugar Mills Limited(ALNRS)	57.50 ▲ -4.36 (-7.05%)
Shield Corp. / May 21 Shield Corporation Limited(SCL)	235.50 ▲ -16.50 (-6.55%)
Dynea Pakistan / May 21 Dynea Pakistan Limited(DYNO)	150.13 ▲ -9.87 (-6.17%)
Bal. Wheel / May 21 Baluchistan Wheels Limited(BWHL)	73.85 ▲ -4.78 (-6.08%)

Stock	Volume
K-Electric Ltd. / May 21 K-Electric Limited(KEL)	18,994,000 ▼ 0.00
Silk Bank Ltd / May 21 Silkbank Limited(SILK)	16,885,500 ▼ 0.00
Pak Elektron / May 21 Pak Elektron Limited(PAEL)	16,358,000 ▼ 0.00
Pak Refinery / May 21 Pakistan Refinery Limited(PRL)	12,930,788 ▼ 0.00
WorldCall Telecom / May 21 Worldcall Telecom Limited(WTL)	12,253,500 ▼ 0.00
Waves Singer / May 21 Waves Singer Pakistan Limited(WAVES)	6,934,500 ▼ 0.00
Fauji Foods Ltd / May 21 Fauji Foods Limited(FFL)	6,538,000 ▼ 0.00
Cnergyico PK / May 21 Cnergyico PK Limited(CNERGY)	5,919,271 ▼ 0.00
Fauji Cement / May 21 Fauji Cement Company Limited(FCCL)	5,880,500 ▼ 0.00
Ghani Glo Hol / May 21 Ghani Global Holdings Limited(GGL)	5,477,638 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	200.20
USD PKR Interbank Buying / May 20	199.80
USD to Japanese Yen / May 20	128.12
USD to Swiss Franc / May 20	0.97
Pound Sterling to USD / May 20	1.24
Euro to USD / May 20	1.06
UK LIBOR % / May 20	0.82

Stock	Volume
S&P 500 / May 20	3900.79
India Sensex / May 20	52792.23
Tokyo Nikkei / May 20	26673.91
Nasdaq / May 20	11388.50
Hang Seng / May 20	20581.03
FTSE 100 / May 20	7302.74
Dow Jones / May 20	31253.13
Germany DAX 30 / May 20	13882.30
France CAC40 / May 20	6272.71

Item	Value
Crude Oil / May 20	112.00
Karachi Cotton Assoc. / May 20	21180.00
Gold 10 Grams / May 20	113300.00
Gold Spot / May 20	1838.55
Cotton / May 20	128.58

Saudi Arabia

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