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Saudi Arabia

Iran court orders US to pay $50bn for Soleimani assassination

TEHRAN: A Tehran court has ordered the US government to pay nearly $50 billion in damages for assassinating a top...

Published 06 Dec, 2023 03:17pm

World

Putin to talk oil in UAE and Saudi, to meet Crown Prince Mohammed bin Salman

MOSCOW: Russian President Vladimir Putin visits the United Arab Emirates and Saudi Arabia on Wednesday and will hold...

Published 06 Dec, 2023 01:43pm

Markets

Saudi Arabia lowers Arab Light crude price to Asia

Top oil exporter Saudi Arabia has lowered prices for the flagship Arab light crude it sells to Asia in January for...

Published 06 Dec, 2023 11:36am

World

Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh

RIYADH: Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional...

Published 06 Dec, 2023 04:27am

World

Kremlin says Putin will visit Saudi Arabia, UAE Wednesday

MOSCOW: President Vladimir Putin will visit Saudi Arabia and the United Arab Emirates on Wednesday, the Kremlin has...

Published 05 Dec, 2023 05:32pm

Markets

Saudi Arabia says ‘absolutely not’ to oil phase down at COP28

DUBAI: Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s...

Published 05 Dec, 2023 04:22pm

Markets

Oil drops close to July low on scepticism over OPEC+ cuts

LONDON: Global benchmark Brent fell below $78 a barrel, not far off its July low, despite Saudi Arabia saying OPEC+...

Updated 05 Dec, 2023 07:06pm

Pakistan

Another fugitive arrested from Saudi Arabia

LAHORE: On the instructions of Inspector General Police Punjab, Dr Usman Anwar, the crackdown has been accelerated...

Published 05 Dec, 2023 03:01am

World

Putin to visit UAE, Saudi Arabia this week

MOSCOW: Russian President Vladimir Putin will visit the United Arab Emirates and Saudi Arabia this week, Russian...

Published 04 Dec, 2023 10:55pm

Markets

Saudi Arabia says OPEC+ output cuts can continue past March if needed: Bloomberg

OPEC+ oil production cuts can “absolutely” continue past the first quarter if needed, Saudi Energy Minister Prince...

Published 04 Dec, 2023 10:50pm

BR Research

Opec’s cut: Not enough?

The immediate reaction to Opec’s meeting outcome has surprised many. Brent and WTI edged lower after the cartel...

Published 04 Dec, 2023 07:36am

Pakistan

Parliamentary panel informed: ‘Major focus on ‘Saudi Arabia’s Vision 2030’ to bolster workforce in KSA’

ISLAMABAD: A parliamentary panel was informed on Friday that the country’s major focus is Saudi Arabia’s Vision...

Published 02 Dec, 2023 05:09am

Life & Style

Travelling over the holidays: 5 destinations worth considering

As the winter holidays draw nearer, for those looking for a quick escape or a closer look at festive lights and...

Published 01 Dec, 2023 06:46pm

Sports

Saudi Arabia to host Asian Champions League Elite finals

HONG KONG: Saudi Arabia will host the first two editions of the Asian Champions League Elite finals when the...

Published 01 Dec, 2023 12:54pm

Markets

OPEC+ agrees oil output cuts approaching 2mn bpd, sources say

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day...

Updated 30 Nov, 2023 08:50pm

Markets

OPEC+ ministers meet to discuss additional oil output cuts

LONDON: The OPEC+ alliance was set to hold a set of meetings on Thursday to discuss additional oil production cuts...

Published 30 Nov, 2023 01:30pm

Markets

OPEC+ talks continue with prospect for deeper oil cuts unclear

DUBAI/LONDON: OPEC+ is continuing to hold talks on 2024 oil policy ahead of a Thursday ministerial meeting, as...

Published 30 Nov, 2023 04:53am

Business & Finance

Saudi wealth fund scoops up 10pc of London Heathrow airport

LONDON: Saudi Arabia’s sovereign wealth fund is to buy ten percent of London’s Heathrow airport from Spanish...

Published 30 Nov, 2023 04:53am

Markets

Saudi Fund for Development extends term of $3bn deposit for another year: SBP

The $3 billion-deposit agreement was initially signed through the SFD with the SBP in the year 2021

Updated 29 Nov, 2023 09:40pm

World

Riyadh to host World Expo 2030

PARIS: The Saudi capital Riyadh on Tuesday won the right to host the 2030 World Expo, easily defeating rival bids...

Published 29 Nov, 2023 05:09am

World

Saudi Arabia to host the Expo 2030 world fair

PARIS: Saudi Arabia’s Riyadh will host the Expo 2030 world fair, the vote results from 182 members of the Bureau...

Published 28 Nov, 2023 09:33pm

Life & Style

Busan, Riyadh or Rome? 2030 World Expo host to be revealed

PARIS: Organisers will on Tuesday announce the host of the 2030 World Expo, with Rome in Italy, the Saudi capital...

Published 28 Nov, 2023 02:20pm

Markets

Oil prices rise over 2%; focus on OPEC+, storm-hit Kazakh output

NEW YORK: Oil prices jumped over 2% on Tuesday on the possibility OPEC+ will extend or deepen supply cuts, a...

Updated 28 Nov, 2023 09:37pm

Security concerns: Saudi firm says unable to sign pacts on solar projects

Absence of some key enabling factors include lack of base tariff, legal framework for G-to-G collaboration, land, ability to pay for power and the issue of connectivity with grid

Updated 28 Nov, 2023 01:19pm

Life & Style

Saudi Arabia pavilion design for Expo 2025 Osaka revealed

Foster + Partners says its aim for the pavilion is to offer visitors 'a spatial experience that echoes the exploration of Saudi Arabian towns and cities.'

Published 27 Nov, 2023 02:41pm

World

France’s Macron to host Arab foreign ministers

PARIS: French President Emmanuel Macron will on Wednesday discuss “the situation in the Middle East” with foreign...

Published 22 Nov, 2023 06:26pm

World

Arab ministers welcome Israel, Hamas truce but call for extended cessation of hostilities

LONDON: Arab foreign ministers welcomed an agreement for a temporary truce between Israel and Gaza group Hamas on...

Published 22 Nov, 2023 04:01pm

World

Saudi crown prince: We demand a ‘serious’ peace process for a Palestinian state

RIYADH/BEIJING: Saudi Arabia demands the start of a serious and comprehensive peace process to establish a...

Updated 21 Nov, 2023 10:27pm

Markets

Russia remains China’s top oil supplier in October

BEIJING: Russia remained China’s top oil supplier in October, data showed on Monday, despite higher prices for...

Published 20 Nov, 2023 03:24pm

World

In Beijing, Arab and Muslim ministers urge end to Gaza war

BEIJING: Arab and Muslim ministers called on Monday for an immediate ceasefire in Gaza, as their delegation visited...

Updated 20 Nov, 2023 05:11pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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