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SCA

Thar coal: S. African lab results quite encouraging: DG SCA

KARACHI: Thar indigenous coal is viable to be converted into gas, liquid as well as urea, as final report of samples...

Updated 28 Oct, 2023 09:08am

Opinion

Taxing work and subsidising non-work

Turns out that there’s a Salaried Class Alliance (SCA), based in Karachi, which describes itself as a...

Updated 27 Jul, 2023 07:00am

World

Suez Canal records highest ever annual revenue of $7bn

CAIRO: Egypt’s Suez Canal Authority announced Monday an all-time revenue record, earning $7 billion during the ...

Published 05 Jul, 2022 05:19am

Technology

What Pakistan can learn as Dubai races to become cryptocurrency ‘hub’

KARACHI: Cryptocurrencies are gaining popularity the world over among both investors and governments. El Salvador...

Updated 30 Nov, 2021 05:24pm

Business & Finance

Record revenues flow from Suez despite megaship blockage

CAIRO: The Suez Canal netted Egypt a record $5.84 billion in the last tax year, its chief said Sunday, despite the...

Published 12 Jul, 2021 05:26am

World

Suez Canal Authority says door still open to negotiation with container ship owner

The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23, halting traffic in both directions and disrupting global trade.
On Sunday the court rejected a claim by Shoei Kisen, the Japanese owners of the vessel, to have the vessel released from detention.

Published 25 May, 2021 05:54pm

Suez Canal starts dredging work to extend double lane

CAIRO: The Suez Canal Authority (SCA) has started dredging work to extend a second lane that allows for two-way...

Published 16 May, 2021 04:26am

World

Suez Canal starts dredging work to extend double lane

The SCA announced this week that it was planning to extend a second canal lane that opened in 2015 by 10 km to make it 82 km long, and would widen and deepen a single lane stretch at the southern end of the canal.
The work had begun following directives from Egyptian President Abdel Fattah al-Sisi "to immediately start implementing the proposed development plan and put in place a timetable for completion as soon as possible".

Updated 15 May, 2021 07:06pm

Business & Finance

Fitch Ratings gets UAE regulator license

The license, effective as of April 6, allows Fitch to provide credit ratings for "onshore" entities listed in SCA-controlled stock exchanges, including the Dubai Financial Market and Abu Dhabi Securities Exchange, Fitch said in a statement.

Published 14 Apr, 2021 05:52pm

Business & Finance

Suez Canal shipping backlog ends, days after giant vessel freed

The last 61 ships, out of 422 ships that were queuing when the vessel was dislodged on Monday, passed through the vital trade artery on Saturday, the Suez Canal Authority (SCA) said.
- In total, 85 ships had been due to pass through the canal on Saturday including 24 ships that arrived after Ever Given was dislodged, the SCA said.

Published 03 Apr, 2021 06:24pm

World

Sisi promises investment to avoid another Suez closure

ISMAILIA, (Egypt): Egyptian President Abdel Fattah al-Sisi pledged Tuesday investment to avoid any repetition of the...

Updated 31 Mar, 2021 10:15am

World

Egypt's Sisi promises investment to avoid Suez closure repeat

Sisi claimed "success" in the operation after the stern was freed, several hours before the bow of the ship was finally dislodged.

Published 30 Mar, 2021 07:07pm

World

Salvager hopes to free ship blocking Suez Canal by start of next week

Giant container ship stranded since Tuesday.
Dredgers and tug boats deployed to dislodge it.
Blockage disrupting global shipping, supply chains.

Published 27 Mar, 2021 05:56pm

Business & Finance

Race to dislodge Suez blockage as shipping rates surge, tankers diverted away

More than 30 oil tankers wait to traverse canal –Refinitiv.
Bigger impact on oil products markets –analysts.
Several LNG tankers diverted –shipbroker.
Ship owner denies aims to free vessel by Saturday night.

Published 26 Mar, 2021 05:48pm

World

Egypt battles to refloat ship blocking Suez Canal as queues build

Historic sections of the canal were reopened in a bid to ease the bottleneck, with dozens of ships waiting at both ends of the waterway.

Published 25 Mar, 2021 01:17pm

Markets

UAE listed companies must have at least one female board member

The move, an amendment of a previous decision by the authority's board, is "in the context of keenness to empower Emirati women and encourage them to play a greater role in the boards of directors of listed companies," the SCA said in a statement on Sunday.

Updated 15 Mar, 2021 09:26pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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