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UBS

Australia’s ANZ posts record FY profit, investors fret over mortgage pressure

Australia’s fourth-biggest lender, ANZ, said on Monday surging demand for its institutional banking services...

Published 13 Nov, 2023 11:24am

Business & Finance

UBS posts bigger loss than expected as it absorbs Credit Suisse

ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse...

Published 07 Nov, 2023 01:52pm

Markets

China stocks end lower; HK track global peers higher

SHANGHAI: China stocks closed lower on Thursday, hurt by concerns around economic recovery, while Hong Kong shares...

Published 03 Nov, 2023 06:11am

Business & Finance

Yen rises after Japan ramps up intervention warning

NEW YORK: The struggling yen rose from a one-year low against the US dollar and a 15-year trough versus the euro on...

Published 02 Nov, 2023 03:15am

Markets

China stocks end up on $137bn sovereign bond issue plan

HONG KONG: Chinese stocks rose on Wednesday after the country’s top parliamentary body approved an additional 1...

Published 26 Oct, 2023 06:08am

Business & Finance

UBS to cut Credit Suisse investment bank staff in Spanish overhaul

ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring...

Published 25 Oct, 2023 08:13pm

Markets

Bond buyers dip toes in long-term Treasuries despite higher-for-longer rate fears

NEW YORK: Some investors are increasing exposure to longer term US Treasuries in the midst of a historic sell-off,...

Published 19 Oct, 2023 10:22am

Markets

China, HK stocks fall

SHANGHAI: Chinese stocks closed lower on Friday after consumer price data suggested domestic demand is still under...

Published 14 Oct, 2023 05:32am

Markets

European shares fall 1pc as bond yields surge

PARIS: European shares sank to fresh six-month lows on Tuesday, dragged lower by rate-sensitive utilities and miners...

Published 04 Oct, 2023 06:20am

Markets

UBS and China’s ICBC to explore banking, wealth management ties

HONG KONG: Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world’s...

Published 26 Sep, 2023 04:31pm

Business & Finance

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

ZURICH: Banking giant UBS said Thursday it plans to fully absorb Credit Suisse’s century-old Swiss division and...

Published 01 Sep, 2023 05:41am

Business & Finance

UBS to cut more than 3,000 Swiss jobs as it integrates Credit Suisse

UBS will cut 3,000 jobs in Switzerland in the coming years as it integrates Credit Suisse, with further staff to go...

Published 31 Aug, 2023 01:08pm

Business & Finance

UBS posts $29bn profit, Credit Suisse $10bn loss amid merger

ZURICH: UBS posted a towering $29-billion net profit in the second quarter amid its takeover of fallen rival Credit...

Published 31 Aug, 2023 10:45am

Markets

UBS set to post first results since Credit Suisse merger

ZURICH: As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how...

Published 29 Aug, 2023 11:23am

Business & Finance

UBS to pay $1.4bn to settle US fraud charges on subprime loans

NEW YORK: UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed...

Published 15 Aug, 2023 06:30am

Business & Finance

UBS shuffles bank bosses in bid to better compete with Wall Street

LONDON/NEW YORK: UBS on Monday announced an overhaul of its investment banking division, including naming the...

Published 15 Aug, 2023 06:30am

Markets

Credit Suisse retail investors plan lawsuit challenging UBS buyout

Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging...

Published 13 Aug, 2023 10:23am

Business & Finance

UBS no longer taking state aid for Credit Suisse takeover

ZURICH: Swiss banking giant UBS voluntarily put an end Friday to the state and central bank support that smoothed ...

Published 12 Aug, 2023 06:44am

Markets

UBS ends state guarantee granted over Credit Suisse rescue

ZURICH: UBS won’t need the government guarantee it secured to rescue failing rival Credit Suisse and has repaid...

Published 11 Aug, 2023 12:34pm

Business & Finance

Dollar hits 4-week peak, then eases

NEW YORK: The dollar fell from a four-week peak on Thursday after US labor market data failed to impress a day ...

Published 04 Aug, 2023 06:20am

Business & Finance

Winners and losers likely as Switzerland absorbs Credit Suisse layoffs

ZURICH: Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade...

Published 03 Aug, 2023 05:26pm

Business & Finance

UBS fined $387m over Credit Suisse misconduct: US Fed

WASHINGTON: The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired...

Published 31 Jul, 2023 06:43am

Markets

UBS to retain EY as auditor after Credit Suisse takeover: FT

UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts...

Published 16 Jul, 2023 12:11pm

Markets

Credit Suisse crash investigated by Swiss lawmakers

ZURICH: A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the...

Published 11 Jul, 2023 01:46pm

Business & Finance

Saudi National Bank was denied taking 40pc Credit Suisse stake: report

VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was ...

Published 10 Jul, 2023 06:52am

Business & Finance

UBS looks to axe 30pc of staff and keep Credit Suisse’s domestic business

ZURICH: UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the...

Published 03 Jul, 2023 06:04am

Markets

China, HK stocks rise as weak factory data raises stimulus hopes

SHANGHAI: China and Hong Kong stocks rose on Friday towards the end of a bearish quarter, as June factory activity...

Published 30 Jun, 2023 10:14am

Markets

UBS to cut 35,000 jobs after Credit Suisse rescue: report

GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse – more than half its workforce – as part...

Published 28 Jun, 2023 02:32pm

Markets

UBS to announce changes to third management level, CEO says

ZURICH: UBS will announce changes to its third level of management within the next 20 days, the Swiss bank’s chief...

Published 27 Jun, 2023 12:57pm

Markets

China, Hong Kong stocks rise on stimulus hope

SHANGHAI: Stocks in China and Hong Kong rose on Friday in their best weekly performance in five months, as investor...

Published 19 Jun, 2023 06:55am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
JS Global Banking / Dec 1 JS Global Banking Sector (ETF)(JSGBETF)	13.53 ▲ 1.78 (15.15%)
U.D.L.Modaraba / Dec 1 First UDL Modaraba(FUDLM)	7.86 ▲ 0.99 (14.41%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	7.05 ▲ 0.88 (14.26%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Pak Gulf Leasing / Dec 1 Pak-Gulf Leasing Company Limited(PGLC)	7.85 ▲ 0.83 (11.82%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.95 ▲ 0.89 (9.82%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)

Stock	Price
Dewan Textile / Dec 1 Dewan Textile Mills Limited(DWTM)	3.09 ▼ -1.00 (-24.45%)
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.58 (-10.30%)
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.15 ▼ -0.87 (-9.65%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Suraj Cotton / Dec 1 Suraj Cotton Mills Limited(SURC)	145 ▼ -11.75 (-7.50%)
Leiner Pak Gelat / Dec 1 Leiner Pak Gelatine Limited(LPGL)	21.71 ▼ -1.46 (-6.30%)
Hira Textile / Dec 1 Hira Textile Mills Limited(HIRAT)	2 ▼ -0.10 (-4.76%)
United Dist. / Dec 1 United Distributors Pakistan Limited(UDPL)	43 ▼ -2.00 (-4.44%)

Stock	Volume
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	36,139,796 ▲ 2.58
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.07
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.57
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.05
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	26,599,000 ▲ 1.32
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	26,385,338 ▲ 1.02
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.02
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.07
Hum Network / Dec 1 Hum Network Limited(HUMNL)	14,481,500 ▲ 0.24
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	13,132,985 ▲ 4.32

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

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