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UBS

UBS shares slide 7%, reversing gains after Swiss capital proposals

LONDON: Shares in UBS dropped 7% on Tuesday as investors worried about the impact of new government proposals to...

Published 10 Jun, 2025 03:37pm

Business & Finance

UBS hires tech bankers Larsen, Michlovich from BofA in New York

NEW YORK: UBS hired two technology investment bankers in New York from Bank of America, according to a memo seen by...

Published 06 Jun, 2025 02:00pm

Markets

Gold falls after Trump extends tariff deadline on EU goods

BENGALURU: Gold prices fell nearly 1% on Monday after US President Donald Trump dropped his threat to impose 50%...

Published 27 May, 2025 03:05am

Markets

Oil steadies after Trump extends EU trade talks deadline

CALGARY: Oil prices steadied on Monday after US President Donald Trump extended a deadline for trade talks with the...

Published 27 May, 2025 03:05am

Markets

Oil rebounds on short-covering, nuclear talks

HOUSTON: Oil prices rebounded on Friday as US buyers were filling inventories ahead of the three-day Memorial Day...

Published 25 May, 2025 02:42am

Business & Finance

UBS agrees private credit tie-up with General Atlantic

LONDON: Swiss lender UBS Group and U.S. investment firm General Atlantic have agreed to make a joint push into the...

Published 06 May, 2025 06:27pm

Business & Finance

UBS to sell India wealth business to 360 ONE, take 5% stake in India partner

UBS will sell its Indian onshore wealth business to asset manager 360 ONE WAM in a deal valued at 3.07 billion...

Published 22 Apr, 2025 11:20am

Business & Finance

UBS lowers forecast for China 2025 GDP growth to 3.4% on tariff hikes

BEIJING: UBS has downgraded its China GDP growth forecast to 3.4% for 2025, on the assumption that tariff hikes...

Published 15 Apr, 2025 11:21am

Business & Finance

UBS reiterates share buyback intention despite looming capital rule changes, global uncertainty

LUCERNE: UBS Chairman Colm Kelleher reiterated the Swiss bank’s intention to repurchase shares to the tune of $3...

Published 10 Apr, 2025 01:52pm

Business & Finance

UBS completes merger of Credit Suisse service units in India

UBS Group said on Monday it has completed the merger of Credit Suisse Service Company entities with UBS Business...

Published 01 Apr, 2025 02:37pm

Business & Finance

Dollar on track for weekly loss

NEW YORK: The dollar was on track for a weekly loss on Friday as a delay in the introduction of trade tariffs...

Published 15 Feb, 2025 05:54am

Markets

Oil prices rally as US hits Russian oil with tougher sanctions

NEW YORK: Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply...

Published 12 Jan, 2025 02:44am

Markets

Gold hits four-week peak

NEW YORK: Gold prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors...

Published 10 Jan, 2025 03:51am

Business & Finance

Billionaires’ wealth more than doubles in 10 years: UBS

ZURICH: Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion,...

Published 05 Dec, 2024 09:27pm

Markets

Gold prices slightly up on Fed rate optimism

NEW YORK: Gold prices edged higher on Tuesday, as recovering expectations of a US rate cut in December weighed on ...

Published 04 Dec, 2024 03:14am

Business & Finance

UBS smashes forecasts with $1.4 billion Q3 net profit

ZURICH: Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said...

Published 30 Oct, 2024 11:59am

Business & Finance

UBS fund management arm reports 3% stake in Swiss National Bank

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing...

Published 25 Oct, 2024 07:29pm

Business & Finance

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma

ZURICH: As the Swiss National Bank’s new chairman Martin Schlegel takes office this week, the jury is out on the...

Published 30 Sep, 2024 12:07pm

Business & Finance

UBS sues Bank of America for $200m over crisis-era mortgage costs

NEW YORK: UBS sued Bank of America for $200 million on Wednesday, saying the second-largest US bank refused to cover...

Published 01 Aug, 2024 06:06am

Markets

Oil prices down

NEW YORK: Oil prices fell by more than $1 a barrel on Monday after Israeli officials said they wanted to avoid...

Published 30 Jul, 2024 03:10am

Markets

Gold prices firm

BENGALURU: Gold prices edged up on Monday as the dollar weakened in response to President Joe Biden’s decision to...

Published 23 Jul, 2024 08:29am

Business & Finance

Swiss authorities draw flak in Credit Suisse probe: report

ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have...

Published 15 Jul, 2024 06:25am

Markets

Tech shares drive China stocks higher

SHANGHAI: China stocks closed higher on Tuesday, led by tech shares, as investors await the highly anticipated...

Published 10 Jul, 2024 03:14am

Business & Finance

Challenges await as UBS makes Credit Suisse merger official

ZURICH: Banking giant UBS on Monday officially merged its Swiss branches with those of Credit Suisse, but huge...

Published 08 Jul, 2024 08:25am

Markets

Oil falls after jump in US inventories

NEW YORK: Oil prices fell slightly on Wednesday after US crude stocks posted their third unexpected weekly rise in...

Published 27 Jun, 2024 06:52am

Business & Finance

UBS sets aside $900mn for investors hit by Credit Suisse scandal

ZURICH: Swiss banking giant UBS said Monday it would set aside $900 million to help compensate investors who took a...

Published 17 Jun, 2024 05:16pm

Business & Finance

UBS and Credit Suisse’s Swiss units could merge by July 1, executive says

ZURICH: The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior...

Published 11 Jun, 2024 12:30pm

Markets

Oil steadies as OPEC+ restraint balances interest rate concerns

LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2...

Updated 28 May, 2024 04:38pm

Markets

European stocks end lower as rate worries resurface

PARIS: European stocks ended lower on Friday and down for the week, as signs of persistent US price pressures and a...

Published 25 May, 2024 06:33am

Business & Finance

UBS back in profit after Credit Suisse takeover losses

ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far...

Published 07 May, 2024 12:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 13	283
USD PKR Interbank Buying / Jun 13	282.75
USD to Japanese Yen / Jun 14	144.07
USD to Swiss Franc / Jun 14	0.81
Pound Sterling to USD / Jun 14	1.36
Euro to USD / Jun 14	1.15
UK LIBOR % / Jun 14	4.96

Stock	Volume
S&P 500 / Jun 14	5,976.97
India Sensex / Jun 14	81,118.60
Tokyo Nikkei / Jun 14	37,834.25
Nasdaq / Jun 14	19,406.83
Hang Seng / Jun 14	23,892.56
FTSE 100 / Jun 14	8,850.63
Dow Jones / Jun 14	42,197.79
Germany DAX 30 / Jun 14	23,516.23
France CAC40 / Jun 14	7,784.68

Item	Value
Petrol/Litre / Jun 14	253.63
Crude Oil USD/Barrel / Jun 14	72.98
Karachi Cotton PKR/37.32 KG / Jun 14	16,485
Gold 10 Grams PKR / Jun 14	310,007
Gold Spot USD/Ounce / Jun 14	3,432.34
Diesel/Litre / Jun 14	254.64
Cotton US¢/pound / Jun 14	67.84

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	2.93 ▲ 1 (51.81%)
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	3.06 ▲ 0.94 (44.34%)
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	3.39 ▲ 1 (41.84%)
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	2.71 ▲ 0.58 (27.23%)
Invest Bank / Jun 13 Invest Capital Investment Bank Limited(ICIBL)	7.11 ▲ 1 (16.37%)
Unicap Modaraba / Jun 13 Unicap Modaraba(UCAPM)	3.65 ▲ 0.48 (15.14%)
First Dawood Prop. / Jun 13 First Dawood Properties Limited(FDPL)	3.56 ▲ 0.36 (11.25%)
Ashfaq Textile / Jun 13 Ashfaq Textile Mills Limited(ASHT)	25.70 ▲ 2.34 (10.02%)
AN Textile Mills / Jun 13 AN Textile Mills Limited(ANTM)	15.49 ▲ 1.41 (10.01%)
Shadman Cotton / Jun 13 Shadman Cotton Mills Limited(SHCM)	47.38 ▲ 4.31 (10.01%)

Stock	Price
Shaheen Ins. / Jun 13 Shaheen Insurance Company Limited(SHNI)	4.75 ▼ -0.65 (-12.04%)
Trust Sec.& Brok. / Jun 13 Trust Securities & Brokerage Limited(TSBL)	12.20 ▼ -1.36 (-10.03%)
First Elite Cap.Mod / Jun 13 First Elite Capital Modaraba(FECM)	37.98 ▼ -4.22 (-10%)
Khyber Textile / Jun 13 Khyber Textile Mills Limited(KHYT)	1,794.55 ▼ -199.39 (-10%)
PIA Holding Co.B / Jun 13 PIA Holding Company Limited B(PIAHCLB)	18,889.10 ▼ -2098.79 (-10%)
F.Credit & Inv / Jun 13 First Credit and Investment Bank Limited(FCIBL)	11.23 ▼ -1.24 (-9.94%)
Arctic Textile / Jun 13 Arctic Textile Mills Limited(ARCTM)	39.72 ▼ -4.26 (-9.69%)
Crescent Cotton / Jun 13 Crescent Cotton Mills Limited(CCM)	50.41 ▼ -5.4 (-9.68%)
Shahtaj Textile / Jun 13 Shahtaj Textile Limited(STJT)	78.62 ▼ -8.32 (-9.57%)
Hala Enterprise / Jun 13 Hala Enterprises Limited(HAEL)	30.69 ▼ -3.23 (-9.52%)

Stock	Volume
Pervez Ahmed Consultancy / Jun 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	116,655,242 ▲ 1
WorldCall Telecom / Jun 13 Worldcall Telecom Limited(WTL)	100,891,108 ▲ 0.08
Ist.Capital Sec / Jun 13 First Capital Securities Corporation(FCSC)	85,324,384 ▲ 0.94
PIA Holding Co.Ltd / Jun 13 PIA Holding Company Limited(PIAHCLA)	30,960,243 ▲ 0.62
B.O.Punjab / Jun 13 The Bank of Punjab(BOP)	27,555,139 ▼ -0.26
Kohinoor Spining / Jun 13 Kohinoor Spinning Mills Limited(KOSM)	27,294,482 ▲ 0.17
Media Times Ltd / Jun 13 Media Times Limited(MDTL)	27,189,737 ▲ 0.58
Cnergyico PK / Jun 13 Cnergyico PK Limited(CNERGY)	26,834,469 ▼ -0.35
First Prudential Mod. / Jun 13 First Prudential Modaraba(PMI)	23,063,464 ▲ 1
Sui South Gas / Jun 13 Sui Southern Gas Company Limited(SSGC)	21,700,047 ▼ -0.4

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