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UBS

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

Markets

China stocks rise as sentiment improves

SHANGHAI: Mainland China stocks ended higher on Thursday and Hong Kong closed at a five-month high, as sentiment...

Published 26 Apr, 2024 04:15am

Markets

China stocks higher as investors gauge US rate outlook

SHANGHAI: China stocks closed up on Wednesday and tracked global peers higher as market sentiment was buoyed by...

Published 25 Apr, 2024 03:05am

Markets

STOXX 600 falls on banks drag; tech contains losses on ASMI boost

PARIS: Europe’s benchmark stock index dropped on Wednesday as financials sagged on disappointing earnings from...

Published 25 Apr, 2024 03:05am

Markets

US crude futures climb back into positive territory

HOUSTON: US crude futures returned to positive territory on Monday after falling on easing fears of a wider Mideast...

Published 23 Apr, 2024 03:41am

Business & Finance

Five waves of UBS layoffs to start in June

VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse...

Updated 22 Apr, 2024 09:25am

Business & Finance

UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023

ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over...

Published 28 Mar, 2024 01:40pm

Business & Finance

UBS sells $8bn of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...

Published 28 Mar, 2024 07:20am

Business & Finance

UBS sells $8 billion of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,...

Published 27 Mar, 2024 01:29pm

Business & Finance

UBS to boost Asia-sourced assets to 20% in five to six years, CEO says

HONG KONG: UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20% in five-six...

Published 26 Mar, 2024 02:18pm

Life & Style

Big hotel chains and unbranded-hotel owners find they need each other

NEW YORK: Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as...

Published 25 Mar, 2024 03:49pm

Markets

China stocks fall as Country Garden drags property developers lower

SHANGHAI: China stocks closed down on Wednesday, dragged by property developers as Country Garden missed a coupon...

Published 14 Mar, 2024 03:00am

Business & Finance

UBS posts $279-mn Q4 net loss after Credit Suisse takeover

ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid...

Published 06 Feb, 2024 12:04pm

Business & Finance

UniCredit vows to match 2023 income after beating forecast

MILAN: UniCredit pledged to match its 2023 income this year despite a toughening backdrop and said it would pay out...

Published 05 Feb, 2024 01:37pm

Business & Finance

UBS unveils big branding push after Credit Suisse takeover

ZURICH: UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions...

Published 23 Jan, 2024 02:33pm

Markets

China stocks rebound from 5-year lows

SHANGHAI: China stocks closed up after touching their lowest in nearly five years, as some exchange-traded funds(E...

Published 19 Jan, 2024 05:37am

Markets

Oil prices rise on global demand forecasts

NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in...

Published 19 Jan, 2024 05:37am

Business & Finance

UBS nominates Australian banking executive to board

ZURICH: UBS has nominated Australian financial executive Gail Kelly to its board, the Swiss bank said on Friday,...

Published 12 Jan, 2024 12:07pm

Markets

Gold headed for best year since 2020

BENGALURU: Gold edged up on Friday as it looked set to mark its best year in three, supported by expectations that...

Published 31 Dec, 2023 03:04am

Business & Finance

China’s yuan firmer

SHANGHAI: China’s yuan firmed against a weakening US dollar on Thursday, as the dollar index fell in late session...

Published 29 Dec, 2023 02:58am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Petrol/Litre / May 15	288.49
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Diesel/Litre / May 15	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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