Middle East

Joblessness among Saudis falls to 8% in fourth quarter

DUBAI: Unemployment in Saudi Arabia among citizens fell to 8% in the fourth quarter of 2022, decreasing from 9.9%...

Published 30 Mar, 2023 06:38pm

Stocks

Most major Gulf bourses poised for weekly gain on firmer oil

Most major Gulf stock markets closed higher on Thursday, in line with global peers and firmer oil prices, amid...

Published 30 Mar, 2023 06:32pm

Middle East

UAE president names son as crown prince, presumed future leader

DUBAI: The United Arab Emirates’ president named his eldest son as crown prince of Abu Dhabi late on Wednesday,...

Published 30 Mar, 2023 02:33pm

Middle East

Israeli strikes near Damascus wound two soldiers: Syria

DAMASCUS: Israel carried out missile strikes near Damascus early Thursday that wounded two soldiers, Syria’s defence...

Published 30 Mar, 2023 12:46pm

Middle East

Lebanon airport expansion sparks transparency concerns

BEIRUT: Civil society organisations and lawmakers in crisis-hit Lebanon have raised concerns over the awarding of a...

Published 30 Mar, 2023 06:35am

Middle East

Netanyahu tells Biden democracy summit that US-Israel alliance ‘unshakable’

WASHINGTON: Israeli Prime Minister Benjamin Netanyahu said Wednesday the alliance with the United States was...

Published 29 Mar, 2023 05:34pm

Middle East

Saudi, Iranian foreign ministers to meet during Muslim holy month

Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, have...

Published 27 Mar, 2023 10:56am

Middle East

Tehran condemns US strikes on Iran-linked groups

TEHRAN: Tehran has condemned US airstrikes on Iran-linked forces in Syria that reportedly killed 19 people, which...

Published 27 Mar, 2023 06:59am

Middle East

Israel’s Netanyahu sacks defence minister who opposed judicial overhaul

OCCUPIED JERUSALEM: Israeli Prime Minister Benjamin Netanyahu on Sunday dismissed Defence Minister Yoav Gallant ...

Published 27 Mar, 2023 07:09am

Middle East

'Great misery': Kuwait political crisis drags down economy

DUBAI: A seemingly never-ending political crisis is plunging oil-rich Kuwait’s economy into the mire, affecting...

Updated 26 Mar, 2023 11:33am

Middle East

Death toll from US strikes on pro-Iran installations in Syria rises to 19 fighters, says Syrian war monitor

The death toll in US air strikes on pro-Iran installations in eastern Syria has risen to 19 fighters, the Syrian...

Published 25 Mar, 2023 12:50pm

Stocks

UAE equities extend losses on ex-dividend stocks, bearish mood

Stock markets in the United Arab Emirates extended their losses on Friday, pulled lower by a slew of stocks trading...

Published 24 Mar, 2023 05:49pm

Middle East

‘Sea change’: disruptive Saudi prince shows new pragmatism with Iran

RIYADH: Saudi Crown Prince Mohammed bin Salman once compared Iran’s supreme leader to Hitler, but has now green-lit...

Published 24 Mar, 2023 11:06am

Stocks

Most Gulf markets end lower as oil prices drop; Egypt up

Most Gulf stock markets ended lower on Thursday, as oil prices declined after Federal Reserve Chair Jerome Powell...

Published 23 Mar, 2023 08:52pm

Middle East

Saudi, Iranian foreign ministers to meet to pave way to re-open embassies

DUBAI: Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian,...

Published 23 Mar, 2023 10:50am

Middle East

Israeli air strike targets Syria’s Aleppo airport vicinity

CAIRO/AMMAN: An Israeli air strike targeted the vicinity of Syria’s Aleppo airport causing some “material damage” to...

Published 22 Mar, 2023 12:54pm

Middle East

Saudi announces Ramadan to start Thursday

RIYADH: Saudi Arabia, home of the holiest shrines in Islam in Mecca and Medina, has announced that the fasting month...

Published 21 Mar, 2023 11:45pm

Middle East

Khamenei says Iran not ‘upset’ with Europeans

MASHHAD: Iran’s supreme leader on Tuesday said the Islamic republic is not “upset” with European nations and is...

Published 21 Mar, 2023 09:24pm

Stocks

Most Gulf bourses end lower as oil prices drop; Egypt rises

Most Gulf stock markets ended lower on Monday, as oil prices hit their lowest since 2021 on concerns that the...

Published 20 Mar, 2023 07:41pm

Middle East

Assad arrives in UAE

DUBAI: Syrian President Bashar al-Assad met Sunday with Emirati leaders in Abu Dhabi, his second Gulf visit since...

Published 20 Mar, 2023 06:12am

Middle East

Iran’s Raisi ‘welcomes’ invitation by Saudi king: official

TEHRAN: Iranian President Ebrahim Raisi has favourably received an invitation from Saudi Arabia’s King Salman to...

Published 19 Mar, 2023 08:34pm

Middle East

Iraq, Iran sign deal to tighten border security

BAGHDAD: Iraq and Iran signed a border security agreement on Sunday, a move Iraqi officials said aimed primarily at...

Published 19 Mar, 2023 07:23pm

Middle East

Iraq in final stages of talks on $27bn TotalEnergies deal, says minister

Talks between French oil major TotalEnergies and Iraq to resolve sticking points in a long-delayed $27 billion...

Published 19 Mar, 2023 05:34pm

Middle East

Syria’s Assad arrives in UAE in official visit

DUBAI: Syrian President Bashar al Assad arrived in the United Arab Emirates (UAE) on Sunday for an official visit,...

Published 19 Mar, 2023 04:28pm

Stocks

UAE shares rebound as fears of banking crisis ease

Stock markets in United Arab Emirates rebounded on Friday as fears of a global banking crisis subsided after U.S....

Published 17 Mar, 2023 05:40pm

Middle East

Saudi officials downplay risks to global bank sector

RIYADH: Saudi finance officials on Thursday downplayed risks to the global banking sector after days of market...

Published 16 Mar, 2023 09:02pm

Middle East

Top UAE and Iran security officials meet after Riyadh-Tehran deal

DUBAI: The United Arab Emirates’ national security adviser held talks Thursday in Abu Dhabi with his Iranian...

Published 16 Mar, 2023 07:23pm

Middle East

UAE pledges $3mn to rebuild Palestinian town raided by settlers

DUBAI: The United Arab Emirates has pledged $3 million to support the reconstruction of a Palestinian town in the...

Published 16 Mar, 2023 05:56pm

Middle East

Assad rules out Erdogan talks till Turkiye leaves Syria

MOSCOW: Syrian President Bashar al-Assad has said he will only meet President Recep Tayyip Erdogan if Turkiye...

Published 16 Mar, 2023 04:57pm

Stocks

Most Gulf markets turn south as Credit Suisse woes roil markets

Most stock markets in the Gulf gave up early gains to end lower on Wednesday, tracking a decline in global shares,...

Published 15 Mar, 2023 07:53pm

Gainers
Losers
Leaders

Stock	Price
Soneri Bank Ltd / Mar 31 Soneri Bank Limited(SNBL)	9.28 ▲ 0.76 (8.92%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Towellers Ltd. / Mar 31 Towellers Limited(TOWL)	251.46 ▲ 17.54 (7.50%)
B.R.R.Guardian / Mar 31 B.R.R. Guardian Modaraba(BRR)	12.90 ▲ 0.86 (7.14%)
Invest Bank / Mar 31 Invest Capital Investment Bank Limited(ICIBL)	1.20 ▲ 0.08 (7.14%)
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	5.99 ▲ 0.32 (5.64%)
Sardar Chemical / Mar 31 Sardar Chemical Industries Limited(SARC)	33.75 ▲ 1.75 (5.47%)
Ghandhara Tyre / Mar 31 Ghandhara Tyre & Rubber Company Limited(GTYR)	27 ▲ 1.15 (4.45%)
Ittefaq Iron Ind / Mar 31 Ittefaq Iron Industries Limited(ITTEFAQ)	5.40 ▲ 0.22 (4.25%)

Stock	Price
Bawany Air Products / Mar 31 Bawany Air Products Limited(BAPL)	8.55 ▼ -0.95 (-10.00%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	125 ▼ -11.14 (-8.18%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Escorts Bank / Mar 31 Escorts Investment Bank Limited(ESBL)	3.12 ▼ -0.24 (-7.14%)
Shield Corp. / Mar 31 Shield Corporation Limited(SCL)	262 ▼ -20.00 (-7.09%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Fecto Cement / Mar 31 Fecto Cement Limited(FECTC)	16.01 ▼ -0.99 (-5.82%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	10.28 ▼ -0.62 (-5.69%)
St.Chart.Bank / Mar 31 Standard Chartered Bank (Pak) Ltd(SCBPL)	19.73 ▼ -1.11 (-5.33%)
Hira Textile / Mar 31 Hira Textile Mills Limited(HIRAT)	1.51 ▼ -0.08 (-5.03%)

Stock	Volume
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.13
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,152,500 ▼ -0.04
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▲ 0.01
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.01
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,417,000 ▲ 1.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▼ -0.17
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	3,416,092 ▲ 0.01
Oil & Gas Dev. / Mar 31 Oil & Gas Development Company Limited(OGDC)	3,343,193 ▼ -0.38
Bankislami Pak. / Mar 31 BankIslami Pakistan Limited(BIPL)	2,894,500 ▼ -0.10
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	2,759,000 ▲ 0.32

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.94
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 30	4050.83
Nasdaq / Mar 30	12013.47
FTSE 100 / Mar 30	7620.43
Dow Jones / Mar 30	32859.03
Germany DAX 30 / Mar 30	15522.40
France CAC40 / Mar 30	7263.37
India Sensex / Mar 31	58640.64
Tokyo Nikkei / Mar 31	28047.34
Hang Seng / Mar 31	20427.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Gold 10 Grams PKR / Mar 30	178241
Crude Oil USD/Barrel / Mar 31	74.31
Gold Spot USD/Ounce / Mar 31	1979.09
Cotton US¢/pound / Mar 31	83.42

Middle East

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