Trends - Saudi Arabia - Business Recorder

Saudi Arabia

Trump met Israeli Strategic Affairs Minister Dermer on Thursday, Axios reports

WASHINGTON: U.S. President Donald Trump met Israeli Strategic Affairs Minister Ron Dermer on Thursday and discussed...

Published 09 May, 2025 08:36am

World

Saudi Arabia’s flynas plans to kick off IPO this month

RIYADH: Saudi Arabian budget airline flynas backed by billionaire Prince Alwaleed Bin Talal is planning to start a...

Published 05 May, 2025 09:41pm

World

Saudi Arabia reports deficit of $15.65 billion in Q1 2025, finance ministry says

Saudi Arabia reported a fiscal deficit of 58.701 billion riyals ($15.65 billion) in the first quarter of 2025, as...

Published 05 May, 2025 06:10pm

Markets

Saudi Arabia raises Arab Light June OSP for Asia

Saudi Arabia, the world’s top oil exporter, increased its prices for Asian buyers despite crude prices falling on...

Published 05 May, 2025 05:24pm

Business & Finance

Saudi Arabia’s non-oil business sector growth eases in April, PMI shows

Saudi Arabia’s non-oil private sector activity expansion slowed in April as growth in new orders decelerated...

Published 05 May, 2025 12:04pm

World

Trump says he has had good discussions on Russia and Ukraine

WASHINGTON:U.S. President Donald Trump said on Sunday he and his advisers have had some good discussions about...

Published 05 May, 2025 07:38am

World

Saudi Arabia executed 100 people in 2025 so far

DUBAI: Saudi Arabia executed two people convicted of terrorism related charges, the interior ministry said Saturday,...

Published 04 May, 2025 05:49am

Pakistan

PM urges brotherly states to help ease tensions in region

ISLAMABAD: Prime Minister Shehbaz Sharif launched a diplomatic charm offensive on Friday, holding consecutive...

Published 03 May, 2025 06:07am

Pakistan

PM Shehbaz urges friendly countries to impress upon India to de-escalate, defuse tensions

Premier meets ambassadors of Saudi Arabia, UAE, and Kuwait

Updated 02 May, 2025 10:36pm

World

Saudi wealth fund PIF Expects to raise $1.25bn from 7-year sukuk

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, expects to raise $1.25 billion from sale of U.S....

Published 30 Apr, 2025 07:32pm

World

China’s Sinopec partners with Saudi Aramco’s unit in $4 billion JV

China’s state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint...

Updated 28 Apr, 2025 05:36pm

Life & Style

Saudi’s Jeddah old town regains glory as the Grand Prix lures tourists

JEDDAH: When Saudi Arabia’s Red Sea port of Jeddah hosted Formula One star Lewis Hamilton and US singer Jennifer...

Published 28 Apr, 2025 03:11pm

World

Saudi Arabia, Qatar to settle Syria’s World Bank debt

RIYADH: Saudi Arabia and Qatar announced on Sunday that they would settle Syria’s debt to the World Bank totalling...

Published 27 Apr, 2025 09:16pm

World

Trump’s next 100 days to feature trade deals, peace talks, ‘torpedoes,’ officials say

WASHINGTON: President Donald Trump and his administration this week will highlight the accomplishments of his first...

Published 27 Apr, 2025 10:49am

Business & Finance

Saudi Arabia reports record non-oil exports of $137bn in 2024

RIYADH: Saudi Arabia’s non-oil exports reached an all-time high of 515 billion riyals ($137.29 billion) in 2024,...

Published 27 Apr, 2025 05:46am

World

Trump poised to offer Saudi Arabia over $100 billion arms package, sources say

WASHINGTON/RIYADH: The United States is poised to offer Saudi Arabia an arms package worth well over $100 billion,...

Published 25 Apr, 2025 07:39am

World

Saudi flyadeal confirms order for 10 Airbus A330neo jets

Saudi budget carrier flyadeal on Wednesday confirmed a deal to order 10 Airbus A330neo wide-body passenger jets as...

Published 23 Apr, 2025 04:52pm

Business & Finance

Madina to Wall Street: World’s first Shariah-compliant ESG Index launches

Agreement merges Islamic finance principles with contemporary Environmental, Social, and Governance (ESG) standards

Updated 22 Apr, 2025 06:03pm

World

Indian PM Modi visits Saudi Arabia to bolster ties

JEDDAH: India’s Prime Minister Narendra Modi arrives in Saudi Arabia’s Jeddah on Tuesday for his third visit as...

Published 22 Apr, 2025 01:01pm

Markets

Gulf issuers plan more debt sales, undeterred by recent market turmoil

DUBAI: Gulf issuers, including Saudi Arabia’s $925 billion sovereign wealth fund, are working on a round of bond...

Published 21 Apr, 2025 05:35pm

Editorials

The great exodus

EDITORIAL: In the first quarter of 2025 alone, a staggering 172,000 Pakistanis left the country seeking employment...

Published 19 Apr, 2025 06:40am

World

Bangladesh model accused of blackmailing Saudi envoy

DHAKA: Bangladesh police said Thursday a former beauty queen arrested this month had attempted to honey-trap the...

Published 17 Apr, 2025 05:55pm

Markets

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US

Updated 15 Apr, 2025 10:09pm

World

Saudi Arabia plans to pay off Syria’s World Bank debts

BEIRUT/AMMAN: Saudi Arabia plans to pay off Syria’s debts to the World Bank, three people familiar with the matter...

Published 14 Apr, 2025 06:33pm

Pakistan

Pakistan’s remittances surge 37% YoY in March, cross $4bn mark for first time

Experts warn that the momentum may not be sustained

Updated 14 Apr, 2025 02:12pm

World

Saudi Arabia, US on ‘pathway’ to civil nuclear agreement

RIYADH: The United States and Saudi Arabia will sign a preliminary agreement to cooperate over the kingdom’s...

Published 14 Apr, 2025 05:20am

World

Saudi Aramco, Sinopec to expand Yasref petrochemicals complex

DUBAI: Saudi Aramco has signed a deal with China’s Sinopec to expand a petrochemicals complex operated by their...

Published 09 Apr, 2025 03:16pm

Markets

Gulf bourses rebound in line with global shares

DUBAI: Stock markets in the Gulf ended higher on Tuesday, rebounding from a global selloff on hopes that the US ...

Published 09 Apr, 2025 05:46am

World

Saudi Arabia’s foreign minister in US to plan Trump visit

RIYADH: Saudi Arabia’s foreign minister arrived in the United States on Tuesday for an official visit aimed at...

Published 08 Apr, 2025 08:09pm

Budget 2025-26

Travel ban will come into effect from 13th: KSA revises visa policies for travellers from Pakistan, India, 12 other states

ISLAMABAD: In a surprise move, Kingdom of Saudi Arabia (KSA) has revised its visa policies for travellers from 14...

Published 08 Apr, 2025 11:04am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.15
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 8	4.96

Stock	Volume
S&P 500 / May 8	5,663.94
Nasdaq / May 8	17,928.14
FTSE 100 / May 8	8,531.61
Dow Jones / May 8	41,368.45
Germany DAX 30 / May 8	23,352.69
France CAC40 / May 8	7,694.44
India Sensex / May 9	79,496.11
Tokyo Nikkei / May 9	37,503.33
Hang Seng / May 9	22,833.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 8	16,985
Gold 10 Grams PKR / May 8	302,383
Petrol/Litre / May 9	252.63
Crude Oil USD/Barrel / May 9	60.39
Gold Spot USD/Ounce / May 9	3,326.57
Diesel/Litre / May 9	256.64
Cotton US¢/pound / May 9	66.46

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.24 ▲ 0.42 (23.08%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.19 ▲ 0.76 (17.16%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.27 ▲ 0.46 (16.37%)
UDL International / May 9 UDL International Limited(UDLI)	7 ▲ 0.75 (12%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.30 ▲ 0.51 (10.65%)
LSE Ventures / May 9 LSE Ventures Limited(LSEVL)	9.75 ▲ 0.93 (10.54%)
Tri-Star Power / May 9 Tri-Star Power Limited(TSPL)	5.70 ▲ 0.53 (10.25%)
Olympia Mills / May 9 Olympia Mills Limited(OML)	46.15 ▲ 4.2 (10.01%)
Khyber Textile / May 9 Khyber Textile Mills Limited(KHYT)	734.88 ▲ 66.81 (10%)
S.S.Oil / May 9 S.S.Oil Mills Limited(SSOM)	570.91 ▲ 51.9 (10%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	26.40 ▼ -5.68 (-17.71%)
F.Credit & Inv / May 9 First Credit and Investment Bank Limited(FCIBL)	6.90 ▼ -0.99 (-12.55%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
786 Invest Ltd / May 9 786 Investments Limited(786)	6.70 ▼ -0.9 (-11.84%)
Aruj Industries / May 9 Aruj Industries Limited(ARUJ)	7.09 ▼ -0.89 (-11.15%)
Nimir Resins / May 9 Nimir Resins Limited(NRSL)	29.68 ▼ -3.3 (-10.01%)
Kohinoor Mills / May 9 Kohinoor Mills Limited(KML)	26.46 ▼ -2.94 (-10%)
Bilal Fibres / May 9 Bilal Fibres Limited(BILF)	19.44 ▼ -2.16 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	30,880,568 ▲ 0.03
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	14,539,629 ▼ -2.67
B.O.Punjab / May 9 The Bank of Punjab(BOP)	10,097,719 ▲ 0.09
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	8,688,576 ▼ -1.34
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	8,301,174 ▼ -0.14
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	7,898,278 ▼ -1.76
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	7,211,738 ▼ -0.08
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	5,892,050 ▲ 3.91
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	5,775,320 ▼ -0.05
Hascol Petrol / May 9 Hascol Petroleum Limited(HASCOL)	5,768,496 ▲ 0.08

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