Business Recorder

Wall St rises, Dow hits record high with U.S.-Iran talks in focus

Wall Street’s main indexes rose on Friday, with the blue-chip Dow hitting a record high for the first time since the Iran war began, as investors tracked progress in talks to end the nearly three-month-old conflict ahead of the long weekend. Iran’…

#PakistanStockMarket #US #Iran

Business Recorder

Pakistan urges release of Kashmiri political prisoners, vows to protect water rights

Pakistan on Friday called for the immediate release of all Kashmiri political prisoners, human rights defenders and civil society activists detained in Indian Illegally Occupied Jammu and Kashmir (IIOJK), while also reaffirming its commitment to s…

#Diplomacy

Business Recorder

Gold price per tola remains unchanged in Pakistan

Gold prices in Pakistan remained unchanged on Friday. In the local market, the gold price per tola stood at Rs475,362 during the day. Similarly, 10-gram gold was sold at Rs407,546, according to rates shared by the All-Pakistan Gems and Jewellers S…

#GoldPrice

Business Recorder

IT, financials boost Indian shares to weekly gains

Indian equities posted weekly gains on Friday, led by IT and financial shares, as signs of progress in talks between the U.S. and Iran to end the nearly three-month-long war supported market sentiment. A senior Iranian source told Reuters that gap…

#Economy #India

Business Recorder

Pakistan, Turkiye vow enhanced collaboration in defence: ISPR

Pakistan and Turkiye have expressed their shared commitment towards enhanced collaboration in defence, aerospace innovation and emerging technologies, the military’s media wing said on Friday. According to the Inter Services Public Relations (ISPR…

#Defense #Turkiye

Business Recorder

India bond gains capped by smaller than expected RBI dividend

MUMBAI: An advance in Indian government bonds was restrained on Friday by traders paring bullish positions after a lower-than-expected surplus transfer from the Reserve Bank of India to the government brought fiscal concerns to the fore. The bench…

#Economy #India

Business Recorder

UAE equities gain as oil rallies on US-Iran uncertainty

Stock markets in the United Arab Emirates closed higher on Friday with Dubai outperforming the rest of the region, supported by rising oil prices as investors doubted the prospect of a breakthrough in U.S.-Iran peace talks. The countries remain di…

#Oil #UAE #IranUSWar

Business Recorder

Sri Lankan shares rise as utilities, real estate stocks gain

Sri Lankan shares closed higher on Friday, helped by gains in real estate, utilities and industrial stocks. The CSE All-Share index settled up 0.43% at 21,929.64. However, the index lost 4.3% for the week. SMB Finance PLC and Renuka City Hotels PL…

#Economy #SriLanka

Business Recorder

UAE considered leaving OPEC over three years, presidential adviser says

DUBAI: The UAE’s decision to leave OPEC was three years in the making and is based on its view the world is near the “autumn of the hydrocarbon age”, meaning the country needs to maximise oil revenues while it can, a senior adviser to the presiden…

#OPEC #UAE

Business Recorder

Azpilicueta to retire at end of season

Spanish defender Cesar Azpilicueta said on Friday he would retire from professional football at the end of the season, bringing the curtain down on a career spanning two decades. The 36-year-old played for Osasuna, Olympique de Marseille, Chelsea,…