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Time of India
03-05-2025
- Business
- Time of India
Sunteck Realty's net profit declines 50.28% in Q4 FY25
NEW DELHI: Sunteck Realty has reported a decline of 50.28 per cent in its net consolidated profit during the quarter ended March 31, 2025. Its profit after tax stood at Rs 50.38 crore in Q4 FY25 as against Rs 101.33 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at Rs 217.83 crore in Q4 FY25, a drop of 49.92 per cent from Rs 434.99 crore it recorded in the similar quarter last year. The board of directors recommended final dividend at 150% of Rs 1.50 per equity share of the face value of Re 1 each to the shareholders for the financial year ended March 31, 2025. The board also approved the enabling resolution for raising of funds for an overall limit of upto Rs 2,250 crore by various modes including: non-convertible debt of upto Rs 1,500 crore by way of private placement in one or more tranches and equity shares and/or any other securities convertible into equity shares of upto Rs 750 crore in one or more tranches. It reported pre-sales of Rs.2,531 crore registering a growth of 32% year-on-year as against Rs.1,915 crore in FY24 while collections stood at Rs.1,255 crore for FY25, as against Rs.1,236 crore for FY24.
Business Recorder
01-05-2025
- Business
- Business Recorder
Gold prices drop significantly
KARACHI: Gold prices saw a significant drop on Wednesday, as the global market receded below $3,300 per ounce, traders said. The precious metal lost Rs3,400 and Rs2,915, reaching Rs345,800 per tola and Rs296,467 per 10 grams, respectively, All Pakistan Sarafa Gems and Jewelers Association said. Domestic silver prices fell by Rs70 and Rs50, settling at Rs3,427 per tola and Rs2,938 per 10 grams, respectively, the association added. International market registered a noticeable decline by $34, bringing down the gold bullion value to $3,276 per ounce while silver was selling for over $32 per ounce. Copyright Business Recorder, 2025
Express Tribune
30-04-2025
- Business
- Express Tribune
Gold loses Rs3,400/tola
Listen to article Gold prices in Pakistan slipped on Wednesday, mirroring a decline in international markets, as the precious metal continued to trade within a narrow range amid mixed market signals. In the domestic market, gold dropped by Rs3,400 per tola to settle at Rs345,800, while the 10-gram rate fell by Rs2,915 to Rs296,467, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Internationally, gold prices also retreated, with the rate falling by $34 to $3,276 per ounce (inclusive of a $20 premium). Silver prices in Pakistan were not spared either, slipping by Rs70 per tola to Rs3,427. Analysts say gold remains range-bound due to conflicting forces in play. "Gold is currently oscillating between strong support at the $3,26070 zone and resistance around $3,360-80," said Adnan Agar, Director at Interactive Commodities. "The market lacks momentum and is stuck in this band. A breakout on either side could trigger decisive movement." He pointed out that escalating geopolitical tensionssuch as developments in the US-China trade war or any worsening of India-Pakistan relationscould push prices higher. Conversely, signs of de-escalation or trade resolution could exert downward pressure. Meanwhile, the State Bank of Pakistan (SBP) raised a total of Rs882.66 billion through two auctions held on April 30, 2025. In the Pakistan Investment Bond - Floating Rate (PFL) Semi-Annual Auction, SBP accepted bids worth Rs320.66 billion, with Rs93.05 billion raised for 5-year bonds and Rs227.61 billion for 10-year bonds. No bids were accepted for the 2-year tenor. For the Market Treasury Bills (MTBs) Auction, SBP raised Rs562 billion across four tenors: Rs65.18 billion for 1-month, Rs151.66 billion for 3-month, Rs99.42 billion for 6-month, and Rs245.74 billion for 12-month bills. Combined, these auctions successfully mobilised Rs882.66 billion, reflecting strong investor participation in government debt instruments. The Pakistani rupee recorded a slight gain against the US dollar on Wednesday, rising by 0.02% in the interbank market. By the end of the trading session, the rupee closed up 5 paisa settling at 280.97 against the dollar, compared to 281.02 on Tuesday. Globally, the US dollar remained stable during the day but was on track for its worst monthly performance since November 2022, as unpredictable trade policies under President Donald Trump created pressure on the greenback while benefiting currencies like the euro, yen, and Swiss franc.
Business Recorder
30-04-2025
- Business
- Business Recorder
Gold price per tola falls Rs3,400 in Pakistan
Gold prices in Pakistan declined on Wednesday, in line with their decrease in the international market. In the local market, gold price per tola reached Rs345,800 after it shed Rs3,400. Similarly, 10-gram gold was sold at Rs296,467 after it registered a decrease of Rs2,915, as per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The international rate of gold also declined on Wednesday. As per APGJSA, the rate was at $3,276 per ounce (with a premium of $20), a decrease of $34 during the day. Silver price per tola decreased by Rs70 to settle at Rs3,427 in Pakistan. On Tuesday, gold price per tola gained Rs2,100 to settle at Rs349,200.
Zawya
27-02-2025
- Business
- Zawya
Dubai real estate market sees first price drop in two years
Dubai real estate prices fell by 0.57% in January 2025 – the first decline since summer 2022 – signalling a market shift towards stabilisation, according to leading real estate intelligence authority Property Monitor. While the first month of 2025 was the strongest January on record for transactions with 14,413 sales, average prices dropped to AED1,484 per sq ft. Sales volumes were down 4.6% compared to December 2024, stated Property Monitor in its monthly market report. Off plan launches continued to soar in January, with 53 launches from 37 developers bringing another 12,400 units to the market. Mortgage transactions also rose 6.8% month on month, with 4,134 loans secured. Loan to value (LTV) ratios also held steady despite stricter enforcement of UAE Central Bank regulations, it stated. Zhann Jochinke, the Chief Operating Officer, Property Monitor, said: "After four years of continuous growth, Dubai's real estate market is starting to show signs of stabilisation. While the total number of transactions remains strong, affordability constraints and market maturity are beginning to shape the landscape." "With sales volumes and mortgage transactions moderating, Dubai's property sector could be transitioning from a continued phase of rapid growth to a more sustainable trajectory. A careful balance of supply and demand will determine the future of the market in 2025 and beyond," he added. The Property Monitor January report shows that the median price for apartments was AED1.35 million with townhouses at AED2,61,000 and villas at AED6,915,888. With 7,555 transactions, the off-plan market accounted for 52% of sales during January, down 17.7% on December 2024, it stated. Meanwhile, the title deed sales saw a marked month-on-month increase, rising by 15.7% and accounting for 47.6% of sales. According to Property Monitor, Emaar Properties claimed the top spot for off-plan transactions, with a market share of 16.5%, followed by Damac Properties at 15.8% and Danube Properties at 5.3%. A villa in Emirates Hills secured the highest recorded sale, with a price tag of AED425 million. The lowest, at AED175,000 was for a studio apartment at Dubai Production City, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
