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China shares fall on central bank's prudent policy assurance; HK gains Aug

In Hong Kong, technology shares led the gains, with the Hang Seng TECH Index moving up 1.37%

Published 10 Aug, 2021 10:27am

Markets

Oil slides more than 2pc on China’s virus curbs, strong dollar

NEW YORK: Oil prices fell more than 2% on Monday, extending last week’s steep losses on the back of a rising US...

Published 10 Aug, 2021 04:39am

Markets

China stocks rise on hopes of policy easing; HK gains

China's banking and real estate indexes rebounded sharply, jumping 3.2% and 6.7% respectively

Published 09 Aug, 2021 10:14am

Markets

European stocks steady after Delta fuels global rout

LONDON: European stocks were steady but oil prices dipped further Tuesday after a global rout fuelled largely by ...

Published 21 Jul, 2021 01:51am

Business & Finance

Big banks seek to curb ‘speculative’ planned UK forex class action

LONDON: A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is...

Published 19 Jul, 2021 06:17am

Business & Finance

Trio of US banks post strong profits

NEW YORK: A trio of US banks reported strong profits Wednesday, boosted by the improved credit quality outlook...

Published 15 Jul, 2021 04:03am

Markets

Tesla lifts Wall Street to close at record highs

The S&P 500 has rallied about 17% so far this year, with some investors questioning how long Wall Street's rally may last and concerned about a potential downturn.

Updated 13 Jul, 2021 01:12am

Business & Finance

Banks tighten grip on FX market as algo trading rises

LONDON: Top global banks consolidated their stranglehold on the $6.6 trillion a day global foreign exchange market...

Published 12 Jul, 2021 05:26am

Business & Finance

Britain carves out exemption for gold clearing banks from Basel III rule

LONDON: Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January...

Published 11 Jul, 2021 04:01am

Pakistan tops up March bonds to the tune of $1bn

Pakistan sold $300 million of a tranche due in 2026 at 5.875%; $400 million in bonds maturing in 2031 at 7.125%; and $300 million in paper due in 2051 at 8.45%

Updated 07 Jul, 2021 04:37pm

Business & Finance

Credit Suisse poaches Morgan Stanley banker for global industrials

The appointment comes amid efforts by Switzerland's second-largest bank to retain staff after the Greensill Capital and Archegos Capital Management scandals hammered its share price and set off a wave of departures.

Updated 06 Jul, 2021 09:35pm

Business & Finance

US banks reward shareholders after Fed greenlight

NEW YORK: Some of the United States' biggest banks announced Monday they would pay tens of billions of dollars to...

Published 30 Jun, 2021 03:54am

Markets

Dye & Durham appoints JPMorgan, Scotiabank as advisers for strategic review

There can be no assurance that the exploration of strategic alternatives will result in a transaction

Published 25 Jun, 2021 10:17am

Markets

Copper rises from 10-week low ahead of Fed testimony

Benchmark copper on the London Metal Exchange (LME) reached a record high of $10,747.50 a tonne in May but fell 8.6pc last week and touched a low of $9,011 a tonne on Monday.

Published 22 Jun, 2021 11:08pm

World

Turkey easing coronavirus restrictions further on July 1

From July 1, lockdowns that had been imposed on Sundays and curfews after 1900 GMT on weekdays would be lifted, Erdogan announced following a Cabinet meeting.

Published 21 Jun, 2021 11:58pm

Markets

More US finance giants tiptoe into cryptoassets

NEW YORK Investing in bitcoin and other digital currencies remains a risky game where the rules could change...

Published 14 Jun, 2021 03:39am

JP Morgan expects ‘100bps policy rate hike later this year’

ISLAMABAD: There have been some positive developments on the economic front in Pakistan, but challenges including...

Published 11 Jun, 2021 03:41am

Markets

Australia, NZ dollars return to range prison after breakout fails

He also expects another round of bond buying, though smaller than the current A$100 billion package which ends in September.

Published 08 Jun, 2021 10:58am

Business & Finance

JPMorgan resumes political giving, freezes out Republicans who contested 2020 election

WASHINGTON: JPMorgan Chase & Co will resume making political donations to US lawmakers but will not give to...

Published 05 Jun, 2021 04:08am

Business & Finance

US jobless claims drop; economic recovery gaining speed

WASHINGTON: The number of Americans filing new claims for unemployment benefits dropped more than expected last week...

Published 28 May, 2021 04:08am

Markets

Goldman Sachs obtains China license for asset management venture

NEW YORK: Goldman Sachs said Tuesday it won preliminary approval from Chinese regulators for a wealth management...

Published 26 May, 2021 03:45am

Business & Finance

Abu Dhabi sells $2bn in bonds

DUBAI: Abu Dhabi sold $2 billion in seven-year bonds on Tuesday in its first foray into the international debt...

Published 26 May, 2021 03:45am

Markets

Abu Dhabi sets initial price guidance for 7-year dollar bonds

Citi, First Abu Dhabi Bank, HSBC, JPMorgan and Standard Chartered are joint lead managers and joint bookrunners

Published 25 May, 2021 12:22pm

Wapda hires banks for green bonds

DUBAI: Pakistan Water and Power Development Authority has hired banks to arrange investor calls from Monday for...

Published 25 May, 2021 04:40am

Business & Finance

Big US banks look for post-pandemic rebound of credit card revenue

NEW YORK: Big US banks are prepared for credit-card balances to start ticking up again this year as pandemic...

Published 25 May, 2021 04:40am

Markets

Oil jumps on weather concerns in Gulf of Mexico

• Market braces for extra 1m bpd Iran supplies in H2 NEW YORK: Oil prices jumped 2% on Friday after three days of...

Published 22 May, 2021 04:05am

Markets

Bitcoin slips below $40,000 as recovery fades

But Societe Generale questioned the comparison on Thursday: "Bitcoin has clearly 'outshone' gold both to the upside and now also to the downside. But with such a gap in volatility and amplitude, does it make sense to compare the two assets at all?"

Published 21 May, 2021 02:16pm

Markets

Emirates NBD hires banks for AT1 dollar bonds

Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, HSBC, NCB Capital and Standard Chartered will arrange fixed-income investor calls starting on Tuesday.

Published 18 May, 2021 12:33pm

JPMorgan Chase staff to return to office in July

NEW YORK: Citing the increased preponderance of Covid-19 vaccinations in the United States, JPMorgan Chase told US...

Updated 28 Apr, 2021 10:09am

Markets

Bitcoin extends gain on reports of JPMorgan fund

The cryptocurrency had slumped almost a fifth from its all-time high hit earlier this month.
It was last up 9.5% at $53,792.0 after touching its lowest since early March on Sunday. Other major coins ethereum and XRP, which tend to move in tandem with bitcoin, were up around 7.7% and 20.4% respectively.

Published 26 Apr, 2021 08:49pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
Dow Jones / May 17	40003.59
Tokyo Nikkei / May 20	39197.34
Hang Seng / May 20	19650.18
FTSE 100 / May 20	8442.03
Germany DAX 30 / May 20	18754.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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