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US Federal Reserve

Risk units, euro rise in Europe

LONDON: The dollar index dropped on Thursday, risk currencies rose to three-year highs and the euro continued its...

Updated 26 Feb, 2021 09:30am

Markets

Australian shares up, NZ down

SYDNEY/WELLINGTON: Australian shares closed nearly 1% firmer on Tuesday, as strength in commodities boosted market...

Published 24 Feb, 2021 05:24am

Business & Finance

Dollar springs back in Europe

LONDON: The dollar rebounded off six-week lows on Tuesday as investors’ focus shifted to how US Federal Reserve...

Updated 24 Feb, 2021 09:38am

Markets

Wall Street opens lower with Fed minutes in focus

The Dow Jones Industrial Average fell 37.1 points, or 0.12%, at the open to 31485.61.
The S&P 500 fell 14.1 points, or 0.36%, at the open to 3918.5.

Published 17 Feb, 2021 07:45pm

Markets

Futures muted ahead of retail sales data, Fed minutes

Futures: Dow flat, S&P down 0.06%, Nasdaq off 0.18%
Retail sales are estimated to rise 1.1% in January, helped by the disbursal of another round of pandemic relief checks to households at the beginning of the month.

Published 17 Feb, 2021 06:25pm

Markets

Fed eyes trouble in commercial real estate, corporate debt in 2021 stress tests

The scenarios also envision a global recession where US unemployment jumps to 10.75%, economic growth falls by 4%, and the stock market sheds 55% of its value.
The banking sector has provided critical support to the economic recovery over the past year.

Published 12 Feb, 2021 07:43pm

Markets

US MIDDAY: Gold rises

NEW YORK: Gold prices rose to a one-week high on Tuesday, as a sliding dollar and hopes of more US fiscal stimulus...

Published 10 Feb, 2021 04:12am

Business & Finance

Dollar toughens in Europe

LONDON: The dollar strengthened to two-month highs and the euro dropped below $1.20, as data pointed to an...

Updated 05 Feb, 2021 11:47pm

Markets

South Africa's rand falls as risk-off sentiment lifts dollar

The rand traded at 15.3200 against the dollar, 0.29% weaker than its previous close.
"Concerns surrounding stock over-valuations saw hedge funds reduce long positions, which triggered a bigger sell-off."

Published 28 Jan, 2021 07:39pm

Markets

South Korea, China, Taiwan fall most after Wall Street sell-off

Worries around the pace of a global recovery have supported the dollar, which in the lead up to 2021 had been falling.

Published 28 Jan, 2021 11:29am

Markets

Gold slips in Europe

LONDON/ROTTERDAM: Gold prices slipped in European trade on Wednesday as the dollar climbed, with investors’ ...

Published 28 Jan, 2021 04:40am

Markets

Long-term JGB yields rise on uncertainty over BOJ's bond purchase

The 30-year JGB yield rose one basis point to 0.655% and the 40-year JGB yield rose 0.5 basis point to 0.705%.

Published 27 Jan, 2021 02:47pm

Markets

Bond market watching for ongoing Fed reassurance on purchases

Another key component regarding the impact of higher yields will be whether they are driven by higher inflation expectations.

Published 27 Jan, 2021 02:38pm

Markets

Australia shares fall from 11-month high as big miners, energy stocks weigh

Oil Search lost more than 2% after it forecast lower output in 2021 and reported a 42% plunge in December quarter revenue.

Published 27 Jan, 2021 10:16am

Markets

Australia shares set to fall at the open; NZ gains

The local share price index futures fell 0.3%, a 76.7-point discount to the underlying S&P/ASX 200 index close.

Published 27 Jan, 2021 10:14am

Business & Finance

Early trade in New York: Dollar retreats as riskier currencies rebound

NEW YORK: The US dollar fell across the board as riskier currencies found a firmer footing on Tuesday, a day after...

Published 27 Jan, 2021 04:59am

Business & Finance

Dollar steadies, euro slips in Europe

LONDON: The dollar steadied, the euro slipped and riskier currencies remained strong on Monday, as currency markets...

Published 26 Jan, 2021 05:05am

Markets

Australian shares edge higher as miners, banks lead gains

Blue-chip gas producers Woodside Petroleum and Santos lost up to 1.3% and 0.9%, respectively.

Published 25 Jan, 2021 12:13pm

Business & Finance

Sterling slips against euro

LONDON: Sterling slipped against a strengthening euro and gained against a weaker dollar on Tuesday ahead of the...

Published 20 Jan, 2021 04:29am

Markets

Wall St flat as stimulus rally cools; Intel shines

Intel jumps on replacing CEO Bob Swan.
Exxon rises on J.P. Morgan upgrade to "overweight".
Regeneron up as US govt orders more COVID-19 therapy doses.
Indexes: Dow and S&P down 0.13%, Nasdaq flat.

Published 13 Jan, 2021 09:23pm

Markets

South Korea stocks slide on profit-taking, grim jobless data

The benchmark KOSPI fell 5.84 points, or 0.19%, to 3,120.11 by 0200 GMT, set for third straight day of losses.

Published 13 Jan, 2021 10:53am

World

Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track

After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, US central bankers now like what they see.
We have a trillion (dollars) in excess savings. We have checks coming in the mailbox. There will be enough demand" from consumers to keep the recovery on track.

Published 12 Jan, 2021 05:22pm

Markets

Gold eases as dollar recovers; Georgia elections in focus

Market participants now await the minutes of the US Federal Reserve's last policy meeting due on Wednesday, with expectations policy will remain accommodative as the economy attempts a rebound.

Published 05 Jan, 2021 09:49am

Markets

US Treasury yields 2020 drop makes way for slow grind back in 2021

Investors are also keeping a close eye on whether the Fed will reconfigure its bond purchases to cap a potential rise in long-term yields.

Published 30 Dec, 2020 12:29pm

Markets

South Korea central bank extends Fed currency swap line for another six months

The Bank of Korea had suspended dollar auctions after injecting a total $19.872 billion through six separate auctions.

Published 17 Dec, 2020 11:22am

Markets

Australia shares set to open higher as miners poised to ride iron ore rally

The local share price index futures rose 0.4%, a 26.8-point premium to the underlying S&P/ASX 200 index close.

Published 17 Dec, 2020 08:43am

Business & Finance

US Fed officials slightly more optimistic on 2021-22 growth

Members of the policy-setting FOMC see growth of 4.2 percent in 2021 and 3.2 percent in 2021, two-tenths better than the September forecast.

Published 17 Dec, 2020 01:47am

Markets

European shares rise on vaccine, Brexit hopes

The pan-European STOXX 600 index rose 0.5%, with eyes on flash PMIs for December due in the morning session. Expectations are for a slight improvement in business activity over the previous month.

Published 16 Dec, 2020 01:10pm

Business & Finance

Tokyo stocks close higher with eyes on US Fed

The dollar fetched 103.56 yen in Asian trade, against 103.61 yen in New York and 104.08 yen in Tokyo late Tuesday.

Published 16 Dec, 2020 12:11pm

Markets

Australian shares jump most in over two weeks on US stimulus hopes

"If the coal issue with China is resolved early in the new year, it would relax the market in relation to other commodities that are exported to China," Smoling added.

Published 16 Dec, 2020 12:06pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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