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Reuters

Markets

Oil drops 3pc as virus infections, Libyan oil output rebound

COVID-19 cases surge in the US, Europe.
Libya lifts force majeure on last oilfield after blockade.
OPEC chief says rising infections may delay oil recovery.

Published 26 Oct, 2020 08:43pm

Markets

Chile's peso falls after referendum; Latam FX hit by strong dollar

The road ahead is full of uncertainties and rewriting the constitution will be a complex process.
Colombia's peso mirrored a fall in oil prices, while local investors awaited a central bank policy meeting on Friday.

Updated 26 Oct, 2020 08:43pm

Markets

Yield curve flatter on coronavirus, election concerns

The benchmark 10-year yield was down 2.7 basis points in morning trading at 0.8144%.
There's enough uncertainty with regards to how the Senate elections come out, it's easier to wait rather than sell Treasuries on the expectation of a certain outcome.

Published 26 Oct, 2020 08:04pm

Markets

Aldar lifts Abu Dhabi, Egypt extends losses

Aldar jumps on government projects deal.
NBK, Qatar's commercial Bank fall on lower profits.
Egypt's CIB extends losses.

Published 26 Oct, 2020 07:58pm

Markets

Rouble retreats from one-month high as rising COVID-19 cases limit risk appetite

The rouble was 0.3% weaker against the dollar at 76.36 but had gained 0.1% to trade at 90.23 versus the euro.
It is easy to assume that the majority of investors will continue to sit on the fence as there is very little time left until the US election.

Updated 26 Oct, 2020 07:58pm

World

Mexican economy grows 1.1pc in August from July, recovery slows

Latin America's second-biggest economy grew 1.1% month-on-month in seasonally adjusted terms in August.
The economy contracted 9.4% from August of 2019, INEGI said. That compared to the poll forecast for an 8.2% contraction.

Published 26 Oct, 2020 07:35pm

World

Erdogan urges Turks to boycott French goods

Just like they say 'Don't buy good with Turkish brands' in France, I am calling to all my citizens from here to never help French brands or buy them.
Shares in the Turkish unit of French-American telecoms equipment company Alcatel Lucent were down 10% on the Istanbul stock exchange after Erdogan's comments.

Published 26 Oct, 2020 07:31pm

Markets

US natgas scales near two-year peak on higher demand outlook

We are seeing some very cold weather temperatures that will be coming across in the next week.
Data provider Refinitiv predicted 212 heating degree days (HDDs) over the next two weeks in the Lower 48 US states, higher than the 30-year normal of 204 HDDs.

Published 26 Oct, 2020 07:28pm

World

India says to sign military agreement with US on sharing of satellite data

The Basic Exchange and Cooperation Agreement on Geospatial Cooperation (BECA) will allow India access to topographical, nautical and aeronautical data for better accuracy of weapons like missiles and drones.
The two ministers expressed satisfaction that agreement of BECA will be signed during the visit.

Published 26 Oct, 2020 07:24pm

Markets

Wall St slumps on rising virus cases, fading stimulus hopes

Travel-related stocks fall as COVID-19 cases soar.
Hasbro falls after reporting quarterly results.
Oracle down as rival SAP scraps medium-term margin goals.
Indexes down: Dow 1.3%, S&P 1%, Nasdaq 0.3%.

Published 26 Oct, 2020 07:21pm

Markets

OPEC chief says rising infections may delay oil recovery

The Organization of the Petroleum Exporting Countries and allies including Russia made a record oil output cut in April as the pandemic hit demand.
We were hopeful the second half of 2020 would begin to see a recovery.

Published 26 Oct, 2020 07:18pm

Markets

TSX falls on energy weakness as surging virus cases weigh

The energy sector dropped 3.3% as US crude prices were down 2.4% a barrel, while Brent crude lost 2.3%.
The financials sector slipped 0.9%, while the industrials sector fell 1.1%.

Published 26 Oct, 2020 07:16pm

Business

'Orderly' Trump win most favourable outcome for equities, JPMorgan says

A rise to 3,900 would mark a 12.6% jump from Friday's closing level.
JPMorgan said several of its data gatherings, such as voter registration, Twitter sentiment, point to a "tightening race".

Published 26 Oct, 2020 07:13pm

Business

Rolls-Royce seeks $2.6bn in make-or-break share issue

At stake is the future of a company which has been at the heart of manufacturing in Britain for more than 100 years.
"We find the terms of the proposed rights issue to be reasonable," Glass Lewis said in a note, while ISS said the rationale was "compelling".

Updated 26 Oct, 2020 07:13pm

World

Iran reports COVID-19 death every four minutes, extends curbs

"Our doctors and nurses are tired. I urge everyone to respect the protocols," Alireza Zali said.
The closure of schools, mosques, shops, restaurants and other public institutions in Tehran, that was due to end on Monday.

Published 26 Oct, 2020 06:25pm

Markets

Russian wheat prices rise amid dry weather, high demand

Weather conditions for 2021 crop have improved after rains.
Domestic prices for wheat, sunflower continue to rise.

Published 26 Oct, 2020 06:24pm

World

Malaysia's PM faces calls to quit after failed bid for emergency rule

King rejected Muhyiddin's request for emergency.
Coalition partners, opposition call for PM to step down.
Parliament dissolution not discussed in cabinet meet –minister.

Published 26 Oct, 2020 06:20pm

Business

UBS to increase salaries, reduce bonuses in pay shake-up

UBS regularly analyses its total compensation structure. As a result, we will adjust selectively certain salary levels to remain competitive.
UBS, the world's largest wealth manager, said last week it was giving lower-ranking employees an extra week's pay this year.

Published 26 Oct, 2020 06:18pm

Markets

Italian bond yields drop across the curve after S&P ratings boost

S&P affirms Italy rating at BBB, lifts outlook to stable.
Italy's 10-yr yield down 9 bps on the news.
Spanish, Portuguese yields drop 5-6 bps.

Published 26 Oct, 2020 06:16pm

World

Brazil inflation, interest rates outlook ticks higher

It is the first time since March that the central bank's regular 'FOCUS' survey of around 100 economists has pegged inflation this year at 3%.
The central bank is widely expected to keep the Selic rate on hold at a record low 2.00% later this week.

Published 26 Oct, 2020 06:14pm

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Oct 27 Kohinoor Power Company Limited(KOHP)	2.8000 ▲ 0.55 (8.89%)
J.A.Textile / Oct 27 J.A. Textile Mills Limited(JATM)	6.6833 ▲ 0.28 (4.43%)
Pak Synthetic / Oct 27 Pakistan Synthetics Limited(PSYL)	17.4700 ▲ 0.49 (2.89%)
B.R.R. Mod. / Oct 27 B.R.R. Guardian Modaraba(BRR)	10.4800 ▲ 0.28 (2.75%)
J. D. W. / Oct 27 JDW Sugar Mills Limited(JDWS)	235.0000 ▲ 4.99 (2.17%)
Bunnys Ltd / Oct 27 Bunnys Limited(BNL)	40.5000 ▲ 0.55 (1.38%)
Pace (Pakistan) / Oct 27 Pace (Pakistan) Limited(PACE)	3.4400 ▲ 0.14 (0.30%)
Thal LTD / Oct 27 Thal Limited(THALL)	422.7500 ▲ 7.75 (0.24%)
Ravi Textile / Oct 27 Ravi Textile Mills Limited(RAVT)	4.8100 ▲ 0.41 (0.22%)
Bankislami Pak / Oct 27 BankIslami Pakistan Limited(BIPL)	10.3000 ▲ 0.20 (0.10%)

Stock	Price
Askari Life Assur. (R) / Oct 27 Askari Life Assurance Company Limited (R)(ALACR4)	0.0900 ▼ 0.05 (-33.33%)
Pak. P.V.C. / Oct 27 Pakistan PVC Limited(PPVC)	4.1000 ▼ 1.55 (-31.08%)
Saudi Pak Leas. / Oct 27 Saudi Pak Leasing Company Limited(SPLC)	1.6300 ▼ 0.28 (-17.18%)
Redco Tex. / Oct 27 Redco Textiles Limited(REDCO)	7.3500 ▼ 0.85 (-11.56%)
Bilal Fibres / Oct 27 Bilal Fibres Limited(BILF)	1.7900 ▼ 0.18 (-10.06%)
Jubilee Sp. / Oct 27 Jubille Spinning & Weaving Mills Limited(JUBS)	5.0000 ▼ 0.49 (-9.80%)
Altern Energy / Oct 27 Altern Energy Limited(ALTN)	25.4700 ▼ 2.42 (-9.50%)
Kohinoor Sp. / Oct 27 Kohinoor Spinning Mills Limited(KOSM)	3.7900 ▼ 0.34 (-8.97%)
BIPL securities / Oct 27 BIPL Securities Limited(BIPLS)	11.1000 ▼ 0.90 (-8.11%)
Summit Bank / Oct 27 Summit Bank Limited(SMBL)	1.9400 ▼ 0.21 (-7.98%)

Stock	Volume
Maple Leaf / Oct 27 Maple Leaf Cement Factory Limited(MLCF)	31,856,735 ▼ 3.89
Pakistan Refinery / Oct 27 Pakistan Refinery Limited(PRL)	23,533,000 ▼ 2.91
Unity Foods / Oct 27 Unity Foods Limited(UNITY)	20,837,500 ▼ 0.88
Fauji Cem. / Oct 27 Fauji Cement Company Limited(FCCL)	16,270,500 ▼ 1.57
TRG Pak. / Oct 27 TRG Pakistan Limited(TRG)	13,210,000 ▼ 2.99
Hascol Petroleum / Oct 27 Hascol Petroleum Limited(HASCOL)	13,159,285 ▼ 0.71
Pak Int.Bulk Ter / Oct 27 Pakistan International Bulk Terminal Limited(PIBTL)	13,020,500 ▼ 0.43
Pak Elektron / Oct 27 Pak Elektron Limited(PAEL)	10,854,000 ▼ 1.40
Power Cement / Oct 27 Power Cement Limited(POWER)	8,424,500 ▼ 0.64
Engro Polymer / Oct 27 Engro Polymer & Chemicals Limited(EPCL)	5,709,000 ▼ 1.82

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Oct 24	161.50
USD PKR Interbank Buying / Oct 24	161.40
USD to Japanese Yen / Oct 24	104.71
USD to Swiss Franc / Oct 24	0.90
Pound Sterling to USD / Oct 24	1.30
Euro to USD / Oct 24	1.19

Stock	Volume
S&P 500 / Oct 24	3465.39
India Sensex / Oct 24	40685.50
Tokyo Nikkei / Oct 24	23516.59
Nasdaq / Oct 24	11548.28
Hang Seng / Oct 24	24918.78
FTSE 100 / Oct 24	5860.28
Dow Jones / Oct 24	28335.57
Germany DAX 30 / Oct 24	12645.75
France CAC40 / Oct 24	4909.64

Indicator	Value
Weekly Foreign Reserves / Oct 20	19015.50
GDPGROWTH / Oct 20	5.40
Foreign Debt (PKR billions) / Oct 20	15087.50
Per Capita Income USD (CPI) / Oct 20	1516.00
Average CPI % / Oct 20	11.11
UK LIBOR % / Oct 24	0.08