News stories for Parvez Jabri - Business Recorder

Parvez Jabri

Markets

S&P 500 hits 3,000 as Powell's comment lifts rate cut hopes

The benchmark S&P 500 breached the 3,000 points mark for the first time on Wednesday, as hopes of an interest ra

Published 10 Jul, 2019 04:10pm

Markets

TSX rises as BoC holds rates, raises Q2 growth forecast

Canada's main stock index rose on Wednesday, as the Bank of Canada held interest rates steady and raised its second-

Published 10 Jul, 2019 04:08pm

Markets

Yield curve steepens; Fed chief remarks boost rate cut bets

NEW YORK: The US Treasury yield curve steepened on Wednesday after Federal Reserve Chair Jerome Powell increased exp

Published 10 Jul, 2019 04:06pm

Business & Finance

JPMorgan aims to lower account minimums on new robo-adviser tool

NEW YORK: JPMorgan Chase & Co intends to lower the minimum account balance on its new digital investment product

Published 10 Jul, 2019 04:04pm

Business & Finance

South Africa central bank governor re-appointed for another 5 years

JOHANNESBURG: South African President Cyril Ramaphosa has re-appointed central bank governor Lesetja Kganyago for an

Published 10 Jul, 2019 04:03pm

Business & Finance

Sceptical Deutsche Bank investors to grill Sewing on revamp roadshow

LONDON/FRANKFURT: Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver

Published 10 Jul, 2019 04:02pm

Business & Finance

Canada's Bombardier to lay off 550 workers at Ontario rail plant

MONTREAL: Canada's Bombardier said on Wednesday it would lay off around half of the workforce, or about 550 employee

Published 10 Jul, 2019 04:01pm

Business & Finance

Toyota to build new SUV, rather than car at Alabama plant

WASHINGTON: Toyota Motor Corp said on Wednesday it will build a new sport utility vehicle at a $1.6 billion joint ve

Published 10 Jul, 2019 04:00pm

Business & Finance

Bank of Canada holds rates, frets about trade war damage

OTTAWA: The Bank of Canada held interest rates steady and raised its second-quarter growth forecast as expected on W

Published 10 Jul, 2019 03:58pm

Sports

Strycova has no fear ahead of Serena clash

LONDON: Unseeded Czech Barbora Strycova believes she has the weapons to upset seven-times champion Serena Williams i

Published 10 Jul, 2019 03:55pm

Markets

C$ pares its gains as bets rise on BoC rate cut this year

TORONTO: The Canadian dollar rose against its broadly weaker US counterpart on Wednesday, but gave up much of its ga

Published 10 Jul, 2019 03:51pm

Markets

US crude stocks fall nearly 10mn barrels

US crude oil stockpiles fell by nearly 10 million barrels last week, far more than expected, as refineries processed

Published 10 Jul, 2019 03:49pm

Markets

US oil producers shut offshore output as storm forms in Gulf of Mexico

HOUSTON: Anadarko Petroleum Corp has joined major US oil producers shutting production and withdrawing staff from of

Published 10 Jul, 2019 03:48pm

Markets

‘Bad news everywhere’: Sterling held near 2-year lows

LONDON: Britain's economic gloom and a fast-approaching Brexit deadline kept sterling near two-year lows on Wednesda

Published 10 Jul, 2019 03:47pm

World

Trump accuses Iran of secret nuclear enrichment, says sanctions to be cranked up ‘substantially’

WASHINGTON/VIENNA: President Donald Trump accused Iran on Wednesday of secretly enriching uranium for a long time an

Published 10 Jul, 2019 03:45pm

Sports

Bautista Agut wears down Pella to reach semi-final

LONDON: Roberto Bautista Agut reached his first Grand Slam semi-final by wearing down Argentine Guido Pella at Wimbl

Published 10 Jul, 2019 03:45pm

Markets

Gold rises after Powell's remarks bolster rate cut hopes, hurt dollar

Gold prices recouped losses to rise nearly 1% on Wednesday as the dollar slid after US Federal Reserve Chairman Jero

Published 10 Jul, 2019 03:41pm

Sri Lanka negotiating military deal with the US: PM

COLOMBO: Sri Lanka is negotiating a fresh military cooperation deal with the United States, its Prime Minister annou

Published 10 Jul, 2019 02:28pm

Markets

Stock markets mostly higher on US Fed chief's outlook

LONDON: Stock markets turned mostly higher Wednesday after US Federal Reserve chief Jerome Powell kept the door open

Published 10 Jul, 2019 02:25pm

Business & Finance

American Airlines says Boeing 737 MAX grounding hit 2Q profits by $185mn

NEW YORK: American Airlines said Wednesday the grounding of the Boeing 737 MAX reduced second-quarter earnings by $1

Published 10 Jul, 2019 02:23pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 24	278.59
USD PKR Interbank Buying / Apr 24	278.39
USD to Japanese Yen / Apr 24	155.21
USD to Swiss Franc / Apr 24	0.91
Pound Sterling to USD / Apr 24	1.25
Euro to USD / Apr 24	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
India Sensex / Apr 24	73852.94
Tokyo Nikkei / Apr 24	38460.08
Nasdaq / Apr 24	15712.75
Hang Seng / Apr 24	17201.27
FTSE 100 / Apr 24	8040.38
Dow Jones / Apr 24	38460.92
Germany DAX 30 / Apr 24	18088.70

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Crude Oil USD/Barrel / Apr 24	82.83
Gold Spot USD/Ounce / Apr 24	2318.17
Cotton US¢/pound / Apr 24	81.01
Petrol/Litre / Apr 25	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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