News Archives for Business & Finance - 2021-04-08

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Business & Finance - 2021-04-08

Energy

U.S. natgas edges up as storage report offsets lower LNG exports

Refinitiv projected average gas demand, including exports, would slide from 89.3 bcfd this week to 87.6 bcfd next week as the weather turns milder.

Published 08 Apr, 2021 11:50pm

Financial

Mexico central bank says pause in interest rate cuts doesn't mean easing cycle over

Mexico's economy contracted by 8.5pc in 2020, its deepest dive in almost 90 years, due to the ravages of the COVID-19 pandemic.

Updated 09 Apr, 2021 12:08am

Europe Fixed Income

Euro zone yields dip, ECB says could reduce bonds buys

The central bank ramped up buying of sovereign bonds after a surge in U.S. Treasury yields lifted borrowing costs in the bloc and threatened Europe's tentative recovery.

Updated 09 Apr, 2021 12:08am

Stocks

European stocks hit record highs after Fed holds stance

The pan-European STOXX 600 index rose 0.6pc, adding to gains notched earlier this week when the index erased all of its pandemic-driven losses.

Updated 09 Apr, 2021 12:08am

Energy

Oil flat as weaker dollar offsets surge in U.S. gasoline stocks

Brent futures rose 20 cents, or 0.3pc, to $63.36 a barrel by 11:43 a.m. EDT (1543 GMT), while U.S. West Texas Intermediate (WTI) crude rose 2 cents to $59.79.

Updated 09 Apr, 2021 12:08am

Commodities

Copper rises on supply concerns, lower U.S. dollar

Prices of the metal used widely in the power and construction industries are down 6pc since hitting 9-1/2-year highs of $9,617 last month.

Updated 09 Apr, 2021 12:08am

Forex

South Africa's rand hits 6-week best, stocks fall on sluggish manufacturing data

At 1500 GMT the rand was 0.48pc firmer at 14.5000 per dollar, its strongest level since Feb. 24 and poised to reach a one-year high as the bullish case gathered momentum.

Updated 09 Apr, 2021 12:08am

Stocks

FTSE 100 ends higher as miners track gains in commodity prices

The blue-chip index ended up 0.8pc, with Anglo American one of the biggest boosts to the index, gaining 3.2pc on plans to spin off its thermal coal assets in South Africa.

Updated 09 Apr, 2021 12:08am

Companies

Ford cutting more U.S. production because of chips shortage

Ford said it will cancel production next week at Chicago Assembly Plant and its Flat Rock Assembly Plant and part of its Kansas City Assembly Plant.

Updated 09 Apr, 2021 12:08am

Commodities

Corn gains on exports, ethanol optimism

Wheat gained as frigid temperatures across Europe and the Black Sea region threatened crops. Soybeans were also firmer.

Updated 09 Apr, 2021 12:07am

Commodities

Gold firms near 1-month peak as dollar, U.S. yields retreat

Spot gold rose 1.11pc to $1,756.56 per ounce by 1:43 p.m. EDT (1743 GMT), having earlier hit its highest since March 1 at $1,758.45.

Updated 09 Apr, 2021 12:07am

Forex

Canadian dollar recovers from week low as greenback slides

Canadian dollar strengthens 0.1% against the greenback.
Loonie trades in a range of 1.2581 to 1.2627.
Price of US oil falls 0.7%.
Canadian bond yields ease across a flatter curve.

Updated 09 Apr, 2021 12:26am

Forex

Dollar at two-week low after US weekly jobless claims rise unexpectedly

Treasury yields retreat after US jobless data.
Pound stems losses vs. USD after hard profit-taking hit.

Published 08 Apr, 2021 09:06pm

Money & Banking

JPMorgan forms new team in commercial banking unit as part of green push

As part of the move, JPMorgan's commercial banking division named Brian Lehman as the head of the 'Green Economy' team, the bank said in a statement.
Lehman, who was most recently the head of diversified financials team within the commercial bank's financial institutions group, has more than 20 years of experience in sustainable finance.

Published 08 Apr, 2021 09:02pm

Forex

Latam FX boosted by dovish Fed, stocks muted

Petrobras tumbles on fears of government interference.
Copper-exposed currencies strengthen.

Published 08 Apr, 2021 09:01pm

Stocks

TSX gains as higher commodity prices boost miners

The materials sector, which includes precious and base metals miners and fertilizer companies, added 1.3% as gold futures rose 0.5% to $1,748.7 an ounce to hit a three-week peak.
Toronto Stock Exchange's S&P/TSX composite index was up 8.37 points, or 0.04%, at 19,137.44.

Published 08 Apr, 2021 08:59pm

Companies

GM extends North America production cuts due to chip shortage

The move's impact has been baked into GM's prior forecast that the shortage could shave up to $2 billion off this year's profit.
The plant makes Chevrolet Camaro sports car and Cadillac CT4 and CT5 sedans. It has been out of action since March 15.

Published 08 Apr, 2021 08:58pm

Energy

US LNG exports set to fall to 6-week low on Corpus Christi maintenance

LNG feedgas was on track to fall to 9.1 billion cubic feet per day (bcfd) on Thursday, according to Refinitiv data, its lowest since Feb. 26 when US exports were recovering after several Gulf Coast LNG plants shut due to a shortage of gas and power during the Texas freeze in mid February.
Buyers around the world continue to purchase record amounts of US gas because prices in Europe and Asia remain high enough to cover the cost of buying and transporting the fuel across the ocean.

Published 08 Apr, 2021 08:54pm

Forex

Sterling steadies vs dollar, euro after profit-taking knock

The pound fell 1.2% against the dollar and 1.7% against the euro between Tuesday and Wednesday as investors took cash off the table after a strong first quarter for the British currency.
Sterling's pullback was "exaggerated," ING analysts wrote, adding that they were "constructive" on the pound, citing Britain's relatively fast COVID-19 vaccine programme.

Published 08 Apr, 2021 08:52pm

Stocks

S&P 500 scales new record high on tech boost

GameStop jumps as Ryan Cohen to be made chairman.
Canopy Growth down on C$323 mln deal to buy Supreme Cannabis.
Indexes: Dow down 0.23%, S&P up 0.14%, Nasdaq up 0.8%.

Published 08 Apr, 2021 08:51pm

Companies

Petrobras requests ministry clarify Bolsonaro pricing comments; shares slide

In a securities filing, Petrobras said it asked the ministry about information that "should have been released to the market." The ministry has yet to respond, Petrobras said.
Bolsonaro's remarks on Wednesday helped wipe out gains in Petrobras' preferred and ordinary shares and they closed that session virtually flat. The preferred shares closed 0.08% down. The selling continued on Thursday.

Published 08 Apr, 2021 08:48pm

Money & Banking

Bank of America to deploy $1 trillion for sustainable finance by 2030

The initiative will help the bank's push for a greener economy through lending, capital raising, advisory and investment services to help low-carbon and other sustainable businesses, Bank of America said.
In February, Bank of America said it would target net-zero greenhouse gas emissions before 2050.

Published 08 Apr, 2021 08:46pm

Commodities

Gold tops 1-month peak as dollar, US yields retreat

US weekly jobless claims unexpectedly rise.
Markets eye Powell's speech at IMF conference.
Silver hits over two-week peak.

Published 08 Apr, 2021 08:32pm

Companies

KKR invests $500mn in cloud storage firm Box, gets board seat

Shares of the company fell more than 8% to $22.26, as "there was likely some level of M&A premium baked into the share price," D.A. Davidson & Co analyst Rishi Jaluria said.
Box also said current director Bethany Mayer, who joined the board after an agreement with Starboard last April, will replace Chief Executive Officer Aaron Levie as chair, effective May 1.

Published 08 Apr, 2021 08:25pm

Financial

US yields slide after jobless claims, but massive supply looms

"Falling incidence of the coronavirus will lower initial claims," said Stan Shipley, fixed income strategist, at Evecore ISI in New York. He added that overall the data showed the "labor market is continuing to heal and should be neutral for Treasury yields."
In midmorning trading, the US 10-year Treasury yield was down at 1.64% from 1.654% on Wednesday.

Published 08 Apr, 2021 08:22pm

Money & Banking

Russian central bank considers digital rouble in 2023

"It will be feasible to introduce limits on the transactions from non-cash form into the digital rouble," Zabotkin said, adding that the central bank will stand ready to compensate for possible liquidity shortages when introducing the digital rouble.
The central bank first floated the idea of the digital rouble in October, citing the need to make payments more convenient.

Published 08 Apr, 2021 08:19pm

Commodities

Arabica coffee prices rise with supplies set to tighten

May arabica coffee rose by 1.25 cents, or 1%, to $1.28 per lb.
May raw sugar rose by 0.04 cents, or 0.3%, to 15.18 cents per lb.
May London cocoa fell by 33 pounds, or 1.95%, to 1,660 pounds a tonne, weighed partly by diminished concerns about short-term tightness in tenderable supplies.

Published 08 Apr, 2021 08:17pm

Money & Banking

Santander's asset management arm to launch trade finance fund

The fund - aimed at institutional and accredited investors - will primarily buy assets created by the banking group's trade finance business in transactions with its large corporate clients, the sources said.
The recent collapse of British supply chain finance company Greensill, however, has raised investor concerns on some of the risks involved and in some cases, the sector's lack of transparency.

Published 08 Apr, 2021 08:10pm

Companies

Electric trucks may soon challenge diesel if charging hurdle cleared: study

A green shift in the transport sector, which generates roughly a quarter of global carbon dioxide emissions, is seen as important to help align with globally agreed climate goals.
Battery-powered trucks have often been dismissed as too costly to replace diesel trucks in many capacities, with batteries too heavy for long-haul freight.

Published 08 Apr, 2021 08:07pm

Money & Banking

CEO calls for policies to boost housing supply as prices surge

"Part of the short-term aberration you're seeing here is low interest rates, lots of liquidity, but not enough supply," Dodig said in an interview late on Wednesday.
Canada's financial regulator said it will relaunch on Thursday a consultation on the minimum qualifying rate for borrowers of uninsured mortgages. It had suspended the consultation, originally announced in February 2020, less than a month later.

Published 08 Apr, 2021 08:03pm

Forex

Forex held by Turkish locals falls to $221.2bn

The holdings have eased from a record high of $236.11 billion in January. When adjusted for the parity effect, the data showed the hard currency holdings dropped by $2.02 billion in the week to April 2.
Data also showed on Thursday that foreign investors sold $140.4 million worth of Turkish government bonds in the week to April 2, as well as $364.4 million worth of stocks.

Published 08 Apr, 2021 07:21pm

Money & Banking

BRICS development bank approves $1bn COVID-19 loan for South Africa

"The loan will support the Government of South Africa in its efforts to contain the economic fallout of the pandemic and start economic recovery," the bank said in a statement.

Published 08 Apr, 2021 07:17pm

Industry

Britain's Co-op will not repay 65mn stg in business rates relief

Co-op says it took money on basis it wasn't a loan.
Will pay back 15.5 mln stg of furlough money.
Will pay executive bonuses for 2020.

Published 08 Apr, 2021 07:01pm

Money & Banking

UK appoints former Bank of Canada deputy Wilkins to BoE role

"Carolyn has a respected track record built over 20 years at the Bank of Canada and her extensive experience in international financial regulation will be a real asset to the FPC," British finance minister Rishi Sunak said.
The FPC sets capital ratios for British banks and insurers and regulates aspects of mortgage lending, as well as broader financial risks. Its remit does not extend to monetary policy or financial misconduct.

Published 08 Apr, 2021 06:59pm

Money & Banking

Morgan Stanley hires UBS banker Greco to head Italy financial services M&A

Greco, who spent almost nine years at UBS covering major financial services (FIG) transactions in Italy and payments deals across Europe, will start at Morgan Stanley at the end of June and will be based in London, two of the sources said.
Orcel later brought Greco over to UBS where he joined the FIG team while Orcel was running UBS's investment banking unit between 2012 and 2018.

Published 08 Apr, 2021 06:57pm

Companies

Amazon union election tally expected to start, turnout 55pc

The elections had voter turnout of about 55% the Retail, Wholesale and Department Store Union (RWDSU) said in a statement on Wednesday.
More than 3,200 mail ballots were received by the US National Labor Relations Board (NLRB), in an election open to over 5,800 workers at Amazon's warehouse in Bessemer, Alabama, the union said.

Published 08 Apr, 2021 06:52pm

Companies

GameStop plans to elect activist investor Cohen as chairman

The company also said on Thursday it was nominating six people, including Cohen, to stand for election to its board at the annual meeting of stockholders on June 9.
The announcement comes after GameStop on Monday increased the value of the new stock it may sell to $1 billion from $100 million, as it seeks to capitalize on a surge in its shares from the Reddit-driven rally.

Published 08 Apr, 2021 06:50pm

Companies

Brazilian steelmaker Usiminas to raise prices by April 12

Analyst Daniel Sasson said in the note to clients that prices of hot rolled steel will rise by 10% and those for other products will rise by 5%. Sasson said the information was confirmed by two steel distributors and that this would be Usiminas' third price hike this year.

Published 08 Apr, 2021 06:40pm

Money & Banking

ECB sees scope for cutting bonds buys after second-quarter surge

Worried that rising yields would derail an eventual recovery, policymakers in March decided to "significantly" increase bond purchases and undo some of the rise in borrowing costs, which was deemed a reflection of a global repricing rather than improved economic prospects.
"It was underlined that the flexibility embodied in the PEPP was symmetric, implying that the purchase pace could be increased and decreased according to market conditions," the ECB said.

Published 08 Apr, 2021 06:38pm

Companies

Stellantis may delay Alfa Romeo Tonale SUV production to 2022

Ferdinando Uliano said FIM CISL was asking the company to meet its target to start (Tonale's) production by the end of this year.
"We want to be on the market with the most updated electrified offer, leveraging on the Stellantis technology and know-how. Our teams in Pomigliano are strongly working to update the production line," it said.

Published 08 Apr, 2021 06:28pm

Stocks

India's equity mutual funds show first inflows after 8 months

Indian stock markets touched record highs earlier this year in a rebound from a market crash that followed the spread of the coronavirus last year.
It seems like equity investors waiting on the sidelines for a market correction have started making allocations taking a long-term investing view on equities.

Published 08 Apr, 2021 06:14pm

Energy

Oil falls on surge in US gasoline stocks

US gasoline stocks jump by 4 mln barrels.
Tentative talks around lifting of Iranian sanctions.
Russian exports increase in April.

Published 08 Apr, 2021 06:12pm

Middle East

Saudi $7 trillion investment goal puts spotlight on oil prices

Saudi pursuing 27 trillion riyal spending push.
Under plan, some firms required to cut payouts to government.
More taxes, royalties will help to plug gap – analysts.
So Saudi will likely need higher oil prices.
OPEC leader may need to curb supply to prop up prices.

Published 08 Apr, 2021 06:09pm

Commodities

Weaker currencies push Indian, Thai export rates lower

Thai rates dip to over five-month low.
Bangladesh looking to buy more rice, mostly from India.
Vietnamese paddy rates also dip amid concerns over quality.

Published 08 Apr, 2021 06:07pm

Companies

Shell Norco, Louisiana, refinery CDU operating at minimum production, other units shut

Most of the other production units at the refinery remained shut on following a Wednesday afternoon loss of three steam boilers at the refinery, the sources said.

Published 08 Apr, 2021 06:05pm

Companies

Valero warns of bigger first-quarter loss on costs from Texas deep freeze

Valero said it expects net loss attributable to its stockholders in the range of $2.05 to $1.81 per share for the first quarter, compared with an 88 cents per share loss in the fourth quarter.
Rival Phillip 66 also forecast a bigger-than-expected adjusted loss for the first quarter, citing the severe winter that battered its US Gulf Coast petrochemical operations.

Published 08 Apr, 2021 05:58pm

Commodities

Gold hits 3-week peak as Fed's dovish tone pressures dollar, yields

Fed committed to support economy until recovery more secure.
Markets eye Powell's speech at IMF conference
Silver hits over two-week peak.

Published 08 Apr, 2021 05:55pm

Commodities

Copper climbs on supply concerns, lower dollar

"Copper prices have settled around $9,000, not $8,000, which tells you the market is fairly tight," said Guy Wolf, global head of analytics at Marex.
"The outlook is very uncertain, the key thing is will vaccines stop the spread of the coronavirus. Once people believe the vaccine stops you infecting other people, things will start moving."

Published 08 Apr, 2021 05:51pm

Commodities

Wheat rallies as weather risks return; corn and soy steady

Dry weather expected to slow US spring wheat planting.
Corn and soy steady, underpinned by tightening supply.
Market awaiting USDA supply-demand update on Friday.

Published 08 Apr, 2021 05:48pm

Companies

Jiangxi Copper no longer pursuing Malaysia scrap project

Chinese copper producer had planned to process scrap in Sabah.
Copper prices to stay high on strong China demand – chairman.
Firm's Guixi smelter still profitable at decade-low TC/RCs- CFO.

Published 08 Apr, 2021 05:45pm

Forex

FX firms as global mood brightens

The Polish zloty was 0.54% firmer against the euro at 4.5516, the Czech crown had strengthened 0.09% to 25.8210, while the Hungarian forint was 0.13% stronger at 358.70.
"Over the next few days, the yields of 2-year bonds should remain around 0.05%, while the yields of 10-year bonds should remain close to 1.60%," PKO BP analysts said in a note.

Published 08 Apr, 2021 05:43pm

Stocks

Dovish Fed lifts Wall Street stock futures to record high

S&P stock futures hit record highs.
European shares at record levels.
Crude oil slips after rise in US gasoline stocks.
Fed's Powell to speak at IMF event at 1600 GMT.
Weekly US jobless claims data due at 1230 GMT.
ECB reassures on accommodative monetary policy.

Published 08 Apr, 2021 05:41pm

Forex

Dollar hovers above two-week lows

Fed minutes offer no new catalysts to lift greenback.
Higher US stocks sap demand for dollar as a haven.

Published 08 Apr, 2021 05:39pm

Stocks

Indian shares rise for third day; metals stocks jump

The Reserve Bank of India (RBI) on Wednesday kept interest rates at record lows and committed to a massive government bond purchase programme, helping keep share markets buoyant.
The NSE Nifty 50 index ended up 0.37% at 14,873, and the S&P BSE Sensex rose 0.2% to 49,746.21.

Published 08 Apr, 2021 05:36pm

Stocks

Sri Lankan shares rise over 1pc after cenbank holds key rates

The CSE All-Share Index rose for the fifth straight session as it closed 1.4% higher at 7,412.46.
Conglomerates Browns Investments Plc and Lanka ORIX Leasing Company Plc were the top boosts to the index, gaining 7.1% and 6.7%, respectively.

Published 08 Apr, 2021 05:36pm

Industry

RCEP to improve Pakistan's Trade & Investment Potential Manifold: PRIME

PRIME’s latest report timely informs of a window of opportunity - the Regional Comprehensive Economic Partnership (RCEP) - offering immense trade and investment potential.
Joining RCEP can trigger Pakistan’s untapped potential in various domains such as ICT services, mobile manufacturing, health and pharmaceutical sector, agricultural commodities, geographical diversification of export, investment diversification, and trade and investment policy.

Updated 08 Apr, 2021 06:03pm

Stocks

Global markets mostly rise; London hits pre-Covid peak

London's benchmark FTSE 100 index surged as high as 6,926.68 points, the highest intra-day level in more than a year, before paring gains.

Published 08 Apr, 2021 04:49pm

Pakistan's meat exporter to commence frozen food production by July

“Hiring of all team members for the new business is complete and that team is geared up to ensure that timelines are not missed… the plan is to launch our products in at least 2500 stores across Pakistan,” Al Shaheer said in a statement.

Published 08 Apr, 2021 03:55pm

Philippines revises 2020 GDP contraction to 9.6%

The pandemic-hit economy's contraction in the fourth quarter of 2020 on an annual basis was unchanged at 8.3%, it said in a statement.

Published 08 Apr, 2021 02:15pm

Stocks

Banks, miners help Australian shares notch 13-month closing high

Morgan Stanley, traditionally bullish on Afterpay, lowered its price target by A$10, citing risks to merchants fees from the entry of Commonwealth Bank of Australia into the buy-now- pay-later market.

Published 08 Apr, 2021 02:08pm

Financial

ECB's Holzmann hopes to reduce emergency bond buys in Q3: CNBC

The Austrian governor was echoing similar remarks by his Dutch peer Klaas Knot in a Reuters interview earlier this week.

Published 08 Apr, 2021 02:06pm

Stocks

Tokyo stocks close lower with shortage of clues

Hitachi slipped 0.87 percent to 5,002 yen.

Published 08 Apr, 2021 01:07pm

SDRs and debt holidays still just a band-aid for Pakistan and other debt-hobbled countries

A new $650 billion allocation of the IMF’s quasi currency known as Special Drawing Rights (SDRs) will provide over $20 billion of funding, while an extended repayment holiday on loans from rich G20 nations will temporarily save another $7 billion.

Published 08 Apr, 2021 01:05pm

Stocks

European stocks ahead in early deals

In the eurozone, Frankfurt's DAX 30 index added 0.3 percent to 15,221.90 points.

Published 08 Apr, 2021 12:57pm

Energy

US oil may retest support at $58.80

It is expected to break this level in its current attempt.

Published 08 Apr, 2021 12:54pm

Energy

Brent oil may test support at $61.22

On the daily chart, oil is consolidating around $62.91, the 38.2% retracement on the uptrend from $49.20 to $71.38.

Published 08 Apr, 2021 12:53pm

Commodities

CBOT soybeans may fall into $13.78-1/2 to $13.91-1/2 range

On the daily chart, the pattern around $14.54-3/4 looks like a double-top, based on the weak bounce from the April 1 low of $13.98-1/2.

Published 08 Apr, 2021 12:51pm

Bullion Rate

Spot gold may retest resistance at $1,746

A break below $1,724 may open the way towards $1,693.

Published 08 Apr, 2021 12:49pm

Bullion Rate

Gold prices slip as equities gain after Fed minutes

Asian equities were on track to mirror Wall Street's cautious gains, weighing on the metal's safe-haven allure.

Published 08 Apr, 2021 12:45pm

Bullion Rate

Gold edges lower on swift economic recovery bets

The S&P 500 added to gains, while the dollar index inched up after the Fed released the minutes.

Published 08 Apr, 2021 12:42pm

Forex

Dollar pinned near two-week troughs amid lower US yields

The euro was almost unchanged from Wednesday at $1.18715, after rebounding from the almost five-month low of $1.1704 touched on March 31.

Published 08 Apr, 2021 12:39pm

Forex

China yuan weakens on softer central bank fixing

A weaker yuan and shrinking premiums over US debt drove foreign investors to reduce their holdings of Chinse sovereign debt in March, the first monthly drop in more than two years.

Published 08 Apr, 2021 12:37pm

Forex

Canadian dollar hits 1-week low as commodity currencies slide

The Canadian employment report for March, due on Friday, could offer clues on the central bank's policy outlook.

Published 08 Apr, 2021 12:34pm

Forex

Dollar rises as minutes shows Fed committed to supporting economic recovery

The Australian dollar fell against the dollar, down 0.74% , while the New Zealand dollar was down 0.75%, both pausing their upward trajectory of the last two weeks.

Published 08 Apr, 2021 12:32pm

Forex

Dollar stuck near two-week lows amid lower US yields

The euro consolidated around $1.1865 after rebounding from an almost five-month low of $1.1704, also touched on March 31.

Published 08 Apr, 2021 12:31pm

Forex

Most Asian FX bears firm; short bets on yuan at near 1-year high

Market participants were the most bearish on the Indonesian rupiah since October.

Published 08 Apr, 2021 12:29pm

Commodities

Wheat firms as dry weather threatens North American plantings

Brazil's second-crop corn planting could see yields trimmed by an estimated 3.6% this year, Agroconsult said.

Published 08 Apr, 2021 12:27pm

Commodities

Wheat lifted on spring planting concerns

Brazil's soybean harvest is poised for a record yield, pressuring the US oilseed market.

Published 08 Apr, 2021 12:26pm

Commodities

USDA to expand forecasts on soyoil use in biofuels in May crop report

Further details of the USDA's reporting changes will be released on Thursday, an agency spokesperson said.

Published 08 Apr, 2021 12:21pm

Mutual Funds

US Treasury deputy chief sees majority of countries joining minimum tax deal

We have supported taxation that makes sure that companies have to pay a level rate throughout the world.

Published 08 Apr, 2021 12:20pm

Financial

Sri Lanka central bank leaves rates pat to ensure sustained recovery

CBSL said the country's trade deficit is expected to continue to narrow as spending on imports falls. It said workers' remittances should continue to see healthy growth in 2021.

Published 08 Apr, 2021 12:18pm

Financial

Australia's Westpac sued over consumer credit insurance sales

The regulator did not specify the penalty amount.

Published 08 Apr, 2021 12:16pm

Stocks

Indian shares climb for third day as metals gain

Hindalco and Tata Steel were the top gainers on the Nifty 50, rising more than 2% each amid steel prices in China hitting a record.

Published 08 Apr, 2021 12:13pm

Previous Day

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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