AVN 64.64 Decreased By ▼ -2.11 (-3.16%)
BOP 9.85 Increased By ▲ 0.04 (0.41%)
CHCC 120.52 Decreased By ▼ -4.48 (-3.58%)
DCL 10.10 Decreased By ▼ -0.88 (-8.01%)
DGKC 103.15 Decreased By ▼ -3.61 (-3.38%)
EFERT 61.10 Decreased By ▼ -0.50 (-0.81%)
EPCL 41.20 Decreased By ▼ -2.30 (-5.29%)
FCCL 19.91 Decreased By ▼ -0.65 (-3.16%)
FFL 15.91 Decreased By ▼ -1.04 (-6.13%)
HASCOL 20.54 Decreased By ▼ -1.53 (-6.93%)
HBL 126.45 Decreased By ▼ -5.06 (-3.85%)
HUBC 79.54 Decreased By ▼ -2.86 (-3.47%)
HUMNL 7.60 Decreased By ▼ -0.25 (-3.18%)
JSCL 26.70 Decreased By ▼ -2.00 (-6.97%)
KAPCO 26.50 Decreased By ▼ -1.10 (-3.99%)
KEL 4.20 Decreased By ▼ -0.07 (-1.64%)
LOTCHEM 12.05 Decreased By ▼ -0.40 (-3.21%)
MLCF 36.10 Decreased By ▼ -1.74 (-4.6%)
OGDC 105.00 Decreased By ▼ -0.40 (-0.38%)
PAEL 33.90 Decreased By ▼ -2.19 (-6.07%)
PIBTL 12.38 Decreased By ▼ -0.80 (-6.07%)
PIOC 89.40 Decreased By ▼ -4.40 (-4.69%)
POWER 8.80 Decreased By ▼ -0.44 (-4.76%)
PPL 91.86 Decreased By ▼ -1.37 (-1.47%)
PSO 197.46 Decreased By ▼ -6.81 (-3.33%)
SNGP 61.20 Decreased By ▼ -2.15 (-3.39%)
STPL 13.18 Decreased By ▼ -0.77 (-5.52%)
TRG 53.79 Decreased By ▼ -0.95 (-1.74%)
UNITY 17.39 Decreased By ▼ -0.55 (-3.07%)
WTL 1.12 Decreased By ▼ -0.06 (-5.08%)
BR100 4,288 Increased By ▲ 59.67 (1.41%)
BR30 21,738 Increased By ▲ 288.42 (1.34%)
KSE100 41,204 Increased By ▲ 463.41 (1.14%)
KSE30 17,470 Increased By ▲ 218.66 (1.27%)
COVID-19 TOTAL DAILY
CASES 311,516 675
DEATHS 6,474 8
Business - 2020-09-16
Wall Street up on hopes of Fed backing; FedEx jumps
Stocks

Wall Street up on hopes of Fed backing; FedEx jumps

  • Fed expected to keep rates low for prolonged period.
  • FedEx jumps on bigger-than-expected quarterly profit.
  • Boeing down after US House panel's report on 737 MAX crashes.
  • Indexes up: Dow 0.42%, S&P 500 0.40%, Nasdaq 0.27%.
Published 16 Sep, 2020 08:57pm
Russian oil exports seen flat in Q4 at 62.4mn tonnes
Energy

Russian oil exports seen flat in Q4 at 62.4mn tonnes

  • That is against the 62.8 million tonnes seen in the third quarter.
  • The schedule showed that Urals blend exports from the Baltic Sea ports will reach 18.5 million tonnes, up from 17.8 million tonnes in the current quarter.
Published 16 Sep, 2020 08:39pm
India's June quarter thermal coal imports down 42pc
Energy

India's June quarter thermal coal imports down 42pc

  • India's electricity demand is expected to fall for the first time in four decades in the ongoing fiscal year, which ends in March 2021.
  • Thermal coal imports by the "non-regulated" sector, which includes cement producers and the metals industry fell 41.7%,
Published 16 Sep, 2020 08:36pm
Ferrari unveils modified version of Portofino bestseller
Companies

Ferrari unveils modified version of Portofino bestseller

  • The new car, the first to be launched since the Italian sportscar maker temporarily shut down operations during a COVID-19 lockdown.
  • The Portofino M convertible features a redesigned powertrain, eight-speed gearbox and a five-position Manettino switch that includes a race mode.
Published 16 Sep, 2020 07:18pm
As OPEC+ meets this week, UAE emerges as main laggard
Energy

As OPEC+ meets this week, UAE emerges as main laggard

  • Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, four OPEC+ sources told.
  • Several of the secondary sources showed the UAE missed its target in August, with the International Energy Agency (IEA) giving OPEC's third-largest producer a score of only 10%,
Published 16 Sep, 2020 07:00pm
Oil majors' renewable drive pushes up price tags on assets
Energy

Oil majors' renewable drive pushes up price tags on assets

  • BP, Shell and Total have all announced renewable expansion plans this year to reduce their reliance on fossil fuels and meet internal climate targets.
  • SSE also earlier this year sold a 51% stake in its Seagreen 1 British offshore wind farm project to France's Total.
Published 16 Sep, 2020 06:56pm
Gold rises as investors bet on dovish US Fed stance
Commodities

Gold rises as investors bet on dovish US Fed stance

  • Spot gold was up 0.4% to $1,963.97 per ounce by 1131 GMT, while US gold futures rose 0.4% to $1,973.50 per ounce.
  • While the Fed does not need to announce stimulus measures now, it will have to lay the groundwork for potential stimulus later.
Published 16 Sep, 2020 05:23pm
Italian bond yields hit one-month low ahead of Fed meeting
Financial

Italian bond yields hit one-month low ahead of Fed meeting

  • The Federal Reserve is expected to wrap up its latest policy meeting on Wednesday with somewhat rosier economic forecasts.
  • The street has priced out rate hikes to 2025, and when coupled with the fact the Fed has already ruled out the possibility of negative interest rates.
Published 16 Sep, 2020 05:22pm
Shares rally, dollar falls ahead of Fed meeting
Stocks

Shares rally, dollar falls ahead of Fed meeting

  • Shares had rallied in the previous session after robust Chinese and US economic data and continued their gains on Wednesday.
  • Investors will be looking for details about how the changed approach will affect monetary policy.
Published 16 Sep, 2020 05:16pm
Money & Banking

Turkish lira flat

ISTANBUL: The Turkish lira traded steady against the US dollar on Tuesday, after hitting a record low in the ...
Published 16 Sep, 2020 02:46am
Money & Banking

Sterling rises

LONDON: Sterling rose after better-than-expected jobs data on Tuesday and British Prime Minister Boris Johnson faced...
Published 16 Sep, 2020 02:46am