Middle East Africa Forex - Markets

Forex

South African rand falls on Turkey contagion, SARB rate signals

JOHANNESBURG: South Africa's rand fell on Thursday, hurt by contagion from a sharp drop in the Turkish lira and...

Published 18 Nov, 2021 08:32pm

Forex

South Africa's rand firms, focus on central bank meeting

JOHANNESBURG: South Africa's rand firmed early on Monday as the dollar eased, with market focus in the week on...

Published 15 Nov, 2021 12:21pm

Financial

South African rand climbs to nine-week high vs dollar

 The rand traded at 17.3100 per dollar at 0615 GMT, up nearly 0.4pc from its previous close and its strongest since

Published 28 May, 2020 11:10am

Financial

Kenyan shilling weakens a notch on end-month importer demand

 At 0823 GMT, commercial banks quoted the shilling at 107.10/30 per dollar, compared with 107.05/25 at Tuesday's clo

Published 27 May, 2020 11:11am

Financial

Kenyan shilling steady amid slight pick up in dollar demand

NAIROBI: The Kenyan shilling held steady on Tuesday amidst some dollar demand from merchandise importers and the energy

Published 26 May, 2020 11:01am

Financial

Ugandan shilling little-changed, may firm on charity and coffee inflows

KAMPALA: The Ugandan shilling was little-changed on Tuesday but was expected to strengthen, helped by some dollar inflow

Published 26 May, 2020 10:41am

Financial

South Africa's rand retreats as US-China tensions dim rate cut cheer

The rand was 0.62pc weaker at 17.7200 per dollar, having rallied to 17.5100, its highest since March 27. Bonds

Published 22 May, 2020 11:08am

Financial

Kenyan shilling stable, supported by tight liquidity

At 0837 GMT, commercial banks quoted the shilling at 106.75/95 per dollar, compared with 106.70/90 at Thursday's cl

Published 22 May, 2020 09:39am

Financial

South Africa's rand retreats as investors await rates decision

The rand was 0.55pc weaker at 18.0250 per US dollar after hitting 17.8920, its firmest since April 9, in the previo

Published 21 May, 2020 01:32pm

Financial

Kenyan shilling steady, helped by tight liquidity

At 0958 GMT, commercial banks quoted the shilling at 106.75/95 per dollar, compared with 106.70/90 at Wednesday's c

Published 21 May, 2020 11:02am

Financial

Ugandan shilling steady helped by auction and commodity exports

At 0925 GMT commercial banks quoted the shilling at 3,785/3,795, same level as Wednesday's close. KAMPALA: Th

Published 21 May, 2020 10:52am

Financial

South Africa's rand firms as vaccine hopes boost risk demand

At 0700 GMT the rand was 0.14pc firmer at 18.3200 per dollar, versus an overnight close of 18.3460. Optimism t

Published 20 May, 2020 10:05am

Financial

Kenyan shilling steady, tight liquidity helps

At 0748 GMT, commercial banks quoted the shilling at 106.70/90 per dollar, the same as Tuesday's close. NAIRO

Published 20 May, 2020 09:40am

Financial

Turkish lira rallies against dollar on rising risk appetite

The lira, which has been trading near its weakest ever levels reached during a currency crisis in 2018, firmed as f

Published 17 Apr, 2020 12:43pm

Financial

Kenya's shilling seen under pressure next week

The kwacha is likely to hold in a range against the US dollar next week as market players sell hard currency for kw

Published 16 Apr, 2020 12:42pm

Financial

South African rand falls most on surprise rate cut; stocks slip

The rand weakened about 1.5pc to the dollar after South Africa's central bank delivered a surprise 100 basis point

Published 15 Apr, 2020 01:19pm

Financial

Turkish lira weakens to lowest level since Aug. 2018

The lira stood at 6.8580 against the dollar 0834 GMT, its lowest since August 2018, weakening from a close of 6.820

Published 15 Apr, 2020 01:17pm

Financial

Kenyan shilling remains unchanged against the dollar

At 1013 GMT, commercial banks quoted the shilling at 105.80/106.00 per dollar, the same as Tuesday's close. "N

Published 15 Apr, 2020 12:51pm

Financial

Ugandan shilling strengthens amid coronavirus-induced lockdown

At 1009 GMT commercial banks quoted the shilling at 3,750/3,760, compared to Tuesday's close of 3,765/3,775.

Published 15 Apr, 2020 12:50pm

Financial

South Africa's rand firms as Chinese trade data lifts riskier currencies

The rand traded at 18.0600 per dollar, 0.2pc firmer than its previous close. South Africa entered a recession

Published 14 Apr, 2020 11:29am

Financial

Kenyan shilling stable on weak dollar demand

At 0834 GMT, commercial banks quoted the shilling at 105.60/80 per dollar, the same as last Thursday's close.

Published 14 Apr, 2020 11:09am

Financial

Ugandan shilling posts some gains as banks pare positions

At 0936 GMT commercial banks quoted the shilling at 3,765/3,775, compared to last Thursday's close of 3,780/3,790.

Published 14 Apr, 2020 10:55am

Financial

Ugandan shilling weakens due to commercial bank dollar demand

At 1041 GMT, commercial banks quoted the shilling at 3,800/3,810, compared to Tuesday's close of 3,770/3,780.

Published 08 Apr, 2020 01:53pm

Financial

South Africa's rand rallies with riskier assets on signs of slower coronavirus infection rates

Stocks were also significantly higher, as yield and value hungry investors kept on the sidelines during recent vola

Published 07 Apr, 2020 03:13pm

Financial

Turkish lira firms on coronavirus slowdown hopes

The lira stood at 6.7185 against the dollar at 0828 GMT, firming from a close of 6.7915 on Monday. Turkey's de

Published 07 Apr, 2020 01:31pm

Financial

Kenyan shilling weakens as players beef up positions

At 0852 GMT, commercial banks quoted the shilling at 106.30/50 per dollar, compared with 106.20/40 at Friday's clos

Published 06 Apr, 2020 01:16pm

Financial

Kenyan shilling seen under pressure as economy reels from virus

At 1029 GMT, commercial banks quoted the shilling at 105.80/106.00 against the dollar, compared with 105.75/95 at T

Published 03 Apr, 2020 01:32pm

Financial

Turkey's lira edges up as trade sags, Ankara eyes next step

The lira was up some 0.3pc to 6.6840 against the dollar by 0812 GMT, from Wednesday's close of 6.7040. The tra

Published 02 Apr, 2020 01:09pm

Financial

Tightening liquidity helps to support Ugandan shilling

At 0927 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Wednesday's closing price. K

Published 02 Apr, 2020 12:31pm

Financial

Kenyan shilling weakens against the dollar

At 0935 GMT, commercial banks quoted the shilling at 105.75/95 per dollar, compared with 105.45/75 at Wednesday's c

Published 02 Apr, 2020 11:27am

Financial

Ugandan shilling holds steady due to reduced market activity

At 1009 GMT, commercial banks quoted the shilling at 3,785/3,795, unchanged from Tuesday's closing price. KA

Published 01 Apr, 2020 02:16pm

Financial

Ugandan shilling holds steady against the dollar

At 0918 GMT, commercial banks quoted the shilling at 3,785/3,797, unchanged from Monday's closing price. KAMP

Published 31 Mar, 2020 01:41pm

Financial

Kenyan shilling edges down against dollar

At 1057 GMT, commercial banks quoted the shilling at 105.10/30 per dollar, compared with 104.95/15 at Monday's clos

Published 31 Mar, 2020 12:48pm

Financial

Kenyan shilling holds steady against the dollar

At 0950 GMT, commercial banks quoted the shilling at 104.55/75 per dollar, compared with 104.50/70 at Friday's clos

Published 30 Mar, 2020 03:52pm

Financial

Turkish lira slides 2pc, airlines hit as coronavirus spreads

Airline shares also came under pressure, hit by a drastic reduction in flights, with Pegasus Airlines halting domes

Published 30 Mar, 2020 01:48pm

Financial

Kenyan shilling gains ground, helped by lacklustre dollar demand

The government has also announced a series of measures including tax cuts to cushion the economy from coronavirus.

Published 27 Mar, 2020 12:51pm

Financial

Turkey's lira slides as tourism, trade brace for virus impact

The lira weakened to 6.454 against the dollar at 1011 GMT, compared to Thursday's close of 6.4. The government

Published 27 Mar, 2020 11:39am

Financial

South Africa's rand weaker as national lockdown approaches

The rand was 0.4pc weaker at 17.4050 per dollar, snapping a two-session rally that had driven the unit to 17.1900,

Published 26 Mar, 2020 02:15pm

Financial

South Africa's rand rises on Fed support even as lockdown looms March 24,

The rand traded at 17.7200 to the dollar, 0.73pc stronger than its previous close. Stocks also rose. The rand

Published 24 Mar, 2020 12:41pm

Financial

Turkish lira rebounds after central banks ramp up funding

The lira stood at 6.5250 against the dollar by 0911 GMT, having firmed as far as 6.4800 from a close of 6.5600.

Published 24 Mar, 2020 12:36pm

Financial

Kenya shilling weakening caused by 'malicious actors': central banker

He also accused unnamed traders, or "malicious actors", of contributing to the weakening through indiscipline.

Published 24 Mar, 2020 12:29pm

Financial

South Africa's rand on the ropes as virus fears mount

The rand traded 1.08pc weaker at 17.7200 per dollar, after hitting a high of 17.5800 earlier in the session as it e

Published 23 Mar, 2020 04:01pm

Financial

Ugandan shilling extends losing streak amid demand by banks, offshore investors

At 0747 GMT commercial banks quoted the shilling at 3,840/3,850, compared to Friday's close of 3,820/3,830. K

Published 23 Mar, 2020 11:42am

Financial

Turkish lira headed for 6th stumble in last 8 days

The lira stood at 6.5920 against the dollar by 0826 GMT, from Friday's close of 6.5480. The consumer confidenc

Published 23 Mar, 2020 10:59am

Financial

Kenyan shilling edges down as investors flee to safety

The shilling fell close to its record low on Friday due to concerns about the impact of the coronavirus outbreak.

Published 23 Mar, 2020 10:43am

Financial

Kenyan shilling hammered by the impact of coronavirus

The government has closed down schools indefinitely, restricted large public gatherings and limited entry into Keny

Published 20 Mar, 2020 01:52pm

Financial

South Africa's rand, stocks bounce as central bank measures ease virus pain

The South African Reserve Bank (SARB) announced additional emergency liquidity measures to ease the stress on banks

Published 20 Mar, 2020 12:35pm

Financial

South Africa's rand firms ahead of inflation data

The rand was 0.07pc firmer at 14.9930 against a close of 15.0030. The rand has fallen more than 7pc since begi

Published 19 Feb, 2020 11:28am

Financial

Ugandan shilling flat amid some charity flows

The shilling at 3,665/3,675, unmoved from Tuesday's close. KAMPALA: The Ugandan shilling traded stable on Wed

Published 19 Feb, 2020 10:42am

Financial

Kenyan shilling under pressure against the dollar

The shilling at 101.20/40 per dollar, compared with 101.00/20 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 19 Feb, 2020 10:41am

Financial

Uganda shilling weakens a touch on uptick in interbank demand

The shilling at 3,670/3,680, compared to Monday's close of 3,665/3,675. KAMPALA: The Ugandan shilling traded

Published 18 Feb, 2020 01:09pm

Financial

South Africa's rand ticks lower as Moody's stokes downgrade fears

The rand was 0.32pc lower at 15.0280 per dollar, its weakest level since Feb. 10, by 0600 GMT. Bonds were slig

Published 18 Feb, 2020 11:27am

Financial

Kenyan shilling weakens against the dollar

The shilling at 100.80/101.00 per dollar, compared with 100.60/80 at Monday's close. NAIROBI: The Kenyan shil

Published 18 Feb, 2020 11:20am

Financial

Turkish lira weakest since May as Syria, central bank decisions loom

The lira stood at 6.0680 at 0904 GMT, having weakened as far as 6.07 from a close of 6.0485 on Monday. ISTANB

Published 18 Feb, 2020 09:45am

Financial

Ugandan shilling stable, demand seen picking up after tax payments

The shilling at 3,665/3,675, same level as Friday's close. KAMPALA: The Ugandan shilling was stable on Monday

Published 17 Feb, 2020 03:27pm

Financial

South African rand firmer as China rate cut soothes virus anxiety

Bonds were slightly weaker with the yield on the benchmark government bond due in 2026, adding 1.5 basis points to

Published 17 Feb, 2020 11:24am

Financial

Kenyan shilling stable amid slow dollar demand

The shilling at 100.55/75 per dollar, the same as Friday's close. NAIROBI: The Kenyan shilling was stable on

Published 17 Feb, 2020 10:59am

Financial

South Africa's rand firmer after Ramaphosa's speech

The rand was 0.41pc stronger at 14.8910 per dollar. Eskom supplies more than 90pc of South Africa's electricit

Published 14 Feb, 2020 11:32am

Financial

Kenyan shilling stable, helped investors buying government bonds

The shilling at 100.50/70 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling held steady

Published 14 Feb, 2020 10:54am

Financial

Ugandan shilling stable, dollar demand slow

The shilling at 3,660/3,670, same level as Thursday's close. KAMPALA: The Ugandan shilling was unchanged on F

Published 14 Feb, 2020 10:17am

Financial

South African rand falls as virus death toll knocks risk appetite

The rand traded at 14.9500 per dollar, 0.67pc weaker than its previous close. South Africa, investors await Pr

Published 13 Feb, 2020 10:32am

Financial

Kenyan shilling stable, expected to trade in narrow range

The shilling at 100.50/70 per dollar, compared with 100.55/75 at Wednesday's close. NAIROBI: The Kenyan shill

Published 13 Feb, 2020 09:59am

Financial

South Africa's rand falls after dismal data, stocks rise

The rand was 0.3pc weaker at 14.8700 per dollar, retreating after sailing to a session best of 14.7320. On the

Published 12 Feb, 2020 04:05pm

Financial

Turkish lira weakens on concerns of escalation in Syria

The lira stood at 6.0595 at 1520 GMT, weakening from a close of 6.0170. Earlier, it declined as much as 0.79pc

Published 12 Feb, 2020 04:02pm

Financial

Kenyan shilling weakens due to importer dollar demand

The shilling at 100.65/85 per dollar, compared with 100.55/75 at Monday's close. NAIROBI: The Kenyan shilling

Published 12 Feb, 2020 12:35pm

Financial

South Africa's rand firms; focus shifts to data, Ramaphosa speech

The yield on the benchmark government bond due in 2026 was down 1.5 basis points to 7.995pc. Traders were wait

Published 11 Feb, 2020 11:57am

Financial

Ugandan shilling stable, seen stronger as commercial banks sell dollars

The shilling at 3,665/3,675, compared to Monday's close of 3,670/3,680. KAMPALA: The Ugandan shilling was sta

Published 11 Feb, 2020 11:06am

Financial

Turkish lira weakens on concern over conflict in Syria

The lira weakened as far as 6.04250 against the dollar from a close of 6.0075 on Monday. Its volatility has sp

Published 11 Feb, 2020 10:32am

Financial

Kenyan shilling weakens due to increased importer dollar demand

The shilling at 100.60/80 per dollar, compared with 100.35/55 at Friday's close. Kenya's financial markets wil

Published 10 Feb, 2020 02:00pm

Financial

Turkish lira rebounds from sharp selloff after regulator steps in

The lira strengthened to as low as 5.975 against the dollar and was worth 5.9955 at 0817 GMT. The currency's o

Published 10 Feb, 2020 12:28pm

Financial

Ugandan shilling unchanged on lacklustre dollar demand

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 10 Feb, 2020 11:18am

Financial

Turkey's lira slides to weakest level since May

The lira was down 0.6pc at 6.0275 against the dollar at 1438 GMT, on track for its sharpest daily drop in weeks.

Published 07 Feb, 2020 03:32pm

Financial

South Africa's rand falls as business confidence weakens

The rand was 0.12pc weaker at 14.9200 per dollar, extending a 1pc slide in the previous session as selling was spur

Published 07 Feb, 2020 11:10am

Financial

Kenyan shilling stable, forecast to trade in narrow range

The shilling at 100.35/55 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling was stable o

Published 07 Feb, 2020 10:19am

Financial

Ugandan shilling stable, commodity inflows to offer support

The shilling at 3,670/3,780, same level as Wednesday's close. KAMPALA: The Ugandan shilling was stable on Thu

Published 06 Feb, 2020 12:11pm

Financial

Kenya's shilling stable, remittance inflows meet importer demand

The shilling at 100.35/55 per dollar, the same as Wednesday's close. NAIROBI: The Kenyan shilling held steady

Published 06 Feb, 2020 10:56am

Financial

Kenyan shilling strengthened due to inflows from remittances

The shilling at 100.20/40 per dollar, compared with 100.30/50 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 05 Feb, 2020 11:09am

Financial

South Africa's rand firmer as virus selloff pauses

The rand was 0.43pc firmer at 14.9650 per dollar, having ended at 15.0300 on Friday. The sharp fall in the ran

Published 03 Feb, 2020 12:32pm

Financial

Kenyan shilling strengthens, remittances help

The shilling at 100.35/55 per dollar, compared with 100.45/65 at Friday's close. NAIROBI: The Kenyan shilling

Published 03 Feb, 2020 12:30pm

Financial

Ugandan shilling stable due to low dollar demand from commercial banks

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 03 Feb, 2020 10:50am

Financial

South Africa's rand marks time as China virus, power cuts weigh

The rand traded at 14.7500 versus the dollar, 0.1pc higher than its New York close on Thursday. Government bon

Published 31 Jan, 2020 01:46pm

Financial

Kenyan shilling firms against the dollar

The shilling at 100.45/65 per dollar, compared with 100.55/75 per dollar at Thursday's close. NAIROBI: The Ke

Published 31 Jan, 2020 11:54am

Financial

Ugandan shilling stable amid low dollar appetite, charity flows

The shilling at 3,673/3,683, unchanged from Thursday. KAMPALA: The Ugandan shilling was stable on Friday, par

Published 31 Jan, 2020 10:46am

Financial

Kenyan shilling strengthens against the dollar

The shilling at 100.60/80 per dollar, compared with 100.70/90 at Wednesday's close. NAIROBI: The Kenyan shill

Published 30 Jan, 2020 11:55am

Financial

Turkish lira 'competitive' at current level

The lira stood at 5.9845 against the US dollar at 08:43 GMT, down 0.4% from the day before. The central bank d

Published 30 Jan, 2020 11:26am

Financial

South Africa's rand steady as investors assess virus fallouts

The rand traded at 14.5250 per dollar, 0.12pc firmer than its previous close. Investors will look for more dir

Published 29 Jan, 2020 12:28pm

Financial

Kenyan shilling firm against end month dollar demand

The shilling at 100.75/95 per dollar, compared with 100.85/101.05 at Tuesday's close. NAIROBI: The Kenyan shi

Published 29 Jan, 2020 11:32am

Financial

Ugandan shilling weakens a touch on uptick in importer demand

The shilling at 3,680/3,690, a touch weaker than Tuesday's close of 3,675/3,685. KAMPALA: The Ugandan shillin

Published 29 Jan, 2020 11:02am

Financial

South Africa's rand firms slightly but sentiment stays weak on coronavirus

The rand traded at 14.5800 per dollar, 0.17pc firmer than its previous close. The yield on the benchmark gover

Updated 04 Mar, 2020 10:41am

Financial

Kenyan shilling broadly stable against end month demand

The shilling at 100.85/101.05 per dollar, the same as Monday's close. NAIROBI: The Kenyan shilling was broadl

Published 28 Jan, 2020 10:41am

Financial

Ugandan shilling unchanged as banks, importers stay on sidelines

The shilling at 3,675/3,685, same level as Monday's close. KAMPALA: The Ugandan shilling traded in the same p

Published 28 Jan, 2020 10:05am

Financial

South African rand weaker as investors calculate impact of China virus

The rand traded at 14.4800 versus the dollar, 0.59pc percent lower than its New York close on Friday. The rand

Published 27 Jan, 2020 11:10am

Financial

Kenyan shilling unchanged as players eye central bank rate decision

The shilling at 100.85/101.05 per dollar, the same as Friday's close. NAIROBI: The Kenyan shilling was broadl

Published 27 Jan, 2020 10:27am

Financial

Ugandan shilling stable, to firm helped by Treasury bill auction

The shilling at 3,675/3,685, same level as Friday's close. KAMPALA: The Ugandan shilling was unchanged on Mon

Published 27 Jan, 2020 10:25am

Financial

Turkey's Albayrak says lira 'looks competitive' at 5.7-5.9 vs dollar

The government measures, including curbs on foreign-exchange and reserve requirements meant to boost lending.

Published 24 Jan, 2020 12:15pm

Financial

South African rand flat as global markets steady

The rand traded at 14.3950 versus the dollar, barely changed from its previous close. Government bonds dipped

Published 24 Jan, 2020 11:43am

Financial

Kenyan shilling stable as demand muted ahead of rate decision

The shilling at 100.75/95 per dollar, the same as Thursday's close. NAIROBI: The Kenyan shilling was firm on

Published 24 Jan, 2020 11:12am

Financial

Ugandan shilling holds steady against the dollar

The shilling at 3,670/3,680, the same as Thursday's closing rate. KAMPALA: The Ugandan shilling held firm aga

Published 24 Jan, 2020 10:28am

Financial

Kenyan shilling inches up against the dollar

The shilling at 100.80/101.00 per dollar, compared with 100.90/101.10 at Tuesday's close. NAIROBI: The Kenyan

Published 22 Jan, 2020 11:27am

Financial

Ugandan shilling holds steady, demand for dollars eyed

The shilling at 3,670/3,680, unchanged from Tuesday's closing rate. KAMPALA: The Uganda shilling held firm on

Published 22 Jan, 2020 11:12am

Financial

S.Africa's rand nearly unchanged after Fitch's ratings decision

Rand was trading at 14.310 versus the greenback at 0506 GMT. Government bonds were flat, with the yield on ben

Published 19 Dec, 2019 12:20pm

Financial

Ugandan shilling little-changed amid thin importer demand

The shilling at 3,659/3,669, compared with Wednesday's close of 3,663/3,673. KAMPALA: The Ugandan shilling wa

Published 19 Dec, 2019 09:56am

Financial

South Africa's rand down as gains on global sentiment fade

The rand was 14.4480 versus the greenback by 0814 GMT, 0.4pc weaker than the previous day's close. Government

Published 18 Dec, 2019 12:21pm

Financial

Kenyan shilling strengthens against the dollar

The shilling at 101.25/45 per dollar, compared with 101.40/60 at Tuesday's close. NAIROBI: The Kenyan shillin

Published 18 Dec, 2019 12:01pm

Financial

South African rand slips, stocks boosted by electricity supply relief

The rand was 0.43pc weaker at 14.4280 per dollar compared with an opening level of 14.3860. The rand rallied c

Published 17 Dec, 2019 04:12pm

Financial

Kenyan shilling stable on tourism, remittances, thin demand

The shilling at 101.50/70 per dollar, the same as Monday's close. NAIROBI: The Kenyan shilling was stable aga

Published 17 Dec, 2019 03:11pm

Financial

Turkish lira hits weakest level against dollar in almost 2 months

The lira traded at 5.8455 against the dollar at 0849 GMT. Turkey's jobless rate edged down to 13.8pc in August

Published 16 Dec, 2019 12:01pm

Financial

Ugandan shilling trades stable amid remittance, commodity flows

The shilling at 3,670/3,680, same level as Friday's close. KAMPALA: The Ugandan shilling traded stable on Mon

Published 16 Dec, 2019 10:10am

Financial

Ugandan shilling stable, to gain due to commodity dollar inflows

The shilling at 3,665/3,675, compared to Thursday's close of 3,668/3,678. KAMPALA: The Ugandan shilling stead

Updated 13 Jan, 2020 11:09pm

Financial

Ugandan shilling little-changed, may gain on charity flows

The shilling at 3,673/3,683, compared to Tuesday's close of 3,677/3,687. KAMPALA: The Ugandan shilling traded little

Published 11 Dec, 2019 10:42am

Financial

Ugandan shilling stable, expected to strengthen due to decreased importer demand

The shilling at 3,677/3,687, compared to Monday's close of 3,680/3,690. KAMPALA: The Ugandan shilling was sta

Published 10 Dec, 2019 12:06pm

Financial

South Africa's rand weak; focus on global cues ahead of US tariff deadline

The rand was down 0.38pc at 14.66, compared to a close of 14.6050 on Friday. The market is forecasting inflati

Published 09 Dec, 2019 11:48am

Financial

South Africa's rand stumbles as data shows struggling economy

The rand was 0.4pc weaker at 14.6600 per dollar from an overnight close of 14.6020. The statistics agency said

Published 05 Dec, 2019 10:40am

Financial

South African rand dips before GDP data

The rand traded at 14.5730 versus the dollar, 0.2pc weaker than its previous close. Government bonds were flat

Published 03 Dec, 2019 01:57pm

Financial

Ugandan shilling holds steady, seen coming under pressure

The shilling at 3,690/3,700, same level as Friday's close. KAMPALA: The Ugandan shilling was stable on Monday

Published 02 Dec, 2019 12:34pm

Financial

South Africa's rand dips ahead of trade, budget data

The rand was 0.24pc weaker at 14.7350 per dollar, compared with an overnight close of 14.70. Bonds edged firme

Published 29 Nov, 2019 12:05pm

Financial

Kenyan shilling under pressure from end month importer demand

The shilling at 102.80/90 per dollar, compared with 102.70/80 at Thursday's close. NAIROBI: The Kenyan shilli

Published 29 Nov, 2019 10:33am

Financial

South Africa's rand weakens on US-China trade deal doubts

The rand was 0.16pc weaker at 14.7760 per dollar versus an overnight close of 14.7350. Bonds were also weaker,

Published 28 Nov, 2019 01:38pm

Financial

Uganda shilling trades stable as offshore flows offer support

The shilling at 3,695/3,705, unchanged from Wednesday's close. KAMPALA: The Ugandan shilling was unchanged on

Published 28 Nov, 2019 11:46am

Financial

South Africa's rand dips as U.S.-China trade deal uncertainty lingers

Bonds were slightly weaker, with the benchmark government issue due in 2026, adding 0.5 basis point to 8.48pc.

Published 27 Nov, 2019 12:38pm

Financial

Ugandan shilling unchanged as banks and importers trim appetite

The shilling at 3,690/3,700, same level as Tuesday's close. KAMPALA: The Ugandan shilling was unchanged on We

Published 27 Nov, 2019 10:56am

Financial

Kenyan shilling weakens on end month demand

The shilling at 102.35/55 per dollar, compared with 102.00/20 at Monday's close. NAIROBI: The Kenyan shilling

Published 26 Nov, 2019 11:20am

Financial

South Africa's rand rises on S&P ratings reprieve

The rand was 0.41pc firmer at 14.6750 per dollar by 0620 GMT, compared with an opening level of 14.7300. Bonds

Published 25 Nov, 2019 02:01pm

Financial

Ugandan shilling weakens amid a rise in demand by banks and importers

The shilling at 3,690/3,700, compared to Friday's close of 3,680/3,690. KAMPALA: The Ugandan shilling weakene

Published 25 Nov, 2019 10:58am

Financial

Kenyan shilling weakens against the dollar amid end-month demand

The shilling at 101.70/90 per dollar, compared with 101.55/75 at Friday's close. NAIROBI: The Kenyan shilling

Published 25 Nov, 2019 10:55am

Financial

Kenyan shilling extends gains against the dollar

Kenyan shilling gained against the dollar on Wednesday with dollar supply from diaspora remittances. NAIROBI:

Published 20 Nov, 2019 01:39pm

Financial

Ugandan shilling unchanged as banks' and importer demand slackens

Commercial banks quoted the shilling at 3,685/3,695, unchanged from Tuesday. KAMPALA: The Ugandan shilling ex

Published 20 Nov, 2019 01:10pm

Financial

South Africa rand and bonds bounce on Moody's ratings reprieve

Moody's affirms investment-grade rating, Some investors had feared move to "junk" Rand, bonds see relief rally

Published 04 Nov, 2019 04:27pm

Financial

South African rand, stocks gain; focus on Moody's review

South Africa faces a potentially material 'slap on the wrists' by Moody's credit rating agency later today. Th

Published 01 Nov, 2019 04:11pm

Financial

South Africa's rand firmer as investors await next week's budget

The yield on the benchmark government bond due in 2026 was down 4.5 basis points to 8.17pc. Gold miners were t

Published 25 Oct, 2019 08:47pm

Financial

Kenyan shilling stable on tightening liquidity

Commercial banks quoted the shilling at 103.65/75 per dollar. NAIROBI: The Kenyan shilling was stable against

Published 17 Oct, 2019 10:17am

Financial

Ugandan shilling stable on lacklustre appetite

Commercial banks quoted the shilling at 3,690/3,700. KAMPALA: The Ugandan shilling traded stable on Wednesday

Published 16 Oct, 2019 11:38am

Financial

Kenyan shilling strengthens against the dollar

Commercial banks quoted the shilling at 103.55/75 per dollar. NAIROBI: The Kenyan shilling strengthened again

Published 15 Oct, 2019 11:06am

Financial

South Africa's rand steady on thaw in trade tensions

"The current levels of the local unit likely to attract some dollar buying interest, technically an attempt on 14.6

Published 14 Oct, 2019 02:07pm

Financial

Turkish lira slips but traders doubt Trump's sanctions threat

The lira weakened to 5.9205 against the U.S. dollar. The currency, which suffered a crisis last year that knoc

Published 14 Oct, 2019 01:02pm

Financial

Ugandan shilling weakens as rate cut spurs banks to beef up positions

Commercial banks quoted the shilling at 3,697/3,707, compared to Thursday's close of 3,680/3,700. KAMPALA: Th

Published 11 Oct, 2019 12:46pm

Financial

South African rand stronger as dollar dips

The U.S. currency dropped amid mixed signals over whether the United States and China were making progress in resol

Published 10 Oct, 2019 11:36am

Financial

Turkish lira weakens after Turkey launches Syria ground assault

The lira weakened to 5.88 against dollar from a close of 5.8740 a day earlier. The lira has come under pressur

Published 10 Oct, 2019 09:45am

Financial

Turkish lira weakens slightly, focus turns to Syria offensive

The lira has been pulled in both directions this week by comments from U.S. President Donald Trump. The lira t

Published 09 Oct, 2019 12:30pm

Financial

South Africa's rand pauses slide as risk clouds gather

The rand was up 0.1pc at 15.2575 per dollar, a small move off its overnight low of 15.3050. The South African

Published 09 Oct, 2019 11:16am

Financial

Kenyan shilling strengthens against the dollar

Commercial banks quoted the shilling at 103.65/85 per dollar. NAIROBI: The Kenyan shilling strengthened again

Published 09 Oct, 2019 10:18am

Financial

Ugandan shilling biased on weaker side as rate cut triggers pressure

The central bank made an unexpected cut by 100 basis points to its policy rate this week. KAMPALA: The Uganda

Published 08 Oct, 2019 01:47pm

Financial

South Africa's rand firmer as 15/$ mark lures in bulls

"The rand does feel like it has perhaps a little more room to correct or consolidate, and perhaps squeeze some stal

Published 08 Oct, 2019 11:04am

Financial

Kenyan shilling firms against the dollar

The Kenyan shilling firmed slightly against the dollar on Tuesday as inflows from diaspora and offshore investors b

Published 08 Oct, 2019 10:15am

Financial

Turkish lira trims losses, but worries over Syria persist

Turkey's lira recovered on Tuesday after reaching its weakest level in more than a month. The lira, which lost

Published 08 Oct, 2019 09:54am

Financial

South African rand steady, focus on Sino-U.S. trade talks

South Africa's rand was steady in early trade on Monday, as investors waited for the U.S.-China talks due to start

Published 07 Oct, 2019 01:07pm

Financial

Turkish lira weakens 1pc on Syria operation concerns

The lira was trading at 5.7450 at 0717 GMT, weakening from a close of 5.7000 on Friday. Earlier, it weakened as far

Published 07 Oct, 2019 12:50pm

Financial

Kenyan shilling stable, inflows from government bond buyers helping

Kenyan shilling was stable on Monday, with inflows from investors buying government Treasury bills and bonds seen o

Published 07 Oct, 2019 10:33am

Financial

Kenyan shilling strengthens on waning importer demand

Kenyan shilling strengthened against the dollar on Friday supported by inflows from diaspora remittances and waning

Published 04 Oct, 2019 11:47am

Financial

South Africa's rand weakens as global recession fears weigh

Bonds were flat, with the yield on the benchmark government issue due in 2026 steady at 8.355%. South Africa's

Published 02 Oct, 2019 11:06am

Financial

Ugandan shilling slightly stronger, liquidity injection could trim gains

The Ugandan shilling traded slightly stronger on Wednesday but was seen likely to reverse gains on the back of a lo

Published 02 Oct, 2019 10:15am

Financial

Ugandan shilling flat as charity flows match importer demand

The Ugandan shilling as inflows from non-governmental organisations met with sagging importer appetite. KAMPA

Published 25 Sep, 2019 01:18pm

Financial

Kenyan shilling steady, remittances help meet end-month demand

The Kenyan shilling was forecast to trade in a narrow range with inflows from diaspora remittances expected.

Published 25 Sep, 2019 01:03pm

Financial

South Africa's rand firms as global monetary easing takes spotlight

South Africa's rand inched up against the dollar in early trade on Friday. The rand was 0.05% firmer at 14.592

Published 13 Sep, 2019 09:03am

Financial

Nigerian, Kenyan currencies seen stable in the week ahead

Nigerian naira and the Kenyan shilling are expected to be stable against the dollar. The bank launched a 300 b

Published 12 Sep, 2019 01:37pm

Financial

South Africa's rand slips on dismal business confidence data; all eyes on ECB

Investors awaited outcome of an European Central Bank (ECB) meeting. South African Chamber of Commerce and Ind

Updated 12 Sep, 2019 11:17am

Financial

Rouble firms on thaw in U.S.-China trade war, keeps ECB in focus

MOSCOW: The Russian rouble firmed against the U.S. dollar on Thursday, helped by signs of a thaw in trade tensions betwe

Published 12 Sep, 2019 09:13am

Financial

Kenya's currency seen easing, Zambia, Uganda stable

LUSAKA: Kenya's shilling is expected to soften against the dollar in the coming week, while the currencies of Zambia, Ug

Published 05 Sep, 2019 09:01pm

Financial

South Africa's rand falls after poor current account data, stocks rise

JOHANNESBURG: South Africa's rand weakened on Thursday after data showed the current account deficit widened in the seco

Published 05 Sep, 2019 08:37pm

Financial

Pound tops $1.23 as no-deal Brexit prospect fades

LONDON: The British pound topped $1.23 on Thursday, hitting a one-month peak as the prospect of a "no deal" Brexit seeme

Published 05 Sep, 2019 06:52pm

Financial

Syrian pound falls to record low as economy hit by sanctions

BEIRUT: The Syrian pound fell to a record low on the black market, driven down by lack of central bank intervention and

Published 04 Sep, 2019 11:12pm

Financial

South Africa's rand extends rally to 4-week high, stocks up

JOHANNESBURG: South Africa's rand rose to a four-week high on Wednesday backed by a better-than-expected jump in second-

Published 04 Sep, 2019 09:03pm

Financial

South Africa's rand extends rally to 3-week high after GDP boost

JOHANNESBURG: South Africa's rand rose to a three-week high early on Wednesday following a better-than-expected jump in

Published 04 Sep, 2019 07:32am

Financial

South African rand flat as investors await GDP data

JOHANNESBURG: South Africa's rand traded sideways on Monday, with investors holding fire ahead of second quarter eco

Published 02 Sep, 2019 04:07pm

Financial

South African rand steady, focus on new U.S.-China tariffs

JOHANNESBURG: South Africa's rand steadied in early trade on Monday, struggling for momentum as the appetite for risk wa

Published 02 Sep, 2019 07:13am

Financial

South Africa's rand firms on improved risk appetite, stocks up

JOHANNESBURG: The South African rand firmed in afternoon trade on Thursday, supported by an improvement in investors' ri

Published 29 Aug, 2019 07:22pm

Financial

South Africa's rand weaker as risk sentiment sours

JOHANNESBURG: The South African rand weakened early on Thursday as risk sentiment globally continued to be shaken by the

Published 29 Aug, 2019 08:09am

Financial

South Africa's rand inches up in subdued trade

JOHANNESBURG: South Africa's rand rose early on Wednesday but remained largely within a recent range as traders continue

Published 28 Aug, 2019 08:19am

Financial

South Africa's rand weaker in cautious trade, stocks up

JOHANNESBURG: South Africa's rand weakened on Tuesday, with traders sceptical about comments by President Donald Trump e

Published 27 Aug, 2019 08:03pm

Financial

South Africa's rand weaker in cautious trade, stocks up

JOHANNESBURG: South Africa's rand weakened on Tuesday, with traders sceptical about comments by President Donald Tru

Published 27 Aug, 2019 04:25pm

Financial

South Africa's rand weaker in cautious trade

JOHANNESBURG: South Africa's rand weakened early on Tuesday, giving up small overnight gains as concerns about the U.S.-

Published 27 Aug, 2019 09:16am

Financial

South Africa's rand firms on weaker dollar after Fed chair speech

JOHANNESBURG: South Africa's rand firmed to a two-week high on Friday as the dollar slipped after US Federal Reserve Cha

Published 23 Aug, 2019 07:23pm

Financial

South African rand gains fade as investors left on edge over Fed

JOHANNESBURG: South Africa's rand was flat on Thursday, as a boost from lower-than-expected local inflation was overshad

Published 22 Aug, 2019 07:16pm

Financial

South Africa's rand pauses recent slide, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday, pulling back from an 11-month low as long dollar investors took

Published 20 Aug, 2019 03:49pm

Financial

South Africa's rand pauses recent slide as investors await next trigger event

JOHANNESBURG: South Africa's rand firmed early on Tuesday, pulling back from an 11-month low as long dollar investors to

Published 20 Aug, 2019 09:28am

Financial

Kenyan shilling stable against the dollar

NAIROBI: The Kenyan shilling was stable against the dollar on Monday with inflows from diaspora remittances helping meet

Published 19 Aug, 2019 02:26pm

Financial

South Africa's rand flat as investors weigh local, global risks

South Africa's rand was flat early on Monday, holding on to its brief recovery from last week as traders and investors c

Published 19 Aug, 2019 10:54am

Financial

South Africa's rand firms as investors await next bout of weakness

JOHANNESBURG: South Africa's rand was firmer early on Friday, adding to the previous session's gains in a recovery drive

Published 16 Aug, 2019 12:59pm

Financial

Kenyan shilling stable against dollar, as investors buy government debt

NAIROBI: The Kenyan shilling was firm against the dollar on Friday with inflows from portfolio investors buying governme

Published 16 Aug, 2019 12:41pm

Financial

South African rand and shares bounce from sharp losses

JOHANNESBURG: The South African rand firmed early on Thursday, pulling back from a slide to its lowest in nearly 11 mont

Published 15 Aug, 2019 12:08pm

Financial

Nigeria naira weakens on falling oil prices, lower bond yields

LAGOS: The Nigerian naira weakened to 364 per dollar on Friday, from a quote of 363.50 the previous day as falling oil p

Published 09 Aug, 2019 03:28pm

Financial

Turkish lira at strongest level in four months, outpacing EMs

ISTANBUL: The Turkish lira continued its winning run against peers on Thursday, firming 0.5pc to its strongest level sin

Published 08 Aug, 2019 12:19pm

Financial

South Africa's rand steadies after hitting 11-month low

South Africa's rand rose in early trade on Thursday, steadying after a week-long losing run that saw it sink to a 11-mon

Published 08 Aug, 2019 12:13pm

Financial

Kenyan shilling holds steady against the dollar

NAIROBI: The Kenyan shilling held steady against the dollar on Thursday with inflows from diaspora remittances and offsh

Published 08 Aug, 2019 12:02pm

Financial

South Africa's rand steadies after hitting 11-month low

South Africa's rand rose in early trade on Thursday, steadying after a week-long losing run that saw it sink to a 11-mon

Published 08 Aug, 2019 08:38am

Financial

South African rand flat, hovers near 2-month low

JOHANNESBURG: South Africa's rand was flat in early trade on Wednesday, hovering near two-month lows as it struggled for

Published 07 Aug, 2019 10:17am

Financial

Ugandan shilling trades flat on thin demand

KAMPALA: The Ugandan shilling traded in the same position on Tuesday from a day earlier as inflows of hard currency from

Published 06 Aug, 2019 12:15pm

Financial

South Africa's rand hits 7-week low as trade tensions heat up

JOHANNESBURG: South Africa's rand slipped to seven-week lows against the dollar on Monday, as prospects of a sharp e

Published 05 Aug, 2019 04:07pm

Financial

South Africa's rand hits 7-week low as trade tensions heat up

JOHANNESBURG: South Africa's rand slipped to seven-week lows against the dollar in early trade on Monday, as prospects o

Published 05 Aug, 2019 08:08am

Financial

South Africa's rand slides after U.S. Fed dashes expectations of deeper rate cuts

JOHANNESBURG: South Africa's rand retreated early on Thursday along with other emerging markets currencies, a day after

Published 01 Aug, 2019 08:45am

Financial

South Africa's rand steadies as markets await Fed verdict

JOHANNESBURG: South Africa's rand steadied against the dollar in late trade on Wednesday, as investors awaited a lik

Published 31 Jul, 2019 08:27pm

Financial

South Africa's rand steadies as Fed decision masks economic woes

JOHANNESBURG: South Africa's rand gained early on Wednesday, with a likely cut in interest rates by the U.S. Federal Res

Published 31 Jul, 2019 07:45am

Financial

South Africa's rand steadies, stocks down

JOHANNESBURG: South Africa's rand steadied on Tuesday as traders, eschewing big transactions despite poor unemployme

Published 30 Jul, 2019 07:54pm

Financial

Ugandan shilling seen weaker on interbank demand

NAIROBI: The Ugandan shilling traded unchanged on Tuesday although an uptick in interbank demand was seen putting the lo

Published 30 Jul, 2019 12:59pm

Financial

South Africa's rand treads water, focus on Eskom results

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Tuesday as investors looked ahead to sta

Published 30 Jul, 2019 10:09am

Financial

South Africa's rand regains ground; Eskom bonds fall

JOHANNESBURG: South Africa's rand bounced back from a four-week low against the dollar on Monday, but pessimism arou

Published 29 Jul, 2019 07:51pm

Financial

South Africa's rand steady; focus on unemployment, trade data

JOHANNESBURG: South Africa's rand steadied against the dollar in early trade on Monday, but the currency hovered near a

Published 29 Jul, 2019 07:21am

Financial

South Africa's rand, bonds tumble as Moody's and Fitch warn of Eskom risk

JOHANNESBURG: South Africa's rand tumbled to its weakest level in three weeks on Friday, while the yield on debt iss

Published 26 Jul, 2019 08:01pm

Financial

Turkish lira firms after sharp interest rate cut

ISTANBUL: Turkey's lira firmed slightly in choppy trading on Thursday after the central bank cut its policy rate more th

Published 25 Jul, 2019 04:03pm

Financial

Kenya's shilling drops to its lowest level in nearly two years

NAIROBI: Kenya's shilling dropped to 104.05/20 per dollar on Thursday, its lowest level in almost two years, traders sai

Published 25 Jul, 2019 12:22pm

Financial

South Africa's rand wobbled by Moody's warning over Eskom bailout

JOHANNESBURG: South Africa's rand weakened on Thursday, dragged lower by a Moody's report saying the government's propos

Published 25 Jul, 2019 11:59am

Financial

Turkish lira steady ahead of an expected sharp rate cut

ISTANBUL: The Turkish lira held steady on Thursday as investors waited to see how sharply the central bank would cut int

Published 25 Jul, 2019 11:57am

Financial

South Africa's rand firms as yield hunt outweighs fiscal pressures

JOHANNESBURG: South Africa's rand firmed early on Wednesday ahead of consumer inflation data, shaking off a growth down

Published 24 Jul, 2019 10:41am

Financial

Kenyan shilling holds steady against dollar

NAIROBI: Kenya's shilling was steady against the dollar on Wednesday in slow trade, taking a pause after two straight se

Published 24 Jul, 2019 10:03am

Financial

South Africa's rand firms as yield hunt outweighs fiscal pressures

JOHANNESBURG: South Africa's rand firmed early on Wednesday ahead of consumer inflation data, shaking off a growth downg

Published 24 Jul, 2019 08:29am

Financial

South Africa's rand, stocks slip as dollar bounces back

JOHANNESBURG: South Africa's rand edged weaker on Tuesday, losing momentum as the dollar surged and the appeal of th

Published 23 Jul, 2019 07:20pm

Financial

Ugandan shilling stable on muted importer demand for dollars

KAMPALA: The Ugandan shilling traded flat on Tuesday on the back of subdued appetite for hard currency from energy firm

Published 23 Jul, 2019 01:18pm

Financial

South Africa's rand steady as investors eye likely US, eurozone rate cuts

JOHANNESBURG: South Africa's rand was steady early on Tuesday as bets of rate cuts in the United States and Europe conti

Published 23 Jul, 2019 09:05am

Financial

South African rand firmer as carry trade trumps political wrangling

JOHANNESBURG: South Africa's rand rallied on Monday, brushing aside local political ructions as investors increased

Published 22 Jul, 2019 07:23pm

Financial

South African rand slightly weaker in early trade

JOHANNESBURG: South Africa's rand slipped slightly early on Monday, as investors scaled back their expectations for deep

Published 22 Jul, 2019 08:24am

Financial

South Africa's rand retreats as Fed pendulum swings back to soft cuts

JOHANNESBURG: South Africa's rand weakened on Friday, giving back some of the big gains from the previous session as exp

Published 19 Jul, 2019 07:18pm

Financial

South Africa's rand rallies after central bank cuts rates

JOHANNESBURG: South Africa's rand edged higher against the dollar in early Friday trade and bond yields fell after the c

Published 19 Jul, 2019 11:51am

Financial

South Africa's rand, bonds rally after central bank cuts rates

JOHANNESBURG: South Africa's rand rallied against the dollar on Thursday and bond yields fell after the central bank

Published 18 Jul, 2019 04:42pm

Financial

South Africa's rand edges up in early trade

JOHANNESBURG: South Africa's rand edged up in early trade on Thursday as the market awaits a local interest rate decisio

Published 18 Jul, 2019 08:25am

Financial

South Africa's rand softer ahead of rate decision, stocks slide

JOHANNESBURG: South Africa's rand edged lower on Wednesday in cautious trade ahead of an interest rate decision that

Published 17 Jul, 2019 04:02pm

Financial

South Africa's rand slips ahead of rate decision as trade fears weigh

JOHANNESBURG: South Africa's rand slipped against a firm dollar on Wednesday, as investors held off big trades a day ahe

Published 17 Jul, 2019 07:36am

Financial

South Africa's rand inches weaker in wait-and-see session

JOHANNESBURG: South Africa's rand edged weaker in subdued trade on Tuesday with market participants awaiting a local len

Published 16 Jul, 2019 09:03pm

Financial

South Africa's rand steady in early trade

JOHANNESBURG: South Africa's rand treaded water in early trade on Tuesday in the absence of local economic drivers as in

Published 16 Jul, 2019 08:13am

Financial

South Africa's rand, stocks boosted by global risk-on sentiment

JOHANNESBURG: South Africa's rand firmed on Monday as bets the Federal Reserve will cut interest rates next week continu

Published 15 Jul, 2019 08:42pm

Financial

South Africa's rand boosted by rise in risk-on sentiment

JOHANNESBURG: South Africa's rand inched up against the dollar on Monday after encouraging economic data from China assu

Published 15 Jul, 2019 09:55am

Financial

South Africa's rand set for weekly gains, stocks flat

JOHANNESBURG: South Africa's rand retreated from a five-month high on Friday as risk appetite subdued, but was on tr

Published 12 Jul, 2019 05:22pm

Financial

Kenyan, Tanzanian currencies seen weakening, Zambian Kwacha gaining

NAIROBI: Kenyan and Tanzanian currencies are likely to come under pressure next week as Zambia's holds firm. KENY

Published 11 Jul, 2019 03:49pm

Financial

South African rand stronger with Fed seen cutting rates

JOHANNESBURG: South Africa's rand strengthened on Thursday after the chairman of the Federal Reserve set the stage for a

Published 11 Jul, 2019 08:22am

Financial

South Africa's rand firms on Powell's remarks, Kganyago reappointment

JOHANNESBURG: South Africa's rand firmed on Wednesday as the dollar weakened after US Federal Reserve Chairman Jerom

Published 10 Jul, 2019 04:22pm

Financial

South Africa's rand slips in cautious trade as investors await Fed clues

JOHANNESBURG: South Africa's rand inched weaker early on Wednesday in subdued trading as investors looked to limit big b

Published 10 Jul, 2019 10:27am

Financial

South Africa's rand steady as traders eye Fed, stocks down

JOHANNESBURG: South Africa's rand steadied against the dollar on Tuesday, struggling for momentum as investors await

Updated 09 Jul, 2019 04:04pm

Financial

South Africa's rand steady as Fed cut bets fade

JOHANNESBURG: South Africa's rand steadied against a firmer dollar in afternoon trade on Monday, after last week's s

Updated 08 Jul, 2019 05:05pm

Financial

Rand rattled by stronger U.S payrolls data, South African stocks slip

JOHANNESBURG: The rand slumped on Friday as data showing US job growth rebounded strongly in June sent the dollar sharpl

Published 05 Jul, 2019 07:15pm

Financial

South Africa's rand steady as market awaits U.S. jobs report

JOHANNESBURG: South Africa's rand was little changed against the dollar early on Friday, as investors braced for U.S. em

Published 05 Jul, 2019 08:50am

Financial

Kenyan shilling to firm, Zambia kwacha to hold steady

KAMPALA: Kenya's shilling is forecast to strengthen in the next week to Thursday, while Zambia's kwacha will be stable,

Published 04 Jul, 2019 10:07pm

Financial

South Africa's rand firms to 3-month high, stocks down

JOHANNESBURG: South Africa's rand rose against the dollar on Thursday to hit its strongest in nearly three months, track

Published 04 Jul, 2019 09:25pm

Financial

South Africa's rand firms to new 3-month high as Fed cut back in play

JOHANNESBURG: South Africa's rand firmed early on Thursday, tracking fellow emerging market currencies as expectations t

Published 04 Jul, 2019 09:03am

Financial

South Africa's rand steady as trade woes hit EM currencies, stocks dip

JOHANNESBURG: South Africa's rand was little changed late on Wednesday, struggling for momentum along with stocks as wor

Published 03 Jul, 2019 07:08pm

Financial

South Africa's rand slips as bulls favour caution

JOHANNESBURG: South Africa's rand weakened on Wednesday before domestic manufacturing and business confidence data as tr

Published 03 Jul, 2019 07:32am

Financial

South Africa's rand firms as dollar slips, stocks down

JOHANNESBURG: South Africa's rand firmed against the US dollar on Tuesday, helped by a weaker greenback as optimism abou

Published 02 Jul, 2019 07:33pm

Financial

South Africa's rand steady as global risk appetite fades

JOHANNESBURG: South Africa's rand was little changed early on Tuesday, struggling for momentum as investors awaited loca

Published 02 Jul, 2019 09:54am

Financial

Turkish lira soars nearly 2.8pc after Trump-Erdogan meeting

ISTANBUL: The Turkish lira soared nearly 2.8pc on Monday to its strongest level since April after President Tayyip Erdog

Published 01 Jul, 2019 07:45pm

Financial

South African rand flat as dollar rebound blocks surge to 14 mark

JOHANNESBURG: South Africa's rand inched firmer on Monday, clinging on to a month's worth of gains towards the crucial 1

Published 01 Jul, 2019 07:20pm

Financial

South African rand firmer as bulls wrestle bears ahead of G20

JOHANNESBURG: South Africa's rand advanced for a third straight session early on Friday, as easing trade tensions betwee

Published 28 Jun, 2019 09:28am

Financial

South Africa's rand lifted by hopes of US-China trade truce

JOHANNESBURG: South Africa's rand gained on Thursday on hopes the United States and China could reach an agreement at th

Published 27 Jun, 2019 07:07pm

Financial

Kenyan Shilling seen under pressure, Zambian Kwacha firm

NAIROBI: Kenya's currency is likely to come under pressure next week as Zambia's holds firm and those of Nigeria, Ta

Published 27 Jun, 2019 03:50pm

Financial

South Africa's rand firmer as trade talk hopes rise, stocks edge up

JOHANNESBURG: South Africa's rand firmed on Wednesday as risk appetite improved after comments from the US Treasury Secr

Published 26 Jun, 2019 07:25pm

Financial

South Africa's rand gains as risk demand slows

JOHANNESBURG: South Africa's rand clung to recent gains early on Wednesday as global risk appetite retreated after the U

Published 26 Jun, 2019 08:31am

Financial

South Africa's rand firmer as dollar dips on US rate cut bets

JOHANNESBURG: South Africa's rand firmed on Tuesday as the prospect of monetary easing by the Federal Reserve knocked de

Published 25 Jun, 2019 07:59pm

Financial

South Africa's rand firmer as dollar falls on rate cut bets

JOHANNESBURG: South Africa's rand firmed early on Tuesday, boosted by a dollar slide to multi-month lows against other m

Published 25 Jun, 2019 09:23am

Financial

South Africa's rand stretches gains as Fed, ECB turn dovish

JOHANNESBURG: South Africa's rand firmed early on Monday, adding to the previous session's gains as sentiment toward eme

Published 24 Jun, 2019 09:42am

Financial

Turkey's lira weakens on election, policy concerns

ISTANBUL: Turkey's lira declined some 1pc on Friday as investors worried about the outcome of an Istanbul mayoral electi

Published 21 Jun, 2019 07:31pm

Financial

South African rand inches back up in wake of Ramaphosa speech, stocks slide

JOHANNESBURG: South Africa's rand firmed up slightly on Friday, clawing back some of its losses following President Cyri

Published 21 Jun, 2019 07:15pm

Financial

Rand falls after Ramaphosa speech seen lacking details

JOHANNESBURG: South Africa's rand weakened against the dollar in early trade on Friday, as markets digested President Cy

Published 21 Jun, 2019 07:38am

Financial

South African rand pauses rally as investors eye Ramaphosa speech

JOHANNESBURG: South Africa's rand inched firmer late on Thursday following a rally to a five-week best after the US Fede

Published 20 Jun, 2019 07:13pm

Financial

Nigeria's naira seen stable while Kenyan shilling could weaken

LAGOS: The Nigerian naira is seen trading broadly stable amid tepid offshore demand for Nigerian assets, while the K

Published 20 Jun, 2019 01:07pm

Financial

South Africa's rand pauses rally, stocks slip as investors eye Fed

JOHANNESBURG: South Africa's rand dipped in late trade on Wednesday as investors took profits from a strong rally in

Published 19 Jun, 2019 07:28pm

Financial

Turkish lira weakens on report detailing possible US sanctions

ISTANBUL: The Turkish lira weakened on Wednesday after Bloomberg said the United States is considering sanctions that co

Published 19 Jun, 2019 03:50pm

Financial

Kenyan shilling firms, helped by flows from horticulture exports

NAIROBI: The Kenyan shilling strengthened against the dollar on Wednesday on the back of inflows from horticulture expor

Published 19 Jun, 2019 02:45pm

Financial

South African rand retreats from 2-week high, eyes on CPI and Fed

JOHANNESBURG: South Africa's rand retreated from a two-week high in early trade on Wednesday ahead of domestic consumer

Published 19 Jun, 2019 08:04am

Financial

Ugandan shilling firms as players trim positions

KAMPALA: The Ugandan shilling was a touch firmer on Tuesday, underpinned by a sell-off of dollars by commercial banks lo

Published 18 Jun, 2019 02:42pm

Financial

South Africa's rand little changed in calm before Fed meeting

JOHANNESBURG: South Africa's rand was little changed early on Tuesday, with investors looking ahead to a local inflatio

Published 18 Jun, 2019 09:53am

Financial

Uganda shilling stable, draws support from commodity exports

KAMPALA: The Uganda shilling traded in a stable position on Monday, underpinned by some hard currency inflows from commo

Published 17 Jun, 2019 01:29pm

Financial

South Africa's rand steady as investors mull developments ahead of long weekend

JOHANNESBURG: South Africa's rand held steady on Friday as investors assessed local and international political developm

Published 14 Jun, 2019 12:20pm

Financial

South Africa's rand steady as investors mull developments ahead of long weekend

JOHANNESBURG: South Africa's rand held steady on Friday as investors assessed local and international political developm

Published 14 Jun, 2019 08:23am

Financial

Rand edges down as Ramaphosa, inflation data in focus

JOHANNESBURG: South Africa's rand inched lower late on Thursday, as investors assessed local political developments

Published 13 Jun, 2019 08:44pm

Financial

Rand slips on investigation into Ramaphosa campaign donation

JOHANNESBURG: South Africa's rand slipped on Thursday, as investors were unnerved by an investigation into a donation fo

Published 13 Jun, 2019 02:43pm

Financial

Lira weakens after Turkey says will not back down on S-400 deal

ISTANBUL: Turkey's lira weakened on Thursday after Foreign Minister Mevlut Cavusoglu said that Ankara would not back dow

Published 13 Jun, 2019 01:19pm

Financial

South Africa's rand edges weaker in subdued start to trade

JOHANNESBURG: South Africa's rand edged weaker on Wednesday in a slow start that saw subdued flows as market makers look

Published 12 Jun, 2019 02:22pm

Financial

Kenyan shilling stable amid tightening liquidity

NAIROBI: The Kenyan shilling was stable against the dollar on Wednesday supported by tightening liquidity in the local m

Published 12 Jun, 2019 01:30pm

Financial

South Africa's rand edges weaker in subdued start to trade

JOHANNESBURG: South Africa's rand edged weaker on Wednesday in a slow start that saw subdued flows as market makers look

Published 12 Jun, 2019 08:38am

Financial

South Africa's rand recovers as EM demand lifted by Mexico-U.S. deal

JOHANNESBURG: South Africa's rand firmed early on Tuesday, helped by global risk appetite and easing political turbulenc

Published 11 Jun, 2019 08:44am

Financial

South African rand starts week on stronger footing

JOHANNESBURG: South Africa's rand started the week firmer against the dollar on Monday, recovering some ground after ste

Published 10 Jun, 2019 10:08am

Financial

South Africa's rand slumps after weak GDP data

JOHANNESBURG: South Africa's rand slumped and bonds weakened on Tuesday after official data showed the economy contracte

Published 04 Jun, 2019 11:51am

Financial

South African rand firms on weaker dollar, focus on GDP numbers, stocks up

JOHANNESBURG: South Africa's rand firmed on Monday, as a weakening dollar provided many emerging currencies with som

Updated 03 Jun, 2019 07:56pm

Financial

Kenyan shilling steady against the dollar

NAIROBI: The Kenyan shilling held steady against the dollar on Monday with inflows from non governmental organisations a

Published 03 Jun, 2019 11:51am

Financial

South Africa's rand heads for monthly loss, stocks flat

JOHANNESBURG: South Africa's rand was set to end the month on a weaker footing after domestic political concerns and

Published 31 May, 2019 05:39pm

Financial

South Africa's rand weaker, stocks down in post cabinet drift

JOHANNESBURG: South Africa's rand weakened early on Friday, struggling for clear momentum as political drivers faded aft

Published 31 May, 2019 12:59pm

Financial

Turkish lira jumps after Trump-Erdogan call raises hopes of a thaw

ANKARA: Turkey's lira jumped nearly 1.5pc on Thursday on expectations that ties with Washington will improve, after the

Published 30 May, 2019 01:25pm

Financial

South Africa's rand steady, markets digest cabinet news

JOHANNESBURG: South Africa's rand steadied in early trade on Thursday, as markets digested President Cyril Ramaphosa's n

Published 30 May, 2019 09:01am

Financial

South Africa's rand steadies ahead of Ramaphosa cabinet announcement

JOHANNESBURG: South Africa's rand steadied on Wednesday ahead of President Cyril Ramaphosa's keenly awaited announce

Published 29 May, 2019 08:31pm

Financial

South Africa's rand tumbles to 5-month low on cabinet anxiety, risk aversion

JOHANNESBURG: South Africa's rand tumbled to a five-month low against the dollar early on Wednesday, extending losses in

Published 29 May, 2019 12:16pm

Financial

South Africa's rand tumbles on 5-month low on cabinet anxiety, risk aversion

JOHANNESBURG: South Africa's rand tumbled to a five-month low against the dollar early on Wednesday, extending losses in

Published 29 May, 2019 08:14am

Financial

South Africa's rand slumps to two-month low as Mabuza sworn in to parliament

JOHANNESBURG: South Africa's rand tumbled to its weakest in three weeks on Tuesday as deputy president David Mabuza

Published 28 May, 2019 08:03pm

Financial

Lira firms on hopes Turkey will delay S-400 delivery

ISTANBUL: The Turkish lira firmed 1pc on Tuesday after Defence Minister Hulusi Akar said the Russian S-400 missile syste

Published 28 May, 2019 04:32pm

Financial

South Africa's rand falls as trade war concerns hurt sentiment

JOHANNESBURG: South Africa's rand weakened on Tuesday, falling more than 1% in early trade as Sino-U.S. trade tensions d

Published 28 May, 2019 08:48am

Financial

South Africa's rand drifts weaker on cabinet caution, stocks flat

JOHANNESBURG: South Africa's rand weakened slightly on Monday in subdued trading with no economic data and investors

Published 27 May, 2019 07:26pm

Financial

South Africa's rand steady, focus on cabinet appointments

JOHANNESBURG: South Africa's rand steadied against the US dollar in early trade on Monday, as markets wait for President

Published 27 May, 2019 12:12pm

Financial

South Africa's rand recovers as lending rates seen steady for longer

JOHANNESBURG: South Africa's rand firmed early on Friday, regaining some ground after dropping a day earlier, when the c

Published 24 May, 2019 12:40pm

Financial

Turkish lira weakens again over shaky US ties

ISTANBUL: Turkey's lira weakened nearly 1pc on Thursday on concerns over a deterioration in ties with the United States

Published 23 May, 2019 11:53am

Financial

South Africa's rand dips ahead of lending rates decision

JOHANNESBURG: South Africa's rand weakened in early trade on Thursday ahead of a policy meeting by the central bank wher

Published 23 May, 2019 07:37am

Financial

South Africa's rand dips ahead of inflation release

JOHANNESBURG: South Africa's rand weakened on Wednesday as steady demand for dollars spurred by easing of trade tensions

Published 22 May, 2019 09:09am

Financial

Rand weakens in cautious trade ahead of inflation, rates decision

JOHANNESBURG: South Africa's rand backtracked on Tuesday, surrendering the previous session's small gains in cautious tr

Published 21 May, 2019 01:05pm

Financial

Turkish lira weakens after central bank repos resume, FX purchase move

ISTANBUL: The Turkish lira weakened on Tuesday after the central bank lowered the swap market lira interest rate and hel

Published 21 May, 2019 11:52am

Financial

South Africa's rand firmer as risk selloff pauses

JOHANNESBURG: South Africa's rand rose early on Monday after a sharp slide in the previous week as a sell-off in risk as

Published 20 May, 2019 08:20am

Financial

South Africa's rand slips to 1-week low, financial stocks drag down bourse

JOHANNESBURG: The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between C

Published 17 May, 2019 07:52pm

Financial

South Africa's rand firms slightly, stocks gain

JOHANNESBURG: South Africa's rand firmed modestly and stocks rose on Thursday, shaking off worries about local growt

Published 16 May, 2019 04:07pm

Financial

South Africa's rand slips as trade tensions weigh on risk demand

JOHANNESBURG: South Africa's rand weakened early on Thursday, succumbing to risk-off sentiment sparked by global fears o

Published 16 May, 2019 08:20am

Financial

South African rand rises on China stimulus hopes, stocks dip

JOHANNESBURG: South Africa's rand strengthened on Wednesday alongside emerging market currencies on hopes of more stimul

Published 15 May, 2019 05:50pm

Financial

South African rand steady amid U.S.-China trade talk hopes

JOHANNESBURG: South Africa's rand steadied in early trade on Wednesday, as optimism surrounding trade talks between Wash

Published 15 May, 2019 08:24am

Financial

Trade tensions hold South Africa's rand down

JOHANNESBURG: South Africa's rand was mostly flat on Tuesday, struggling to bounce back from a flare-up in US-China trad

Published 14 May, 2019 10:42pm

Financial

South Africa's rand firms amid US-China trade talk hopes, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday as slightly more optimistic comments from US and Chinese officials o

Published 14 May, 2019 09:40pm

Financial

South Africa's rand firms amid US-China trade talk hopes, stocks down

JOHANNESBURG: South Africa's rand firmed on Tuesday as slightly more optimistic comments from US and Chinese officials o

Published 14 May, 2019 06:23pm

Financial

Trade tensions hold South Africa's rand down

JOHANNESBURG: South Africa's rand was mostly flat on Tuesday, struggling to bounce back from a flare-up in U.S.-China tr

Published 14 May, 2019 07:31am

Financial

South African rand, stocks fall as US-China trade war dents risk appetite

JOHANNESBURG: South Africa's rand weakened on Monday, shedding election- inspired gains, as an escalation in the US-Chin

Published 13 May, 2019 07:19pm

Financial

South African rand falls on risk aversion as U.S.-China trade war heats up

JOHANNESBURG: South Africa's rand weakened in early trade on Monday, giving up some of the election inspired gains, with

Published 13 May, 2019 09:12am

Financial

Turkish state banks sold around $4.5bn last week to support lira: sources

ANKARA: Turkish state banks sold around $4.5 billion last week, two sources told Reuters, including in a flurry of selli

Published 11 May, 2019 08:25pm

Financial

South African rand firms as ANC heads for re-election

JOHANNESBURG: South Africa's rand strengthened more than 1pc on Friday on expectations of political continuity, as the g

Published 10 May, 2019 07:54pm

Financial

South African rand steady as ruling party takes lead in elections

JOHANNESBURG: South Africa's rand was mostly unchanged in early trade on Friday, as vote counting showed the ruling Afri

Published 10 May, 2019 08:46am

Financial

South African rand, stocks weaker on renewed trade war

JOHANNESBURG: South Africa's rand gave up its earlier gains on Thursday as another round of risk selling in global marke

Published 09 May, 2019 07:56pm

Financial

South African rand firmer after elections, stocks fall

JOHANNESBURG: South Africa's rand firmed in early trade on Thursday, a day after an election for a new parliament and pr

Published 09 May, 2019 07:51am

Financial

South African rand steady ahead of elections, stocks down

JOHANNESBURG: The South African rand steadied against the US dollar on Tuesday ahead of Wednesday's elections for parlia

Published 07 May, 2019 07:20pm

Currency	Rate
USD PKR Interbank Selling / Jul 22	278.11
USD PKR Interbank Buying / Jul 22	277.91
USD to Japanese Yen / Jul 23	163.15
USD to Swiss Franc / Jul 23	0.81
Pound Sterling to USD / Jul 23	1.34
Euro to USD / Jul 23	1.14
SOFR % / Jul 22	3.59

Stock	Volume
S&P 500 / Jul 22	7,498.96
Nasdaq / Jul 22	25,690.90
Dow Jones / Jul 22	52,218.58
India Sensex / Jul 23	76,317.94
Tokyo Nikkei / Jul 23	66,424.44
Hang Seng / Jul 23	25,202.85
FTSE 100 / Jul 23	10,711.62
Germany DAX 30 / Jul 23	24,977.49
France CAC40 / Jul 23	8,352.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 22	18,780
Gold 10 Grams PKR / Jul 22	371,944
Petrol/Litre / Jul 23	327.12
Crude Oil USD/Barrel / Jul 23	88.71
Gold Spot USD/Ounce / Jul 23	4,104.96
Diesel/Litre / Jul 23	375.04
Cotton US¢/pound / Jul 23	80.95

Stock	Price
Gammon Pak / Jul 23 Gammon Pakistan Limited(GAMON)	26.60 ▲ 2.42 (10.01%)
Ruby Textile / Jul 23 Ruby Textile Mills Limited(RUBY)	20 ▲ 1.82 (10.01%)
Shadman Cotton / Jul 23 Shadman Cotton Mills Limited(SHCM)	58.69 ▲ 5.34 (10.01%)
Shams Textile / Jul 23 Shams Textile Mills Limited(STML)	59.14 ▲ 5.38 (10.01%)
UDL International / Jul 23 UDL International Limited(UDLI)	19.79 ▲ 1.8 (10.01%)
Asia Ins. / Jul 23 Asia Insurance Company Limited(ASIC)	49.95 ▲ 4.54 (10%)
Fateh Sports / Jul 23 Fateh Sports Wear Limited(FSWL)	156.98 ▲ 14.27 (10%)
Maqbool Textile / Jul 23 Maqbool Textile Mills Limited(MQTM)	31.47 ▲ 2.86 (10%)
Olympia Mills / Jul 23 Olympia Mills Limited(OML)	157.51 ▲ 14.32 (10%)
Shahtaj Sugar / Jul 23 Shahtaj Sugar Mills Limited(SHJS)	168.80 ▲ 15.35 (10%)

Stock	Price
Khairpur Sug. / Jul 23 Khairpur Sugar Mills Limited(KPUS)	1,227.87 ▼ -136.43 (-10%)
Suhail Jute / Jul 23 Suhail Jute Mills Limited(SUHJ)	219.48 ▼ -24.39 (-10%)
Aisha Steel (CPS) / Jul 23 Aisha Steel Mills Limited (CPS)(ASLCPS)	63.85 ▼ -7.09 (-9.99%)
S.G.Power / Jul 23 S.G. Power Limited(SGPL)	64.40 ▼ -7.15 (-9.99%)
Dadabhoy Cement / Jul 23 Dadabhoy Cement Industries Limited(DBCI)	20.38 ▼ -2.26 (-9.98%)
National Silk / Jul 23 The National Silk & Rayon Mills Limited(NSRM)	267 ▼ -29.43 (-9.93%)
Pak Agro Pack. (GEM) / Jul 23 Pak Agro Packaging Limited (GEM)(GEMPAPL)	10.75 ▼ -1 (-8.51%)
Crescent Cotton / Jul 23 Crescent Cotton Mills Limited(CCM)	54 ▼ -4.47 (-7.64%)
Elahi Cotton / Jul 23 Elahi Cotton Mills Limited(ELCM)	210 ▼ -17.34 (-7.63%)
Saif Textile / Jul 23 Saif Textile Mills Limited(SAIF)	42.12 ▼ -3.41 (-7.49%)

Stock	Volume
Cnergyico PK / Jul 23 Cnergyico PK Limited(CNERGY)	28,584,695 ▲ 0.13
Pak Refinery / Jul 23 Pakistan Refinery Limited(PRL)	20,110,391 ▲ 1.08
Dewan Cement / Jul 23 Dewan Cement Limited(DCL)	16,866,488 ▼ -0.1
TPL Properties / Jul 23 TPL Properties Limited(TPLP)	16,142,213 ▼ -0.18
Trust Sec.& Brok. / Jul 23 Trust Securities & Brokerage Limited(TSBL)	10,699,863 ▼ -0.06
WorldCall Telecom / Jul 23 Worldcall Telecom Limited(WTL)	10,582,372 ▲ 0
Maple Leaf Cement / Jul 23 Maple Leaf Cement Factory Limited(MLCF)	8,017,789 ▼ -2.27
Pak Int.Bulk / Jul 23 Pakistan International Bulk Terminal(PIBTL)	7,733,982 ▼ -0.11
Lotte Chemical / Jul 23 Lotte Chemical Pakistan Limited(LOTCHEM)	7,435,621 ▼ -0.02
Yousuf Weaving / Jul 23 Yousaf Weaving Mills Limited(YOUW)	6,801,183 ▲ 0.23