BR100 Decreased By (-0.1%)
BR30 Decreased By (-0.16%)
KSE100 Increased By (0.01%)
KSE30 Decreased By (-0.04%)
AGHA 7.83 Increased By ▲ 0.02 (0.26%)
BECO 5.17 Decreased By ▼ -0.04 (-0.77%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.95 Decreased By ▼ -0.08 (-0.24%)
CNERGY 9.96 No Change ▼ 0.00 (0%)
CSIL 5.40 Increased By ▲ 0.09 (1.69%)
FCCL 54.60 Decreased By ▼ -0.10 (-0.18%)
FFL 16.69 No Change ▼ 0.00 (0%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.40 No Change ▼ 0.00 (0%)
KOSM 5.77 No Change ▼ 0.00 (0%)
LOTCHEM 29.20 Decreased By ▼ -0.12 (-0.41%)
MLCF 93.50 Decreased By ▼ -0.86 (-0.91%)
NBP 202.70 Decreased By ▼ -0.35 (-0.17%)
NCPL 56.99 Decreased By ▼ -0.01 (-0.02%)
NPL 67.92 Increased By ▲ 0.22 (0.32%)
OGDC 316.40 Increased By ▲ 0.56 (0.18%)
PACE 10.68 Increased By ▲ 0.04 (0.38%)
PAEL 43.41 Increased By ▲ 0.21 (0.49%)
PIBTL 16.75 Increased By ▲ 0.01 (0.06%)
PPL 219.40 Decreased By ▼ -0.38 (-0.17%)
PRL 49.30 Increased By ▲ 0.11 (0.22%)
PTC 71.02 Increased By ▲ 0.49 (0.69%)
SSGC 28.10 Decreased By ▼ -0.15 (-0.53%)
TBL 9.80 Decreased By ▼ -0.06 (-0.61%)
TELE 8.75 Decreased By ▼ -0.04 (-0.46%)
TPL 18.25 Increased By ▲ 0.01 (0.05%)
TPLP 13.58 Increased By ▲ 0.31 (2.34%)
TREET 22.73 Increased By ▲ 0.01 (0.04%)
TRG 60.50 Increased By ▲ 0.36 (0.6%)

JOHANNESBURG: South Africa's rand traded flat on Tuesday as the dollar sagged on expectations the Federal Reserve would adopt a dovish outlook this week and concerns about slower U.S. economic growth.

* As of 0640 GMT, the rand was 0.1 percent firmer at 14.4250 per dollar, little changed from its close of 14.4400 overnight in New York.

* The currency sank to 14.4925 in the European session as ongoing nation-wide electricity outages by state utility Eskom dampened sentiment.

* Public enterprises minister Pravin Gordhan plans to brief the media on Tuesday on the government's plans for the troubled power utility.

* The greenback was dragged to near two-week lows by growing expectations the Federal Reserve would adopt a more accommodative policy outlook this week, while keeping its benchmark interest rate unchanged.

* Government bonds also firmed, with the yield on the benchmark instrument maturing in 2026 down 1.5 basis points to 8.68 percent.

Copyright Reuters, 2019

Comments

Comments are closed for this article.