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Bank of America

Payments app Zelle begins refunds for imposter scams after Washington pressure

Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection...

Published 13 Nov, 2023 11:02am

Markets

OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end: BofA

OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push...

Published 13 Sep, 2023 05:05pm

Business & Finance

Investors optimistic on global growth but China real estate top worry: BofA survey

LONDON: China’s real estate sector is the most likely source of a global systemic credit event, according to Bank of...

Published 12 Sep, 2023 05:06pm

Business & Finance

Bank of America profit jumps on boost from interest income, investment banking

NEW YORK: Bank of America’s profit rose nearly 20% in the second quarter as it earned more from customers’ loan...

Published 24 Jul, 2023 06:11am

Markets

Wall St kicks off week higher as investors await more earnings

NEW YORK: The tech-heavy Nasdaq led Wall Street higher on Monday supported by megacap growth stocks including Apple...

Published 18 Jul, 2023 05:51am

Business & Finance

Bank of America to expand in four US states

NEW YORK: Bank of America Corp is adding consumer branches in four new US states, it said on Tuesday, bringing its...

Published 03 Jul, 2023 06:04am

Markets

BIS warns world economy at critical juncture in inflation fight

LONDON: The world’s central bank umbrella body, the Bank for International Settlements (BIS), called on Sunday for...

Published 25 Jun, 2023 05:50pm

Markets

Japanese investors plans to sue MUFG unit over Credit Suisse bonds

A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including...

Published 09 Jun, 2023 09:26am

Business & Finance

Bank of America profit rises as it cashes in on higher interest rates

Bank of America Corp’s profit rose in the first quarter as it earned more from customers’ interest payments while...

Published 18 Apr, 2023 04:29pm

Markets

Oman’s OQ seeks bookrunners for gas pipelines IPO

DUBAI: Oman’s OQ Gas Network, the pipelines business of the sultanate’s state oil giant OQ, has invited banks to...

Published 28 Mar, 2023 06:21am

Markets

First Republic shares fall as private placement report stirs fresh liquidity fears

Shares of First Republic Bank slumped 16% on Monday, leading losses among US lenders in premarket trading, after a...

Published 20 Mar, 2023 03:36pm

Markets

JPMorgan, other big US banks flooded with new clients post SVB collapse

A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co and...

Published 14 Mar, 2023 02:13pm

Markets

Global bank shares sink over US fears

PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender...

Published 10 Mar, 2023 03:31pm

Markets

Wall Street drops as investors fret about interest rates

US markets closed today for Presidents’ Day

Published 20 Feb, 2023 06:26am

Business & Finance

Bank of America plans job cuts in its investment bank

Bank of America is planning to cut jobs in its investment bank, Bloomberg News reported on Thursday, which would add...

Published 16 Feb, 2023 09:40pm

Markets

NGOs denounce banks financing new oil and gas projects

PARIS: Despite joining industry groups committed to reaching carbon neutrality the world’s top banks are ...

Published 18 Jan, 2023 06:47am

Markets

Wall Street Week Ahead: US bank stocks falter as recession worries take hold

NEW YORK: Shares of US banks are taking a beating in December, as worries over an expected recession and weakening...

Published 19 Dec, 2022 06:00am

Markets

Meta Platforms, banks pull Wall Street lower

NEW YORK: Wall Street’s main indexes fell on Tuesday, dragged down by shares of Meta Platforms and banks, while...

Published 07 Dec, 2022 07:18am

Markets

Markets sigh with relief after Powell speech, but more turbulence likely ahead

A rally in US stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday,...

Published 01 Dec, 2022 11:20am

Business & Finance

Musk’s banks may have a way to cut losses from Twitter deal

NEW YORK: Elon Musk’s banks, faced with huge losses on their commitment to finance the $44 billion buyout of...

Published 12 Oct, 2022 05:46am

Opinion

A world running towards recession

‘Central banks are intent on driving the world economy perilously close to a recession. Late to see the worst...

Published 23 Sep, 2022 05:50am

Markets

Wall Street posts gains driven by banks, healthcare

NEW YORK: Wall Street’s main indexes posted modest gains on Thursday mainly lifted by financial institutions and...

Published 09 Sep, 2022 06:09am

BR Research

Interview with Ali Mubashar Kazmi, President, OPay Pakistan

‘People at the bottom of the pyramid have excellent credit’ Ali Mubashar Kazmi has over 25 years of ...

Published 05 Sep, 2022 08:38am

Markets

Copper slides after Fed growth warning triggers sell-off

LONDON: Copper prices fell to their lowest in more than two weeks on Monday after US central bank chief Jerome ...

Published 31 Aug, 2022 05:50am

Opinion

100 banks, 1,000 suspects: German fraud probe puts Scholz on the spot

German chancellor Olaf Scholz faces lawmakers’ questions this week over his role in tackling a multibillion-euro...

Published 18 Aug, 2022 05:27am

Wall Street revives Russian bond trading after US go-ahead

NEW YORK: Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days,...

Published 16 Aug, 2022 03:59am

Business & Finance

Personal devices: BoA puts aside $200m for probe into bankers’ use

Company CFO expects matter to be settled soon.

Published 19 Jul, 2022 06:00am

World

US economy has 40% chance of being in recession next year: BofA

NEW YORK: BofA Securities economists see roughly a 40% chance of a US recession next year, with inflation remaining...

Updated 17 Jun, 2022 09:48pm

Markets

Brent could push past $150/bbl if Russian oil exports shrink: Bank of America

Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil...

Published 27 May, 2022 04:49pm

Markets

Wall Street slips as bond yields surge, BofA gains on strong earnings

NEW YORK: US stocks fell on Monday as bond yields surged to three-year highs on expectations of an aggressive...

Published 19 Apr, 2022 05:32am

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	5.99 ▲ 0.99 (19.80%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.80 ▲ 0.61 (14.56%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.24 ▲ 0.14 (12.73%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.24 ▲ 0.44 (11.58%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.85 ▲ 0.29 (11.33%)
Samba Bank / Dec 11 Samba Bank Limited(SBL)	9.93 ▲ 1.00 (11.20%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	12 ▲ 1.01 (9.19%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.23 ▼ -0.57 (-8.38%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	46.64 ▼ -3.78 (-7.50%)
Reliance Cotton / Dec 11 Reliance Cotton Spinning Mills Limited(RCML)	629 ▼ -51.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.05
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	65,177,500 ▲ 0.61
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	63,595,500 ▲ 0.45
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	57,594,500 ▲ 0.57
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	54,822,000 ▲ 0.57
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.10
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	41,814,767 ▼ -1.64
Telecard Limited / Dec 11 Telecard Limited(TELE)	37,055,844 ▲ 0.37

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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