Trends - Bank of Korea - Business Recorder

Bank of Korea

Bank of Korea Governor says rate gap with US one of many factors affecting won

SEOUL: Bank of Korea Governor Rhee Chang-yong on Tuesday said interest rate difference with the United States is...

Published 07 Mar, 2023 11:35am

Business & Finance

South Korea hikes rates again but slows pace

SEOUL: South Korea on Thursday raised its benchmark interest rate for the seventh time in a row as it struggles to...

Published 24 Nov, 2022 10:26am

Markets

South Korea expands corporate bond-buying programme

SEOUL: South Korea’s government will expand its corporate bond-buying program among other liquidity supply ...

Published 24 Oct, 2022 06:40am

Markets

South Korea to expand corporate-bond buying program

SEOUL: South Korea’s financial authorities will raise the ceiling for their corporate bond-buying facility to 16...

Published 23 Oct, 2022 12:01pm

Markets

Asian FX sell-off deepens; won rises on BOK hike

Most Asian currencies slipped on Wednesday, hurt by weak global market sentiment ahead of the minutes of the most...

Published 12 Oct, 2022 10:21am

Business & Finance

Bank of Korea’s Rhee says policy tightening unlikely to end before Fed

JACKSON HOLE, Wyo./SEOUL: The Bank of Korea (BOK) must keep raising interest rates until the rate of inflation is in...

Published 29 Aug, 2022 05:44am

Markets

Thai baht, won lead Asian currencies higher as dollar cools

Languishing Asian emerging currencies got a lift on Thursday as the US dollar took a breather ahead of the Federal...

Published 25 Aug, 2022 10:33am

Business & Finance

South Korea economy logs best annual growth in 11 years

SEOUL: South Korea's economy grew in 2021 at the fastest pace for 11 years thanks to robust exports and strong...

Published 25 Jan, 2022 10:32am

Markets

Bank of Korea likely to hike rates again over high inflation, household debt

BENGALURU: The Bank of Korea is likely to raise its policy rate back to where it was before the pandemic on Friday, ...

Published 13 Jan, 2022 12:35pm

Markets

South Korea central bank holds rates, flags a hike in November

SEOUL: South Korea's central bank kept interest rates steady on Tuesday, taking a breather after its first rate hike...

Published 12 Oct, 2021 11:29am

Markets

Malaysia shares weaken ahead of c.bank rate decision

Equities in the broader region came under pressure following a weaker overnight session on Wall Street

Published 09 Sep, 2021 11:59am

Markets

South Korean stocks fall after central bank rate hike; others flat ahead of Powell speech

Investors are also awaiting Federal Reserve chair Jerome Powell's speech at the Jackson Hole symposium for clues over any tapering of stimulus measures

Published 26 Aug, 2021 12:52pm

Business & Finance

South Korea July exports jump to record though growth pace slows

Imports soared 38.2% from a year earlier and compared to a 40.7% rise in June

Published 01 Aug, 2021 01:19pm

Markets

South Korea export-import bank to offer financial support of $2.7bn to Hyundai Motor

It did not specify what form of financial support it plans to offer Hyundai.

Published 01 Apr, 2021 11:09am

Markets

Bank of Korea to stand pat amid weak jobs sector

The bank in January flagged deep concerns about growing risks from a hot stock market rally and booming household debt.

Published 22 Feb, 2021 11:55am

Markets

Bank of Korea holds fire on rates as new financial risks emerge

But the number of jobs plunged at the sharpest rate in over two decades in December, a sign the recovery is still fragile amid the third wave of the coronavirus currently sweeping the country.

Published 15 Jan, 2021 09:56am

World

South Korea Dec jobs fall the most since 1999; 2020 unemployment at 19-year high

South Korean president last week pledged to expand support for those vulnerable to job insecurity, including temporary workers, daily labourers and youth.

Published 13 Jan, 2021 11:32am

Markets

BOK chief says will maintain easy policy until stable recovery seen in 2021

In future, the bank also should consider employment as an important factor when assessing monetary policy, Lee added.

Published 31 Dec, 2020 10:33am

Markets

BOK to extend loans by six months to keep credit flowing to debt mkt

The Bank of Korea provided financing to a SPV which directly purchased 3 trillion won.

Published 24 Dec, 2020 10:31am

Business & Finance

South Korea Nov bank lending surges at sharpest rate on record

The Bank of Korea said the surge in November was due to higher demand for mortgages, initial public offerings and stock investments in general.

Published 09 Dec, 2020 09:06am

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Mar 22 Trust Modaraba(TRSM)	1.55 ▲ 0.33 (27.05%)
Pak Gulf Leasing / Mar 22 Pak-Gulf Leasing Company Limited(PGLC)	6.20 ▲ 0.55 (9.73%)
Premier Insurance / Mar 22 Premier Insurance Limited(PINL)	6.80 ▲ 0.55 (8.80%)
Hala Enterprise / Mar 22 Hala Enterprises Limited(HAEL)	6.90 ▲ 0.53 (8.32%)
Bal. Wheel / Mar 22 Baluchistan Wheels Limited(BWHL)	61.38 ▲ 4.28 (7.50%)
Khyber Tex. / Mar 22 Khyber Textile Mills Limited(KHYT)	276.84 ▲ 19.31 (7.50%)
Pak Tobacco / Mar 22 Pakistan Tobacco Company Limited(PAKT)	717.60 ▲ 50.05 (7.50%)
Shield Corp. / Mar 22 Shield Corporation Limited(SCL)	227.90 ▲ 15.90 (7.50%)
Sapphire Fibres / Mar 22 Sapphire Fibres Limited(SFL)	954.79 ▲ 66.61 (7.50%)
Towellers Ltd. / Mar 22 Towellers Limited(TOWL)	219.35 ▲ 15.30 (7.50%)

Stock	Price
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.92 ▼ -0.49 (-14.37%)
Saritow Spinning / Mar 22 Saritow Spinning Mills Limited(SSML)	4.18 ▼ -0.39 (-8.53%)
First Pak Mod. / Mar 22 First Pak Modaraba(PAKMI)	1.40 ▼ -0.12 (-7.89%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Dawood Equities / Mar 22 Dawood Equities Limited(DEL)	3.81 ▼ -0.32 (-7.75%)
Engro Poly(Pref / Mar 22 Engro Poly(Pref)(EPCLPS)	11.98 ▼ -1.00 (-7.70%)
Siddiqsons Tin / Mar 22 Siddiqsons Tin Plate Limited(STPL)	6.30 ▼ -0.52 (-7.62%)
Balochistan Glass / Mar 22 Balochistan Glass Limited(BGL)	12.30 ▼ -1.00 (-7.52%)
S.S.Oil / Mar 22 S.S.Oil Mills Limited(SSOM)	99.30 ▼ -8.05 (-7.50%)
Pakistan Services / Mar 22 Pakistan Services Limited(PSEL)	1188 ▼ -95.90 (-7.47%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	17,466,000 ▼ -0.15
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	11,070,759 ▼ -0.01
Thatta Cement / Mar 22 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.26
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	7,739,024 ▼ -0.07
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	5,924,540 ▼ -0.65
Telecard Limited / Mar 22 Telecard Limited(TELE)	5,534,500 ▼ -0.49
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.11
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.61
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.47
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▼ -0.28

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 22	132.42
USD to Swiss Franc / Mar 22	0.92
Pound Sterling to USD / Mar 22	1.22
Euro to USD / Mar 22	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Nasdaq / Mar 21	11860.11
Dow Jones / Mar 21	32560.60
India Sensex / Mar 22	58214.59
Tokyo Nikkei / Mar 22	27466.61
Hang Seng / Mar 22	19591.43
FTSE 100 / Mar 22	7515.89
Germany DAX 30 / Mar 22	15179.43
France CAC40 / Mar 22	7097.16

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Crude Oil USD/Barrel / Mar 22	69.01
Gold Spot USD/Ounce / Mar 22	1940.41
Cotton US¢/pound / Mar 22	77.98

Bank of Korea

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