Topic

banking crisis

US banks hold $3.3 trillion cash amid banking crisis, slowdown worries

Published 11 Sep, 2023 06:32am

NEW YORK/SAN FRANCISCO: US lenders are holding onto large piles of cash as insurance against a slowing economy,...

Fed officials spar over banking reform in rare open meeting

Updated 29 Jul, 2023 09:33am

WASHINGTON: Members of the US Federal Reserve’s governing body voiced disagreements over proposed changes to...

Caution from Basle

Updated 08 Jul, 2023 06:58am

EDITORIAL: The Bank for International Settlements (BIS), the global umbrella body for central banks, sure poured ...

Inflation fight risks central banks’ credibility and autonomy, BIS warns

Published 22 May, 2023 06:23am

LONDON: The credibility and independence of central banks around the world is at risk if stubbornly-high global...

Nomura cuts 2025 profit target as banking turmoil curbs expansion hopes

Published 22 May, 2023 06:23am

TOKYO: Nomura Holdings Inc on Thursday cut its core pre-tax income target for the next financial year by a quarter ...

Death rattle of a global order?

Published 06 May, 2023 06:23am

EDITORIAL: The market has clearly rejected the rhetoric that problems at SVB (Silicon Valley Bank), Signature Bank...

Gold flirts with all-time highs as banking concerns deepen

Published 05 May, 2023 06:44am

NEW YORK: Gold made another run toward record highs on Thursday as US banking concerns accelerated a flight to the...

IMF says more vulnerabilities in banking sector may be exposed

Updated 02 May, 2023 08:46am

BEVERLY HILLS, (California): International Monetary Fund Managing Director Kristalina Georgieva said on Monday she...

JPMorgan to buy First Republic after regulators seize control

Published 01 May, 2023 05:25pm

SAN FRANCISCO: US financial authorities seized California’s troubled First Republic Bank on Monday and sold it to...

Fed calls for tougher bank rules after SVB collapse

Published 29 Apr, 2023 06:04am

WASHINGTON: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a...

Central banks signal end of bank turmoil

Updated 26 Apr, 2023 08:50am

FRANKFURT/LONDON/TOKYO: The world’s top central banks are cutting the frequency of their dollar liquidity operations...

Fed may reverse rules that masked losses on SVB’s securities

Published 22 Apr, 2023 03:38am

NEW YORK: US Federal Reserve is considering ending an exemption that has allowed certain midsize banks to conceal...

Yellen goes to school

Updated 20 Apr, 2023 06:52am

Surely, you can’t be accused of being a pro-Putin conspiracy hack if you’re quoting the US treasury secretary...

EU plans to prevent taxpayer cash being used to save failing banks

Published 19 Apr, 2023 06:36am

BRUSSELS: The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into ...

Wall St ends lower amid rate hike worries

Published 17 Apr, 2023 06:41am

NEW YORK: Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal...

Indian IT giant TCS misses profit estimates on US weakness

Published 17 Apr, 2023 06:41am

MUMBAI: Indian software giant TCS reported a weaker-than-expected increase in first-quarter profits Wednesday, as...

Oil: Saudis show strength

Published 11 Apr, 2023 08:55am

No one saw it coming. Not even the most bullish of observers. What Opec plus alliance threw last week is well and...

Bank takeover prevented Swiss economy collapse: minister

Updated 10 Apr, 2023 08:28am

GENEVA: Swiss Finance Minister Karin Keller-Sutter said Switzerland’s economy would probably have collapsed had...

Latest banking crisis will be felt for years, says JPMorgan Chase CEO

Published 10 Apr, 2023 06:45am

NEW YORK: While the current banking crisis isn’t like 2008, it “is not yet over” and will be felt for years to...

Germans shun foreign deposits on fears of new crisis

Published 03 Apr, 2023 07:32am

FRANKFURT: German savers are turning their backs on foreign banks despite juicier deposit rates for fear of getting...

SDR allocation, monetary tightening, inflation, and banking crisis

Published 31 Mar, 2023 06:45am

While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)...

‘Need for vigilance’

Published 31 Mar, 2023 06:45am

EDITORIAL: It’s interesting, and ominous, that IMF (International Monetary Fund) chief Kristalina Georgieva...

Fed official tells Congress many to blame for Silicon Valley Bank failure

Published 31 Mar, 2023 06:45am

WASHINGTON: The scope of blame for Silicon Valley Bank’s failure stretches across bank executives, Federal Reserve...

Preparing for the ‘petroyuan’?

Published 30 Mar, 2023 06:35am

I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ...

Dollar slips as banking sector fears ebb

Published 29 Mar, 2023 06:27am

NEW YORK: The US dollar fell against a basket of currencies for a second straight day on Tuesday as easing worries...

First Citizens to acquire collapsed SVB

Published 28 Mar, 2023 06:21am

NEW YORK: First Citizens Bank will acquire significant holdings of fallen lender Silicon Valley Bank, a US banking...

Banking stress puts US and Europe on watch for credit crunch

Published 27 Mar, 2023 07:30am

WASHINGTON/FRANKFURT: Stress in the banking sector is being closely monitored for its potential to trigger a credit...

LIBOR sunset could get stirred up by banking turmoil

Published 27 Mar, 2023 07:14am

BENGALURU: A crisis of confidence in global banking and a backlog of uncleared contracts is making an already...

US jobless claims tick down as labour market remains tight

Published 27 Mar, 2023 07:12am

WASHINGTON: The number of Americans filing new claims for unemployment benefits edged down last week, showing no...

Banking stress brings US closer to recession: Fed’s Kashkari

Published 27 Mar, 2023 06:15am

WASHINGTON: Recent stress in the banking sector and the possibility of a follow-on credit crunch brings the US ...

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 20	316.15
Diesel/Litre / Jul 20	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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