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Barclays

Barclays Q1 profit falls 12% as mortgage competition, deals drought hit

LONDON: Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower...

Published 25 Apr, 2024 12:00pm

Business & Finance

Barclays annual profit falls 6%, unveils overhaul to boost shares

LONDON: Barclays reported its annual profit fell 6%, in line with expectations, as Chief Executive C.S....

Published 20 Feb, 2024 01:20pm

Business & Finance

Barclays to buy most of Tesco’s banking arm for $757 million

Barclays will buy most of the banking operations of Britain’s biggest supermarket group Tesco for about 600 million...

Published 09 Feb, 2024 02:37pm

Business & Finance

Asian currencies: Rupiah hit by political woes

BENGALURU: Asian currencies were subdued on Monday, with continued pressure on the Indonesian rupiah on concerns the...

Published 30 Jan, 2024 04:52am

Business & Finance

Lloyds to cut around 1,600 branch jobs in digital

LONDON: Britain’s biggest domestic bank Lloyds is cutting around 1,600 roles across its branch network, a...

Published 26 Jan, 2024 04:58am

Business & Finance

Lloyds to cut around 1,600 branch jobs in digital switch

LONDON: Britain’s biggest domestic bank Lloyds is cutting around 1,600 roles across its branch network, a...

Published 25 Jan, 2024 07:15pm

Business & Finance

Most Asian currencies extended gains

BENGALURU: Most Asian equities extended gains on Friday, while currencies held onto to their recent rise following a...

Published 16 Dec, 2023 05:49am

Business & Finance

Barclays sees Fed delivering its first rate cut in June

Barclays expects the Federal Reserve to deliver its first rate cut of 25 basis points in June, with two others...

Published 14 Dec, 2023 10:06am

Markets

UK’s FTSE 100 slips for second straight session as financials drag

Britain’s FTSE 100 edged down on Tuesday, dragged by financials, with Barclays dipping after Qatar Holdings cut its...

Published 05 Dec, 2023 03:00pm

Business & Finance

Barclays eyes up to 900 job cuts in Britain

LONDON: Barclays is putting 900 jobs in its British business at risk of redundancy, employee union Unite said on...

Published 28 Nov, 2023 07:25pm

Business & Finance

Barclays in talks to buy Metro Bank’s mortgage book worth $3.74bn

Britain’s Barclays is in exclusive talks to buy embattled lender Metro Bank’s 3 billion pound ($3.74 billion)...

Published 27 Nov, 2023 07:30pm

World

Barclays working on $1.25bn cost plan, could cut up to 2,000 jobs

LONDON: Barclays is working on plans to save as much as 1 billion pounds ($1.25 billion), which could involve ...

Published 24 Nov, 2023 05:29am

Business & Finance

Barclays sees Fed raising rate in January instead of December

Barclays said it now expects the US Federal Reserve to deliver a 25 basis point interest rate increase in January...

Published 06 Nov, 2023 10:41am

Business & Finance

Barclays to lay off dozens of US consumer bank employees

NEW YORK: Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive...

Published 25 Oct, 2023 08:10pm

Markets

Barclays says profit hit by costs, impairments

LONDON: British bank Barclays on Tuesday unveiled a 16-percent drop in net profit for the third quarter on souring...

Published 24 Oct, 2023 12:51pm

Markets

Barclays now expects US Fed rate hike in December

Barclays forecasts the US Federal Reserve delivering a 25-basis-point hike in December, compared to a prior rate...

Published 19 Oct, 2023 09:39am

Pakistan

‘Comfortably placed’: SBP chief says end-Sept targets with IMF met

Remarks come during meetings with key international institutions organised by Barclays, JP Morgan, Standard Bank, and Jefferies

Updated 13 Oct, 2023 11:19pm

Markets

Greece’s National Bank sells 500mn euro bond

ATHENS: National Bank (NBG) , Greece’s second-largest lender by market value, concluded the sale of 500 million...

Published 27 Sep, 2023 11:02am

Markets

Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024

Goldman Sachs economists said they now expect the US Federal Reserve to begin its interest rate-cutting cycle in the...

Published 21 Sep, 2023 12:41pm

Business & Finance

Barclays cutting around 450 staff, UK trade union says

LONDON: A British union that represents workers at Barclays said on Tuesday that the bank was cutting around 450...

Published 12 Sep, 2023 05:15pm

Business & Finance

Barclays cuts China’s 2023 GDP growth forecast to 4.5%

BEIJING: Barclays cut its forecast for China’s 2023 gross domestic product (GDP) growth to 4.5% from 4.9% because of...

Published 15 Aug, 2023 05:00pm

Business & Finance

Singapore downgrades GDP outlook, avoids recession

SINGAPORE: Singapore slightly cut its economic outlook for 2023 on Friday after it narrowly averted a recession in...

Published 15 Aug, 2023 06:30am

Business & Finance

Foreign lenders in talks to finance part of Adani Group’s Ambuja debt

BENGALURU: Barclays, Deutsche Bank AG and Standard Chartered are in talks to collectively lend between $600 million...

Published 27 Jul, 2023 06:15pm

Business & Finance

Barclays seeks to stop being corporate banker to Odey Asset Management

NEW YORK: Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the...

Published 03 Jul, 2023 06:04am

Markets

European shares end higher on positive earnings

PARIS: European shares ended higher on Thursday supported by positive earnings, especially reports from Deutsche ...

Published 28 Apr, 2023 06:08am

Markets

UK bank Barclays profits from rising interest rates

LONDON: British bank Barclays said Thursday that net profit jumped 27 percent in the first quarter, boosted by...

Published 27 Apr, 2023 02:29pm

Markets

Goldman sees elevated OPEC pricing power, $100 per barrel by April 2024 after supply cut

Goldman Sachs says crude oil production cuts by OPEC could result in a significantly larger deficit in the market,...

Published 04 Apr, 2023 01:04pm

Markets

Barclays warns of upside oil price risk from protracted Kurdish supply halt

BENGALURU: Barclays on Tuesday warned that a disruption in oil exports by the Kurdistan Regional Government (KRG)...

Published 30 Mar, 2023 06:35am

Markets

Barclays cuts 2023 oil price forecasts on resilient Russian output

Barclays cut its 2023 oil price forecasts on Wednesday, due in part to more resilient output from Russia than...

Published 08 Mar, 2023 06:55pm

Business & Finance

Global banks cut jobs as cost pressures mount

LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking...

Published 16 Jan, 2023 06:18am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	278.43
USD PKR Interbank Buying / May 15	278.23
USD to Japanese Yen / May 15	156.28
USD to Swiss Franc / May 15	0.91
Pound Sterling to USD / May 15	1.26
Euro to USD / May 15	1.08

Stock	Volume
S&P 500 / May 14	5246.68
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
Dow Jones / May 14	39558.11
India Sensex / May 15	73025.23
Tokyo Nikkei / May 15	38385.73
FTSE 100 / May 15	8467.99
Germany DAX 30 / May 15	18796.11

Item	Value
Petrol/Litre / May 15	288.49
Crude Oil USD/Barrel / May 15	78.55
Karachi Cotton PKR/37.32 KG / May 15	19935
Gold 10 Grams PKR / May 15	209191
Gold Spot USD/Ounce / May 15	2361.55
Diesel/Litre / May 15	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 15 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 15 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 15 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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