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BoE

BoE agrees third straight rate hike as inflation soars

LONDON: The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level, the third increase...

Published 17 Mar, 2022 06:00pm

Opinion

BoE’s Bailey heads into tough third year with criticisms ringing

Andrew Bailey is leading the Bank of England into one of its most complex challenges in decades while facing...

Published 16 Mar, 2022 05:40am

Business & Finance

Sterling rises vs euro

LONDON: Sterling rose on Tuesday against the euro and fell versus a strengthening dollar as investors awaited...

Published 02 Mar, 2022 04:35am

BoE reviews staff financial rules after Fed ethics scandal

LONDON: The Bank of England is conducting an internal review into its policy on officials’ personal financial...

Published 24 Feb, 2022 06:34am

World

UK inflation climbs to highest since 1992 at 5.5%

LONDON: British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the...

Updated 16 Feb, 2022 03:29pm

Markets

European shares end at one-week low as tech resumes its descent

European shares closed at a one-week low on Tuesday, with tech stocks losing the most as a rise in short-term U.S....

Published 18 Jan, 2022 10:38pm

Business & Finance

BoE to get more powers over clearing and settlement

LONDON: The Bank of England will get more powers to set direct requirements for clearing and settlement houses as...

Published 18 Jan, 2022 04:20am

Business & Finance

Sterling steadies near 23-month high versus euro

LONDON: Sterling rose on Tuesday to touch a pre-pandemic high versus the euro, supported by expectations that the...

Published 12 Jan, 2022 04:25am

Business & Finance

Pound loses post BOE-glow on Omicron fears

LONDON: The British pound fell to a three-day low on Monday, struggling to hold above $1.32 against the dollar as a...

Published 21 Dec, 2021 04:14am

Markets

Sterling erases post-BoE gains as Omicron weighs

LONDON: The British pound slipped to a three-day low on Monday, nearing $1.32 versus the greenback as a broad...

Published 20 Dec, 2021 01:36pm

Markets

ECB 'increasingly likely' to hit 2% inflation goal

FRANKFURT: The European Central Bank is "increasingly likely" to achieve its goal of stabilising euro zone inflation...

Published 17 Dec, 2021 08:24pm

Markets

IMF warns Bank of England against inaction on inflation

LONDON: The International Monetary Fund warned the Bank of England on Tuesday to avoid an 'inaction bias' in its...

Published 14 Dec, 2021 04:57pm

Business & Finance

BoE warns UK inflation to top 5% on energy costs

LONDON: British inflation will "comfortably" top five percent in April due to rocketing energy prices, well above ...

Updated 06 Dec, 2021 07:31pm

Markets

Bank of England should be vigilant on labour costs

LONDON: The Bank of England needs to be vigilant about rising labour costs as a tight job market means wages might...

Published 23 Nov, 2021 05:00pm

Markets

Sterling jumps as inflation backs BoE rate hike bets

LONDON: The pound climbed to a one-week high versus the US dollar and a 21-month peak against the euro on Wednesday...

Published 17 Nov, 2021 06:08pm

Business & Finance

Pound recoups some post-BOE losses

LONDON: The pound rose on Monday off five-week lows touched last week against the dollar and euro, clawing back some...

Published 09 Nov, 2021 04:48am

Markets

Dollar firms as US inflation poses next test

SYDNEY: The dollar made a steady start to the week in Asia on Monday but stayed below Friday peaks, as currency...

Published 08 Nov, 2021 10:39am

Markets

German bond yields pinned at 6-week lows

FRANKFURT: German government bond yields slipped on Friday to their lowest levels in six weeks as investors reduced...

Published 08 Nov, 2021 05:19am

Business & Finance

UK rate hike bets fade further after BoE hold decision

LONDON: Investors further reeled in their bets on Bank of England interest rate hikes on Friday, a day after the...

Published 08 Nov, 2021 05:19am

Business & Finance

BoE interest rate dilemma keeps sterling under pressure

LONDON: The pound edged lower on Tuesday, hovering around a three-week low, pressured by uncertainty about whether...

Published 03 Nov, 2021 03:54am

Markets

Commodity currencies at multi-month highs, sterling firm on BoE rate hike bets

TOKYO: Commodity currencies stood near multi-month highs on Thursday on strong raw material prices, while the...

Published 21 Oct, 2021 10:55am

Business & Finance

BoE hike expectations push sterling to 2-week high

LONDON: Sterling hit a two-week high on Thursday, adding to the previous session’s gains, as traders focused on...

Published 15 Oct, 2021 04:08am

Markets

Pound pinned near 2-week highs after UK jobs data leaves rate bets intact

LONDON: Sterling held near a two-week high against the dollar on Tuesday as UK jobs data came in largely in line ...

Published 12 Oct, 2021 08:41pm

Markets

FTSE 100 gains on oil, mining stock boost; Asos drops on profit warning

Asos tumbles on 2022 profit warning; CEO steps down
BoE hints at "significantly earlier" rate hikes
Oil stocks jump to March 2020 highs
FTSE 100 up 0.7%, FTSE 250 off 0.2%

Updated 11 Oct, 2021 09:27pm

Business & Finance

UK-German yield spread widest since Brexit vote on BoE rate bets

LONDON: The difference in yield between British government bonds and equivalent German debt hit its widest since the...

Published 11 Oct, 2021 04:32am

Business & Finance

Bank of England targets 'failures' in banks' trading books

"The PRA considers this lack of capabilities to be a market failure, posing risks to the PRA's safety and soundness objective, and has therefore decided to clarify its expectations in this area," says BoE

Updated 08 Oct, 2021 05:50pm

Markets

Miners, banks pull FTSE 100 to two-month low

LONDON: London's FTSE 100 ended at a two-month low on Monday, dragged down by heavyweight miners and banking stocks,...

Published 21 Sep, 2021 04:10am

Business & Finance

Sterling at 1-week high as BoE rate hike bets rise

LONDON: Sterling was at a one-week high against the dollar on Friday, shrugging off Britain’s weak economic data ...

Published 11 Sep, 2021 03:36am

Markets

Sterling at 1-week high as BoE rate hike bets rise

The BoE is expected to raise borrowing costs by end-2022 or even earlier if inflation remains high and economic recovery from the pandemic continues

Updated 10 Sep, 2021 06:33pm

Markets

Sterling edges lower after BoE warns some asset prices look stretched

Sterling eased 0.2% to $1.3861 against the dollar by 0850 GMT, after jumping to a two-week high on Monday.

Published 13 Jul, 2021 02:22pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 11 786 Investments Limited(786)	5.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 11 Al-Abbas Sugar Mills Limited(AABS)	526 ▼ 0.00 (0.00%)
Agro Allianz / Dec 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Dec 11 Allied Bank Limited(ABL)	90.51 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 11 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▼ 0.00 (0.00%)
Abson Ind. / Dec 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▼ 0.00 (0.00%)
Attock Cement / Dec 11 Attock Cement Pakistan Limited(ACPL)	105.15 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 11 786 Investments Limited(786)	5.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 11 Al-Abbas Sugar Mills Limited(AABS)	526 ▲ 0.00 (0.00%)
Agro Allianz / Dec 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Dec 11 Allied Bank Limited(ABL)	90.51 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 11 Abbott Laboratories (Pakistan) Limited(ABOT)	500.43 ▲ 0.00 (0.00%)
Abson Ind. / Dec 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	10.99 ▲ 0.00 (0.00%)
Attock Cement / Dec 11 Attock Cement Pakistan Limited(ACPL)	105.15 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.00
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.00
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	58,736,500 ▲ 0.00
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	56,593,500 ▲ 0.00
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.00
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▲ 0.00
B.O.Punjab / Dec 11 The Bank of Punjab(BOP)	32,876,325 ▲ 0.00
Pak Elektron / Dec 11 Pak Elektron Limited(PAEL)	29,819,540 ▲ 0.00
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	27,935,500 ▲ 0.00
Pak Int.Bulk / Dec 11 Pakistan International Bulk Terminal(PIBTL)	25,443,500 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	144.95
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.25
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
India Sensex / Dec 8	69825.60
Tokyo Nikkei / Dec 8	32307.86
Nasdaq / Dec 8	14403.97
Hang Seng / Dec 8	16334.37
FTSE 100 / Dec 8	7554.47
Dow Jones / Dec 8	36247.87
Germany DAX 30 / Dec 8	16759.22
France CAC40 / Dec 8	7526.55

Item	Value
Crude Oil USD/Barrel / Dec 8	71.23
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Gold Spot USD/Ounce / Dec 8	2004.67
Cotton US¢/pound / Dec 8	81.44

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