Trends - Citi - Business Recorder

Citi

S&P Global will likely raise India’s rating within 2 years, Citi says

MUMBAI: Citi expects S&P Global Ratings’ to upgrade India’s sovereign rating by late 2026 given the ratings...

Published 30 May, 2024 11:08am

Markets

Iran attack on Israel spurs banks to hike oil price forecasts

LONDON: Iran’s weekend attack on Israel has increased geopolitical risks in the oil market for the near term,...

Published 16 Apr, 2024 03:38am

Business & Finance

US dollar set for best weekly gain

NEW YORK: The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the US economy...

Published 16 Mar, 2024 06:26am

Business & Finance

Citi announces head of banking and executive vice chair of bank

KARACHI: Citi on Thursday announced that Viswas (“Vis”) Raghavan will join Citi as Head of Banking and Executive...

Published 02 Mar, 2024 04:16am

Business & Finance

KSA to hire Goldman, Citi, HSBC for Aramco share sale

RIYADH: Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary...

Updated 09 Feb, 2024 09:42am

BR Research

Oil: Enter the bears

The oil bull rally finally lost steam. Having threatened to touch the magical $100/bbl and go beyond – just two...

Published 06 Oct, 2023 08:51am

Business & Finance

Citi dealmaking head for South Asia, India retires

BENGALURU: Citi-group said on Tuesday Ravi Kapoor will retire as head of banking, capital markets and advisory ...

Published 23 Aug, 2023 05:50am

Markets

Oil prices up 2pc to 3-month high on tight supply

NEW YORK: Oil prices climbed over 2 percent to a three-month high on Monday on tightening supply, rising US gasoline...

Published 25 Jul, 2023 06:20am

Business & Finance

Citi plans IPO for Mexican unit Banamex

NEW YORK: Citi announced Wednesday that it will launch an initial public offering of its Mexican business Banamex,...

Published 29 May, 2023 04:27am

Markets

Copper decline as demand uncertainty, Fed rate hike concerns weigh

BEIJING: Copper prices fell on Wednesday as demand uncertainty and a firmer dollar under a higher-for-longer ...

Published 16 Feb, 2023 06:08am

Markets

Copper rally falters as focus shifts back to weak demand

LONDON: Copper prices came under pressure on Monday as focus shifted back to weakening demand, particularly in top...

Published 17 Jan, 2023 06:02am

Business & Finance

JPMorgan, Citi among firms facing potential divestment by Kentucky over energy ‘boycott’

BENGALURU: Kentucky on Tuesday warned 11 major financial companies, including Citigroup Inc, JPMorgan Chase & Co...

Published 09 Jan, 2023 06:00am

Business & Finance

China frees up $70bn for banks to underpin slowing economy

BEIJING: China said on Friday it would cut the amount of cash that banks must hold as reserves for the second time...

Published 26 Nov, 2022 04:13am

Markets

Copper retreats on projected demand slowdown

LONDON: Copper prices slipped on Tuesday as the market focused on slowing growth and demand around the world, though...

Published 26 Oct, 2022 05:52am

Markets

Aluminium rises further

LONDON: Aluminium prices rose for a second straight day on Thursday after news reports suggested that the United...

Published 14 Oct, 2022 03:39am

Business & Finance

Citi appoints Kamal Benkabbou as Head of Markets for Middle East, Egypt, and Pakistan

Citi has appointed Kamal Benkabbou as Head of Markets for Middle East, Egypt, and Pakistan (MEEP) effective...

Published 12 Oct, 2022 01:13pm

Opinion

Britain’s new vision leaves onlookers with nightmares

Britain’s new economic agenda represents the biggest gamble for growth in a major Western democracy in at least 40...

Updated 25 Sep, 2022 06:47am

Business & Finance

SBP appoints 12 banks as Primary Dealers for Financial Year 2022-23

The State Bank of Pakistan (SBP) has appointed 12 banks as Primary Dealers (PDs) of government securities and two...

Published 13 Jul, 2022 11:28am

Business & Finance

Citi announces referral arrangement with Haball

Will facilitate clients’ real-time B2B settlement

Published 06 Apr, 2022 07:23pm

Markets

Citi to exit consumer banking in Mexico

NEW YORK: Citi announced Tuesday it will exit its Mexican consumer banking business, the latest reorganization ...

Published 12 Jan, 2022 10:13am

Opinion

In Japan, a weaker yen may not be the blessing it once was

A weak yen, once seen as favourable for Japan’s exports-focused economy, has now become a pain point as it eats...

Published 27 Nov, 2021 05:08am

Business & Finance

Citigroup to require all US employees to be vaccinated

Citigroup Inc said on Thursday it will require all US employees to be vaccinated against COVID-19 as a condition of...

Updated 29 Oct, 2021 01:27am

Asian coal-fired closures: ADB, Citi, HSBC, Prudential hatch plan

LONDON/MELBOURNE: Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real...

Updated 04 Aug, 2021 09:56am

Business & Finance

Trio of US banks post strong profits

NEW YORK: A trio of US banks reported strong profits Wednesday, boosted by the improved credit quality outlook...

Published 15 Jul, 2021 04:03am

Markets

Copper prices dip

LONDON: Copper edged lower on Wednesday as investors took some money off the table over worries about a dip in ...

Published 03 Jun, 2021 04:13am

Markets

Copper prices sink

LONDON: Copper prices fell on Wednesday as rising inflation pushed investors into a risk-off sentiment, offsetting...

Published 20 May, 2021 04:26am

Markets

Oil prices fall on worries of pandemic surge in India

NEW YORK: Oil prices settled lower on Thursday, reversing early gains under pressure from rising Covid-19 infections...

Published 07 May, 2021 04:35am

Asia consumer business: DBS, StanChart weigh bids as Citi retreats

SINGAPORE: Banks including DBS Group, Mitsubishi UFJ Financial Group (MUFG), OCBC and Standard Chartered are set to...

Published 21 Apr, 2021 03:21am

Business & Finance

Citi cuts Turkish firms to 'marketweight' on policy uncertainties

President Tayyip Erdogan this month appointed Sahap Kavcioglu as central bank governor after sacking Naci Agbal, who had won market praise for aggressively hiking interest rates to try to curb Turkey's double-digit inflation.
Citi, which last week said it could look to buy Turkish bank bonds, said it also saw near-term value in industrial companies.

Published 29 Mar, 2021 06:18pm

Business & Finance

Citi hires Goldman’s chief diversity officer

NEW YORK: Citi Group has hired Erika Irish Brown from rival Goldman Sachs Group Inc to lead its global diversity...

Published 27 Mar, 2021 05:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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