Trends - COVID19 - Business Recorder

COVID19

Oil slips as surge in COVID-19 cases threatens demand

U.S. West Texas Intermediate (WTI) crude futures slipped 14 cents or 0.29pc, to $48.22 a barrel at 0757 GMT, while Brent crude futures fell 20 cents, or 0.39pc, to $51.30.

Published 18 Dec, 2020 03:23pm

Business & Finance

BOJ to look at more effective ways to resolve inflation conundrum, extends fund scheme

Years of ultra-low interest rates have crushed commercial banks' margin, while its huge asset buying has drawn criticism for drying up liquidity and distorting market pricing.

Published 18 Dec, 2020 02:56pm

Business & Finance

UK retail sales slide as November lockdown shut non-essential stores

Annual sales growth halved to 2.4pc from 5.8pc, but many economists predicted a rapid recovery in December.

Published 18 Dec, 2020 02:52pm

Pakistan

Sindh reports highest number of death from COVID-19 in past 24 hrs

Overall 83 people died across the country in past 24 hours out of which 51 fatalities are from Sindh.
The province’s mortality rate remained highest in today’s tally, whereas, the rate of positive coronavirus cases stands at 17.71 pc in the Sindh capital Karachi.

Updated 18 Dec, 2020 02:29pm

Sports

Former champ Thompson leads LPGA Tour Championship

Three birdies and a bogey saw her make the turn at two-under, and she added three birdies coming home.

Published 18 Dec, 2020 11:50am

World

Brazil records more than 1,000 Covid deaths in 24 hours: official

The health ministry expects to vaccinate 70 percent of the population -- some 150 million people -- within 16 months.

Published 18 Dec, 2020 11:47am

Sports

Pakistan win toss and bat in first New Zealand T20

"We know they're a quality side but we're up for a challenge and I think we're ready," he said.

Published 18 Dec, 2020 11:40am

Markets

Australia shares fall as COVID-19 restrictions return

The S&P/ASX 200 index declined 1.2% to finish the day at 6,675.50. However, for the week, it added 0.5% in its seventh straight weekly gain.

Published 18 Dec, 2020 11:28am

Markets

South Africa's rand retreats after scaling new 10-month high

Congressional negotiators in Washington were scrambling to agree on details of a $900 billion COVID-19 aid bill.

Published 18 Dec, 2020 11:19am

Business & Finance

FedEx profit leaps on rate hikes, e-commerce shipments

FedEx has been managing a flood of e-commerce volume by incentivizing customers to move packages on the weekend, when its network is not as busy.

Published 18 Dec, 2020 10:57am

Markets

Japan raises GDP outlook for FY2021 on lift from stimulus package

Consumer prices remain subdued due to weak domestic demand and the government' discount travel campaign to support the tourism industry.

Published 18 Dec, 2020 10:41am

Markets

Exxon Baytown, Texas, refinery to shut large FCC in early Jan due to low demand

The 90,000-bpd FCC 2 will remain in operation while FCC 3 is shut, the sources said.

Published 18 Dec, 2020 10:34am

Business & Finance

Japan's consumer prices fall at fastest pace in decade, stoke deflation fears

( The Japanese capital Tokyo, faced with acute strains on its medical system from the COVID-19 pandemic, raised its alert level to the highest of four stages on Thursday as the number of new cases spiked to a record daily high of 822.

Published 18 Dec, 2020 10:32am

Markets

Oil slips in breather after run to 9-month high as COVID-19 surge stokes demand fears

ANZ Research said with US COVID-19 infections hitting new daily records, and restrictions tightening in Japan, pressure is growing on the Organization of the Petroleum Exporting Countries (OPEC), Russia and their allies, together called OPEC+.

Published 18 Dec, 2020 10:05am

Markets

Australia, NZ dollars set to extend winning streak to 7th week

The Aussie stood at $0.7616 having climbed 1.1% for the week to touch $0.7639. That was the highest since June 2018 when it topped at $0.7677, the next major chart target.

Published 18 Dec, 2020 09:52am

World

Members of Congress will get vaccinated with first round of vaccine: physician

Monahan did not say when the vaccinations would start.

Published 18 Dec, 2020 09:50am

Markets

Japan stocks edge lower as COVID-19 woes weigh on sentiment

Investors now look to the Bank of Japan's policy decision, though some analysts say market reaction would be relatively muted.

Published 18 Dec, 2020 09:48am

World

Philippines can secure up to 25 mln doses of Moderna, Arcturus vaccines

The Southeast Asian nation had missed out on an opportunity to buy 10 million doses of Pfizer's vaccine for delivery in January, Romualdez said.

Published 18 Dec, 2020 09:40am

World

Australia imposes border curbs as Sydney virus cluster grows; Christmas travel chaos

"Everyone in greater Sydney needs to be on high alert," New South Wales (NSW) state Premier Gladys Berejiklian told a news conference on Friday in announcing 10 new cases.

Published 18 Dec, 2020 09:38am

Markets

Indian shares nearly flat as financials weigh

The Nifty IT index rose 1.45%, while the Nifty Bank Index fell 0.46%. Lender HDFC Bank was the top drag to the Nifty 50, falling 1.3%.

Published 18 Dec, 2020 09:24am

World

California judge allows San Diego strip clubs to stay open

"The state and the county are analyzing the scope of the ruling and discussing next steps, which includes seeking clarity from the court," San Diego County said on Twitter.

Published 18 Dec, 2020 09:12am

Markets

Asia shares retreat from record, but US stimulus hopes buoy market mood

Bitcoin rose 1.8% to $23,223, extending its weekly gains to 21.3%, with a break of the $20,000 mark on Wednesday triggering a fresh wave of buying binge.

Published 18 Dec, 2020 08:40am

World

Macron tests positive for COVID-19, European leaders rush for tests

Macron had numerous recent meetings with EU leaders.
Believed to have contracted virus at EU summit last week.
Said to be tired with cough, may move to palace retreat.
Wife Brigitte tested negative but is self-isolating
France among European nations hardest hit by COVID-19.

Published 18 Dec, 2020 12:37am

World

US weekly jobless claims at three-month high as COVID-19 restrictions bite

Weekly jobless claims increase 23,000 to 885,000.
Continuing claims decrease 273,000 to 5.508 million.
Mid-Atlantic factory activity slows in December.
Housing starts rise 1.2% in November; permits jump 6.2%.

Published 17 Dec, 2020 10:31pm

Pakistan

Sindh government orders closure of all academic activities in madressahs

To ensure fool proof compliance to the orders deputy commissioners, assistant commissioners and concerned personnel of law enforcement agencies/departments, not below the rank of inspectors of police or equivalent posts.

Published 17 Dec, 2020 09:42pm

Pakistan

Federal capital records 238 fresh corona cases in last 24 hours

He said so far 35,441 cases were reported from the federal capital while 381 deaths were reported from Islamabad Capital Territory (ICT).

Published 17 Dec, 2020 09:38pm

Pakistan

ECP decides to hold bye-elections on 8 vacant seats

The commission also issued directions to all the provincial governments to ensure fully implementation of SOPs related with the COVID-19 during bye-elections.

Published 17 Dec, 2020 09:28pm

World

Irish prime minister to restrict movement pending covid-19 test result

"The Taoiseach and President Macron were both attendees at the EU Council meeting in Brussels last week. The Taoiseach is limiting his contacts this afternoon as a precaution while he is tested,"

Published 17 Dec, 2020 08:59pm

Markets

Bank of England ready to tolerate a Brexit inflation spike

The BoE said it was ready to accept inflation rising temporarily above its 2pc target if a no-deal Brexit caused sterling to fall sharply.

Published 17 Dec, 2020 08:56pm

Markets

Major Gulf markets end lower; Egypt falls most in 2 mths

Saudi Arabia's benchmark index edged down 0.1pc, dragged by with retailer Fawaz Abdulaziz Alhokair, which fell nearly 2pc, leading the declines.

Published 17 Dec, 2020 08:51pm

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jun 8 Security Investment Bank Limited(SIBL)	5.03 ▲ 1.00 (24.81%)
Zephyr Textile / Jun 8 Zephyr Textiles Limited(ZTL)	9.98 ▲ 0.98 (10.89%)
Haseeb Waqas / Jun 8 Haseeb Waqas Sugar Mills Limited(HWQS)	5.50 ▲ 0.53 (10.66%)
Hussain Industries / Jun 8 Husein Industries Limited(HUSI)	12.55 ▲ 1.00 (8.66%)
Kohinoor Mills / Jun 8 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 8 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 8 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Khyber Tobacco / Jun 8 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Sunrays Textile / Jun 8 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 8 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)

Stock	Price
Century Paper / Jun 8 Century Paper & Board Mills Limited(CEPB)	30.86 ▼ -24.67 (-44.43%)
Mod. Al-Mali (R) / Jun 8 Modaraba Al-Mali R(MODAMR1)	0.47 ▼ -0.13 (-21.67%)
Sindh Modaraba / Jun 8 Sindh Modaraba(SINDM)	7.20 ▼ -1.00 (-12.20%)
Pak Gulf Leasing / Jun 8 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▼ -0.84 (-11.37%)
PICIC Ins.Ltd. / Jun 8 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	3.53 ▼ -0.35 (-9.02%)
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	5.65 ▼ -0.55 (-8.87%)
JDW Sugar / Jun 8 JDW Sugar Mills Limited(JDWS)	370 ▼ -34.00 (-8.42%)
Bilal Fibres / Jun 8 Bilal Fibres Limited(BILF)	2.25 ▼ -0.19 (-7.79%)
Pak Leather / Jun 8 Pak Leather Crafts Limited(PAKL)	13.18 ▼ -1.07 (-7.51%)

Stock	Volume
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.04
Unity Foods Ltd / Jun 8 Unity Foods Limited(UNITY)	28,717,723 ▲ 0.73
Telecard Limited / Jun 8 Telecard Limited(TELE)	16,584,665 ▼ -0.31
Pak Int.Bulk / Jun 8 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.18
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	15,277,141 ▼ -0.20
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.31
Bankislami Pak. / Jun 8 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.48
TRG Pak Ltd / Jun 8 TRG Pakistan Limited(TRG)	9,934,796 ▼ -4.26
Fauji Foods Ltd / Jun 8 Fauji Foods Limited(FFL)	9,822,229 ▼ -0.11
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	8,850,000 ▼ -0.35

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

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