Trends - COVID19 - Business Recorder

COVID19

Gold jumps 1pc on dollar slide, U.S. stimulus progress

Spot gold was up 0.5pc to $1,874.14 per ounce at 1030 GMT, having hit a near one-month high of $1,882.76 earlier in the session. U.S. gold futures were up 1.1pc to $1,878.50.

Published 17 Dec, 2020 06:08pm

Pakistan

Lockdown imposed in Karachi’s district west COVID-19 hotspots

The areas that will be locked down include Manghopir (Bakra Perhi, Sector 14-B, Gulshan-e-Maymar, Sector 10/5 and KDA Sector 6) and Orangi (Saleemabad Sector 11/2 and Shah Wali Ullah Nagar).
The micro smart lockdown will come into effect at midnight tonight will remain in place till 7am on December 31.

Updated 17 Dec, 2020 06:34pm

World

Saudi Arabia begins inoculating people with Pfizer COVID-19 vaccines

Earlier this week, health authorities asked citizens and residents to register to receive the vaccine, which they said would be given free to all in the country.

Published 17 Dec, 2020 05:58pm

World

EU's Michel in COVID-19 self-isolation after meeting Macron

Michel was informed by the French authorities that he is not considered to be a close contact. He is tested regularly and tested negative on Tuesday.

Published 17 Dec, 2020 05:45pm

Business & Finance

Surging investor interest sends bitcoin to peak past $23,000

The 2020, rally has also been driven by increasing expectations it will become a mainstream payment method, with PayPal opening its network to cryptocurrencies.

Published 17 Dec, 2020 05:30pm

Business & Finance

German bond yields dip after issuance outlook

McCallum said Thursday's drop in yields was "perhaps to be expected after such a sell-off yesterday in core euro zone government bonds".

Published 17 Dec, 2020 05:25pm

World

EU concludes preliminary talks to buy up to 200mn doses of Novavax COVID vaccine

The possible deal with Novavax would be the seventh sealed by the EU with vaccine makers for the supply of COVID-19 shots.

Published 17 Dec, 2020 04:35pm

World

Spain's Sanchez quarantines after France's Macron tests positive for COVID-19

Spanish Prime Minister Pedro Sanchez has suspended all public activities and will quarantine until Dec.24 after being in contact with French President Emmanuel Macron, who has tested positive for COVID-19.
Sanchez and Macron met on Monday in Paris. Video footage of Macron welcoming the Spanish prime minister at the Elysee Palace showed both wore masks and did not shake hands.

Published 17 Dec, 2020 04:28pm

Pakistan

Sindh governor calls on prime minister

The Sindh governor also invited the prime minister to visit the province which he accepted, a PM Office press release said.

Published 17 Dec, 2020 04:24pm

World

French President Emmanuel Macron tests positive for COVID-19

Macron will now isolate for seven days but will continue to work and carry out his activities remotely.

Updated 17 Dec, 2020 03:01pm

Pakistan

Karachi’s COVID-19 positivity rate jumps up to 16.59 pc: NCOC

According to National Command and Operation Centre (NCOC) data, among overall 71 deaths, 39 were reported in Punjab.
Sindh has the highest positivity rate recorded at 10.6 pc, Azad Kashmir 11.4 pc, Balochistan 14.2 pc, Khyber Pakhtunkhwa 8.1 pc and in Punjab 3.8 percent.

Updated 17 Dec, 2020 02:26pm

Markets

German bond yields edge higher ahead of issuance outlook

Positive risk sentiment on the back of progress on US stimulus, where negotiators were closing in on a $900 billion COVID-19 aid bill, and hopes for a Brexit trade deal probably also hurt safe-haven bonds.

Published 17 Dec, 2020 01:42pm

Markets

South Africa's rand hits 10-month high as risk appetite nudges up

Lower interest rates in the United States typically lift demand for higher-yielding assets in emerging markets like South Africa.

Published 17 Dec, 2020 12:44pm

Business & Finance

Saudi economy shrinks 4.6% in Q3 as oil sector takes a hit

The world's largest oil exporter said on Tuesday it expects the economy to shrink by 3.7% this year but to swing back to growth of 3.2% next year.

Published 17 Dec, 2020 12:30pm

Markets

Rouble climbs on rising oil prices ahead of Putin press conference

The Russian market will have one eye on Thursday on Putin fielding questions from the media, an annual event, which can last for several hours and is due to begin at 1200 (0900 GMT) in Moscow.

Published 17 Dec, 2020 12:20pm

World

Sweden struggles under second virus wave

In part the response has also been constrained by legislation, including a guarantee on freedom of movement enshrined in the constitution.

Published 17 Dec, 2020 11:45am

World

Pfizer delivers Phase 3 test results for COVID-19 vaccine to Brazil regulator

Pfizer is the second company to do so after AstraZeneca Plc delivered its results to Anvisa earlier in December.

Published 17 Dec, 2020 11:36am

Pakistan

COVID vaccine will be available in February or March next year, says SAPM Sultan

Faisal says COVID-19 is rapidly spreading in the densely populated areas of the country and the positivity ratio in Karachi is highest
Pandemic can only be controlled by adhering to SOPs until the availability of the vaccine: Special assistant

Published 17 Dec, 2020 11:24am

Markets

Bank of England set to wait for end to Brexit stand-off

The BoE's bond-buying programme is widely seen as its most likely weapon should it need to return to the stimulus pumps.

Published 17 Dec, 2020 10:55am

World

New Zealand plans vaccine roll-out in second half of 2021

COVID-19 Response Minister Chris Hipkins said the health ministry has purchased nine large minus 80 degree Celsius freezers that can store more than 1.5 million doses of the Pfizer-BioNTech vaccine.

Published 17 Dec, 2020 10:50am

Markets

Dollar in doldrums as progress on US stimulus, Brexit deals dent safety bid

Bitcoin traded at $21,342 after smashing through the $20,000 barrier for the first time overnight, and extending as high as $21,420 on Thursday.

Published 17 Dec, 2020 10:44am

World

FDA says extra doses from vials of Pfizer's COVID-19 vaccine can be used

"However, since the vials are preservative free, it is critical to note that any further remaining product that does not constitute a full dose should not be pooled from multiple vials to create one," the statement added.

Published 17 Dec, 2020 10:28am

Sports

Johnson masters annus horribilis to return to the top

Lee's compatriot Kim Sei-young won the KPMG Women's PGA Championship in October and Kim A Lim, also from South Korea, pulled off a thrilling come-from-behind victory at the US Women's Open in December.

Published 17 Dec, 2020 10:11am

Sports

Australian Open to start on Feb. 8

The ATP tournament scheduled to take place in Adelaide has been moved to Melbourne to be played in the week commencing Jan. 31 alongisde another men's tournament in the city.

Published 17 Dec, 2020 10:08am

Markets

South Korean shares fall as virus worries overshadow US stimulus hopes

South Korea's central bank said it has agreed to renew an existing currency swap agreement with the Fed by another six months to at least Sept. 30, 2021.

Published 17 Dec, 2020 10:04am

Markets

Australia hails faster economic recovery as COVID-19 outbreak suppressed

Adding to the tide of stimulus, the Reserve Bank of Australia (RBA) has slashed interest rates to near zero and launched a A$100 billion bond-buying program, saying creating jobs was a "national priority."

Published 17 Dec, 2020 09:57am

Markets

Copper advances as investors eye further US stimulus

LME aluminium rose 0.5% to $2,044.50 a tonne, zinc advanced 0.4% to $2,842 a tonne .

Published 17 Dec, 2020 09:43am

World

China welcomes WHO-led trip to investigate COVID-19, WHO official says

On Wednesday, a WHO member and diplomats told Reuters the international mission led by the WHO was expected to go to China in the first week of January to investigate the origins of the virus that sparked the COVID-19 pandemic.

Published 17 Dec, 2020 09:28am

World

US vaccine campaign grows as COVID-19 kills 3,000-plus Americans daily

With hospitalizations setting a record for the 19th day in a row - nearly 113,000 patients under treatment on Wednesday - health experts warn that fatalities will rise higher still in the weeks ahead, even as the vaccine campaign steadily expands.

Published 17 Dec, 2020 09:24am

World

US Interior Secretary Bernhardt tests positive for COVID-19

Bernhardt was asymptomatic and would continue to work while in quarantine.

Published 17 Dec, 2020 09:23am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.61
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
India Sensex / Apr 25	74339.44
Tokyo Nikkei / Apr 25	37628.48
Nasdaq / Apr 25	15611.76
Hang Seng / Apr 25	17284.54
FTSE 100 / Apr 25	8078.86
Dow Jones / Apr 25	38085.80
Germany DAX 30 / Apr 25	17917.28

Item	Value
Crude Oil USD/Barrel / Apr 25	83.77
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Gold Spot USD/Ounce / Apr 25	2331.28
Cotton US¢/pound / Apr 25	81.08
Petrol/Litre / Apr 26	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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