Trends - currency market - Business Recorder

currency market

Illegal currency business thriving in the garb of real estate deals

LAHORE: Illegal foreign currency business is thriving under the garb of real estate deals, said sources from the...

Published 31 Jan, 2024 05:22am

BR Research

PKR to appreciate?

The currency market has been moving smoothly for the past month because the PKR is stable in both the interbank and...

Updated 09 Jan, 2024 11:33am

BR Research

Currency diary

On the face of it, the currency market is moving smoothly. There is no stress in the market. The currency is...

Published 06 Dec, 2023 09:02am

Opinion

Eccentric currency market reforms

September 2023 holds some significant importance for Pakistan, marked by a series of notable events. In the first...

Updated 15 Sep, 2023 07:21am

Opinion

Army and the rupee

An old Indian friend, editor of an international newspaper in the Gulf, asked last week if it was alright to run a...

Updated 14 Sep, 2023 06:28am

Markets

5th successive decline: rupee settles at 287.15 against US dollar

Currency depreciates 0.20% in inter-bank market

Updated 23 May, 2023 07:26pm

Markets

Rupee remains under stress against US dollar

Currency settles at 225.64 in inter-bank market

Updated 23 Dec, 2022 07:51pm

Pakistan

SBP, FIA team up to take action against illegal forex operators

KARACHI: The State Bank of Pakistan (SBP) and Federal Investigation Agency (FIA) have decided to take joint action...

Published 09 Nov, 2022 03:41am

ECs can sell 20pc inward remittances to customers: SBP

KARACHI: The State Bank of Pakistan (SBP) has allowed Exchange Companies to sell 20 percent of their inward workers’...

Updated 04 Nov, 2022 09:42am

BR Research

Central banking of convenience

SBP started the flexible exchange regime in 2019. At the time, the PKR/USD level was 160. The currency oscillated...

Published 12 Oct, 2022 09:03am

Markets

'Serious violations': SBP suspends authorisation of two currency exchange companies for 3 months

Central bank advises both firms to strengthen internal control functions, submit report of corrective measures

Published 13 Sep, 2022 05:46pm

Markets

Govt to introduce measures to stabilise currency market: Miftah

Finance minister says speculation will end as govt moves to curb volatility

Updated 13 Sep, 2022 04:52pm

BR Research

Currency – snowballing?

A negative feedback loop reigns over the currency market, creating a snowball effect. This is why investor ...

Published 20 Jul, 2022 08:55am

Markets

Tarin ‘worried’ over rupee’s fall despite IMF nod

Former finance minister Shaukat Tarin on Friday expressed his concern over decline in the rupee's value against the...

Published 15 Jul, 2022 05:43pm

Business & Finance

Delay in IMF deal increases pressure on PKR: Mian Zahid

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 10 Jun, 2022 07:38am

BR Research

Currency downfall – is government losing credibility?

The anxiety in the currency market is growing again. PKR/USD after peaking at 202 in the last week, started coming...

Published 08 Jun, 2022 10:50am

Business & Finance

Secondary market yields fall: SBP again conducts long-duration OMO

KARACHI: After a gap of 3-months, State Bank of Pakistan (SBP) again conducted a 63-day OMO (Open Market Operations)...

Updated 28 May, 2022 02:51pm

Markets

Dollar slides to one-month low as Lagarde comments boost euro

NEW YORK: The U.S. dollar index hit a nearly one-month low on Tuesday after European Central Bank President...

Published 25 May, 2022 12:06am

BR Research

Currency movement: First line of defence

With the political match lingering on by extending the vote of no-confidence to 28th March, the economic decision...

Published 16 Mar, 2022 08:19am

BR Research

Money games!

There is clear change of heart in the money market. SBP increased the policy rate by 25 bps on 20th September, but...

Published 13 Oct, 2021 07:25am

BR Research

Import surge: Is reduced smuggling at play?

August imports at $6.5 billion have created quite a stir among keen observers of the economy and in the currency...

Published 07 Sep, 2021 07:25am

Opinion

Refinitiv examines changes to key daily FX fixing window

Refinitiv is considering a series of changes to its daily foreign exchange (FX) fixing, including lengthening the...

Published 07 Sep, 2021 06:25am

BR Research

Wanted: creative measures to curb imports

Trade deficit in August 2021 stood at $4.06 billion which is the highest ever number - previous high was $3.77...

Published 03 Sep, 2021 07:30am

Business & Finance

FX volatility tumbles in Europe

LONDON: Currency market volatility on Tuesday fell to its lowest since before the Covid-19 pandemic roiled markets ...

Published 09 Jun, 2021 03:29am

Business & Finance

Dollar struggles in Europe

LONDON: The dollar stabilised on Monday after dropping on Friday following lower-than-expected US jobs data, and...

Published 08 Jun, 2021 04:09am

Markets

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (March 1 to 5,...

Published 08 Mar, 2021 05:45am

Markets

Turkish lira extends decline after gov't defends past policies

The lira weakened as far as 7.1840 and stood at 7.17 against the US currency at 1200 GMT, compared to a close of 7.11 on Tuesday.
"Some are sure that he will be appointed energy minister but Erdogan will decide. There are also those in the party that say this is not possible," the official told Reuters.

Published 24 Feb, 2021 06:54pm

Markets

South Africa's rand ends the week flat as local economy, vaccine worries weigh

The rand was 0.44% stronger at 14.5550 per dollar, little moved from its overnight close of 14.6200.
There has been a divergence of views among traders this year over just how US President Joe Biden's planned $1.9 trillion fiscal stimulus package will affect the dollar.

Published 12 Feb, 2021 09:53pm

Markets

Nigeria's naira falls amid dollar shortage

The central bank nearly doubled open-market Treasury yields last week to lure investors after revising its futures contracts upwards.

Published 09 Feb, 2021 12:43am

Markets

Rouble hits over 2-week high as rising oil prices outweigh sanction risks

The rouble spearheaded an emerging market rally, with stocks trading near record highs on optimism over a global economic recovery thanks to steady vaccine rollouts.
The rouble was 0.3% stronger against the dollar at 74.42, its highest since Jan. 22.

Published 08 Feb, 2021 04:52pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.37
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 14	5246.68
India Sensex / May 14	73104.61
Tokyo Nikkei / May 14	38552.29
Nasdaq / May 14	16511.18
Hang Seng / May 14	19073.71
FTSE 100 / May 14	8428.13
Dow Jones / May 14	39558.11
Germany DAX 30 / May 14	18716.42

Item	Value
Crude Oil USD/Barrel / May 14	78.51
Karachi Cotton PKR/37.32 KG / May 14	19935
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2357
Cotton US¢/pound / May 14	73.78
Petrol/Litre / May 15	288.49

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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