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currency markets

The darkness deepens

They say the night is darkest before the dawn. On Monday, it couldn’t have gotten darker—somewhere, someone in...

Published 25 Jan, 2023 06:25am

Opinion

Why the USD matters?

Whenever I meet clients and investors, the one discussion I always end up having, regardless of market conditions, ...

Updated 18 Jan, 2023 07:34am

Editorials

PKR: woeful decline

EDITORIAL: The gap between the currency markets — the interbank and the open market — is widening on a daily...

Published 09 Sep, 2022 06:09am

US, Japan agree to tackle currency, economic impact of Ukraine war

Both sides say war raised exchange rate volatility, which could adversely affect economic and financial stability

Published 13 Jul, 2022 05:48am

Opinion

Keeping them poor to keep them alive

A special report in Business Recorder the other day revealed that it might not suffice to cut subsidies to revive ...

Updated 02 Jun, 2022 07:34pm

BR Research

Wanted: Shehbaz speed in Islamabad

Stocks, bonds, and currency markets rallied soon after the new government took office. Markets were jittery due to...

Published 13 Apr, 2022 08:09am

Markets

Currency markets nervously eye Ukraine headlines, take heart from possible summit

HONG KONG: Currency markets started the week nervously eying tensions in eastern Europe, with the safe-haven yen not...

Published 21 Feb, 2022 11:32am

Business & Finance

Sterling gains on broadly struggling dollar; central bank eyed

LONDON: Sterling firmed on Thursday as the discovery of the first case of the Omicron variant in the United States...

Published 03 Dec, 2021 04:31am

Markets

Currencies recover from Omicron chaos but analysts warn more volatility ahead

OTTAWA: Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron ...

Published 29 Nov, 2021 11:38am

Business & Finance

Dollar gains, euro recovers on better than expected data

NEW YORK: The dollar index held near 16-month highs on Tuesday after Federal Reserve Chair Jerome Powell was picked...

Published 24 Nov, 2021 05:18am

Markets

Global shares linger at peaks ahead of Fed move

HONG KONG: Global shares hovered at record highs while currency markets and US Treasuries were steady on Wednesday,...

Published 03 Nov, 2021 10:30am

Business & Finance

US dollar index falls

NEW YORK: The U.S. dollar lost value against major currencies on Wednesday as the Bank of Canada started off a ...

Published 28 Oct, 2021 04:06am

Business & Finance

Early trade: Dollar swings with currency markets nervous ahead of upcoming jobs data

NEW YORK/LONDON: The dollar recovered from a fall on Wednesday brought on by the release of an unexpectedly weak...

Published 05 Aug, 2021 04:34am

Markets

Sterling shoots up 0.9% after falling overnight below $1.38

The pound rose 0.9% versus a weakening dollar to $1.3910, after falling to $1.3786, its lowest of since April 16.
Currency markets are fully pricing in a 30 basis point hike in rates by the BoE by December 2022.

Published 21 Jun, 2021 08:08pm

Markets

Sterling slips to one-month low versus dollar

Versus the euro, it was down 0.4% at 86.24 pence per euro .
"Sterling's bearish bias has been in place over the past week or so as it toyed with breaking below 1.41 against the dollar."

Published 15 Jun, 2021 05:42pm

Markets

Dollar looks stronger as euro and sterling dip

Currency markets had been sluggish all week in anticipation of Thursday's release of U.S. consumer prices, which rose 5pc year-on-year in May.

Updated 12 Jun, 2021 12:42am

Markets

FX volatility at Feb 2020 lows with dollar gaining slightly

FX volatility index falls to Feb 2020 levels.
Euro lower ahead of ECB meeting on Thursday.
Traders wait for policy cues before making new bets.

Published 08 Jun, 2021 08:01pm

Markets

FX volatility falls to pre-pandemic lows as traders wait it out

FX volatility index falls to Feb 2020 levels.
Euro lower ahead of ECB meeting on Thursday.
Traders wait for policy cues before making new bets.
Sterling dips after recent run higher.

Published 08 Jun, 2021 05:16pm

Business & Finance

Dollar steadies in Europe

LONDON: The dollar index held near a three-week high on Friday and moves in currency markets were muted as traders...

Published 05 Jun, 2021 04:08am

Business & Finance

Sudan issues new rules for selling dollars

KHARTOUM: Sudan’s central bank on Thursday relaxed restrictions to allow commercial banks more flexibility in...

Published 03 May, 2021 04:39am

Markets

Dollar drifts higher before Fed decision

While currency markets were generally calm, signs of nervousness were evident in the bond markets where yields on 10-year US Treasury notes rose above 1.60% after tepid auction results.
The dollar index rose 0.2% at 91.047, bouncing from Monday's low of 90.679, its weakest level since March 3, though investors were not convinced a recent downtrend had ended.

Published 28 Apr, 2021 05:21pm

Business & Finance

Dollar surges in Europe

LONDON: The dollar edged higher on Tuesday, helped by a pick-up in US Treasury yields, while riskier currencies...

Updated 14 Apr, 2021 10:11am

Markets

Asian shares, currencies tread lower; Indian shares drop as cases spike

"With Europe on holiday today, volumes will rapidly taper this afternoon in Asia," said Jeffrey Halley, a senior Asia Pacific market analyst at OANDA.

Published 05 Apr, 2021 11:18am

Markets

Your rupee last week

KARACHI: Following currency fluctuations took place in foreign exchange rates during the last week. (March 15 to 19,...

Published 22 Mar, 2021 04:18am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar ticked higher on Wednesday, rebounding from a slight dip after a tame US inflation report, ...

Published 11 Mar, 2021 05:25am

Markets

Risk currencies recover from Friday carnage, dollar consolidates

The dollar slipped 0.1% to 106.415 yen, but still near the six-month high of 106.69 touched Friday.

Published 01 Mar, 2021 09:58am

Business & Finance

Risk units, euro rise in Europe

LONDON: The dollar index dropped on Thursday, risk currencies rose to three-year highs and the euro continued its...

Updated 26 Feb, 2021 09:30am

Markets

Loonie notches a 3-year high as Canada's bond yields jump

Canadian dollar strengthens 0.2% against the greenback.
Loonie touches its strongest since February 2018 at 1.2468.
Price of US oil falls 0.9%.
Canada's 10-year yield touches a 13-month high at 1.481%.

Published 25 Feb, 2021 08:21pm

Business & Finance

Sterling consolidates above $1.38

LONDON: Sterling held above the $1.38 mark hit earlier this week on Thursday in relatively quiet currency markets...

Updated 12 Feb, 2021 09:30am

Markets

Russian rouble recovers after sell-off led by sanction risk

Risk of sanctions linked to the arrest of Kremlin critic Alexei Navalny upon his return to Russia for the first time since being poisoned last summer hit the rouble on Monday.
Rouble was 0.3% stronger against the dollar at 73.75 and was flat against the euro, trading at 89.45.

Published 19 Jan, 2021 05:39pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	282.73
USD PKR Interbank Buying / Jun 12	282.53
USD to Japanese Yen / Jun 12	143.91
USD to Swiss Franc / Jun 12	0.82
Pound Sterling to USD / Jun 12	1.35
Euro to USD / Jun 12	1.15
UK LIBOR % / Jun 11	4.96

Stock	Volume
S&P 500 / Jun 11	6,022.24
Nasdaq / Jun 11	19,615.88
Dow Jones / Jun 11	42,865.77
India Sensex / Jun 12	82,355.26
Tokyo Nikkei / Jun 12	38,173.09
Hang Seng / Jun 12	24,037.41
FTSE 100 / Jun 12	8,864.73
Germany DAX 30 / Jun 12	23,697.86
France CAC40 / Jun 12	7,718.48

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 11	16,985
Gold 10 Grams PKR / Jun 11	302,554
Crude Oil USD/Barrel / Jun 12	67.42
Gold Spot USD/Ounce / Jun 12	3,343.62
Cotton US¢/pound / Jun 12	67.28
Petrol/Litre / Jun 13	253.63
Diesel/Litre / Jun 13	254.64

Gainers
Losers
Leaders

Stock	Price
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	6.11 ▲ 1 (19.57%)
Grays Leasing / Jun 12 Grays Leasing Limited(GRYL)	6.61 ▲ 1 (17.83%)
Dewan Farooque Sp. / Jun 12 Dewan Farooque Spinning Mills Limited(DFSM)	5.21 ▲ 0.53 (11.32%)
Apna Microfin. / Jun 12 Apna Microfinance Bank Limited(AMBL)	10.64 ▲ 0.97 (10.03%)
Sardar Chemical / Jun 12 Sardar Chemical Industries Limited(SARC)	70.80 ▲ 6.44 (10.01%)
Saif Textile / Jun 12 Saif Textile Mills Limited(SAIF)	17.25 ▲ 1.57 (10.01%)
Shadman Cotton / Jun 12 Shadman Cotton Mills Limited(SHCM)	43.07 ▲ 3.92 (10.01%)
Bannu Woollen / Jun 12 Bannu Woollen Mills Limited(BNWM)	44.41 ▲ 4.04 (10.01%)
First Elite Cap.Mod / Jun 12 First Elite Capital Modaraba(FECM)	42.20 ▲ 3.84 (10.01%)
Nets Internat.Comm. / Jun 12 Nets International Communication Limited(GEMNETS)	28.50 ▲ 2.59 (10%)

Stock	Price
PIA Holding Co.B / Jun 12 PIA Holding Company Limited B(PIAHCLB)	20,987.89 ▼ -2331.99 (-10%)
Khyber Textile / Jun 12 Khyber Textile Mills Limited(KHYT)	1,993.94 ▼ -221.55 (-10%)
Otsuka Pakistan / Jun 12 Otsuka Pakistan Limited(OTSU)	398.57 ▼ -42.15 (-9.56%)
Ideal Spinning / Jun 12 Ideal Spinning Mills Limited(IDSM)	14.54 ▼ -1.45 (-9.07%)
First Capital Equities / Jun 12 First Capital Equities Limited(FCEL)	4.01 ▼ -0.39 (-8.86%)
Pak Paper Prod / Jun 12 Pakistan Paper Products Limited(PPP)	158.38 ▼ -12.76 (-7.46%)
Chenab Ltd / Jun 12 Chenab Limited(CHBL)	6.17 ▼ -0.49 (-7.36%)
Hinopak Motor / Jun 12 Hinopak Motors Limited(HINO)	374.16 ▼ -28.7 (-7.12%)
Zahid Jee Textile / Jun 12 Zahidjee Textile Mills Limited(ZAHID)	27.06 ▼ -1.99 (-6.85%)
ECOPACK Ltd / Jun 12 Ecopack Limited(ECOP)	85.11 ▼ -6.09 (-6.68%)

Stock	Volume
Sui South Gas / Jun 12 Sui Southern Gas Company Limited(SSGC)	55,899,181 ▲ 0.78
Fauji Cement / Jun 12 Fauji Cement Company Limited(FCCL)	50,597,576 ▲ 0.49
WorldCall Telecom / Jun 12 Worldcall Telecom Limited(WTL)	49,327,936 ▼ -0.08
Pervez Ahmed Consultancy / Jun 12 Pervez Ahmed Consultancy Services Ltd.(PASL)	49,092,533 ▼ -0.07
Maple Leaf Cement / Jun 12 Maple Leaf Cement Factory Limited(MLCF)	40,260,789 ▲ 0.74
K-Electric Ltd. / Jun 12 K-Electric Limited(KEL)	38,519,154 ▼ -0.24
Invest Bank / Jun 12 Invest Capital Investment Bank Limited(ICIBL)	38,443,385 ▲ 1
Dewan Cement / Jun 12 Dewan Cement Limited(DCL)	27,852,990 ▼ -0.43
Kohinoor Spining / Jun 12 Kohinoor Spinning Mills Limited(KOSM)	26,083,851 ▼ -0.18
Treet Corp / Jun 12 Treet Corporation Limited(TREET)	24,336,515 ▼ -0.27

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