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Emerging Market

Reclassification: MSCI adds three Pakistani securities to Frontier Markets Index

Development comes as Pakistan was downgraded from emerging market status earlier

Updated 12 Nov, 2021 05:06pm

MSCI downgrades Pakistan to Frontier Market

KARACHI: The Morgan Stanley Capital International (MSCI), in its decision early Wednesday morning, has decided to...

Published 09 Sep, 2021 02:53am

Business & Finance

All eyes on MSCI as reclassification decision expected on Pakistan

All eyes are set on Morgan Stanley Capital International (MSCI), which will announce whether or not Pakistan is...

Updated 08 Sep, 2021 12:02am

Business & Finance

MSCI to begin consultation on proposal to downgrade Pakistan

Announces launch of consultation process for potential downgrade of MSCI Pakistan Index from Emerging Markets to Frontier Markets status
Seeks feedback from market participants on this reclassification proposal until August 31, 2021

Updated 25 Jun, 2021 01:57pm

World

World Bank boosts growth forecasts as US stimulus, vaccines stoke demand

The development lender's latest Global Economic Prospects report showed a 1.5-percentage-point increase from forecasts made in January, before the Biden administration took office and enacted a $1.9 trillion US COVID-19 aid package.

Updated 08 Jun, 2021 07:38pm

Markets

Brazil real up; Most Latam FX pressured by rising US bond yields

Brazil's real bucked the trend to rise 0.4%, putting it on course to mark the biggest weekly gain among major Latam peers.
Falling oil prices on the possible return of Iranian supply kept Mexico's peso at bay.

Updated 27 May, 2021 08:19pm

Markets

Latam FX falls against stronger dollar; sol stabilizes after tumble

The dollar rose as investors awaited key US readings this week, which are likely to show an economic recovery gathering steam.
Chile's peso fell 0.3%, while Mexico's peso dipped 0.2%. But both currencies are expected to mark strong gains this year, with Chile benefiting from a spike in copper prices, while Mexico is set to benefit from a bounceback in the US economy.

Published 04 May, 2021 08:01pm

Markets

Trading volumes in emerging hard-currency debt shrink 11pc in 2020

"The year was marked by the outbreak of Covid-19 leading to a sell-off in the financial markets and the dramatic contraction in economic growth around the globe," EMTA said in a statement.
"The adoption of expansive monetary policies and historically low US Treasury yields later encouraged capital flows into higher-yielding asset classes including EM."

Published 29 Mar, 2021 09:34pm

Business & Finance

Egypt's relisting on JP Morgan bond index could attract $4.8bn

Egypt, which was removed from the index in the aftermath of a 2011 uprising, has been working for more than two years to be relisted. It is expected to be included in the second half of 2021.
Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index, Mandimika said.

Published 29 Mar, 2021 06:50pm

Markets

South African central bank holds repo rate at 3.5pc

The Reserve Bank (SARB) has now kept rates on hold at its last four meetings, resisting pressure to match rate hikes by other emerging market central banks.
South Africa's consumer inflation rate slowed to 2.9% in February, a touch below consensus, its lowest in eight months and below the central bank's target range of between 3% and 6%

Published 25 Mar, 2021 08:31pm

Markets

Turkey shock waves hit Latam markets, Mexican peso slides 1pc

Real snaps 3-day winning run.
Peso headed for third day of falls.
Brazil interest rate outlook shoots up.

Published 22 Mar, 2021 08:09pm

Markets

Latam FX firm; Pemex move puts Mexico's credit rating in focus

Brazil's real extends gains to third straight session.
Bovespa ends longest weekly winning streak in eight years.
Pemex move worsens credit outlook for Mexico – Citi.

Published 19 Mar, 2021 09:48pm

Markets

Latam FX struggle against buoyant dollar; Surging oil lifts Colombian peso

MSCI Latam FX index on track for worst day in five months.
Oil prices lift Colombian peso.
Colombia's new deficit forecast raises downgrade prospect –CS.

Published 05 Mar, 2021 09:36pm

Markets

Latam currencies rise as bonds stabilize, commodity prices rise

Brazil's real rose 0.5% against a stronger dollar. A survey on Monday showed the pace of expansion in the country's manufacturing sector picked up again in February after three months of deceleration.
MXN bonds were the most sensitive during the 2013 & 2016 yields spikes and will likely be hit relatively more as US yields rise.

Published 01 Mar, 2021 08:29pm

Markets

C$ hits a 1-week low as bond market selloff rattles investors

Canadian dollar weakens 0.3% against the greenback.
Loonie hits a one-week low at 1.2684.
Price of US oil falls 1.7%.
Canadian bond yields mixed across a flatter curve.

Published 26 Feb, 2021 08:41pm

Markets

Canadian dollar notches 3-year high as oil climbs

Canadian dollar up 0.1% against the greenback.
Loonie touches its strongest level since April 2018 at 1.2551.
Price of US oil increases 1.3%.
Canadian bond yields rise across a steeper curve.

Published 24 Feb, 2021 09:54pm

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

Mexican peso drops 1pc as rally in dollar, US bond yields weigh

The peso weakened 1%, with markets also keeping an eye on manufacturing hit by a deep freeze in Texas.
The dimension of the effects at the national level can be significant for the industry, as it comes at a time when the (Mexican) economy is just starting to recover.

Published 17 Feb, 2021 07:47pm

Markets

Carry trade appeal helps South African rand, stocks surge

The rand continues to dance to the global tune as 'risk off' and 'risk on' reactions vary on a regular basis.
This has been the tale of most Emerging Market (EM) currencies throughout 2020 and now 2021.

Published 01 Feb, 2021 08:56pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 1 786 Investments Limited(786)	5.45 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 1 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▼ 0.00 (0.00%)
Agro Allianz / Oct 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 1 Allied Bank Limited(ABL)	70.01 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 1 Abbott Laboratories (Pakistan) Limited(ABOT)	345.50 ▼ 0.00 (0.00%)
Abson Ind. / Oct 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 1 Alfalah Consumer Index ETF.(ACIETF)	7.40 ▼ 0.00 (0.00%)
Attock Cement / Oct 1 Attock Cement Pakistan Limited(ACPL)	86.49 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 1 786 Investments Limited(786)	5.45 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 1 Al-Abbas Sugar Mills Limited(AABS)	543.95 ▲ 0.00 (0.00%)
Agro Allianz / Oct 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 1 Allied Bank Limited(ABL)	70.01 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 1 Abbott Laboratories (Pakistan) Limited(ABOT)	345.50 ▲ 0.00 (0.00%)
Abson Ind. / Oct 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 1 Alfalah Consumer Index ETF.(ACIETF)	7.40 ▲ 0.00 (0.00%)
Attock Cement / Oct 1 Attock Cement Pakistan Limited(ACPL)	86.49 ▲ 0.00 (0.00%)

Stock	Volume
Oil & Gas Dev. / Oct 1 Oil & Gas Development Company Limited(OGDC)	10,868,813 ▲ 0.00
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	9,629,472 ▲ 0.00
Agritech Limited / Oct 1 Agritech Limited(AGL)	9,567,000 ▲ 0.00
Fauji Foods Ltd / Oct 1 Fauji Foods Limited(FFL)	6,502,449 ▲ 0.00
P.I.A.C.(A) / Oct 1 Pakistan International Airlines Corp(PIAA)	6,306,500 ▲ 0.00
Pak Petroleum / Oct 1 Pakistan Petroleum Limited(PPL)	5,897,086 ▲ 0.00
TPL Properties / Oct 1 TPL Properties Limited(TPLP)	5,187,915 ▲ 0.00
Image Pakistan / Oct 1 Image Pakistan Limited(IMAGE)	4,549,000 ▲ 0.00
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	4,331,521 ▲ 0.00
Citi Pharma Ltd / Oct 1 Citi Pharma Ltd.(CPHL)	4,238,438 ▲ 0.00

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