Trends - Evergrande - Business Recorder

Evergrande

Trading in property giant China Evergrande suspended in Hong Kong

HONG KONG: Trading in embattled property giant China Evergrande was suspended Monday on the Hong Kong stock ...

Published 04 Oct, 2021 09:12am

Markets

European stocks sag on mixed economic data

LONDON: European stock markets sagged Thursday, as Britain ended a pandemic jobs support scheme and German investors...

Published 01 Oct, 2021 04:07am

Markets

Wall Street rises, but tracks steep monthly losses

NEW YORK: Wall Street’s main indexes rose on Thursday at the end of a bruising month as investors kept a close...

Published 01 Oct, 2021 04:07am

Business & Finance

China urges banks to avoid housing speculation to curb Evergrande risk

BEIJING: China has urged banks to steady the housing market and avoid speculation as fears mount that Evergrande’s...

Published 01 Oct, 2021 04:07am

Markets

Hong Kong edges lower at open

HONG KONG: Hong Kong stocks opened slightly lower on Thursday morning after a three-day gain, with investors keeping...

Published 30 Sep, 2021 10:21am

Markets

Asian markets tumble on fears over inflation, Fed and default

HONG KONG: Asian markets plunged into the red Wednesday following a rout on Wall Street as investors fret over...

Published 29 Sep, 2021 10:19am

Business & Finance

Evergrande fuels concerns over China's housing bubble

BEIJING: A state crackdown on China's colossal property market has helped send one of its biggest developers to the...

Published 28 Sep, 2021 09:35am

Markets

Asian markets mostly down on taper worry, eyes on debt limit

HONG KONG: Most Asian markets slipped Tuesday with investors contemplating the prospect of rising US borrowing costs...

Published 28 Sep, 2021 09:18am

Business & Finance

PBOC promises to protect consumers as Evergrande teeters

BEIJING/HONG KONG: China's central bank vowed to protect consumers exposed to the housing market on Monday and...

Published 28 Sep, 2021 05:12am

Business & Finance

China Evergrande's electric car unit's shares tumble 26% after warning

HONG KONG: Shares of China Evergrande's electric car unit plunged as much as 26% on Monday after it warned it faced...

Published 27 Sep, 2021 11:20am

Markets

Asian markets start week with gains but eyes on Evergrande

While concerns about an economically disastrous collapse of the firm have abated for now, analysts warned there was a long way to go before markets were out of the woods

Published 27 Sep, 2021 09:58am

Markets

Global stocks mostly fall on renewed Evergrande fears

NEW YORK: Stock markets mostly dropped Friday, as traders closed out a volatile week for global equities by booking...

Published 27 Sep, 2021 05:51am

Business & Finance

Eurozone exposure to Evergrande 'limited': Lagarde

FRANKFURT: European Central Bank chief Christine Lagarde said on Friday that the potential collapse of the troubled...

Published 25 Sep, 2021 04:59am

Business & Finance

Evergrande misses payment deadline, EV unit warns of cash crunch

SINGAPORE/SHANGHAI: China Evergrande's electric car unit warned on Friday it faced an uncertain future unless it got...

Published 25 Sep, 2021 04:59am

Markets

Eurozone exposure to Evergrande 'limited': Lagarde

Markets plunged at the beginning of the week by fears that Evergrande -- one of China's biggest developers in the crucial property sector

Published 24 Sep, 2021 01:29pm

World

For Xi and China Evergrande, a delicate balancing act

With one year before the Chinese president is poised to secure an unprecedented third five-year term, the stakes are high during what is proving to be the most consequential period of his tenure

Updated 24 Sep, 2021 05:59pm

Markets

Dollar wallows near one-week low as haven demand ebbs

TOKYO: The dollar wallowed near its lowest level in a week versus major peers on Friday, as improved risk sentiment...

Published 24 Sep, 2021 11:16am

Business & Finance

Fears grow for China Evergrande after interest deadline passes

The company owes $305 billion, has run short of cash and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world

Published 24 Sep, 2021 10:29am

Business & Finance

Pound jumps

LONDON: Sterling rallied nearly 1% on Thursday after the Bank of England said two of its policymakers had voted for...

Published 24 Sep, 2021 04:40am

Business & Finance

Dollar retreats as risk appetite rebounds

NEW YORK: The dollar fell across the board on Thursday as improved risk sentiment in global financial markets erased...

Published 24 Sep, 2021 04:40am

Markets

Chinese yuan near one-month low after Fed signals quicker end to stimulus

The dollar index rose to a one-month high after the Fed said it would likely begin reducing its monthly bond purchases as soon as November and signalled interest rate increases may follow more quickly than expected

Published 23 Sep, 2021 10:37am

Business & Finance

Evergrande seeks to reassure retail investors as key debt deadline looms

Hui Ka Yan's statement came after the developer said on Wednesday it had "resolved" a coupon payment on an onshore bond, pushing the company's stock price to its biggest single-day percentage rise since its listing in 2009

Published 23 Sep, 2021 10:28am

World

Evergrande domestic debt deal calms immediate contagion concern

SINGAPORE/SHANGHAI: China Evergrande agreed to settle interest payments on a domestic bond on Wednesday, while the...

Published 23 Sep, 2021 04:35am

Markets

Tech, financials drive Wall Street recovery ahead of Fed

NEW YORK: Wall Street indexes bounced back from recent losses on Wednesday as concerns over a default by China’s...

Published 23 Sep, 2021 04:35am

Markets

Copper jumps 4pc as markets cheer Evergrande deal

LONDON: Copper prices shot up by nearly 4pc on Wednesday on relief that China's debt-burdened Evergrande would pay...

Updated 22 Sep, 2021 10:58pm

Markets

Stocks, dollar mostly higher before Fed

LONDON: Stock markets mostly rose Wednesday, recovering further from recent sharp losses on easing concerns over...

Published 22 Sep, 2021 04:31pm

Business & Finance

KSE-100 recovers after intra-day fall of over 1,200 points

Benchmark index reacts to triggers emanating from regional markets as well as interest-rate hike in Pakistan

Updated 22 Sep, 2021 06:18pm

Business & Finance

Evergrande agrees deal to avoid default on key bond: company

BEIJING: Embattled Chinese housing giant Evergrande said Wednesday it had agreed a deal with domestic bondholders...

Published 22 Sep, 2021 10:11am

World

Evergrande's rising default risks shift focus to possible Beijing rescue

HONG KONG/NEW YORK: Persistent default fears eclipsed efforts by China Evergrande Group's chairman to lift ...

Published 22 Sep, 2021 03:48am

Markets

US, European stocks rebound after Evergrande-driven rout

LONDON: US and European equities rebounded on Tuesday after fears over the possible collapse of Chinese property...

Published 22 Sep, 2021 03:48am

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 9 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 9 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 9 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 9 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 9 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 9 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 9 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 9 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 9 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 9 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 9 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 9 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 9 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 9 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 9 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 9 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 9 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 9 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 9 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 9 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 9 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 9 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.36
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.25
Euro to USD / Jun 9	1.08
UK LIBOR % / Jun 8	5.07

Stock	Volume
S&P 500 / Jun 8	4293.93
Nasdaq / Jun 8	13238.52
Dow Jones / Jun 8	33833.61
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32198.70
Hang Seng / Jun 9	19359.13
FTSE 100 / Jun 9	7602.26
Germany DAX 30 / Jun 9	15981.08
France CAC40 / Jun 9	7223.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 8	20235
Gold 10 Grams PKR / Jun 8	194616
Crude Oil USD/Barrel / Jun 9	70.85
Gold Spot USD/Ounce / Jun 9	1963.16
Cotton US¢/pound / Jun 9	81.53

Evergrande

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