Trends - Fed - Business Recorder

Fed

Fed pivot to interest-rate cuts seen likely to start in May

WASHINGTON: A stronger-than-expected US labor market won’t keep the Federal Reserve from pivoting to a series of...

Published 11 Dec, 2023 06:41am

Pakistan

Move to discourage consumption: ‘FED on cigarettes hiked by 146pc on WHO’s advice’

ISLAMABAD: Pakistan has taken big strides, increasing federal excise duty (FED) by 146 percent on cigarettes in line...

Published 09 Dec, 2023 05:46am

Business & Finance

Powell says Fed to move ‘carefully’ on interest rates

ATLANTA: The risks of the Federal Reserve moving too far with interest rate hikes, and slowing the economy more than...

Published 04 Dec, 2023 05:35am

Business & Finance

Share of cigarettes in FED collection jumps to 40pc

ISLAMABAD: The Federal Board of Revenue’s (FBR) latest Yearbook (2022-23) data confirmed that share of cigarettes...

Published 03 Dec, 2023 02:59am

Business & Finance

As inflation cools, Fed officials signal rate hikes likely done

WASHINGTON: Federal Reserve policymakers signaled on Thursday the US central bank’s interest rate hikes are likely...

Published 01 Dec, 2023 04:43am

Business & Finance

Share of cigarettes in FED collection rises

ISLAMABAD: The share of cigarettes in overall Federal Excise Duty (FED) collection has increased to 40 percent ...

Published 29 Nov, 2023 05:09am

Business & Finance

Fed expects interest rates to stay high ‘for some time’

WASHINGTON: All members of the US Federal Reserve’s powerful rate-setting committee judged earlier this month that...

Published 27 Nov, 2023 06:13am

Markets

Asian FX rally as markets eye Fed rate cuts

BENGALURU: Emerging Asian currencies and most equities in the region rose on Tuesday after the US dollar touched new...

Published 22 Nov, 2023 05:48am

Markets

Dollar holds ground as macro data hints at later Fed rate cut

TOKYO: The dollar held its ground early on Thursday after a volatile two days that saw sharp declines followed by a...

Published 16 Nov, 2023 09:47am

Markets

Wall St inches up as markets await Fed speakers amid rate-cut hopes

NEW YORK: Wall Street’s main indexes edged higher on Monday as investors geared up for commentary by a slew of...

Published 07 Nov, 2023 06:33am

Business & Finance

Dollar dips on growing bets Fed rate hikes are over

NEW YORK: The US dollar fell to an almost eight-week low against the euro on Monday on growing confidence that the...

Published 07 Nov, 2023 06:33am

Markets

Wall St wavers ahead of Fed decision

NEW YORK: Wall Street’s main indexes struggled for direction on Tuesday as investors awaited the outcome of the...

Published 01 Nov, 2023 05:57am

Markets

Gulf bourses drop amid hawkish Fed tone, Mideast conflict

RIYADH: Stock markets in the Gulf fell on Sunday amid warnings of possible further interest rate hikes from the U.S...

Published 23 Oct, 2023 05:58am

Markets

Wall St up as Powell remarks fuel hopes Fed may pause rate hikes

NEW YORK: Wall Street’s main indexes rose on Thursday after Federal Reserve Chair Jerome Powell said the US ...

Published 20 Oct, 2023 05:17am

Business & Finance

Asian FX recover lost ground with Fed and China in focus

BENGALURU: Most emerging Asian currencies steadied and stock markets firmed on Tuesday after dovish comments from a...

Published 18 Oct, 2023 06:09am

Editorials

High interest rate environment

EDITORIAL: It seems the Fed-led hawkish interest rate cycle that started last March and battered tech stocks across...

Published 07 Oct, 2023 06:01am

Markets

Major Gulf indexes subdued as rate outlook rattles investors

DUBAI: Most major stock markets in the Gulf ended lower on Monday, alongside subdued global equities, as investor...

Published 26 Sep, 2023 06:33am

Business & Finance

Dollar retreats ahead of Fed decision

NEW YORK: The dollar edged lower on Wednesday ahead of a much-anticipated interest rate decision by the US Federal...

Published 21 Sep, 2023 06:08am

Markets

Wall St rises as strong data fails to dent rate-pause hopes

NEW YORK: Wall Street’s main indexes rose on Thursday as hotter-than-expected economic data failed to erode...

Published 15 Sep, 2023 06:32am

SC says show-cause notice issued to taxpayer must contain all necessary facts

ISLAMABAD: The Supreme Court declared that a show cause notice issued to a taxpayer must contain all the necessary...

Updated 20 Aug, 2023 09:30am

Markets

Wall St rises as July inflation data fuels Fed rate pause hopes

NEW YORK: Wall Street rose on Thursday after milder-than-feared July consumer prices data fueled hopes the Federal...

Published 11 Aug, 2023 05:17am

Business & Finance

Dollar sinks as inflation, jobless claims data cement Sept Fed pause

NEW YORK: The dollar fell on Thursday after data showed US consumer prices rose modestly last month, while initial...

Published 11 Aug, 2023 05:17am

Opinion

Fed doublespeak

Traders with long US equity and long dollar positions that laughed all the way to the bank after the Fed’s latest...

Updated 03 Aug, 2023 06:34am

Markets

Reliance, L&T power Indian shares ahead of Fed decision

BENGALURU: Indian shares advanced on Wednesday, boosted by gains in index heavyweights Reliance Industries, Larsen...

Published 27 Jul, 2023 06:26am

Business & Finance

Dollar slips before Fed decision, euro rises

NEW YORK: The dollar edged lower on Wednesday hours before the Federal Reserve is widely expected to raise interest...

Published 27 Jul, 2023 06:26am

BR Research

Oil prices - a rally coming soon?

The global crude oil price had been stuck near $75 since May this year. After resisting the prevailing pessimism for...

Published 13 Jul, 2023 08:09am

Markets

India’s Nifty snaps eight-day win streak on Fed concerns

BENGALURU: India’s blue-chip Nifty 50 index fell for the first time in nine sessions on Friday, succumbing to the...

Published 10 Jul, 2023 06:52am

Business & Finance

FBR directed to transfer ST, FED jurisdiction of all cases from AEOI Zones to original jurisdiction

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to immediately transfer...

Published 08 Jul, 2023 06:20am

Markets

Wall Street dips on jitters ahead of Fed minutes

NEW YORK: Wall Street’s main indexes fell on Wednesday ahead of the Federal Reserve’s June meeting minutes, ...

Published 06 Jul, 2023 05:42am

Massive changes introduced in Finance Bill

Govt withdraws certain exemptions, re-imposes/increases regulatory duties on imports of luxury items

Updated 25 Jun, 2023 05:02pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Dec 11 Chakwal Spinning Mills Limited(CWSM)	3.35 ▲ 1.00 (42.55%)
First Elite Cap.Mod / Dec 11 First Elite Capital Modaraba(FECM)	5.99 ▲ 0.99 (19.80%)
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	4.80 ▲ 0.61 (14.56%)
Dar-es-Salaam / Dec 11 Dar-es-Salaam Textile Mills Limited(DSML)	8.49 ▲ 1.00 (13.35%)
Silk Bank Ltd / Dec 11 Silkbank Limited(SILK)	1.24 ▲ 0.14 (12.73%)
Nazir Cotton Mills / Dec 11 Nazir Cotton Mills Limited(NCML)	4.24 ▲ 0.44 (11.58%)
Pace (Pak) Ltd. / Dec 11 Pace (Pakistan) Limited(PACE)	2.85 ▲ 0.29 (11.33%)
Samba Bank / Dec 11 Samba Bank Limited(SBL)	9.93 ▲ 1.00 (11.20%)
Alfalah ETF. / Dec 11 Alfalah Consumer Index ETF.(ACIETF)	12 ▲ 1.01 (9.19%)
Trust Mod. / Dec 11 Trust Modaraba(TRSM)	2.17 ▲ 0.17 (8.50%)

Stock	Price
Sec. Inv. Bank / Dec 11 Security Investment Bank Limited(SIBL)	4.89 ▼ -0.85 (-14.81%)
Next Capital / Dec 11 Next Capital Limited(NEXT)	6 ▼ -0.60 (-9.09%)
Redco Textile / Dec 11 Redco Textiles Limited(REDCO)	6.23 ▼ -0.57 (-8.38%)
Asim Textile / Dec 11 Asim Textile Mills Limited(ASTM)	11.50 ▼ -0.98 (-7.85%)
Crescent Fib. / Dec 11 Crescent Fibres Limited(CFL)	74.02 ▼ -6.00 (-7.50%)
Dadex Eternit / Dec 11 Dadex Eternit Limited(DADX)	45.73 ▼ -3.71 (-7.50%)
J.A.Textile / Dec 11 J.A. Textile Mills Limited(JATM)	46.64 ▼ -3.78 (-7.50%)
Reliance Cotton / Dec 11 Reliance Cotton Spinning Mills Limited(RCML)	629 ▼ -51.00 (-7.50%)
Sunrays Textile / Dec 11 Sunrays Textile Mills Limited(SUTM)	111 ▼ -9.00 (-7.50%)
Masood Textile / Dec 11 Masood Textile Mills Limited(MSOT)	53.20 ▼ -4.30 (-7.48%)

Stock	Volume
K-Electric Ltd. / Dec 11 K-Electric Limited(KEL)	342,535,258 ▲ 0.05
WorldCall Telecom / Dec 11 Worldcall Telecom Limited(WTL)	98,557,282 ▲ 0.05
Kohinoor Spining / Dec 11 Kohinoor Spinning Mills Limited(KOSM)	65,177,500 ▲ 0.61
P.T.C.L. / Dec 11 Pakistan Telecommunication Company Ltd(PTC)	63,595,500 ▲ 0.45
Askari Bank / Dec 11 Askari Bank Limited(AKBL)	57,594,500 ▲ 0.57
Hascol Petrol / Dec 11 Hascol Petroleum Limited(HASCOL)	54,822,000 ▲ 0.57
Fauji Foods Ltd / Dec 11 Fauji Foods Limited(FFL)	47,998,197 ▲ 0.10
Cnergyico PK / Dec 11 Cnergyico PK Limited(CNERGY)	46,684,647 ▼ -0.16
Pak Refinery / Dec 11 Pakistan Refinery Limited(PRL)	41,814,767 ▼ -1.64
Telecard Limited / Dec 11 Telecard Limited(TELE)	37,055,844 ▲ 0.37

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 11	284.32
USD PKR Interbank Buying / Dec 11	283.77
USD to Japanese Yen / Dec 11	145.58
USD to Swiss Franc / Dec 11	0.88
Pound Sterling to USD / Dec 11	1.25
Euro to USD / Dec 11	1.08
UK LIBOR % / Dec 8	5.48

Stock	Volume
S&P 500 / Dec 8	4604.37
Nasdaq / Dec 8	14403.97
Dow Jones / Dec 8	36247.87
India Sensex / Dec 11	69967.53
Tokyo Nikkei / Dec 11	32791.80
Hang Seng / Dec 11	16156.22
FTSE 100 / Dec 11	7549.32
Germany DAX 30 / Dec 11	16771.35
France CAC40 / Dec 11	7538.69

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 8	17235
Gold 10 Grams PKR / Dec 8	187414
Crude Oil USD/Barrel / Dec 11	71.63
Gold Spot USD/Ounce / Dec 11	1996.45
Cotton US¢/pound / Dec 11	82.25

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