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Federal Reserve

European shares climb ahead of economic data, Fed’s Powell remarks

European shares gained on Friday as investors cheered growing prospects of rate cuts on cooler-than-expected...

Published 01 Dec, 2023 02:40pm

Markets

Wall St pares gains as rate-cut cheer ebbs after latest Fed comments

NEW YORK: Wall Street’s three main indexes were muted at mid-day after a strong start on Wednesday, following...

Published 30 Nov, 2023 04:53am

Business & Finance

US Fed official ‘encouraged’ by progress against inflation

WASHINGTON: The US Federal Reserve is making encouraging progress in the fight against inflation, a senior bank...

Published 28 Nov, 2023 08:26pm

Markets

IT stocks power Indian blue-chips to four-week highs

BENGALURU: Indian blue-chip indexes shrugged off a weak start on Thursday to end at four-week highs as IT stocks...

Published 17 Nov, 2023 06:06am

World

US weekly jobless claims rise more than expected

WASHINGTON: The number of Americans filing new claims for unemployment benefits increased more than expected last...

Published 16 Nov, 2023 06:54pm

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

Markets

India rupee to rally after data reaffirms Fed done with rate hikes

MUMBAI: The Indian rupee is expected to rise at open on Monday after softer-than-expected US jobs data reinforced...

Published 06 Nov, 2023 11:19am

Markets

Wall Street Week Ahead: Stock investors see green light in falling Treasury yields

NEW YORK: Hopes that a rout in Treasuries has run its course are tempting some investors back into the US stock...

Published 06 Nov, 2023 05:27am

Business & Finance

US Fed poised to keep rates unchanged as it opens key meeting

WASHINGTON: The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest...

Published 31 Oct, 2023 07:50pm

Business & Finance

US Fed likely to pause again with rates at 22-year high

WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as...

Published 29 Oct, 2023 06:31pm

Markets

Wall St eyes higher open ahead of Powell’s comments; Tesla drops, Netflix surges

Wall Street’s main indexes were set to open higher on Thursday as Tesla and Netflix kicked U.S. earnings season into...

Published 19 Oct, 2023 06:51pm

World

Fed’s Powell to take the stage amid a suddenly choppy landscape

Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S....

Published 19 Oct, 2023 06:49pm

Markets

Japan’s Nikkei falls as strong US data stokes fear of Fed turning more hawkish

TOKYO: Japan’s Nikkei share average fell on Wednesday after strong US retail sales raised expectations for a more...

Published 18 Oct, 2023 09:54am

Business & Finance

Asian FX reserves slip as central banks grapple with strong dollar

SINGAPORE: Asia’s central banks have spent this year defending their currencies against a strong US dollar, paring...

Published 17 Oct, 2023 05:51am

World

US consumer prices rise on gasoline and shelter costs in September

WASHINGTON: US consumer prices increased in September amid higher costs for rent and gasoline, but underlying...

Published 12 Oct, 2023 05:51pm

Business & Finance

US logs fastest hiring pace in months

WASHINGTON: US employers stepped up their hiring pace unexpectedly in September while unemployment held steady,...

Published 07 Oct, 2023 06:01am

Markets

Wall St rides roller-coaster on hawkish Fed, ends down

NEW YORK: Wall Street see-sawed on Friday, and closed slightly lower after a tumultuous week during which benchmark...

Published 25 Sep, 2023 06:34am

Markets

Gold ekes out gains as US dollar, yields ease

NEW YORK: Gold prices edged higher on Friday, helped by a slight pullback in the dollar and bond yields as investors...

Published 25 Sep, 2023 06:34am

Business & Finance

Dollar up as data highlights US economic resilience

NEW YORK: The US dollar advanced against a basket of currencies on Friday as the latest batch of data on business...

Published 25 Sep, 2023 06:34am

Business & Finance

US Fed likely to pause rate hikes and raise growth forecast

WASHINGTON: Analysts expect the US Federal Reserve to pause interest rate hikes on Wednesday as the central bank...

Published 20 Sep, 2023 07:10pm

Markets

Wall St gains in choppy trading ahead of Fed verdict

NEW YORK: Wall Street’s main indexes rose on Monday in choppy trading as energy stocks tracked higher crude oil...

Published 19 Sep, 2023 06:31am

Business & Finance

More rate hikes ‘likely’ needed to lower inflation: Fed official

WASHINGTON: A US central bank official said Saturday that more interest rate hikes “will likely be needed” to bring...

Published 05 Aug, 2023 09:26pm

Business & Finance

Slower, but still strong US employment growth expected in July

WASHINGTON: US job growth likely slowed further in July, but retained enough momentum to shield the economy from a...

Published 04 Aug, 2023 10:03am

Business & Finance

Bank of England raises borrowing costs to 15-year peak, signals rates to stay high

LONDON: The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of...

Published 03 Aug, 2023 05:53pm

Markets

Rupee sustains back-to-back losses, settles at 287.54 against US dollar

Currency depreciates 0.31% in inter-bank market

Updated 01 Aug, 2023 08:36pm

Business & Finance

Fed official leaves door open to rate hike pause in September

WASHINGTON: A Federal Reserve official left open the possibility on Monday of pausing or stopping interest rate...

Published 31 Jul, 2023 08:28pm

Markets

US Federal Reserve likely to lift interest rates to 22-year high

WASHINGTON: The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark...

Updated 26 Jul, 2023 12:51pm

Business & Finance

US Fed plays catch-up with new instant payments system

WASHINGTON: The Federal Reserve launched its long-awaited instant payments system on Thursday, bringing the United...

Published 20 Jul, 2023 07:50pm

Markets

Brent oil hovers above $80 as U.S inflation eases

LONDON: Global oil benchmark Brent hovered above $80 a barrel on Thursday after U.S. inflation data implied interest...

Updated 13 Jul, 2023 05:02pm

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 8 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 8 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 8 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 8 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 8 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 8 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 8 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 8 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 8 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 8 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 8 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 8 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 8 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 8 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 8 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 8 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 8 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 8 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 8 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 8 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 8 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 8 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 8 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 8 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 8 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 8 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 8 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 8 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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