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Federal Reserve

Wall St falls in choppy trading on rate hike, growth concerns

NEW YORK: US stocks fell on Wednesday with a gloomy first-half of the year approaching its end, marred by concerns ...

Published 30 Jun, 2022 06:07am

Business & Finance

NY Fed to publish corporate bond market distress index

NEW YORK: The Federal Reserve of New York will publish monthly updates on the US corporate bond market to help...

Published 30 Jun, 2022 06:07am

Markets

Markets rise as recession talk tempers rate hike expectations

HONG KONG: Stocks climbed Friday following another rally on Wall Street as investors try to process central bank...

Published 27 Jun, 2022 06:06am

Markets

Wall Street edges higher after Powell’s remarks

NEW YORK: US stock indexes edged higher in choppy trading on Wednesday, with healthcare shares offsetting losses in...

Published 23 Jun, 2022 06:05am

Opinion

Will Fed chicken out of rate hike?

You can bet that US President Joe Biden expected better news out of Nato than its secretary-general Jens Stoltenberg...

Published 23 Jun, 2022 06:05am

Markets

Gold firms as economic fears return to centre stage

LONDON: Gold rose on Wednesday as renewed fears of a recession bolstered bullion’s allure as a safe haven and...

Published 23 Jun, 2022 06:05am

Markets

US stocks retreat as Powell cautions on inflation

NEW YORK: Wall Street stocks fell early Wednesday, giving back some of the prior session’s gains as markets awaited...

Published 22 Jun, 2022 08:13pm

Business & Finance

Treasuries Yields close volatile week near their lows

NEW YORK: US Treasury yields held at lower levels on Friday after a volatile week that saw yields hit more than...

Published 20 Jun, 2022 05:51am

Markets

Wall St fights for footing after steep selloff on recession worries

NEW YORK: Wall Street’s main indexes struggled to find momentum on Friday following a brutal selloff this week due...

Published 18 Jun, 2022 06:00am

Markets

Wall Street sinks as recession fears ripple through markets

NEW YORK: US stock indexes tumbled on Thursday, with high-profile tech shares leading the rout, after the Federal...

Published 17 Jun, 2022 06:37am

Business & Finance

Canadian dollar falls

TORONTO: The Canadian dollar weakened against its US counterpart on Thursday as oil prices fell and interest rate...

Published 17 Jun, 2022 06:37am

Business & Finance

Fed hikes rates by 0.75 percentage point, flags slowing economy

WASHINGTON: The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday...

Published 15 Jun, 2022 11:28pm

Opinion

US stocks’ bear market growl could beckon recession

The bear market in US stocks could be a prelude to even tougher times to come: a market swoon has often come...

Published 15 Jun, 2022 05:47am

Biden blames Republicans, Russia for soaring inflation

PHILADELPHIA: President Joe Biden on Tuesday blamed Republicans and the Russian invasion of Ukraine for soaring US...

Published 15 Jun, 2022 05:47am

Markets

Analysis: US stocks' bear market growl could beckon recession

NEW YORK: The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often...

Published 14 Jun, 2022 10:59pm

Markets

S&P 500 on pace to confirm bear market on recession worries

NEW YORK: Wall Street’s main stock indexes fell sharply and the S&P 500 was on track to confirm a bear market...

Published 14 Jun, 2022 05:56am

Business & Finance

China’s yuan slips to two-week low

SHANGHAI: China’s yuan slipped to a more than two-week low against the dollar on Monday after soaring US inflation...

Published 14 Jun, 2022 05:56am

Markets

S&P 500 sinks 3.9%, ending in 'bear market' on inflation worries

NEW YORK,: Wall Street stocks officially entered a "bear market" Monday following another drubbing as markets bet on...

Updated 14 Jun, 2022 01:53am

Markets

US inflation hammers European shares amid recession fears

LONDON: European shares slumped 2.7% on Friday after US inflation came in hotter than expected, raising the prospect...

Published 13 Jun, 2022 06:19am

Business & Finance

Dollar edges up as stocks rally, inflation data eyed

NEW YORK: The dollar advanced modestly on Monday as a boost in risk appetite sent US equities higher and kept gains...

Published 07 Jun, 2022 05:47am

Markets

US yields rise to 2-week highs after solid payrolls data

NEW YORK: US Treasury yields rose to two-week highs on Friday after data showed the world’s largest economy ...

Published 06 Jun, 2022 05:57am

Business & Finance

Dollar higher after US job growth tops expectations

NEW YORK: The US dollar edged higher against a basket of currencies on Friday, after a better-than-expected US...

Published 04 Jun, 2022 04:18am

World

Solid U.S. job growth anticipated in May; unemployment rate seen at 3.5%

WASHINGTON: U.S. employment likely increased at a brisk clip in May, with the jobless rate expected to have dropped...

Published 03 Jun, 2022 12:20pm

Business & Finance

Microsoft warns of forex hit, cuts forecast

NEW YORK: Microsoft Corp on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest US...

Published 03 Jun, 2022 08:22am

Markets

S&P 500 down as Microsoft slips; Fed official’s comments weigh

NEW YORK: The S&P 500 and the Dow lost ground on Thursday after Microsoft made a surprise cut to its earnings...

Published 03 Jun, 2022 05:56am

Business & Finance

Biden, Fed chair discuss US inflation at White House

WASHINGTON: President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve,...

Published 01 Jun, 2022 05:53am

Business & Finance

Dollar resumes slide as stock markets tentatively pick up

LONDON: The US dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, ...

Published 31 May, 2022 05:11am

Business & Finance

Sterling rangebound near 1-month high

LONDON: The British pound edged higher against a faltering US dollar on Monday and was set for its first monthly ...

Published 31 May, 2022 05:11am

Markets

Wall St Week Ahead: Hopes that Fed is ‘past peak hawkishness’ buoy stocks

NEW YORK: Bad news may once again be good news on Wall Street, as signs of slowing US growth fan hopes that the...

Published 30 May, 2022 05:53am

Markets

Saudi bourse outperforms Gulf peers; Egypt extends losses

DUBAI: Saudi Arabia’s stock market outperformed its Gulf peers on Wednesday, while the bourses in the region were...

Published 26 May, 2022 05:26am

Gainers
Losers
Leaders

Stock	Price
First Fidelity Leas. / Jul 5 First Fidelity Leasing Modaraba(FFLM)	3.40 ▲ 0.79 (30.27%)
Dewan Textile / Jul 5 Dewan Textile Mills Limited(DWTM)	3.68 ▲ 0.73 (24.75%)
Ashfaq Textile / Jul 5 Ashfaq Textile Mills Limited(ASHT)	9.90 ▲ 1.00 (11.24%)
Tri-Star Power / Jul 5 Tri-Star Power Limited(TSPL)	3.70 ▲ 0.35 (10.45%)
Reliance Ins. / Jul 5 Reliance Insurance Company Limited(RICL)	7.10 ▲ 0.56 (8.56%)
AKD Hospitality / Jul 5 AKD Hospitality Limited(AKDHL)	177.04 ▲ 12.35 (7.50%)
Allawasaya Tex / Jul 5 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1639.82 ▲ 114.40 (7.50%)
Dadex Eternit / Jul 5 Dadex Eternit Limited(DADX)	83.02 ▲ 5.79 (7.50%)
Sanofi-Aventis / Jul 5 Sanofi-Aventis Pakistan Limited(SAPL)	1327.20 ▲ 92.59 (7.50%)
Crescent Steel / Jul 5 Crescent Steel & Allied Products Limited(CSAP)	46.34 ▲ 3.23 (7.49%)

Stock	Price
Shaheen Ins. / Jul 5 Shaheen Insurance Company Limited(SHNI)	3.00 ▲ -0.60 (-16.67%)
Dawood Equities / Jul 5 Dawood Equities Limited(DEL)	6.75 ▲ -0.76 (-10.12%)
Bhanero Tex. / Jul 5 Bhanero Textile Mills Limited(BHAT)	1355.13 ▲ -109.87 (-7.50%)
K.S.B.Pumps / Jul 5 KSB Pumps Company Limited(KSBP)	141.34 ▲ -11.46 (-7.50%)
Punjab Oil / Jul 5 Punjab Oil Mills Limited(POML)	172.97 ▲ -14.02 (-7.50%)
Tandlianwala Sugar / Jul 5 Tandlianwala Sugar Mills Limited(TSML)	123.95 ▲ -10.05 (-7.50%)
Zahid Jee Tex. / Jul 5 Zahidjee Textile Mills Limited(ZAHID)	24.79 ▲ -2.01 (-7.50%)
J.K.Spinning / Jul 5 J.K. Spinning Mills Limited(JKSM)	51.74 ▲ -4.19 (-7.49%)
Shams Textile / Jul 5 Shams Textile Mills Limited(STML)	43.85 ▲ -3.55 (-7.49%)
MithchellsFruit / Jul 5 Mitchells Fruit Farms Limited(MFFL)	91.20 ▲ -7.36 (-7.47%)

Stock	Volume
Maple Leaf / Jul 5 Maple Leaf Cement Factory Limited(MLCF)	6,504,361 ▼ 0.00
WorldCall Telecom / Jul 5 Worldcall Telecom Limited(WTL)	4,787,500 ▼ 0.00
Fauji Cement / Jul 5 Fauji Cement Company Limited(FCCL)	4,425,000 ▼ 0.00
Pak Refinery / Jul 5 Pakistan Refinery Limited(PRL)	3,686,547 ▼ 0.00
Lotte Chemical / Jul 5 Lotte Chemical Pakistan Limited(LOTCHEM)	3,200,012 ▼ 0.00
TPL Properties / Jul 5 TPL Properties Limited(TPLP)	3,141,158 ▼ 0.00
Cnergyico PK / Jul 5 Cnergyico PK Limited(CNERGY)	2,831,138 ▼ 0.00
Sui North Gas / Jul 5 Sui Northern Gas Pipelines Limited(SNGP)	2,733,037 ▼ 0.00
Engro Polymer / Jul 5 Engro Polymer & Chemicals Limited(EPCL)	2,233,185 ▼ 0.00
G3 Technologies / Jul 5 G3 Technologies Limited(GTECH)	2,202,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 4	205.00
USD PKR Interbank Buying / Jul 4	204.80
USD to Japanese Yen / Jul 4	135.87
USD to Swiss Franc / Jul 4	0.96
Pound Sterling to USD / Jul 4	1.29
Euro to USD / Jul 4	1.04
UK LIBOR % / Jul 4	1.57

Stock	Volume
S&P 500 / Jul 4	3825.33
India Sensex / Jul 4	53234.77
Tokyo Nikkei / Jul 4	26153.81
Nasdaq / Jul 4	11127.84
Hang Seng / Jul 4	21830.35
FTSE 100 / Jul 4	7232.65
Dow Jones / Jul 4	31097.26
Germany DAX 30 / Jul 4	12773.38
France CAC40 / Jul 4	5954.65

Item	Value
Crude Oil USD/Barrel / Jul 4	110.43
Karachi Cotton PKR/37.32 KG / Jul 4	16880.00
Gold 10 Grams PKR / Jul 4	118900.00
Gold Spot USD/Ounce / Jul 4	1809.29
Cotton US¢/pound / Jul 4	97.48

Federal Reserve

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